ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has expanded its district-scale land position in Quebec's Montauban region through the acquisition of 44 mineral claims covering approximately 2,448 hectares. The company entered into two definitive agreements to acquire the claims, which surround its flagship Montauban Gold-Silver Project. The acquisitions, previously outlined in a memorandum of understanding, add prospective ground with historical gold, silver, copper and zinc mineralization, supporting ESGold's strategy of consolidating the broader Montauban mineralized corridor.
Under the terms of the agreements, ESGold 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. The company plans to 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.
The Montauban Gold-Silver Project is fully permitted and under construction, with production anticipated in 2026. ESGold describes itself as a fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. The company's dual-track strategy focuses on cash flow today and discovery tomorrow, building a platform for clean, sustainable growth and long-term shareholder value.
The expansion comes as ESGold continues to consolidate its position in the Montauban district, which hosts significant gold-silver mineralization. The additional claims provide the company with a larger footprint to explore for potential extensions of known deposits and new discoveries. By leveraging advanced geophysical techniques like Ambient Noise Tomography, ESGold aims to refine its targeting and reduce exploration risk.
For more information, the full press release is available at https://ibn.fm/iAVY5. The latest news and updates relating to ESAUF are available in the company's newsroom at https://ibn.fm/ESAUF.
