SOURCE: Varca Ventures, Inc.

November 29, 2011 07:11 ET

Varca Ventures Subsidiary Receives Conditional Approval From Colorado Mined Land Reclamation Board to Proceed With Site Remediation

Varca Ventures Begins Trading Following Acquisition of Wildcat Mining

DURANGO, CO--(Marketwire - Nov 29, 2011) - Varca Ventures Inc. (OTCBB: VRCV) announced today that on November 9th, its wholly-owned subsidiary Wildcat Mining Corporation received a conditional permit by unanimous approval from the Colorado Mined Land Reclamation Board to proceed with site remediation at its May Day and Idaho Mines in Southwest Colorado.

The approval of the conditional permit from the Board allows Wildcat Mining to correct outstanding issues that were until now not resolved due to a cease-and-desist order from the State of Colorado. The May Day Idaho Mining Complex, located near Hesperus, Colorado, 15 miles west of Durango, in the California Mining District, is Wildcat Mining's primary asset.

"The Board's unanimous vote today allows Wildcat Mining to move forward in a measured fashion to resolve existing issues on the project site. We are pleased with the Board's work to ensure that all stakeholders have been informed and involved. We believe the permit approval will create new jobs in Durango for contractors, construction personnel and drillers," stated Randall Oser, Wildcat Mining President.

Varca Ventures also began trading on the OTCBB under the symbol "VRCV.OB."

Varca Ventures, Inc. is an exploration stage company that seeks to engage in the acquisition and exploration of natural resource properties primarily in North America and is headquartered at 1630 Ringling Blvd., Sarasota, FL, 34236. The Company has not earned any revenues to date, and its independent auditor has issued an audit opinion which includes a statement expressing substantial doubt as to its ability to continue as a going concern. You can visit www.varcaventures.com for more information.

Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analysis and on forecasts of future results, estimates of amounts not yet determined and assumptions of management. There are forward-looking statements within this news release, and actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition, permitting, and the risk that the Company may not find any minerals in commercially feasible quantity. These and other risks are described in Varca Ventures, Inc. 8K report filed on November 2, 2011 and other filings with the Securities and Exchange Commission.

Disclaimer: This announcement has been written by American Business Writers Corp., who has been engaged on behalf of Varca Ventures to assist in the marketing and advertising of Varca for monetary compensation. All content in this release is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. The terms of engagement by Varca Ventures Inc. with American Business Writers calls for compensation of fifty-thousand restricted shares to perform editorial and advertising services for twelve months, which services include the issuance of this release. Prior to any dissemination of press releases on behalf of the Company, the content is reviewed and approved by Varca's management team.

Contact Information

  • Contact:
    Randy Oser
    President
    (941) 951-0787