- ESGold Corp., a pre-production stage company committed to the acquisition, exploration, and development of high-quality mineral properties worldwide, moves toward long-term operations processing historic tailings following the recent two rounds of funding for its Montauban gold/silver project
- Processing development at the facility remains on track, with infrastructure and building completion set for mid-Q4, 2025
- ESGold’s management believes that the development of Montauban’s tailings processing capabilities is set to generate high-margin revenues and minimize dilution, while allowing the company to move forward with its encouraging gold/silver discovery efforts
ESGold (CSE: ESAU) (OTCQB: ESAUF), a pre-production stage company committed to the acquisition, exploration, and development of high-quality mineral properties worldwide, just noted how transformative the months ahead will be as it builds cash flow at its Montauban facility, while further unlocking long-term discovery potential across its entire portfolio. Back in April, the company closed a C$3.45 million financing round, in addition to a C$8 million brokered life offering for the advancement of Montauban toward near-term gold and silver production (https://ibn.fm/g54yU).
According to the company’s CEO, Gordon Robb, these two rounds of funding mean that ESGold is now fully financed to complete Montauban, presenting it with an opportunity to unlock long-term value from this facility, while supporting the pursuit of promising discovery opportunities down the line.
“Thanks to recent funding, we are now in the position of being fully financed to complete Montauban and to advance preparatory work on our prospective initiative in Colombia,” noted Mr. Robb. “With concentrate test results pending and exploration planning underway, the months ahead will be transformative as we build cash flow at Montauban while unlocking long-term discovery potential across our portfolio,” he added (https://ibn.fm/g54yU).
Development at Montauban remains on track. Infrastructure development and building completion are set for mid-Q4, 2025. This aligns with the company’s goal to begin production in 2026, which would be a huge milestone for the company.
“We are extremely pleased with the steady progress at Montauban, where building construction is advancing on schedule and moving toward completion, anticipated by mid-Q4 2025,” noted Mr. Robb. “ESGold is building the foundation for scalable growth, and we are very excited about what lies ahead,” he added (https://ibn.fm/g54yU).
In parallel with the ongoing construction, ESGold is further advancing exploration at Montauban, taking into account that, despite over a century of historic mining, the deposit on this property has never been systematically explored. A significant amount of technical work has been conducted thus far, revealing large, continuous geological structures that extend to 1,200 meters. While these results are somewhat preliminary, they point to the distinct potential of the property and the vast untapped value that lies beneath.
Going forward, ESGold looks to focus its efforts on having a comprehensive 3D geological model of Montauban, designed to integrate ANT survey results and guide systematic exploration. It also plans to continue its facility exploration, which will include systematic drilling to highlight the district-scale significance of the deposit. The company also aims to finalize Colombia validation by its technical team, followed by deal closure and execution (https://ibn.fm/g54yU).
This approach, its management believes, will generate high-margin revenue from tailings reprocessing. Additionally, it will minimize dilution and enhance shareholder value over time. With Montauban as the blueprint, ESGold’s management is confident that it is building a scalable platform designed to deliver sustainable, long-term value for its shareholders.
For company information, visit the company’s website at www.ESGold.com.
NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF
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