ESGold Corp. Advances Montauban Project Toward 2025 Production with Significant Geological Discoveries
TL;DR
ESGold's progress at its Montauban Project positions it for first gold and silver production in Q3 2025, offering a strategic advantage.
ESGold's construction phase of the mill circuit follows a C$3.4 million private placement, supporting first production by Q3 2025.
ESGold's responsible mining practices and exploration innovations contribute to sustainable resource recovery and long-term value for a better tomorrow.
ESGold's discovery of rhodonite and exploration upside potential akin to Australia's deposit make the mining industry more exciting and educational.
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ESGold Corp. is advancing its Montauban Project in Quebec with targeted first gold and silver production scheduled for the third quarter of 2025. The company recently secured C$3.4 million through a private placement, providing the necessary capital to initiate construction of the mill circuit. This financial milestone represents a crucial step in transitioning from exploration to production phase for the strategically located project situated 80 kilometers west of Quebec City.
A final-phase Ambient Noise Tomography survey has delivered results exceeding depth expectations, providing critical data that will support development of a comprehensive 3D geological model expected later this month. The survey revealed the discovery of rhodonite and identified geological similarities to Australia's Broken Hill deposit, indicating potential major exploration opportunities that could significantly expand the project's resource base. These geological findings suggest substantial potential for future exploration and resource expansion, potentially representing a critical milestone in the project's development and ESGold's long-term strategic objectives.
The Montauban Project embodies ESGold's strategic approach to responsible mining practices, combining near-term production capabilities with district-scale discovery potential. The company is positioning itself as an innovative resource company committed to sustainable mineral exploration through environmentally conscious resource recovery methods. The fully permitted nature of the project underscores ESGold's commitment to efficient and compliant development practices that align with modern mining standards.
Current development activities include preparation of an updated Preliminary Economic Assessment and grant application strategy, further demonstrating the company's comprehensive approach to project advancement. By integrating near-term production objectives with significant exploration upside, ESGold is creating a balanced development model that addresses both immediate operational goals and long-term growth potential. The combination of secured funding, advanced geological understanding, and strategic development planning positions the Montauban Project as a significant contributor to Quebec's mining sector and ESGold's corporate growth trajectory.
Curated from InvestorBrandNetwork (IBN)
