(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - March 20, 2023 – ESGoldCorp. ( “ESGold” or the “Company” ) (CSE:ESAU ) , ( Frankfurt:N2W ) , ( OTC:SEKZF) is pleased to announce it willproceed with its analysis to determinethe costs, equipment, facilities, and processes required to separateand categorize the silicate minerals (Mica) concentrates available atMontauban. The analysis will also focus on the requirements andpotential value-added benefits of transforming the Mica concentrateinto Mica foil sheets, a product presently in high demand in thelithium battery industry.
On March 2 nd , 2023, ESGold announced summary resultsfrom the Preliminary Economic Assessment Report (PEA) on the MontaubanProperty, in which one of the highlights was the availability of52,500 inferred tonnes of silicate minerals (Mica) valued in the PEAat $200USD per tonne. ESGold’s current mill design has thecapability to produce a Mica concentrate through gravity separationusing a series of Humphrey Spirals. Depending onthe classification and types of Mica concentrate, wholesale valuesvary from between $150USD to over $2,000USD per tonne. In September2022, Mica prices stood at $528USD per tonne (CIF, China), surging 28%compared to the previous month. During most of 2022, prices increasedat an average monthly rate of +1.8%. A more refined processing ofESGold’s Mica concentrate can significantly increase the value ofthe final product.
“It is quite probable that a topselling product can be made from our Mica concentrate with additionalprocessing and suitable milling. However, what I am most excited aboutis the possibility of transforming our Mica concentrate into Mica foilsheets, a product that currently is in high demand within the lithiumbattery industry.,” said Jean-Yves Therien,CEO of ESGold Corp.
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.
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.
Pour une traduction française de ce communiqué de presse, veuillezvisiter notre site Web à www.esgold.ca .
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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