Esgold expands Montauban property by 7,668 ha

Executive Summary

• Esgold Corp. has staked 144 new mining claims totaling approximately 7,668 hectares around its Montauban project in Quebec, expanding its total land position to 417 claims (20,618 hectares).
• The expansion was driven by a newly completed 3-D geological model (ANT-based) that identified a deep, district-scale mineralized corridor extending to ~900 meters depth and over 2 kilometers of strike, significantly beyond the historical mined footprint.
• The company plans to advance a significantly expanded ANT survey (approx. 70 sq km) and a targeted stepout diamond drilling program to test the newly acquired ground, while simultaneously advancing the Montauban tailings project toward near-term production expected in 2026.

Key Details

• New Staking: 144 mining claims added, totaling ~7,668 hectares.
• Total Land Position: Now controls 417 mining claims covering ~20,618 hectares (206 square kilometers), described as the largest contiguous mineral tenure held by a single company in the Montauban region.
• Geological Driver: Expansion follows an ANT-based 3-D geological model identifying a deep, laterally extensive anomaly suggesting a mineralized corridor extending to ~900 meters depth and >2 kilometers of strike, remaining open beyond the existing survey area.
• Strategic Rationale: To secure control over potential extensions of the mineral system along interpreted structural and lithological trends, covering areas considered prospective for along-strike extensions, parallel/stacked horizons, and structural corridors.
• Next Phase Exploration:
  • Expanded ANT survey covering ~70 square kilometers to assess scale and continuity.
  • Integration of ANT results with existing geological, geochemical, and structural data.
  • Targeted stepout diamond drilling program focused on high-priority targets.
• Production Context: Montauban near-term production (tailings project) is expected to begin in 2026.
• Historical Production: Reported historical production from Montauban includes ~150,000 oz gold, 7 million oz silver, 109,000 tonnes zinc, and 37,000 tonnes lead.
• Technical Review: Content reviewed by Andre Gauthier, PGeo (Director and Qualified Person). No mineral resources or reserves are declared.

Notable Quotes

• Gordon Robb, CEO: "The recently completed 3-D geological model fundamentally changed our understanding of Montauban and underscored the importance of securing control over the broader geological system. While we remain hyperfocused on advancing Montauban toward near-term production of our tailings project, we are moving exploration forward in tandem, recognizing the opportunity to create value on two tracks simultaneously."
• Gordon Robb, CEO: "The addition of nearly 76 square kilometres of strategically positioned ground around Montauban is aimed at providing the scale necessary to properly evaluate the potential extent of the mineralized corridor identified by the model and to ensure we are not constrained by the historical boundaries as we systematically assess what Montauban may ultimately become."