ESGold Corp. Expands Montauban Footprint with Strategic 2,448 Hectare Claim Acquisition

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has announced a binding purchase agreement to acquire 44 additional mineral claims in the Montauban region of Québec, adding approximately 2,448 hectares to its existing land package. The company now controls 461 mining claims covering over 23,066 hectares, consolidating its position in this historically productive gold-silver district.

The acquisition, which involved a total consideration of $70,000 in cash and 600,000 common shares, is a key milestone for ESGold as it aims to unlock the full potential of Montauban and move toward production this year. The newly acquired claims are adjacent to the company’s existing properties and are believed to host prospective geology similar to the near-surface mineralization already identified on the main Montauban project.

“This strategic expansion strengthens our footprint in the Montauban camp and underscores our commitment to advancing this project rapidly,” said a company spokesperson. The additional claims provide ESGold with greater flexibility in designing its mining plan and accessing higher-grade zones that could enhance the project’s economics.

ESGold’s Montauban project is a past-producing mine with significant historical resources, and the company has been conducting exploration and engineering work to bring it back into production. The new claims cover areas that have seen limited modern exploration but show potential for additional gold-silver mineralization, based on historical data and recent geophysical surveys.

The company has been actively de-risking the project, completing a preliminary economic assessment and advancing permitting. With the expanded land position, ESGold is better positioned to optimize its mine plan and potentially increase the resource base. The acquisition also strengthens the company’s bargaining power with local stakeholders and regulators.

Investors can find more details about ESGold’s ongoing activities and the Montauban project in the company’s newsroom at https://nnw.fm/ESAUF. The news of the claim acquisition has been well-received by the market, reflecting confidence in ESGold’s strategy to consolidate and develop the Montauban camp.

The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close within 30 days. Upon completion, ESGold will hold one of the largest land positions in the region, providing a solid foundation for future growth and production.