Latest news with #AmbientNoiseTomography
Miami Herald
5 days ago
- Business
- Miami Herald
ESGold Explores Growth Strategy to Scale Tailings-to-Cash-Flow Model Across the Americas
Construction advancing at Montauban as Company evaluates broader tailings pipeline across the Americas VANCOUVER, BC / ACCESS Newswire / August 7, 2025 / ESGold Corp. ("ESGold" or the "Company") (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D), a clean gold and silver development company, is pleased to provide an update on its scalable growth strategy, rooted in a replicable tailings-first development model designed to deliver near-term production, fund exploration internally, and minimize environmental impact across legacy mine sites in the Americas. Key Highlights ESGold advancing construction of its fully permitted Montauban Project in Quebec, with near-term gold and silver production from tailings on track for 2026Recent passive seismic imaging confirms possible district-scale geology at Montauban, validating exploration upside alongside cash-flow potentialCompany actively evaluating legacy tailings opportunities across North and South America to replicate its clean, high-margin production modelTailings reprocessing represents a largely untapped multi-billion-dollar opportunity across over 500,000 historic mining sites in North America aloneScalable, low-capex approach offers a more efficient path to cash flow and discovery than traditional "explore, raise, dilute" aligns with market appetite for clean, short-term cash-generating assets in the resource sector Construction at the Company's flagship Montauban Project in Quebec is well underway, with initial production from gold- and silver-bearing tailings targeted for 2026. While tailings reprocessing will serve as a cash-generating engine for ESGold, recent passive seismic and academic findings have possibly confirmed the presence of a deeper, vertically extensive mineralized system. With more than 2,500 metres of strike length and over 1,200 metres of vertical continuity now interpreted through advanced Ambient Noise Tomography (ANT) imaging, Montauban is emerging as a highly prospective, multi-lens, possible district-scale gold-silver system. "There's an enormous untapped economic and environmental opportunity here," added Paul Mastantuono, COO and Chairman. "With permitting in place and construction advancing at Montauban, we're proving that sustainable, scalable, clean mining is not only possible - it's happening. We're turning tailings into a potential resource and using that foundation to explore for something much bigger." This dual opportunity-clean, low-cost production with possible district-scale exploration upside-is the foundation of ESGold's growth strategy. A Scalable Opportunity Across the Americas Legacy tailings sites represent one of the most overlooked opportunities in modern mining. According to U.S. environmental data, there are more than 500,000 abandoned mine sites in North America, many of which contain unevaluated tailings piles with residual precious and base metals. In South America, the number is even larger, as decades of small- to mid-scale mining operations have left behind extensive tailings volumes across gold-rich regions of Peru, Bolivia, Colombia, and Chile. Most of these sites have never undergone systematic exploration, modern mineralogical analysis, or high-resolution geophysics. They also carry legacy environmental liabilities for landowners, municipalities, and governments - liabilities ESGold's model is uniquely positioned to solve. ESGold is currently evaluating tailings projects in multiple jurisdictions with the intent to replicate its Montauban blueprint: low-capex processing of tailings to generate cash flow, which is then used to fund high-quality exploration and development activities. This model, once proven at Montauban, is designed to scale quickly across jurisdictions. "The traditional exploration model has eroded more capital than it's created," said Gordon Robb, CEO of ESGold Corp. "Our approach reverses that equation. We begin with production - monetizing what others left behind - then reinvest from a position of strength into exploration. Montauban is our proof-of-concept. We believe this model can scale to dozens, even hundreds of other tailings sites across the Americas and elsewhere." What's Next for ESGold Construction continues at Montauban with initial tailings production anticipated in 20263D geological model incorporating ANT data, historic drilling, and structural interpretation is underway to refine drill targetsConcentrate assays from pre-production sampling are pending and expected to be released shortlyThe Company is evaluating expansion opportunities across North and South America to replicate its production-first development modelUpdated Preliminary Economic Assessment (PEA) expected to reflect current commodity prices, revised inputs, and enhanced project economics A Smarter, Cleaner Growth Path for Mining ESGold's business model aligns with what institutional capital increasingly demands from the resource sector: scalable, predictable cash flow and responsible development. In contrast to traditional resource companies that rely on speculative exploration, repetitive dilution, and decade-long development timelines, the Company's strategy puts production first - creating revenue, reducing risk, and unlocking discovery potential along the way. As global attention turns to modernizing mining practices and cleaning up the sector's legacy, ESGold is positioned at the intersection of economic performance and environmental responsibility. With Montauban leading the way, the Company is actively seeking to build a replicable platform to clean up yesterday's mines, produce today's cash flow, and unlock tomorrow's discoveries. Qualified Person Statement The technical content of this release has been reviewed and approved by André Gauthier, and P. Eng, a Director of ESGold and Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Other Corporate News In other Company business, the Board of Directors is pleased to announce the issuance to consultants and officer of 1.85 million options to purchase one (1) ESGold common share for a price of $1.36 for a period of five (5) years. The issuance of these options is subject to regulatory vesting provisons and subject to approval from the CSE. About ESGold Corp. (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) is a fully permitted, pre-production gold and silver mining company at the forefront of scalable clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its Montauban Gold-Silver Project toward near-term production while unlocking long-term value through strategic redevelopment, modern discovery tools, and sustainable resource recovery. Montauban, located 80 km west of Quebec City, represents a blueprint for cash-flow-generating legacy site redevelopment across North America. For more information, please contact ESGold Corp. at +1-888-370-1059 or visit for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces. Stay connected by following us on X (formerly Twitter), LinkedIn, and joining our Telegram channel. For further information or to connect directly, please reach out to Gordon Robb, CEO of ESGold Corp. at gordon@ or call 250-217-2321. On behalf of the Board of DirectorsESGold Corp."Paul Mastantuono"Chairman & COOinfo@ Cautionary Note Regarding Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding future production, cash flow, exploration results, project economics, and permitting. Forward-looking information is based on reasonable assumptions that management believes are current but involve known and unknown risks and uncertainties that may cause actual results to differ materially. These risks are detailed in the Company's public filings on SEDAR+. Readers are cautioned not to place undue reliance on such statements. ESGold disclaims any obligation to update or revise any forward-looking information, except as required by law. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. SOURCE: ESGold Corp.
