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 toward first gold and silver production targeted for the third quarter of 2025. The company recently closed a private placement of C$3.4 million, providing essential funding to enter the construction phase of its mill circuit. This financial milestone enables the company to move forward with critical infrastructure development necessary for production operations.
A final-phase Ambient Noise Tomography survey has yielded promising results, exceeding depth expectations and providing valuable data for 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. These geological findings suggest significant potential for future resource expansion and represent a critical milestone in the project's development.
The Montauban Project, located 80 kilometers west of Quebec City, embodies a strategic approach to responsible mining practices. By combining near-term production capabilities with district-scale discovery potential, ESGold is positioning itself as an innovative resource company committed to sustainable mineral exploration. The project's fully permitted status underscores ESGold's commitment to efficient and environmentally conscious resource recovery practices.
An updated Preliminary Economic Assessment and grant application strategy are currently in development, further demonstrating the company's comprehensive approach to project advancement. The geological discoveries, particularly the rhodonite identification and similarities to the Broken Hill deposit, could significantly impact ESGold's long-term strategic objectives and the broader mining landscape in Quebec. These developments highlight the project's potential to become a significant contributor to regional economic development while maintaining environmental stewardship standards.
Curated from InvestorBrandNetwork (IBN)
