ESGold Corp. has issued 500,000 restricted share units (RSUs) to new board member Peter Espig while simultaneously reporting steady progress on its Montauban Project in Quebec. The company continues to advance its pre-production strategy with key equipment delivery and strategic leadership appointments.
Espig brings significant expertise in project finance and transitioning junior mining companies to production stages. His appointment signals the company's commitment to developing its Montauban property, located 80 kilometers west of Quebec City.
Construction at the Montauban processing site remains on schedule, with a critical milestone approaching: the expected delivery of Humphrey Spirals next week. These spirals are crucial to the project's gravity recovery circuit, a key technical component in gold and silver extraction processes.
The company maintains its production target of year-end 2025, positioning itself to become a significant player in responsible mining practices. By combining near-term production goals with district-scale exploration potential, ESGold is demonstrating a strategic approach to resource development.
This project represents an important advancement in Quebec's mining sector, showcasing sustainable resource recovery techniques and potential economic opportunities in the region's mineral exploration landscape.
