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.
