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ESGold Corp C.ESAU

Alternate Symbol(s):  SEKZF

ESGold Corp is a Canada-based resource exploration and processing company. The Company’s advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Its principal restoration and recovery project is the Montauban property situated in Quebec, just 80 kilometers west of Quebec City. The mineral claims comprising the Montauban property (the Property) are located in southern Quebec, 120 kilometers (km) west of Quebec City and 80 km northeast of Trois-Rivieres. It holds approximately 226 mining claims totaling approximately 10,830 hectares on the Montauban Property. The Eagle River Property consists of approximately 141 mineral claims located in the north-western limit of the Mauricie area in Quebec Province, totaling approximately 7,972 hectares. It holds a 50% interest in the Ottawa River Project.


CSE:ESAU - Post by User

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Comment by allain250on Aug 27, 2017 2:12pm
55 Views
Post# 26626193

RE:RE:RE:RE:RE:RE:Looks like by next week 6 holes will be drilling

RE:RE:RE:RE:RE:RE:Looks like by next week 6 holes will be drilling Surface mineralization was first found between 1936 and 1939.  Visible gold in quartz veins with minor chalcopyrite, pyrite and sphalerite was observed in both vertical and sub-horizontal vein systems associated with a large shear zone called the Duvay Fault.  In 1947, a shaft was sunk to 35 m and 275 m of underground drifting was completed in order to further study the spectacular gold mineralization first encountered at surface.  In 1985, Socit Minire Sphinx Inc. acquired the property and in 1986 completed 17,000 m2 of stripping, 1,500 m of diamond drilling and took 3 bulk samples totalling 3,302 t which returned results at an average grade of 5.67 gpt Au.  Due to difficulty in assessing the erratic free gold and vein systems, Sphinx completed another 65,700 m2 of stripping, performed 3,200 m of percussion drilling (1,040 holes), 7,718 m of diamond drilling (40 holes) and a series of 75 bulk samples, totalling approximately 20,000 m3, in 1987.  In 1990, Sphinx mined and processed by heap leach, a 40,000 t bulk sample which was reported to grade 1.7 g (unconfirmed) from an open pit located just north of the Globex-optioned claims but within the same geological horizon.  11.3 kg of gold was recovered.  An historic mineral resource estimate published by Sphinx reported approximately 6.5 Mt grading 2.06 g^pt Au. This estimate was completed prior to the application of NI 43-101 and is considered an historic resource..
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