ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has reported that its 2026 diamond drilling program at the Montauban Project in Québec has advanced 19 drill holes totaling approximately 2,030 metres of a planned 5,000 metres, according to a press release disseminated on behalf of ESGold Corp. The 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, indicating the presence of a mineralized system.
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. This intersection of historic workings is significant as it confirms the accuracy of historical mining records and allows the company to calibrate its geological model. Drilling remains underway as ESGold tests potential continuation of the Montauban system outside and below the historic mine workings.
The Montauban Project is a past-producing mine, and the current drilling program aims to expand the known mineralization. The presence of sulphides such as pyrite, pyrrhotite, and galena is often associated with gold and silver mineralization in similar geological settings. The pending assay results will determine whether the encountered intervals contain economic grades. If successful, the results could lead to a resource estimate and potentially extend the mine life.
ESGold Corp. is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North America. The Company’s flagship Montauban Gold-Silver Project in Québec is under construction. With a dual-track strategy of cash flow today and discovery tomorrow, ESGold is building a platform for clean, sustainable growth and long-term shareholder value. For investors, the progress at Montauban represents a key milestone in the company’s development. The outcome of the drilling could impact the company’s valuation and future production plans.
The announcement was distributed by MiningNewsWire, a specialized communications platform focused on the global mining and resources sectors. MiningNewsWire is one of 75+ brands within the Dynamic Brand Portfolio at IBN, which provides access to wire solutions via InvestorWire, article and editorial syndication to 5,000+ outlets, and social media distribution to millions of followers. The full press release can be viewed at https://ibn.fm/RYiLu.
The mining industry often relies on such exploration updates to gauge the potential of undeveloped or past-producing assets. ESGold’s ability to fund and execute the drilling program without delays could serve as a positive signal for investors looking at junior mining companies. Moreover, the focus on clean mining aligns with global trends toward sustainable resource extraction. As the world transitions to greener technologies, the demand for responsibly sourced metals, including gold and silver, is expected to rise. ESGold’s progress at Montauban could position it as a notable player in the Québec mining sector, which is known for its supportive regulatory environment and rich mineral endowment.
