(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - May 29, 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 additional39 Mining Claims totaling 2286 hectares. The staked mining claims areopen ground adjacent to its main mining claim block. Morespecifically some of the newly acquired mining claims are directlyadjacent to semi massive sulphides (35%<sulphurs>65%) showingsas indicated on the Gestim website.
With the acquisition ESGold now holds 255 mining claimstotaling approximately 13,116 hectares representing the largest miningclaim package held by one mining company within the Montauban miningregion.
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 continue additional claims staking was based on thecontinued positive results of comprehensive and systematic geologicalsurveys, including geophysical and geochemical analyses andpreliminary exploration activities that have indicated significantpotential mineralization within the region. One of the primaryobjectives of the company is to delineate the regional mineralizationtrends and identify potential targets for further exploration anddevelopment as well as to verify the immediate extension of thedeposit at depth.
Reported historical past production from the MontaubanProperty includes 150,000 ounces of gold, and 7,000,000 ounces ofsilver as well as 109,000 metric tons of zinc and 37,000 metric tonsof lead. (source: John Langton P. Geo, NI 43-101Technical 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.
Additionally, the Montauban deposits are primarilyassociated with massive sulfides, meaning that zinc and silverminerals are present in high concentrations in specific areas ratherthan disseminated. Historical results and past work clearlydemonstrate the continued development of the property over the yearson a limited area of the bearing geological unit. 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 5km south from the south strike zone. (sources: Mr.Jacques Marchand Min. Eng., 2010 Resource Evaluation Report and Mr.Christian Derosier, Geo., 2007 Technical Report)
The acquisition of the additionalclaims solidifies ESGold’s Montauban Property bundle, whileexpanding its exploration and mining potential. These newly acquiredclaims are in line with the Company's objective of low capital costproduction targets while positioning the Company for continued growthwith the Montauban Project. Procuring these claims will positivelyimpact the Company's long-term exploration program and enhance thevalue of these prospective claims ," saidJean-Yves Therien, CEO of ESGold Corp.
ESGold remains committed to transparent communicationand engagement with local stakeholders throughout the explorationprocess. The company will continue to work closely with regulatoryauthorities, local communities, and indigenous groups to ensure thatexploration activities are conducted responsibly and in alignment withcommunity interests.
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 issued to Officers and consultants atotal of 2,600,000 common shares. All securities issued will besubject to a statutory hold period expiring in accordance withapplicable securities legislation.
Qualified Person
The technical information in this news release wasreviewed and approved by Claude Duplessis, P.Eng. Quebec, of GoldMindsGeoservices Inc., who is an independent Qualified Person in accordancewith National Instrument 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 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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