ESGold Corp. Advances Montauban Project Toward 2025 Production Following C$3.4 Million Financing
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, following the successful closure of a C$3.4 million private placement that enables the company to enter the construction phase of its mill circuit. The project's development is being supported by geological findings from a final-phase Ambient Noise Tomography survey that has exceeded depth expectations and will contribute to a comprehensive 3D geological model expected later this month. The survey results revealed the discovery of rhodonite and identified geological similarities to Australia's Broken Hill deposit, indicating potential major exploration opportunities that could significantly expand the project's resource base.
The Montauban Project, located 80 kilometers west of Quebec City, represents ESGold's strategic approach to responsible mining practices that combines near-term production capabilities with district-scale discovery potential. The company is positioning itself as an innovative resource company committed to sustainable mineral exploration through its fully permitted project that underscores ESGold's commitment to efficient and environmentally conscious resource recovery. An updated Preliminary Economic Assessment and grant application strategy are currently in development, further demonstrating the company's comprehensive approach to project advancement and long-term strategic objectives.
The geological discoveries, particularly the rhodonite identification and similarities to the Broken Hill deposit, suggest significant potential for future exploration and resource expansion beyond the initial production targets. These findings could represent a critical milestone in the project's development, potentially transforming the Montauban Project from a near-term production asset into a major mining district with substantial long-term value creation opportunities. The combination of immediate production timeline, strategic financing, and promising geological indicators positions ESGold to capitalize on both short-term revenue generation and long-term exploration success in the Quebec mining jurisdiction.
Curated from InvestorBrandNetwork (IBN)
