ESGold Unlocks Golden Opportunity: High-Grade Tailings Project Set to Revolutionize Colombian Operations

ESGold (CSE: ESG) (OTCQB: ESGOF) (Frankfurt: N8F) is thrilled to announce a significant stride in its growth strategy, having officially signed a Memorandum of Understanding (MOU) for an exciting high-grade gold tailings project in Colombia. This pivotal agreement marks a new chapter for the company, focusing on innovative and cash-flow generative ventures.

The MOU outlines ESGold's intent to partner with a private Colombian entity to acquire and process historical high-grade gold tailings.

This isn't just any gold resource; these tailings are anticipated to yield an impressive average of 10-15 grams per tonne (g/t) of gold. Such high grades from a historical waste product represent an incredibly efficient and potentially lucrative path to gold production.

Under the terms of the MOU, the partnership will also secure an existing processing plant, with the potential to ramp up operations to handle 500 tonnes per day.

The financial structure is designed for mutual benefit, with a 50/50 net profit split on all gold produced from the project. This equitable arrangement underscores the shared commitment to maximizing the project's profitability.

This venture aligns perfectly with ESGold's strategic vision: to identify and invest in projects that offer a clear, rapid pathway to positive cash flow.

By focusing on high-grade tailings, the company can bypass many of the capital-intensive and time-consuming stages typically associated with traditional hard rock mining, such as extensive exploration and initial mine development. This approach allows for a significantly quicker turnaround from agreement to production.

A critical 30-day due diligence period has been set, during which both parties will finalize the technical and commercial details before moving to a definitive agreement.

ESGold is optimistic about the prospects of this collaboration, seeing it as a cornerstone for sustainable growth and a robust revenue stream in the dynamic Colombian mining landscape.