ESGold (CSE: ESAU) (OTCQB: ESAUF) said it signed a binding memorandum of understanding with Planta Magdalena S.A.S. to form a joint venture to develop and reprocess fully permitted gold- and silver-bearing tailings in Bolívar, Colombia. ESGold will invest C$1.5 million for a 50% interest and hold a right of first refusal to acquire the balance within 12 months. The company said the venture expands its tailings-to-cash-flow model beyond Québec, with the potential to add a second high-margin operation by 2026 while delivering environmental remediation benefits in one of South America’s top gold-producing regions.
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About ESGold Corp.
ESGold Corp. (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) is a fully permitted, pre-production gold and silver mining company at the forefront of scalable clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its Montauban Gold-Silver Project toward near-term production while unlocking long-term value through strategic redevelopment, modern discovery tools, and sustainable resource recovery. Montauban, located 80 km west of Quebec City, represents a blueprint for cash-flow-generating legacy site redevelopment across North America.
NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF
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