Hamilton Spectator
24-07-2025
- Business
- Hamilton Spectator
Vortex Energy Receives Government Approval for Ambient Noise Tomography (ANT) Survey at Robinsons River Salt Project
VANCOUVER, British Columbia, July 24, 2025 (GLOBE NEWSWIRE) — Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) ('Vortex' or the 'Company') is pleased to announce that it has received formal approval from the Government of Newfoundland and Labrador to proceed with its planned Ambient Noise Tomography (ANT) geophysical survey on the Company's 100%-owned Robinsons River Salt Project. The Letter of Acceptance, issued by the Mineral Lands Division of the Department of Industry, Energy and Technology, authorizes Vortex to conduct the ANT survey across the Robinsons River Salt Property. 'We're excited to initiate this next phase of exploration at Robinsons River,' said Paul Sparkes, CEO of Vortex Energy. 'The ANT survey is anticipated to provide subsurface imaging to guide our understanding as to potential salt dome geometry and identify high-priority drill targets for future evaluation.' Qualified Person The scientific and technical content of this news release has been reviewed, verified, and approved by Jared Suchan, Ph.D., VP of Exploration at the Company, and a 'Qualified Person' as defined by National Instrument 43-101. For a discussion of the Company's QA/QC and data verification processes and procedures, please see the Company's technical report entitled, Independent Technical Report on the Robinsons River Salt Property dated July 31, 2023, a copy of which may be obtained under the Company's profile at . About Vortex Energy Corp. Vortex Energy Corp. is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in North America. The Company is currently advancing its Robinson River Salt Project comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear kms south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region renowned for its uranium deposits. On Behalf of the Board of Directors Paul Sparkes Chief Executive Officer, Director +1 (778) 819-0164 info@ Cautionary Note Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Company's exploration plans at the Project. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the Company's ability to execute on its exploration plans, including that it will be successful in carrying out the planned drilling and that such drilling will yield the expected information and the desired outcomes. Although forward-looking information is based on the reasonable assumptions of the Company's management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that exploration at the Project does not proceed in the manner and on the timeline currently contemplated, or at all; risks inherent in the exploration and development of mineral deposits, including risks relating to receiving requisite permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project; and that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company, including as a result of factors beyond the Company's control, such as geological conditions. The forward-looking information contained in this release is made as of the date hereof, and the Company not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this press release.
