ESGold Corp. Advances Montauban Project Toward 2025 Production with Major 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 essential funding to initiate the construction phase of the mill circuit. This financial milestone enables the company to accelerate project development while maintaining its strategic approach to responsible mining practices.
The project has achieved significant geological breakthroughs through a final-phase Ambient Noise Tomography survey that exceeded depth expectations. This advanced survey technology revealed the discovery of rhodonite and identified geological similarities to Australia's renowned Broken Hill deposit, indicating substantial potential for major exploration opportunities. These findings will support the development of a comprehensive 3D geological model expected later this month, providing critical data for resource assessment and future exploration planning.
Located 80 kilometers west of Quebec City, the Montauban Project represents ESGold's commitment to combining near-term production capabilities with district-scale discovery potential. The company is positioning itself as an innovative resource company dedicated to sustainable mineral exploration and environmentally conscious resource recovery. The project's fully permitted status underscores ESGold's adherence to regulatory compliance and efficient project advancement.
Current development activities include the preparation of an updated Preliminary Economic Assessment and the formulation of a comprehensive grant application strategy. These initiatives demonstrate the company's systematic approach to project optimization and funding diversification. The geological discoveries, particularly the rhodonite identification and Broken Hill deposit similarities, suggest significant potential for future resource expansion and could represent a critical milestone in ESGold's long-term strategic objectives for the Montauban Project.
Curated from InvestorBrandNetwork (IBN)
