ESGold acquires Montauban claims, Québec
ESGold Corp. [CSE: ESAU; OTCQB: ESAUF; FSE: Z7D] reported that, following the successful completion of due diligence, it has entered into two definitive purchase agreements from arm’s length parties to acquire 44 mineral claims covering approximately 2,448 hectares in the Montauban region of Québec.
The acquisitions, previously announced under a Memorandum of Understanding on May 5, 2026, further strengthen ESGold’s district-scale land position surrounding its Montauban Gold-Silver Project and provide the Company with additional exposure to a historically mineralized geological corridor extending beyond the project’s previously established boundaries.
The acquired mineral claims include areas near Lac Viking, Lac Lanctôt and Lac Charlie, where historical exploration identified gold, silver, copper and zinc mineralization within deformed gneissic and metasedimentary rocks.
Reported historical exploration highlights from the acquired claim areas include 1.65 g/t gold over 7.27 metres, including 3.42 g/t gold over 2.68 metres, in historical drill hole 93-24; 5.48% zinc, 0.36% copper, 0.35 g/t gold and 6.8 g/t silver over 3.15 metres in historical drill hole 097-91-19; 1.67 g/t gold over 1.47 metres in historical drill hole TR-15-01; and Channel samples reporting 3,447 ppm copper and 2,615 ppm copper over one metre.
These historical results demonstrate the broader polymetallic character of the Montauban district and support ESGold’s strategy of consolidating prospective ground around its flagship project. The results are historical in nature, have not been independently verified by the Company and will require confirmation through modern exploration.
As ESGold continues evaluating the broader mineralized system across the Montauban district, the newly acquired claims increase the company’s ability to assess prospective structures and geological horizons across the district.
Historical exploration indicates that mineralization in the area may occur within structurally controlled sulphide lenses and disseminations hosted within deformed stratigraphy, supporting the company’s evolving interpretation of a broader mineralized system. The company believes the acquired ground provides an opportunity to evaluate potential extensions of known mineralized trends, test the continuity of the broader mineralized system, and identify additional targets using modern geological and geophysical techniques.
ESGold is currently integrating regional geological, geochemical and geophysical information, including data generated through its district-scale Ambient Noise Tomography program, into an evolving 3D geological model designed to further define the broader Montauban mineral system.
The expanded land position from the acquisitions provides the company with greater flexibility to evaluate structural intersections, prospective lithological contacts and potential continuations of mineralization along strike and at depth, supporting a systematic district-scale exploration strategy.
“Completing these two definitive agreements secures an important extension of our land position across a historically mineralized portion of the Montauban district,” said Gordon Robb, CEO of ESGold. “The historical gold, silver, copper and zinc results demonstrate that the opportunity at Montauban extends beyond the areas that have traditionally received the most attention. As we continue integrating our geological, geochemical and geophysical datasets, this additional ground gives us a larger and more compelling platform from which to systematically evaluate the district’s exploration potential.”
Under the two definitive agreements, ESGold will acquire a 100% interest in the 44 mineral claims for aggregate consideration consisting of $70,000 in cash; and 600,000 common shares of ESGold.
Of the common shares to be issued, 200,000 common shares will be issued at a deemed price of $0.50 per common share and 400,000 common shares will be issued at a deemed price of $0.55 per common share.
The acquisitions are being completed on a 100% basis with no retained royalty. Closing of the acquisitions may occur in one or more stages and remains subject to the satisfaction of the conditions contained in the definitive agreements, including completion of the applicable mineral claim transfers and approvals of Canadian Securities Exchange. No finders’ fees were paid as part of the acquisitions.
ESGold Corp. is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. The company’s flagship Montauban Gold-Silver Project in Québec is under construction with production anticipated in 2026.