Yahoo
03-04-2025
- Business
- Yahoo
SRQ Resources Receives ATI-7 Authorization for Drilling at Lac Brennan
Airborne Gravimetry Survey Identifies Significant Target MONTREAL, April 03, 2025 (GLOBE NEWSWIRE) -- SRQ Resources Inc. ('SRQ' or the 'Company') (TSX-V: SRQ) is pleased to announce that it has received its 'Autorisation d'Exploration à Impact' ('ATI-7'), granting exploration rights across all 42 claims covering 24.8 km² at the Lac Brennan project in Quebec. In April 2024, SRQ commissioned Xcalibur Multiphysics ('MPH') to conduct a 977 km-line airborne gravimetry survey at its Lac Brulé and Lac Brennan projects. The survey identified prime gravity targets at both locations, interpreted as potential ultramafic rock assemblages with the capacity to host base metals such as copper and nickel. At Lac Brennan, the airborne gravimetry survey delineated a large gravity anomaly at the center of the property (Figures 1 & 2), reinforcing its exploration potential. Key Highlights: The Lac Brennan property is situated 50 kilometers ('km') southeast of SRQ's flagship Lac Brulé project and 20 km southwest of the historic Lac Renzy nickel-copper mine. The primary target at Lac Brennan is a substantial gravitational anomaly measuring 4 km by 3 km, starting approximately 400 meters ('m') below the surface. The Company received its ATI-7 authorization on February 13, 2025, covering the entire 42-claim property. "Securing the ATI-7 marks a key milestone for SRQ at Lac Brennan, enabling us to advance exploration in this highly prospective region." said Dr. Marc-Antoine Audet, Ph.D., CEO and President of SRQ. "Our airborne gravimetry survey has identified a significant gravity anomaly, further validating the strong potential for base metal mineralization. We are eager to move into the next phase of exploration and unlock the full value of this asset. As part of this effort, we are evaluating the Lac Brennan target for an initial borehole in Q3 or Q4 of 2025 while also assessing additional anomalies that could represent new prospective zones." Dr. Marc-Antoine Audet, CEO and President of SRQ, continued 'The gravity anomaly at Lac Brennan closely resembles the gravity response defining the substantial 'Target 900' at the Lac Brulé project, as illustrated in cross-sections from both properties (Figures 2-5).' SRQ's Exploration program Q2 & Q3-2025 The use of proceeds from the successfully oversubscribed private placement closed on March 24, 2025, will include an Ambient Noise Tomography ('ANT') survey using Quebec-based CAUR Technologies at Lac Brulé's Target 900 in May followed by a 4,000 metre ('m') drilling program starting by mid-June 2025. SRQ is also looking for additional base metal opportunities. Figure 1: The April 2024 MPH gravimetry survey response at the Lac Brennan property located 50 km SE of the flagship Lac Brulé property and its highly prospective 'Target 900' and 20 km SW of the former Lac Renzy nickel-copper mine. The figure below presents cross-sections A-A' and B-B', the core of the Lac Brennan gravity 2 and 3: Cross-sections A-A' (top) and B-B' (bottom) (ref to Figure 1) from the Lac Brennan survey, highlighting the high-density gravity core as a prime drilling target. Figures 4 and 5: Gravimetry response of 'Target 900' at Lac Brulé, with cross-sections A-A' (top) and B-B' (bottom). Insider Participation in March Private Placement With respect to the March 25, 2025 press release regarding the closing of C$2.4 million non-brokered private placement of hard dollar units and flow-through shares, four insiders participated in the private placement, subscribing for 417,000 hard dollar units and 361,111 flow-through shares. Quality Control The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, Ph. D geology, P. Geo and President and CEO of SRQ Resources, and a 'Qualified Person', as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. About SRQ Resources Inc. SRQ is a Canadian-based metals company exploring for nickel, copper and platinum in the province of Québec. SRQ owns 1,173 exploration claims in the province of Québec including Lac Brulé and Lac Brennan covering 243 km² and 25 km² respectively of virgin exploration ground at only six-hour drive from Montréal. Prospectivity for base metals has been confirmed by geological mapping, the presence of a surface gossan, and geophysical surveys. For more information about SRQ, please visit SRQ's website at Contact Information:Marc-Antoine Audet, President and CEO ceo@ (514) 726-4158 Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Canadian securities legislation and other statements that are not historical facts. Forward-looking statements are included to provide information about management's current expectations and plans that allows investors and others to have a better understanding of the Company's business plans and financial performance and condition. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as 'interpret', 'potential', 'capacity', 'substantial', 'enable', 'validate', 'move', 'unlock', 'evaluate', 'assess', 'resemble', 'follow', 'look', 'high', 'prospective', or variations of such words and phrases or state that certain actions, events or results "may", "could", 'will', "would" or "might". Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to: (1) the Company' interpretation regarding potential ultramafic rock assemblages at Lac Brulé and Lac Brennan; (2) the Company' interpretation regarding the capacity of the assemblages host metals such as copper and nickel at Lac Brulé and Lac Brennan; (3) the exploration potential of Lac Brulé and Lac Brennan; (4) the advancement of the Company's exploration activities at Lac Brennan following the receipt of the ATI-7 authorization; (5) the likelihood that the region is highly prospective; (6) expected outcomes based on gravimetry survey data, including the potential for base metal mineralization; (7) the development and potential value of Lac Brennan project; (8) the Company's planned drilling activities, including its plan to conduct an initial borehole in Q3 and Q4 of 2025; (9) the assessment of additional anomalies that could represent new prospective zones and their potential; (10) the resemblance between the gravity response at Lac Brulé and the Lac Brennan gravity anomaly; (11) the intended use and timing of proceeds from the private placement closed on March 24, 2025, including to perform an ANT survey in May 2025 and initiate a 4,000m drilling program by mid-June 2025; (12) the pursuit of future opportunities, including the identification of additional base metal targets; (13) the likelihood that Lac Brulé, including 'Target 900', is highly prospective; (14) The Company's drilling targets, including the Lac Brennan gravity core as a prime drilling target. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties, and assumptions. Forward-looking information is based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include, without limitation, the Company's interpretation of geological data, prevailing economic and political conditions, and other material factors and assumptions set forth in the Company's management's discussion and analysis for the year ended December 31, 2023 available with Canadian securities regulators. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is given as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. The Company qualifies all of its forward-looking statements by these cautionary statements. The Company undertakes no obligation to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable law. Infographics accompanying this announcement are available at in to access your portfolio
