CSE: ESAU

Discussion in 'Canadian Stocks Message Boards' started by Rickydi, Jan 29, 2025 at 3:59 PM.

  1. Rickydi

    Rickydi Active Member

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    Website : https://esgold.com/
    Status: Production startup in progress
    Past producer : Muscocho mines

    LOCATION : MONTAUBAN IN PORTNEUF 90 minutes drive on asphalted highway from Montreal or Quebec city

    The play: with the blessingof the municipality ESAU have all permits to reprocess old tailings containing Au, Ag and Mica

    The mineral resources estimation for the Montauban and the Notre-Dame-de-Montauban

    Montauban tailings Au (g/t) Ag (g/t) AuEq (g/t) Tonnes Au Oz Ag Oz AuOz eq
    Indicated 0.40 31 0.78 603 700 7 800 610,350 15 000
    Inferred 0.34 28 0.67 292 000 3 150 258 900 6 400

    Notre-Dame-de-Montauban tailings
    Au (g/t) Ag (g/t) AuEq (g/t) Tonnes Au Oz Ag Oz AuOz eq
    Inferred 1.21 137 2.84 27 300 1 050 120 200 2 500

    Total Indicated 0.40 31.45 0.77 603 700 7 800 610 350 15 000
    Total Inferred 0.41 36.93 0.87 319 300 4 200 379 100 8 900

    Near Surface Potential 1M+ tons
    Based on Historical independent reports NI 43-101 (J. Marchand) 2003 )
    Gold Silver
    3.6 g/t+ 29 g/t+
    125,000 oz Au 817,000 oz Ag

    On site now ...all buildings, all processing equipment, water, Hydro Power road access
    Financing is progressing when done it will take less than 24 m onths to generate an after tax of 20,000,000$ +

    After the tailings we still have small veins that were no economical 15 years ago but now with current Au & Ag price it is economical
    all these vains are well identified in the 43-101 report and PEA report

    Fully diluted S/O 59,000,000
    GLTA....
    Stock in my view is a great buy not many opportunities like that..DO YOUR DD
     

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