ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has entered into two definitive agreements to acquire 44 mineral claims covering approximately 2,448 hectares in Québec’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 incorporate the new claims into its district-scale exploration strategy, combining historical exploration data with geological, geochemical, geophysical and Ambient Noise Tomography datasets. This approach aims to evaluate potential extensions of known mineralized trends and identify additional exploration targets. ESGold obtained a 100% interest in the claims for total consideration of $70,000 in cash and 600,000 common shares, with no retained royalty.
The Montauban Gold-Silver Project, the company’s flagship asset located in Quebec, is under construction with production anticipated in 2026. ESGold is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. The company has a dual-track strategy of cash flow today and discovery tomorrow, building a platform for clean, sustainable growth and long-term shareholder value.
For investors, this expansion signals ESGold's commitment to consolidating a highly prospective mineralized corridor, potentially increasing the resource base and exploration upside. The addition of historical mineralization data could lead to new discoveries, enhancing the project's economics. With production targeted for 2026, the company is positioning itself as a near-term producer, which may attract investor attention in the precious metals space.
The full press release is available at https://ibn.fm/iAVY5. For the latest news and updates relating to ESAUF, visit the company’s newsroom at https://ibn.fm/ESAUF.
