ESGold Forms Joint Venture for Gold Tailings Project in Colombia

ESGold Corp has signed a binding memorandum of understanding with Planta Magdalena S.A.S. to create a joint venture for a tailings project in Bolívar, Colombia. This move marks ESGold's strategic expansion from Québec, leveraging its tailings-to-cash-flow model in South America. The aim is to apply modern, environmentally responsible technologies to legacy tailings, improving yields and delivering environmental benefits.

ESGold will invest C$1.5 million for a 50% stake in the venture, with an option to purchase the remaining interest. The company plans to validate and analyze the permits held by Planta as part of the due diligence process. Thirty tailings samples have been analyzed, showing promising results with significant gold and silver content.

The Bolívar project aligns with ESGold's strategy of developing high-margin, scalable operations across the Americas, creating a balance of stability and growth for shareholders.