ESGold Advances Toward Production with Gravity Separation Circuit Delivery
TL;DR
ESGold's successful delivery of Humphrey spiral concentrators boosts production capability, enhancing market competitiveness.
ESGold's gravity separation circuit at Montauban site processes historic tailings into mica concentrate, recovering gold and silver for marketable products.
ESGold's clean mining approach at Montauban property promotes sustainable resource recovery and responsible mining practices, contributing to a better environment for tomorrow.
ESGold's milestone achievement of full gravity separation circuit delivery signifies progress towards producer status, with first production expected by year-end 2025.
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Mining technology company ESGold Corp. has successfully delivered a gravity separation circuit to its Montauban site in Quebec, marking a critical milestone in its transition to production status. The newly installed Humphrey spiral concentrators will enable the processing of up to 1,000 tonnes of historic tailings per day, with the capability to produce a marketable mica concentrate while simultaneously recovering gold and silver.
CEO Paul Mastantuono highlighted the significance of this development, noting it represents a tangible progression toward the company's production goals. The installation of the gravity separation circuit is a strategic move that aligns with ESGold's commitment to sustainable and efficient mineral recovery.
The company is targeting first production by the end of 2025 and is preparing to release an updated preliminary economic assessment in the near future. This milestone underscores ESGold's strategic approach to utilizing existing tailings, which not only provides an economic opportunity but also demonstrates an environmentally responsible approach to resource extraction.
Located 80 kilometers west of Quebec City, the Montauban property serves as a model for responsible mining practices, combining near-term production capabilities with broader district-scale exploration potential. The gravity separation circuit represents a crucial technological investment that could position ESGold as an innovative player in the mining sector.
Curated from InvestorBrandNetwork (IBN)
