(TheNewswire)
VANCOUVER, BRITISH COLUMBIA – TheNewswire - December 21, 2022 – ESGold Corp.(“ ESGold ” or the “ Company ”) ( CSE:ESAU ) , ( Frankfurt: N2W ) , ( OTC:SEKZF ) is pleased to provide the followingCorporate Update:
Preliminary Economic AssessmentReport (the “PEA”)
Significant progress has been made towards thecompletion of the PEA which is anticipated to be issued prior to PDACin early March 2023. The PEA is becoming a very robust documentwhich shall incorporate the following:
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a resource calculation update on residues, hard rock industrial mineral (mica);
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take into consideration most of the heavy-dutyequipment that has already been purchased and is located atsite;
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new equipment requirements and refurbishing theexisting equipment;
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tendered amounts for installation of all equipment inthe mill and restoration of the tailings pond;
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new details on revenue from the sale of the micabi-product;
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resource calculation on the near surface hard rockmineralization;
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discussion on the potential for using an organicpolymer to create concrete building materials with no carbon dioxideemissions.
New Drilling Program
ESGold engaged Laurentia Exploration Inc., who, underthe guidance of GoldMinds Geoservices Qualified Person, executed asampling program in the tailings north of the railway atNotre-Dame-de-Montauban from December 6 th to the8 th .Laurentia conducted a sampling campaign with a total of 35 test pitsand trenches. A total of 107 samples (including Blank and standards)were collected and sent to SGS laboratory in Quebec City to assay forAu, Ag and multi-elements. The Company anticipates the results fromthese assays in mid to late January 2023.
Results from the Annual GeneralMeeting
ESGold held its Annual General Meeting of Shareholderson December 16, 2022, in Vancouver, British Columbia (the“ Meeting ”).
All director nominees – Paul Mastantuono, MartinPrescott, Christopher Stewart and Jean-Yves Therien have beenre-elected to serve for the ensuing year.
The following resolutions were also approved: (i)re-appointment of Davidson & Company LLP as auditor of the Companyfor the ensuing year with authorization of the directors to fix theirremuneration; and (ii) approval of the Company’s new omnibusincentive plan (the “ OmnibusPlan ”), pursuant to which the Company maygrant stock options (“ Options ”) and restricted share units(“ RSUs ”) to the Company’s directors, officers, employees, andconsultants. There are 16,800,000 outstanding Options under theCompany’s existing stock option plan and there are nil outstandingRSUs under the existing restricted share unit plan. The Omnibus Planwill succeed and replace the Company’s existing stock option planand restricted share unit plan in their entirety.
A total of 34,158,293 shares representing 14.43% of theoutstanding shares were represented in person or by proxy at themeeting. Further details on the matters considered at the meetingcan be found in the Company’s information circular dated November16, 2022, a copy of which is available under the Company’s profileon SEDAR at www.sedar.com .
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. Recently, the Companyhas also entered into a joint venture agreement to determine thepresence of recoverable metals in the Ottawa River,consistent with ESGold’s commitment to environmental recoverysolutions.
For more information on ESGold Corp. please contact theCompany (+1 514-712-1532) or visit the website www.esgold.ca 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 withESGold please join our shareholders chat room on telegram : https://t.me/+SQeyLoDRjIAwMDVh
On behalf 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
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