ESGold Advances Montauban Project with Gravity Separation Circuit Installation
TL;DR
ESGold's successful delivery of Humphrey spiral concentrators enhances gold and silver recovery efficiency, boosting competitive advantage.
ESGold's gravity separation circuit at Montauban site ensures efficient gold and silver recovery from historic tailings, supporting low-impact tailings-to-cash flow model.
ESGold's clean mining innovation and sustainable resource recovery at Montauban property contribute to responsible mining practices and long-term value creation.
ESGold's progress on construction, PEA update, and 3D geological model release showcases commitment to innovation and environmental responsibility in the mining industry.
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ESGold Corp. has completed a critical infrastructure milestone at its Montauban site in Quebec, installing Humphrey spiral concentrators to enable gravity separation for gold and silver recovery from historic tailings. The new circuit, designed to process up to 1,000 tonnes per day, represents a key component of the company's innovative low-impact mining approach.
CEO Paul Mastantuono confirmed the project remains on schedule, with first production still targeted for the end of 2025. The company is simultaneously preparing an updated Preliminary Economic Assessment (PEA) and plans to release a comprehensive 3D geological model in the coming weeks.
The development occurs against a backdrop of strengthening Canadian gold sector performance, with major producers like Barrick Gold, Kinross Gold, and B2Gold reporting robust Q1 2025 results. Canada continues to solidify its position as the world's fourth-largest gold-producing nation, providing a supportive environment for emerging mining enterprises like ESGold.
The Montauban project exemplifies a growing trend toward sustainable resource recovery, utilizing existing tailings to extract valuable minerals with minimal environmental disruption. By focusing on efficient processing of historic mining sites, ESGold demonstrates an innovative approach to responsible mineral exploration and production.
Curated from InvestorBrandNetwork (IBN)
