ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has completed approximately 2,030 metres of diamond drilling in 19 holes at its Montauban Project in Québec, the company reported. The program is designed to test a planned 5,000 metres, with drilling ongoing.
The company said drilling has repeatedly encountered alteration, quartz-carbonate veining and locally sulphide-bearing intervals within the geological environment associated with the historic Montauban mineralized system. Observed sulphides include pyrite, pyrrhotite and galena. Approximately 400 core samples have been submitted to SGS Laboratories in Val-d’Or for analysis, with assay results pending.
Nine drill holes have intersected historic underground workings or voids, providing geological control for comparing modern drilling with the former mine geometry. ESGold is testing potential continuation of the Montauban system outside and below the historic mine workings. This matters because confirming extensions could add resources beyond the known deposit, potentially extending the mine life and improving project economics.
ESGold describes itself as a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North America. Its flagship Montauban Gold-Silver Project in Québec is under construction. The company pursues a dual-track strategy of cash flow today and discovery tomorrow, aiming to build a platform for clean, sustainable growth and long-term shareholder value.
For investors, the pending assay results represent a key catalyst. Positive results could validate the company’s thesis that the historic Montauban system continues beyond the old workings. However, the outcome is uncertain until assays are returned and interpreted.
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