ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has announced the achievement of key construction and technical milestones at its fully permitted Montauban Project in Quebec, signaling progress toward first production. The successful installation of the Humphrey Spirals, integral to the plant's gravity separation circuit, enables the processing of up to 1,000 tonnes per day of historic tailings for the recovery of gold, silver, and mica. This development is crucial for the project's advancement, as it leverages existing tailings material for resource recovery, aligning with sustainable mining practices.
Lab testing is currently underway to optimize the recovery process and minimize reagent use, with final results anticipated this month. Additionally, ESGold has finalized its Preliminary Economic Assessment, focusing solely on tailings material, which is set to be released soon. The company also plans to publish results from its Ambient Noise Tomography survey and introduce a new 3D geological model that integrates seismic and historical data. These steps are part of ESGold's strategy to establish a scalable, clean redevelopment model for legacy mining sites, as highlighted by CEO Paul Mastantuono.
The Montauban Project represents a significant opportunity for ESGold Corp. to demonstrate the viability of responsible mining practices. By focusing on the redevelopment of legacy sites, the company not only aims to contribute to the local economy but also to set a precedent for environmental stewardship in the mining industry. The upcoming weeks are pivotal for ESGold as it moves closer to realizing its vision of sustainable resource recovery and exploration in Quebec.
