ESGold Corp. has taken significant steps forward in its Montauban Project by appointing Peter Espig to its board of directors and continuing construction of its processing site. The company issued 500,000 restricted share units (RSUs) to Espig, who brings extensive experience in project finance and transitioning junior mining companies to producers.
The company reported that construction at the Montauban processing site is progressing on schedule. A key milestone is the upcoming delivery of Humphrey Spirals, which are critical to the project's gravity recovery circuit. ESGold remains committed to its production target of year-end 2025.
Located 80 kilometers west of Quebec City, the Montauban Project represents an important development in responsible mining practices. The project combines near-term production potential with broader district-scale exploration opportunities, positioning ESGold as a forward-thinking resource company.
The addition of Espig to the board and continued construction progress suggest the company is strategically positioning itself to enter production. His expertise could be crucial in navigating the complex transition from exploration to operational mining, potentially enhancing the project's financial and operational strategies.
