(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - August 24, 2022 – ESGoldCorp. ( “ESGold” or the “Company” ) (CSE:ESAU ) , (CNSX:EAU.CN), ( Frankfurt:N4UP ) , ( OTC:SEKZF) is pleased to report that theassay results from the Company’s initial sampling program on itsOttawa River Project has confirmed the presence of gold in everyprocessed sample at MSALabs in Val D’Or.
The sampling program was carried out over an eight (8) day periodcommencing on July 18, 2022 and completed at noon on Monday July 25,2022. In total, sixty-one (61) 2kg samples were extracted by theSoderholm Maritimes Services Inc. divers along the six (6) grid linesthat ESGold’s independent consultant GoldMinds Geoservices Inc.(“GoldMinds”) established to accurately locate the source of thesamples. A total of 32 of the 61 samples were assayed and returnedgold results ranging from trace amounts to 1.872 grams per tonne. Atotal of 29 samples could not be processed due to the overwhelmingpresence of saturated wood. It is important to mention that slagmaterial was observed in different samples.
Once recovered, the 2 to 4 kg samples filled withsediment material in 15-liters bags were laid out in a pan, some waterremoved, a description of the sample was quickly catalogued, thesample was then split in two parts, one part to remain with theCompany for potential future analysis and the other half sealed,tagged and put is a plastic pail by independent technical team. At theend of the campaign, the pails were put on a pallet, sealed andshipped by Manitoulin Transport Inc. directly to MSALabs’ laboratoryin Val D’Or, Quebec. At the Laboratory, the samples were loggedin, dried, crushed in 1 kg sample size and then split into 500 gtesting amounts. These testing amounts were then exposed to Gamma Rayanalysis for gold using a photon assay instrument.
The complete sampling program was under the supervisionof GoldMinds with Claude Duplessis, P. Eng (Licensed PGO #100222741)& Maude Marquis Eng.(OIQ # 5089140) serving as the IndependentQualified Persons with regards to NI-43-101 regulations.
ESGold has already started the next steps in the development of theOttawa River Project by sending composite samples augured from thefour (4) tonne bulk residuals extracted by the airlift method from theriverbed. Two pails of 10 Kg have been sent to MSALabs for assaying. These bulk sample bags have beentransported to ESGold’s secured mill site at Montauban.
In addition to assaying the bulk sample composites, theCompany has sent approximately six (6) pounds (2.7Kg) ofslag found in the Company’s recent underwater extraction program anda ten (10) kg sample recently extracted by ESGold’s joint venturepartner, Nepean Bay Joint Venture Ltd. (“NBJV”). The Companypreviously took a composite sample from a one (1) tonne residue sampleextracted by NBVJ and sent to MSALabs for assaying. One of thefindings returned 35.93Au g/t from a crushed slag sample and isconsidered historic by the company. ESGold is hoping to confirmthese findings on samples extracted under the supervised control ofClaude Duplessis of GoldMinds, ESGold’s independent qualifiedperson, and anticipates receiving the results within three (3)weeks.
Itis important to mention that a significant piece of slag sample takenin July by the ESGold divers shows native gold. The slag sample wascracked open to expose the interior and in addition to iron and othermetals, two (2) flakes of native gold were visible (please see thephoto below). This piece of slag has also been sent to MSALabs forassaying. This visible gold and the assayed samples from ESGold’sunderwater program demonstrate the existence and presence of gold inthe riverbed.
Photo showing visible gold in piece of slag from the riverbed(sample sent to laboratory for assaying)
The Company will also receive the detailed bathymetric surveysperformed by Geophysique GPR International Inc. (“GPR”) in thenext few weeks. The two (2) different detailed surveys, bottom &sub-bottom, should reveal and map the thickness of industrial wastesediment in the Ottawa River. This will assist ESGold with thedevelopment of a larger placer exploration program to identify thesweet spot of accumulation. The intention of this work is toestablish the potential of recoverable salable materials from theriverbed. Use of the underwater grid, testing and preparation of theon-site facilities will enable ESGold to rapidly expand the scope ofthe recovery project if the samples continue to indicate favourableresults.
QA/QC
The QP relies on MSALAB blanks and standards as the material massfor their analytical measurement is 500 grams and actually there areno commercial certified 500 grams standard commonly available. Theresults of MSLAB blanks and Standards are in line with the expectedresults and allow the public disclosure.
This news release has been reviewed and approved by Claude Duplessis, P. Eng (Licensed PGO#100222741) , a Qualified Person as defined inN.I. 43-101
Pour unetraduction française de ce communiqué de presse, veuillez visiternotre site Web à www.esgold.com .
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 thepresence of recoverable metals in the Ottawa River, consistent withESGold’s commitment to environmental recovery solutions. TheCompany’s main exploration focus is its 100% ownership of the EagleRiver project, which is adjacent to and on-trend to several goldprojects in the Windfall Lake district of Urban Barry in Quebec.
For more information on ESGold Corp. please contact www.esgold.com , Tel: +1 514-712-1532 or visit the website www.esgold.com for theFrench version of this news release, past news releases, 3D model ofthe Montauban processing plant, media interviews and opinion-editorialpieces. To keep up to date with ESGold join our telegram chatgroup.
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.com
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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