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.
The project's development has been bolstered by significant geological findings from a final-phase Ambient Noise Tomography survey that exceeded depth expectations. The survey revealed the discovery of rhodonite and identified geological similarities to Australia's renowned Broken Hill deposit, suggesting substantial potential for future exploration and resource expansion. These geological parallels to one of the world's most productive mining districts indicate the Montauban Project could represent a major exploration opportunity beyond initial production targets.
ESGold is currently developing an updated Preliminary Economic Assessment and grant application strategy, demonstrating the company's comprehensive approach to project advancement. The fully permitted Montauban Project underscores ESGold's commitment to responsible mining practices and environmentally conscious resource recovery. By 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.
The geological discoveries, particularly the rhodonite identification and Broken Hill deposit similarities, could represent a critical milestone in the project's development and ESGold's long-term strategic objectives. These findings support the creation of a comprehensive 3D geological model expected later this month, which will further guide exploration and development efforts at the Montauban site.
Curated from InvestorBrandNetwork (IBN)
