ESGold Signs Non-Binding MOU to Assess Reuse of Up to 300,000 Metric Tonnes of Mine Residue Annually
ESGold will assess whether treated residue from its Québec project could be used as aggregate, but deliveries remain conditional on testing, approvals and a definitive agreement.
ESGold Corp. (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) has signed a non-binding Memorandum of Understanding with Culture H. Dolbec Inc. to assess the potential reuse of treated mining residue from the Montauban Gold-Silver Project in Québec. The proposed evaluation covers up to 300,000 metric tonnes annually for possible use as aggregate.
The companies intend to examine whether neutralized residue produced at Montauban could be supplied for potential construction applications. ESGold says the initiative could provide an additional revenue stream alongside its planned recovery of gold and silver at the project.
The MOU is a general understanding rather than a binding supply agreement. It does not establish pricing or minimum purchase commitments.
Any definitive terms and deliveries under the MOU remain subject to material characterization, environmental testing, applicable regulatory approvals and the execution of a definitive agreement between ESGold and Culture H. Dolbec Inc. The announcement does not establish that the material has been approved for a specific construction use.
Historic mining in the Montauban region left tailings stored at surface. ESGold says these residues contain metals and sulphide-bearing minerals that may present environmental risks if they remain unmanaged.
The company’s planned processing operation is designed to recover remaining gold and silver from the historic tailings. ESGold also plans to treat, neutralize and stabilize the material through a closed-circuit processing system and subsequent residue treatment.
According to the company, the intended process could reduce risks associated with the historic deposits and produce a stable material for potential beneficial reuse. The company is evaluating reuse rather than simply moving the historic waste to another permanent storage location.
ESGold describes itself as a fully permitted, fully funded, pre-production mining company. Its flagship Montauban Gold-Silver Project is under construction, with the company pursuing planned gold and silver production while also evaluating district-scale exploration potential.
ESGold’s announcement includes forward-looking information about the MOU and its development and exploration activities. The company cautions that outcomes may be affected by environmental and regulatory risks, project cost overruns or unanticipated costs, funding availability, delays or interruptions, and the receipt and maintenance of required permits and approvals.
ESGold Corp. announced that it had signed a non-binding Memorandum of Understanding with Culture H. Dolbec Inc. to evaluate the potential supply and beneficial reuse of up to 300,000 metric tonnes annually of neutralized mining residue from the Montauban Gold-Silver Project in Québec.
The MOU covers evaluating the use of treated mining residue as aggregate for potential construction applications. It is described as a general understanding between the parties and is not binding.
The MOU concerns the potential supply and beneficial reuse of up to 300,000 metric tonnes annually of neutralized mining residue from ESGold Corp.'s Montauban Gold-Silver Project in Québec.
Definitive terms and deliveries are subject to material characterization, environmental testing, applicable regulatory approvals and the execution of a definitive agreement between ESGold Corp. and Culture H. Dolbec Inc.
No pricing or minimum purchase commitments have been established under the MOU. The agreement therefore does not set those commercial terms.
ESGold Corp. says its Montauban processing operation is designed to recover remaining gold and silver from historic tailings while treating, neutralizing and stabilizing the residual material. The planned operation uses a closed-circuit processing system and subsequent residue treatment.
ESGold Corp. and Culture H. Dolbec Inc. intend to evaluate whether the treated mining residue can be used as aggregate for potential construction applications. The source does not establish that the material has been approved for a specific construction use.
ESGold Corp. says the project is intended to address historic mine tailings stored at surface by recovering gold and silver and treating the residual material. The company says this process aims to reduce environmental risks associated with the historic deposits and produce a stable, environmentally suitable aggregate for potential beneficial reuse.
ESGold Corp. describes the potential aggregate use as an opportunity for an additional revenue stream alongside its planned gold and silver recovery operations at Montauban. No pricing or minimum purchase commitments have been established under the MOU.
Gordon Robb said the MOU was a step in ESGold Corp.'s vision for Montauban, involving the recovery of remaining precious metals, the neutralization and stabilization of waste, and its potential transformation into construction material. He also said the company's goal was for the process to benefit the community and shareholders.
ESGold Corp. describes itself as a fully permitted, fully funded, pre-production mining company advancing a clean mining model across North America. Its flagship Montauban Gold-Silver Project in Québec is under construction, with a strategy focused on advancing towards gold and silver production while evaluating district-scale exploration potential.
ESGold Corp. is listed on the Canadian Securities Exchange under CSE:ESAU, on the OTCQB under OTCQB:ESAUF and on the Frankfurt Stock Exchange under FSE:Z7D.
The parties are to evaluate the potential supply and beneficial reuse of the neutralized residue. Further progress depends on material characterization, environmental testing, applicable regulatory approvals and the execution of a definitive agreement.
ESGold Corp. cautions that forward-looking information about the MOU and its development and exploration activities involves known and unknown risks and uncertainties, including environmental and regulatory risks, project cost overruns or unanticipated costs, availability of funds, delays or interruptions, and the receipt and maintenance of required permits and approvals. The company says actual results and developments may differ materially from those expressed or implied by the forward-looking statements.