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, previously outlined in a memorandum of understanding, add prospective ground with historical gold, silver, copper and zinc mineralization and support the company’s strategy of consolidating the broader Montauban mineralized corridor.
The acquisitions provide ESGold with 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 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 strategic expansion underscores ESGold's commitment to building a significant land package in the Montauban district, a region with a history of polymetallic mineralization. The company's flagship Montauban Gold-Silver Project is under construction with production anticipated in 2026, and the new claims are expected to enhance the project's resource potential and exploration upside.
For more details, 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.
