ESGold Advances Montauban Project, Targets Q3 2025 Gold and Silver Production
TL;DR
ESGold's progress at its Montauban Project positions it for first gold and silver production in Q3 2025, offering a strategic advantage.
ESGold's construction phase of the mill circuit follows a C$3.4 million private placement, supporting first production by Q3 2025.
ESGold's responsible mining practices and exploration innovations contribute to sustainable resource recovery and long-term value for a better tomorrow.
ESGold's discovery of rhodonite and exploration upside potential akin to Australia's deposit make the mining industry more exciting and educational.
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ESGold Corp. is moving forward with its Montauban Project in Quebec, marking a critical milestone in its path to production. The company recently closed a C$3.4 million private placement and is now entering the construction phase of its mill circuit, with a targeted first production of gold and silver in the third quarter of 2025.
A recent Ambient Noise Tomography survey exceeded depth expectations and will support the development of a comprehensive 3D geological model expected later this month. The survey also revealed the discovery of rhodonite and identified geological similarities to Australia's Broken Hill deposit, suggesting significant exploration potential for the project.
The project represents a strategic approach to responsible mining, combining near-term production capabilities with long-term exploration opportunities. By focusing on sustainable resource recovery, ESGold is positioning itself as an innovative player in the mining sector.
An updated Preliminary Economic Assessment (PEA) and grant application strategy are currently in development, which could further validate the project's economic viability and potential for future growth.
Curated from InvestorBrandNetwork (IBN)
