ESGold Corp. Nears Production at Montauban Project with Key Milestones

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has announced critical progress at its Montauban Project in Quebec, marking a significant step toward first production. The installation of Humphrey Spirals, central to the plant's gravity separation circuit, enables the processing of up to 1,000 tonnes per day of historic tailings for the recovery of gold, silver, and mica. This development is pivotal for the project's scalability and efficiency.

Lab testing is currently underway to refine the spiral circuit concentrate, aiming to enhance recovery rates and minimize reagent use. Results from these tests are anticipated this month, promising to further streamline the project's operational framework. Additionally, ESGold has completed its Preliminary Economic Assessment, focusing solely on tailings material, with plans to release the findings shortly. This assessment excludes the potential upside from hard rock resources, highlighting the company's immediate focus on tailings redevelopment.

The company also expects to publish results from its Ambient Noise Tomography survey and introduce a new 3D geological model that integrates seismic and historical data. CEO Paul Mastantuono emphasized the importance of the coming weeks as ESGold aims to establish a scalable, clean redevelopment model for legacy mining sites. This approach not only underscores ESGold's commitment to sustainable mining practices but also positions the Montauban Project as a benchmark for responsible resource recovery in the mining industry.

The advancements at the Montauban Project are significant for the mining sector, demonstrating the potential for innovative technologies to transform historic tailings into valuable resources. This initiative could set a precedent for similar projects worldwide, offering a blueprint for combining environmental stewardship with economic viability.