(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - April 4, 2024, ESGold Corp. (“ESGold” or the“Company”) (CSE: ESAU, Frankfurt: N2W, OTC: SEKZF), one of the fewexploration companies involved in the Montauban mining region locatedin the southern part of the Province of Quebec, Canada is pleased toannounce that it has staked an additional130 Mining Claims totaling 7303 hectares. The mining claims staked areopen ground adjacent to its main mining claim block. With the newlyacquired mining claims, ESGold presently holds 226 mining claimstotaling approximately 10,830 hectares on the Montauban Propertyrepresenting the largest mining claim package held by one miningcompany on the Montauban Mining Property.
Esgold with its commitment to responsible resourcedevelopment and sustainable mining practices, is embarking on anambitious exploration program aimed at unlocking the full mineralpotential of the region. Through systematic claim staking, the companyaims to strategically position itself to capitalize on promisingmineral deposits while ensuring environmental stewardship andcommunity engagement.
The decision to initiate claims staking was based on the results ofcomprehensive and systematic geological surveys, including geophysicaland geochemical analyses and preliminary exploration activities thathave indicated significant mineralization within the region. One ofthe primary objectives of the company is to delineate the regionalmineralization trends and identify potential targets for furtherexploration and development as well as to verify the immediateextension of the deposit at depth.
Reported historical past production from theMontauban Property includes 150,000 ounces of gold, and 7,000,000ounces of silver as well as 109,000 metric tons of zinc and 37,000metric tons of lead. (source: John Langton P.Geo, NI 43-101 Technical Report February 4 th , 2022)
The Montauban mines, known for their zinc and silverdeposits, have not been systematically explored on a regional scale.This lack of in-depth exploration could be due to several factors,including but not limited to geographic constraints, limited financialresources, or a lack of interest in the past.
The Montauban deposits are primarily associated withmassive sulfides, meaning that zinc and silver minerals are present inhigh concentrations in specific areas rather than disseminated.Historical results and past work clearly demonstrate the continueddevelopment of the property over the years. Underground workingsinclude declines, shafts, and an extensive network of drifts onvarious levels. Additionally, of the many significant highlights onthe property, the south strike zone contains near surface mineralisedrock as well as the St. Thomas showings located approximately 5kmsouth from the south strike zone. (sources: Mr. Jacques Marchand Min.Eng., 2010 Resource Evaluation Report and Mr. Christian Derosier,Geo., 2007 Technical Report)
"We are excited to embark onthis phase of exploration as we believe it holds tremendous potentialfor uncovering valuable mineral resources." By strategicallystaking claims and leveraging advanced exploration techniques, we aimto unlock the full mineral potential of the region while adhering to the highestenvironmental and social impact in the region. The acquisition of theadditional claims solidifies ESGold’s Montauban Property bundle,while expanding its exploration and mining potential. These newlyacquired claims are in line with the Company's objective of lowcapital cost production targets while positioning the Company forcontinued growth with the Montauban Project. Procuring these claimswill positively impact the Company's long-term exploration program andenhance the value of these prospective claims ," said Jean-Yves Therien, CEO of ESGold Corp.
ESGOLD remains committed to transparent communication and engagementwith local stakeholders throughout the exploration process. Thecompany will continue to work closely with regulatory authorities,local communities, and indigenous groups to ensure that explorationactivities are conducted responsibly and in alignment with communityinterests.
As the development and exploration program progresses, ESGOLD willprovide timely updates on its findings and milestones, reaffirming itscommitment to transparency and accountability in all itsoperations.
Other Corporate News
The Company has granted to Officers and Directors atotal of 2,575,000 restricted share units. All securities issuedwill be subject to a statutory hold period expiring in accordance withapplicable securities legislation.
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 awareresource exploration and processing company. Management hasdemonstrated expertise in advancing gold exploration projects intoacquisition targets, most notably in the province of Quebec.ESGold’s principal restoration and recovery project is the Montaubanproperty situated in Quebec, just 80 kilometers west of Quebec City.
For more information on ESGold Corp. please contact theCompany (+1 514-712-1532) or visit the website www.esgold.com for the Frenchversion of this press release, for past news releases, 3D model of theMontauban processing plant, media interviews and opinion-editorialpieces. To keep up with what's going on with ESGold please join ourshareholders chat room on telegram : https://t.me/+SQeyLoDRjIAwMDVh
On behalf of the Boardof Directors,
ESGold CORP.
“Jean YvesTherien”
Chief ExecutiveOfficer
“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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