(via TheNewswire)
The decision to initiate claims staking was based on the results of comprehensive and systematic geological surveys, including geophysical and geochemical analyses and preliminary exploration activities that have indicated significant mineralization within the region. One of the primary objectives of the company is to delineate the regional mineralization trends and identify potential targets for further exploration and development as well as to verify the immediate extension of the deposit at depth.
Reported historical past production from the Montauban Property includes 150,000 ounces of gold, and 7,000,000 ounces of silver as well as 109,000 metric tons of zinc and 37,000 metric tons of lead.(source:
The Montauban mines, known for their zinc and silver deposits, have not been systematically explored on a regional scale. This lack of in-depth exploration could be due to several factors, including but not limited to geographic constraints, limited financial resources, or a lack of interest in the past.
The Montauban deposits are primarily associated with massive sulfides, meaning that zinc and silver minerals are present in high concentrations in specific areas rather than disseminated. Historical results and past work clearly demonstrate the continued development of the property over the years. Underground workings include declines, shafts, and an extensive network of drifts on various levels. Additionally, of the many significant highlights on the property, the south strike zone contains near surface mineralised rock as well as the
"We are excited to embark on this phase of exploration as we believe it holds tremendous potential for uncovering valuable mineral resources." By strategically staking claims and leveraging advanced exploration techniques, we aim to unlock the full mineral potential of theregion while adhering to the highest environmental and social impact in the region. The acquisition of the additional claims solidifies ESGold’s Montauban Property bundle, while expanding its exploration and mining potential. These newly acquired claims are in line with the Company's objective of low capital cost production targets while positioning the Company for continued growth with the
As the development and exploration program progresses,
Other
The Company has granted to Officers and Directors a total of 2,575,000 restricted share units. All securities issued will be subject to a statutory hold period expiring in accordance with applicable securities legislation.
Pour une traduction française de ce communiqué de presse, veuillez visiter notre site Web àwww.esgold.com.
About the Company
For more information on
On behalf of the Board of Directors,
“Jean Yves Therien”
Chief Executive Officer
“John Stella”
Investor contact
Tel: +1 514-712-1532
Email:info@esgold.ca
This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.
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