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 were previously outlined in a memorandum of understanding. The acquisitions add prospective ground with historical gold, silver, copper and zinc mineralization, supporting ESGold's strategy of consolidating the broader Montauban mineralized corridor.
The company 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. ESGold 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.
The Montauban region has a history of mining activity, and ESGold's flagship Montauban Gold-Silver Project is under construction with production anticipated in 2026. The company is fully permitted and fully funded, advancing a scalable clean mining model across North and South America. With a dual-track strategy of cash flow today and discovery tomorrow, ESGold is building a platform for clean, sustainable growth and long-term shareholder value.
For more details on the acquisition, 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.
