ESGold Corp Advances Montauban Project with Delivery of Humphrey Spiral Concentrators
TL;DR
ESGold's successful delivery of Humphrey spiral concentrators boosts production capability, enhancing market competitiveness.
ESGold's gravity separation circuit at Montauban site processes historic tailings into mica concentrate, recovering gold and silver for marketable products.
ESGold's clean mining approach at Montauban property promotes sustainable resource recovery and responsible mining practices, contributing to a better environment for tomorrow.
ESGold's milestone achievement of full gravity separation circuit delivery signifies progress towards producer status, with first production expected by year-end 2025.
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Mining company ESGold Corp. has reached a significant operational milestone with the delivery of Humphrey spiral concentrators to its Montauban site in Quebec, marking a critical step toward transitioning to production status. The newly installed gravity separation circuit will enable processing of up to 1,000 tonnes of historic tailings per day, with the potential to generate a marketable mica concentrate while simultaneously recovering gold and silver. CEO Paul Mastantuono characterized the equipment delivery as a tangible advancement in the company's strategic roadmap.
The company is targeting first production by the end of 2025 and anticipates releasing an updated preliminary economic assessment in the near future. Located 80 kilometers west of Quebec City, the Montauban property represents ESGold's commitment to responsible and sustainable mining practices. The gravity separation circuit is a crucial infrastructure component that will allow ESGold to process historic tailings efficiently, potentially transforming previously uneconomical material into valuable mineral concentrates.
This approach not only demonstrates the company's innovative mining strategy but also highlights a sustainable approach to resource recovery. With the project progressing and key infrastructure now in place, ESGold is positioning itself to become an active producer in the mining sector. The company's focus on clean mining and exploration innovation sets it apart in an industry increasingly emphasizing environmental responsibility and efficient resource utilization.
Curated from InvestorBrandNetwork (IBN)
