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ESGold Signs MOU for High-Grade Tailings Project in Colombia
Strategic JV Expands ESGold Portfolio with Second Permitted Project Aimed at Cash Flow, Growth and Remediation in South America VANCOUVER, BRITISH COLUMBIA / AC
About this update from Esgold Corp
[{"type":"text","content":" Strategic JV Expands ESGold Portfolio with Second Permitted Project Aimed at Cash Flow, Growth and Remediation in South America VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / August 20, 2025 / ESGold Corp. (\"ESGold\" or the \"Company\") (CSE:ESAU) (OTCQB:ESAUF) (FSE:Z7D) announced today that it has entered into a binding memorandum of understanding (MOU) with Planta Magdalena S.A.S. (\"Planta\"), a Colombian corporation, to form a joint venture for the development and reprocessing of fully permitted, gold- and silver-bearing tailings in the Department of Bolívar, Colombia. This strategic move represents a significant step in ESGold's plan to expand its tailings-to-cash-flow model beyond Québec, applying modern, environmentally responsible processing to legacy tailings in one of South America's most prolific gold-producing regions. The Company aims to generate high-margin, scalable production while delivering environmental remediation benefits and positioning itself for further growth across the Americas. Deal Highlights Structure & Consideration: ESGold will contribute C$1.5 million for a 50% JV interest and will hold a first right of refusal to purchase the remaining 50% within 12 months at fair market value determined by independent third-party appraisal. Permitting: Planta advises that it holds permits to commence tailings production. ESGold will conduct independent verification of all permits and licences as part of its due diligence prior to entering into a definitive agreement. Strategic Rationale: The Bolívar JV is designed to replicate ESGold's low-capex, high-margin tailings model developed at Montauban (Québec), while remediating legacy mine sites and improving environmental outcomes for local communities. Fast-Track Workplan: Preliminary due-diligence fire-assay sampling of tailings (27 samples) has been completed. Concentrate tests on the assayed tailings are being finalized at Montauban and will be shipped to ACTLABS in Val-d'Or for analysis. On-site geological and metallurgical visits are being scheduled to finalize the proposed circuit and recovery parameters. Path to Production: Subject to a definitive agreement, verification, and commissioning, the Company's objective is to add a second high-margin operation alongside Montauban, with a target start-up in 2026. \"Bolívar has a long and storied history as o...