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ESGold Corp. (CSE:ESAU)(OTCQB:ESAUF) features low CapEx strategy with private placement and Ocean Partners agreement, targeting record gold prices. Fully fundedESGold Corp. (CSE:ESAU)(OTCQB:ESAUF) features low CapEx strategy with private placement and Ocean Partners agreement, targeting record gold prices. Fully funded

ESGold Corp. Advances Montauban Project with Low CapEx Strategy Amid Strong Gold Market

Author: Citybuzz

Source: Citybuzz

2026/05/22 03:03

2 min read

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ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) is advancing its Montauban Gold-Silver Project in Quebec with a low capital expenditure strategy, according to a recent article highlighting the company’s approach to funding and development. The strategy includes a private placement initiative and an agreement with Ocean Partners UK Ltd., which provides a credit facility and a dedicated buyer for gold and silver produced from the planned tailings cleanup operation.

Despite market fluctuations, gold has effectively doubled in value since January 2025 and is expected to remain at near-record levels in the coming months, benefiting companies positioned to provide supply for continued demand. ESGold is completing preparations for anticipated drilling operations at Montauban while simultaneously progressing toward mill construction and an expanded exploration footprint.

“We are fully funded to execute on this plan, and our focus is on disciplined execution across both development and exploration as we move through what we believe will be a very important period for the company,” ESGold CEO Gordon Robb stated in a news release.

The Montauban property, located 80 kilometers west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential. ESGold is a fully permitted, pre-production resource company focused on clean mining and exploration innovation.

The full article is available at this link. For the latest news and updates relating to ESAUF, visit the company’s newsroom at https://ibn.fm/ESAUF.

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The post ESGold Corp. Advances Montauban Project with Low CapEx Strategy Amid Strong Gold Market appeared first on citybuzz.

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