(TheNewswire)
Vancouver,B C - TheNewswire - March 8, 2023 - ESGoldCorp. ( “ESGold” or the “Company” ) (CSE:ESAU ) ( Frankfurt:N2W ) ( OTC:SEKZF) is pleased to announce it has acquired an undivided one hundredpercent (100%) interest of 25 Mining Claims totaling 2,360 hectareslocated in Notre-Dame-de-Montauban, Quebec, Canada. ESGold acquired 20mining claims from 9148-5706 Quebec Inc. in exchange of 200,000 commonshares of the company and additionally staked 5 mining claims of openground adjacent to its main mining claim block. With the newlyacquired mining claims, ESGold presently holds 96 mining claimstotalling approximately 3,526.97 hectares on the MontaubanProperty.
The acquisition of the additional claims solidifies ESGold’sMontauban Property bundle, while expanding its exploration and miningpotential. Reported historical past production fromthe Montauban 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, NI43-101 Technical Report February 4th 2022)
Historical results and past work clearly demonstratethe continued development of the property over the years. Undergroundworkings include declines, shafts and an extensive network of driftson various levels. In addition, 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)
« These newly acquired claims are in line with theCompany's objective of low capital cost production targets whilepositioning the Company for continued growth with the MontaubanProject. Procuring these claims will positively impact the Company'slong-term exploration program and enhance the value of theseprospective claims," said Jean-Yves Therien, CEO of ESGoldCorp.
Figure 1 : ClaimsLimits of the Montauban property
In other corporate news ESGold’s board of directorshas decided to abolish the president position at the management level. In consequence, Brad Kitchen will no longer be president of ESGoldCorp.
Qualified Person
The information contained in this press release havebeen reviewed by Claude Duplessis, Eng., Qualified Person, foraccuracy and compliance with National Instrument 43-101.
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. The Company has alsoentered into a joint venture agreement to determine the presence ofrecoverable metals in the Ottawa River, consistent with ESGold’scommitment to environmental recovery solutions. The Company’s mainexploration focus is its 100% ownership of the Eagle River project,which is adjacent to and on-trend to several gold projects in theWindfall Lake district of Urban Barry in Quebec.
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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