ESGold Accelerates Expansion Plan with Colombia Validation
Rhea-AI Summary
ESGold (OTCQB:ESAUF / CSE:ESAU) mobilized geological and engineering teams to Colombia to validate high-grade tailings and exploration upside at the Planta Magdalena project following an MOU dated August 20, 2025. Bulk samples from Colombia and Quebec were shipped to ALS Global in Val-d'Or for independent metallurgical testing; on-site testing will finalize processing and recovery parameters. The company says it remains fully funded, continues Montauban construction targeting first production in 2026, and may convert the MOU into a definitive joint venture pending due diligence and lab results.
Positive
- Field team mobilized to Planta Magdalena for on-site validation
- Bulk samples from Colombia and Quebec shipped to ALS Global
- Company states it is fully funded to complete current initiatives
- Continued Montauban construction targeting first production in 2026
Negative
- Metallurgical and recovery results are pending from ALS Global
- MOU remains non-binding pending technical and commercial due diligence
- No mineral resources or reserves declared in this release
News Market Reaction 1 Alert
On the day this news was published, ESAUF gained 3.84%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Geological and engineering team mobilized to confirm high-grade tailings and exploration upside in Bolivar, bulk sample testing underway as Company positions for multi-jurisdictional growth.
VANCOUVER, BC, BC / ACCESS Newswire / October 8, 2025 / ESGold Corp. ("ESGold" or the "Company") (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) is pleased to announce that its geological and engineering team has departed for Colombia to begin on-the-ground validation and due diligence at the Planta Magdalena Project. The field program follows the recently signed Memorandum of Understanding ("MOU") announced on August 20, 2025, and represents the next step in confirming the site's high-grade tailings potential and broader exploration upside in the Bolívar region.
This visit underscores ESGold's commitment to disciplined technical validation before advancing any transaction and aligns with its strategy of building a scalable, cash-flow-first clean mining platform across the Americas.
Validation and Technical Program Objectives
The Company's field team, which includes both geological and metallurgical specialists, will focus on:
Confirming historic tailings grades and verifying the estimated tonnage and composition of material at the Planta Magdalena site.
Evaluating site infrastructure and logistics to determine throughput potential and integration within ESGold's processing and clean-mining model.
Reviewing exploration upside within the surrounding Bolívar concession area, where historical reports indicate multiple mineralized zones and extensive artisanal workings.
Finalizing technical due diligence to support the potential transition of the MOU into a definitive joint-venture agreement.
Bulk Samples and Metallurgical Testing
ESGold also confirms that bulk samples from both Colombia and Quebec have been shipped to ALS Global in Val-d'Or for independent metallurgical analysis. On-site geological and metallurgical work will also be conducted to finalize the processing circuit and recovery parameters in preparation for site commissioning.
Results are expected shortly and will play a key role in confirming gold and silver recoveries under ESGold's proprietary clean-processing framework.
Gordon Robb, CEO of ESGold, commented:
"With our technical team now on the ground in Colombia, we're moving from intent to execution. This is the critical phase where we validate the data firsthand. From confirming grades and metallurgy to evaluating site infrastructure and broader geological potential. We're also eagerly awaiting lab results confirming concentrate results for both Colombia and Quebec samples, which will help verify the metallurgy behind our clean-processing model. This marks an exciting step forward in ESGold's strategy to build a scalable, multi-jurisdictional platform for responsible gold and silver production."
Why This Matters to Investors
Next step toward expansion: On-site validation at Planta Magdalena advances the MOU announced this past August toward a definitive partnership.
Tangible progress: Bulk samples from Colombia and Quebec are in the lab, with results pending to verify recoveries and support near-term production readiness.
Exploration upside: Field teams will also assess the potential for district-scale mineralization within the broader Bolívar region.
Execution without dilution: ESGold remains fully funded to complete these initiatives while continuing construction at Montauban, targeting first production in 2026.
The Colombia validation program represents a major point in the Company's evolution into a diversified, cash-flow-generating precious metals company. By combining clean reprocessing of legacy materials with systematic exploration of under-tested districts, the Company continues to advance a model built on efficiency, scalability, and shareholder value. Updates on fieldwork progress and metallurgical results from both jurisdictions will be shared as data becomes available.
Qualified Person Statement
The technical content of this news release has been reviewed and approved by André Gauthier, P.Geo., a Director of ESGold and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Sampling described herein was conducted for due-diligence screening; independent verification, QA/QC, and systematic work remain outstanding. No mineral resources or reserves are declared.
About ESGold Corp.
ESGold Corp. (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) 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 Quebec is under construction with production anticipated in 2026. ESGold is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. With a dual-track strategy of cash flow today and discovery tomorrow, ESGold is building a platform for clean, sustainable growth and long-term shareholder value.
For more information, please contact ESGold Corp. at +1-888-370-1059 or visit esgold.com for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces.
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For further information or to connect directly, please reach out to Gordon Robb, CEO of ESGold Corp. at gordon@esgold.com or call 250-217-2321.
On behalf of the Board of Directors
ESGold Corp.
Paul Mastantuono
Chairman & COO
info@esgold.com
+1-888-370-1059
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding exploration activities, technical validation, project development timelines, and potential outcomes of the Company's Colombia initiative. Forward-looking information is based on reasonable assumptions believed to be current but involves known and unknown risks and uncertainties that may cause actual results to differ materially. Historical data referenced herein is not current, has not been independently verified by ESGold, and should not be relied upon for investment decisions. ESGold disclaims any obligation to update or revise forward-looking information except as required by law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release
SOURCE: ESGold Corp
View the original press release on ACCESS Newswire
FAQ
What is ESGold announcing about Planta Magdalena (ESAUF) on October 8, 2025?
Where were ESGold's bulk samples from Colombia and Quebec sent for testing?
Does the August 20, 2025 MOU for Planta Magdalena mean a finalized deal for ESAUF?
How will the Colombia validation affect ESGold's production timeline for ESAUF?
Has ESGold declared mineral resources or reserves for Planta Magdalena (ESAUF)?
