(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - May 30, 2023 – ESGoldCorp. ( “ESGold” or the “Company” ) (CSE:ESAU ) , ( Frankfurt:N2W ) , ( OTC:SEKZF) is pleased to providethe following update on the Company’s plans for the 2023 summerseason.
At Montauban, the Company plans on conducting a diamonddrill campaign designed to validate historicalnear surface hard rock resources and explore previously untested areason the property. In 2015, airborne VTEM geophysics work on theMontauban Property was completed and interpreted by Marc Boivin, P.Geo with 22 VTEM targeted potential anomalies. The objective with thisinitial diamond drill campaign is to extend the life of the minebeyond the processing of the mining residues.
Other work that has commenced is GoldMind’scompilation of all historic drilling and mining information on theunderground workings at Montauban. The goal is to digitize theinformation so that it can be incorporated into a model that outlinesthe extent of the underground resource at the site. Although Montaubanhas had some sporadic operations since 1910, there has never been acomprehensive model compiled.
Additionally, management continues to aggressivelypursue financing options with various groups for the mill circuitbuild-out located on the Montauban property. Over 60% of the equipment required to bring the mill ‘on-line’ hasbeen sourced and infrastructure work completed on site includes accessroads, main hydro power source and the building that will house themill.
With regards to ESGold’s Ottawa River Project, thecompany’s core team of experts are currently preparing the nextphase of exploration work scheduled to begin during the summer of2023. Last summer, ESGold completed an eight-day sampling program ofthe sediments in the Ottawa River. The analysis of the recoveredsediments by MSALabs of Val D’Or, Quebec confirmed the presence ofgold in every processed sample.
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.
Pour une traduction française de ce communiqué de presse, veuillezvisiter notre site Web à www.esgold.com .
For more information on ESGold Corp. please contact theCompany (+1 514-712-1532) or visit the website www.esgold.com 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.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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