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ESGold Acquires 25 Mining Claims Totalling 2,360 Hectares Significantly Increasing the Size of its Montauban Property
Vancouver, BC - TheNewswire - March 8, 2023 - ESGold Corp. (“ESGold” or the “Company”) (CSE:ESAU) (Frankfurt:N2W) (OTC:SEKZF) is pleased to announce it has acqu
About this update from Esgold Corp
[{"type":"text","content":"Vancouver, BC - TheNewswire - March 8, 2023 - ESGold Corp. (“ESGold” or the “Company”) (CSE:ESAU) (Frankfurt:N2W) (OTC:SEKZF) is pleased to announce it has acquired an undivided one hundred percent (100%) interest of 25 Mining Claims totaling 2,360 hectares located in Notre-Dame-de-Montauban, Quebec, Canada. ESGold acquired 20 mining claims from 9148-5706 Quebec Inc. in exchange of 200,000 common shares of the company and additionally staked 5 mining claims of open ground adjacent to its main mining claim block. With the newly acquired mining claims, ESGold presently holds 96 mining claims totalling approximately 3,526.97 hectares on the Montauban Property. The acquisition of the additional claims solidifies ESGold’s Montauban Property bundle, while expanding its exploration and mining potential. 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) 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. In addition, 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) « 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. Figure 1: Claims Limits of the Montauban property In other corporate news ESGold’s board of directors has decided to abolish the president position at the management level. In consequence, Brad Kitchen will no longer be president of ESGold Corp. Qualified Person The information contained in this press release have be...