Acquisition of 130 Mining Claims
ESGold Corp. Acquires 130 Mining Claims Totaling 7303 Hectares
Significantly Increasing the Size of its Montauban Property Interest
VANCOUVER, BRITISH COLUMBIA – April 4, 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 130
Mining Claims totaling 7303 hectares. The mining claims staked are open ground adjacent to its
main mining claim block. With the newly acquired mining claims, ESGold presently holds 226
mining claims totaling approximately 10,830 hectares on the Montauban Property representing
the largest mining claim package held by one mining company on the Montauban Mining
Property.
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 initiate claims staking was based on the results of comprehensive and systematic
geological surveys, including geophysical and geochemical analyses and preliminary exploration
activities that have indicated significant 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.
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. 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)
"We are excited to embark on this phase of exploration as we believe it holds tremendous
potential for uncovering valuable mineral resources." By strategically staking claims and
leveraging advanced exploration techniques, we aim to unlock the full mineral potential of the
region while adhering to the highest environmental and social impact in the region. 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 granted to Officers and Directors a total of 2,575,000 restricted share units. All
securities issued will be subject to a statutory hold period expiring in accordance with applicable
securities legislation.
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.