ESGold Corp. has appointed Peter Espig to its board of directors and issued 500,000 restricted share units (RSUs) as part of its equity incentive plan. Espig brings extensive experience in project finance and transitioning junior mining companies to production.
The company is making steady progress on its Montauban Project, with construction at the processing site advancing on schedule. A significant milestone is the upcoming delivery of Humphrey Spirals, critical equipment for the project's gravity recovery circuit.
Located 80 kilometers west of Quebec City, the Montauban property represents ESGold's strategic approach to responsible mining. The company aims to demonstrate sustainable resource recovery while targeting production by the end of 2025.
Espig's appointment signals the company's commitment to strengthening its technical and financial expertise. His background in project development could prove crucial as ESGold moves closer to becoming a producing gold and silver operation.
The project's progress and strategic leadership changes suggest ESGold is methodically working to transform from a pre-production resource company to an active mining enterprise, potentially creating value for investors and showcasing responsible mining practices in Quebec.
