(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - March 1, 2023 – ESGoldCorp. ( “ESGold” or the “Company” ) (CSE:ESAU ) , ( Frankfurt:N2W ) , ( OTC:SEKZF) is very pleased to announce thatit has executed and finalized a definitive joint venture agreementwith DMCMS Inc. to produce and sell constructionbuilding materials. The new Joint Venture will use an organic Polymerthat will bond the processed tailings into building materials withshapes including, Bricks, Cinder Blocks, Paving Stones, Patio Tiles,Parking Columns and Highway Jersey Barriers used to define trafficlanes.
With the addition of this initiative to ESGold’s operations, theCompany can complete the cycle of environmental responsibility at itsMontauban Project. This is a major environmental feat but now, withthe announcement of this new Joint Venture, the Company will take thenewly processed and clean tailings, mix this with the polymer and thenform a variety of construction materials. The polymer is organic,requires no furnace cooking to set and as a result produces no CarbonDioxide (“CO2”) in the creation of the building materials whichhave proven to be stronger than concrete.
Under the terms of definitive agreement, ESGold will provide aninvestment financing in the total amount of $500,000 to be used forthe purchase of circuit line equipment needed to produce cinderblocks, pavers, and bricks. In consideration of the $500,000investment financing, ESGold will retain 51% of the generated netearnings of the salable materials from the tailings at ESGold’sMontauban Project or other applications using the polymertechnology.
”I am very excited for our shareholders and Iam looking forward to working with Domenico Malatesta on this mostimportant environmental initiative. Mr. Malatesta’s expertise in thepolymer space will allow for this new joint venture partnership toexpeditiously develop an organic polymer to be utilized in thecreation of building materials offering a new revenue stream with verylow upfront and ongoing operational costs over and above theextraction of gold and silver at Montauban,” statedJean Yves Therien, CEO of ESGold Corp. “Additionally, this new environmentalundertaking is very important to me but most importantly is thepositive environmental impact that this initiative brings to Quebec. The manufacturing of concrete is the second largest generator of CO2in the world. ESGold’s new process will create needed buildingmaterials for the Quebec construction industry that are superior instrength, easier to engineer and create zero carbonemissions.”
Pour unetraduction française de ce communiqué de presse, veuillez visiternotre site Web à www.esgold.ca .
About the Company
ESGold Corp. is a Canadian environmentally aware resourceexploration and processing company. Management has demonstratedexpertise in advancing gold exploration projects into acquisitiontargets, most notably in the province of Quebec. ESGold’s principalrestoration and recovery project is the Montauban property situated inQuebec, just 80 kilometers west of Quebec City. Recently, the Companyhas also entered into a joint venture agreement to determine the presence of recoverable metals in the Ottawa River,consistent with ESGold’s commitment to environmental recoverysolutions.
For more information on ESGold Corp. please contact theCompany (+1 514-712-1532) or visit the website www.esgold.ca for past newsreleases, 3D model of the Montauban processing plant, media interviewsand opinion-editorial pieces. To keep up withwhat's going on with ESGold please join our shareholders chat room ontelegram : https://t.me/+SQeyLoDRjIAwMDVh
Onbehalf of the Board of Directors,
ESGold CORP.
“Jean Yves Therien”
Chief Executive Officer
“John Stella”
Investor contact
Tel: +1 514- 712-1532
Email: info@esgold.ca
This press release contains"forward-looking information" that is based on the Company'scurrent expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration anddevelopment plans. The words "will","anticipated", "plans" or other similar words and phrases are intended toidentify forward-looking information. Forward-looking informationis subject to known andunknown risks, uncertainties and other factors that may cause theCompany's actual results, level of activity, performance, or achievements to be materiallydifferent from those expressed or implied by such forward looking information.
Neither theCanadian Securities Exchange nor its Regulation Services Provideraccept responsibility for the adequacy or accuracy of thisrelease.
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