• Recent interviews with ESGold Corp. officers highlight the company’s strategy to build revenue through clean technology mine tailings reclamation that will build into an exploration project at a legacy site in Quebec
• Officers for the Canada-based gold and silver development company have presented investor updates on ESGold’s timeline for production in a variety of forums and interviews, most recently at Canada’s Metals Investor Forum
• ESGold’s Montauban Gold-Silver Project covers 265 mining claims across 13,116 hectares (about 32,410 acres) in Quebec, where the project site was mined for 90 years, and company officers say there is still more potential gold and silver at depth in a VMS structure
• The company anticipates beginning production on the tailings reclamation by year-end and working that for three years before expanding its operation

Pre-production gold and silver resource developer ESGold (CSE: ESAU) (OTCQB: ESAUF) has a positive outlook for the precious metals as company officers promote insights to its unique clean extraction model and revenue strategy, which is focused on its permitted asset in a Quebec historic resource.

“We’re totally different than every other junior resource company. We’re here to make money as well, and what we’re doing … first is going into production, and then doing our exploration,” ESGold President and Director Brad Kitchen said during a presentation at this month’s Metals Investor Forum in Vancouver (https://ibn.fm/I55Tr). “Basically, what we’re going to be doing is processing tailings, extracting silver and gold and mica. … And those tailings will bring in a revenue of about $35 million a year. That revenue will then help fund exploration. We’re not going to have to go to the market.”

Kitchen noted that most junior gold and silver resource companies begin by exploring a site and expanding once a feasibility study may help them move decisively toward production, but then prohibitive costs and other dilutive factors cause the companies’ values to drop off, creating a frustrating obstacle.

“So what you’re doing (with ESGold) is you’re combining the upside on the exploration plus the upside on the production, and there’s no downside,” he said.

The company will go into production before the end of the year at its Montauban Gold-Silver Project, which covers 265 mining claims across 13,116 hectares (about 32,410 acres).

“In any sort of mining project, the toughest thing to is to get the permits and then also get the community behind you,” Kitchen said. “So, (CEO and Director Paul Mastantuono) was able to do that and that allows us to go into production, literally as soon as Halloween.”

Total gold demand reached a record annual high last year as it continued to rebound in the wake of the COVID pandemic, according to the World Gold Council (https://ibn.fm/JwTec). Amid economic volatility during the first months of this year, gold’s appeal has continued to grow, with prices briefly touching $3,500 last month when anxiety over the United States’ trade tariff and interest rate policies reached a peak level (https://ibn.fm/7kjgw).

“I’m very bullish on gold and silver,” Kitchen told Canadian junior stock market investment podcast The Deep Dive at the time (https://ibn.fm/nXlnU). “Just in the fact that, with silver especially, you’re going to have to have that resource to help with all the electric vehicles, all the solar panels. But with gold itself, it still is that safe base. People still look at it as something that they can see tangible value.”

High-conviction silver investor Peter Krauth invited ESGold to present at the Metals Investor Forum and has identified ESGold as a standout story among junior gold-silver companies advancing toward production, underscoring the market interest in ESGold’s potential, according to a company news release (https://ibn.fm/gnxqc).

“About nine months ago, the company … had a $3 million market cap. It was trading maybe 5,000 to 10,000 shares a day,” Kitchen said during the Metals Investor presentation. “We’re now at $35 million market cap nine months from there. We’re trading about 250,00 to 300,000 shares a day. We’ve raised $5 million. All of that money has come from friends, family and some specific family trusts. So we haven’t gone to the brokerage community, we haven’t hit the institutional market yet.”

For more information, visit the company’s website at https://esgold.com.

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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