ESGold Corp. has announced significant progress in the construction and technical development of its Montauban Project in Quebec, a pre-production gold and silver operation. The company has completed installation of Humphrey Spirals, a critical component of the gravity separation system, which enables processing of historical tailings at a capacity of up to 1,000 tonnes per day. This development represents a key milestone in establishing the project's future output capacity and operational framework.
The company has also finalized its Preliminary Economic Assessment focusing exclusively on tailings material, with further updates and data releases expected in the near future. Concurrently, spiral circuit concentrate testing is underway, with results anticipated to guide optimization strategies for recovery rates and reagent efficiency. These technical advancements are particularly significant given the current high price environment for gold, potentially offering investors lower-cost exposure to gold with higher returns according to company statements available at https://ibn.fm/abPvq.
Beyond the immediate construction milestones, ESGold is developing a comprehensive 3D geological model using seismic and historical data, further enhancing the project's technical foundation. The progress at the Montauban Project underscores the company's commitment to advancing toward operational viability, with implications for the broader gold and silver mining sector. The successful implementation of the gravity separation system and ongoing technical studies position the project for potential production ramp-up as market conditions remain favorable for precious metals development.
