Increase in Size of Montauban Property
ESGold Corp. Continues to Increase the Size of its Montauban Property
Through the Acquisition of an Additional 39 Mining Claims Totaling 2286
Hectares
VANCOUVER, BRITISH COLUMBIA – May 29, 2024, ESGold Corp. (“ESGold” or the
“Company”) (CSE: ESAU, Frankfurt: N2W, OTC: SEKZF), one of the few exploration
companies involved in the Montauban mining region located in the southern part of the
Province of Quebec, Canada is pleased to announce that it has staked an additional 39
Mining Claims totaling 2286 hectares. The staked mining claims are open ground adjacent to its
main mining claim block. More specifically some of the newly acquired mining claims are
directly adjacent to semi massive sulphides (35%<sulphurs>65%) showings as indicated on the
Gestim website.
With the acquisition ESGold now holds 255 mining claims totaling approximately 13,116
hectares representing the largest mining claim package held by one mining company within the
Montauban mining region.
ESGold with its commitment to responsible resource development and sustainable mining
practices, is embarking on an ambitious exploration program aimed at unlocking the full mineral
potential of the region. Through systematic claim staking, the company aims to strategically
position itself to capitalize on promising mineral deposits while ensuring environmental
stewardship and community engagement.
The decision to continue additional claims staking was based on the continued positive results of
comprehensive and systematic geological surveys, including geophysical and geochemical
analyses and preliminary exploration activities that have indicated significant potential
mineralization within the region. One of the primary objectives of the company is to delineate
the regional mineralization trends and identify potential targets for further exploration and
development as well as to verify the immediate extension of the deposit at depth.
Reported historical past production from the Montauban Property includes 150,000 ounces of
gold, and 7,000,000 ounces of silver as well as 109,000 metric tons of zinc and 37,000 metric
tons of lead. (source: John Langton P. Geo, NI 43-101 Technical Report February 4th, 2022)
The Montauban mines, known for their zinc and silver deposits, 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 financial resources, or a lack of
interest in the past.
Additionally, the Montauban deposits are primarily associated with massive sulfides, meaning
that zinc and silver minerals are present in high concentrations in specific areas rather than
disseminated. Historical results and past work clearly demonstrate the continued development of
the property over the years on a limited area of the bearing geological unit. Underground
workings include declines, shafts, and an extensive network of drifts on various levels.
Additionally, of the many significant highlights on the property, the south strike zone contains
near surface mineralised rock 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 additional claims solidifies ESGold’s Montauban Property bundle, while
expanding its exploration and mining potential. These newly acquired claims are in line with the
Company's objective of low capital cost production targets while positioning the Company for
continued growth with the Montauban Project. Procuring these claims will positively impact the
Company's long-term exploration program and enhance the value of these prospective claims ,"
said Jean-Yves Therien, CEO of ESGold Corp.
ESGold remains committed to transparent communication and engagement with local
stakeholders throughout the exploration process. The company will continue to work closely
with regulatory authorities, local communities, and indigenous groups to ensure that exploration
activities are conducted responsibly and in alignment with community interests.
As the development and exploration program progresses, ESGold will provide timely updates on
its findings and milestones, reaffirming its commitment to transparency and accountability in all
its operations.
Other Corporate News
The Company has issued to Officers and consultants a total of 2,600,000 common shares. All
securities issued will be subject to a statutory hold period expiring in accordance with applicable
securities legislation.
Qualified Person
The technical information in this news release was reviewed and approved by Claude Duplessis,
P.Eng. Quebec, of GoldMinds Geoservices Inc., who is an independent Qualified Person in
accordance with National Instrument 43-101.
Pour une traduction française de ce communiqué de presse, veuillez visiter notre site Web à
www.esgold.com.
About the Company
ESGold Corp. is a Canadian environmentally aware resource exploration and processing company.
Management has demonstrated expertise in advancing gold exploration projects into acquisition
targets, most notably in the province of Quebec. ESGold’s principal restoration and recovery
project is the Montauban property situated in Quebec, just 80 kilometers west of Quebec City.
For more information on ESGold Corp. please contact the Company (+1 514-712- 1532) or visit
the website www.esgold.com for the French version of this press release, for past news releases,
3D model of the Montauban processing plant, media interviews and opinion- editorial pieces. To
keep up with what's going on with ESGold 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: [email protected]
This press release contains "forward- looking information" that is based on the Company's
current expectations, estimates, forecasts, and projections. This forward-looking information
includes, among other things, statements with respect to the Company's exploration and
development plans. The words "will", "anticipated", "plans" or other similar words and phrases
are intended to identify forward-looking information. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause the Company's actual
results, level of activity, performance, or achievements to be materially different from those
expressed or implied by such forward looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept
responsibility for the adequacy or accuracy of this release.