ESGold Corp. is moving closer to gold and silver production at its Montauban Project in Quebec, with significant milestones achieved in recent months. The company has completed a C$3.4 million private placement and is entering the construction phase of its mill circuit, targeting first production in the third quarter of 2025.
A recent Ambient Noise Tomography survey exceeded depth expectations and will support a comprehensive 3D geological model expected later this month. The survey also revealed the discovery of rhodonite and identified potential similarities to Australia's Broken Hill deposit, suggesting substantial exploration potential.
The project, located 80 kilometers west of Quebec City, represents a strategic opportunity in responsible mining practices. By combining near-term production capabilities with district-scale discovery potential, ESGold is positioning itself as an innovative player in the mining sector.
The company is currently developing an updated Preliminary Economic Assessment (PEA) and preparing grant application strategies, indicating a comprehensive approach to project development. These efforts underscore ESGold's commitment to sustainable resource recovery and long-term value creation.
