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Production / Operations

Esgold to conduct due diligence at Planta Magdalena

By The Northwire Desk — AI Analysis Oct 08, 2025 · 18:25 ESAU · 0.95 Esgold Corp
ESAU · Price

Executive Summary

  • Esgold Corp.’s geological and metallurgical team has commenced on‑site validation and due diligence at the Planta Magdalena tailings project in Colombia, following the MOU signed on Aug. 20, 2025.
  • Bulk samples from both the Colombian site and the Montauban project in Quebec have been shipped to ALS Global for independent metallurgical testing; results are pending.
  • The field program will confirm historic tailings grades, assess infrastructure and logistics, evaluate exploration upside in the Bolivar concession, and complete technical due diligence to enable conversion of the MOU into a definitive joint‑venture agreement.

Key Details

  • Field Team Deployment: Geological and metallurgical specialists are on‑site to validate historic tailings grades, tonnage, and composition at Planta Magdalena.
  • Infrastructure Review: Evaluation of site logistics and processing throughput potential to integrate with Esgold’s clean‑mining model.
  • Exploration Assessment: Survey of surrounding Bolivar concession for additional mineralized zones and artisanal workings.
  • Technical Due Diligence: Completion of technical work aimed at supporting a definitive joint‑venture agreement replacing the existing MOU.
  • Bulk Sample Shipment: Samples from Colombia and Quebec sent to ALS Global (Val d’Or) for independent metallurgical analysis; on‑site testing also planned.
  • Metallurgical Testing Objective: Determine gold and silver recoveries under Esgold’s proprietary clean‑processing framework; results expected shortly.
  • Financing Status: Company remains fully financed, with no dilution anticipated while advancing the validation program and construction at Montauban (first production targeted for 2026).
  • CEO Comment: Gordon Robb emphasized transition from intent to execution, highlighting the importance of on‑ground data verification and pending lab results.

Notable Quotes

“With our technical team now on the ground in Colombia, we're moving from intent to execution… This marks an exciting step forward in Esgold's strategy to build a scalable, multijurisdictional platform for responsible gold and silver production.” – Gordon Robb, Chief Executive Officer

Qualified Person Statement: Technical content reviewed and approved by Andre Gauthier, P.Geo., director of Esgold, qualified under NI 43‑101.

Read the original news release →

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