ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has entered into two definitive agreements to acquire 44 mineral claims covering approximately 2,448 hectares in Quebec's Montauban region, expanding its district-scale land position surrounding the Montauban Gold-Silver Project. The acquisitions add prospective ground with historical gold, silver, copper, and zinc mineralization, supporting the company's strategy of consolidating the broader Montauban mineralized corridor.
The company will acquire a 100% interest in the claims for total consideration of $70,000 in cash and 600,000 common shares, with no retained royalty. ESGold said it will incorporate the new claims into its district-scale exploration strategy, combining historical exploration data with geological, geochemical, geophysical, and Ambient Noise Tomography datasets to evaluate potential extensions of known mineralized trends and identify additional exploration targets.
This expansion is significant as it strengthens ESGold's position in the Montauban region, which hosts the company's flagship Montauban Gold-Silver Project that is under construction with production anticipated in 2026. The dual-track strategy of cash flow from near-term production and exploration for discovery aims to build long-term shareholder value.
For more details, the full press release can be viewed at https://ibn.fm/iAVY5.
ESGold Corp. is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. The company's newsroom provides the latest updates at https://ibn.fm/ESAUF.
