ESGold Corp. Issues Corporate Update as It Advances Toward Production and Expanded Exploration at Montauban
ESGold Corp. (ESAUF) has provided a corporate update highlighting significant progress at its Montauban Project in Quebec. The company recently secured a C$3.4M strategic financing to initiate final mill circuit construction, targeting gold and silver production in Q3 2025.
Key developments include the completion of an Ambient Noise Tomography (ANT) survey reaching depths over 800m, exceeding the initial 400m target. The project shows geological similarities to Australia's Broken Hill deposit, with the identification of rhodonite mineral further validating the exploration potential.
Upcoming milestones include:
- Completion of 3D geological model by end of April
- Final construction phase of mill circuit
- Updated Preliminary Economic Assessment (PEA)
- Implementation of grant strategy for provincial and federal funding
The company has issued 1.65 million common shares to officers and directors through its Omnibus Incentive Program, subject to quarterly vesting and statutory hold periods.
ESGold Corp. (ESAUF) ha fornito un aggiornamento aziendale evidenziando importanti progressi nel suo Progetto Montauban in Quebec. La società ha recentemente ottenuto un finanziamento strategico di 3,4 milioni di dollari canadesi per avviare la costruzione finale del circuito del mulino, con l'obiettivo di iniziare la produzione di oro e argento nel terzo trimestre del 2025.
Tra i principali sviluppi, si segnala il completamento di un'indagine di Tomografia del Rumore Ambientale (ANT) che ha raggiunto profondità superiori agli 800 m, superando l'obiettivo iniziale di 400 m. Il progetto presenta somiglianze geologiche con il giacimento Broken Hill in Australia, e l'individuazione del minerale rodonite conferma ulteriormente il potenziale esplorativo.
I prossimi traguardi includono:
- Completamento del modello geologico 3D entro la fine di aprile
- Fase finale di costruzione del circuito del mulino
- Aggiornamento della Valutazione Economica Preliminare (PEA)
- Implementazione della strategia per l’ottenimento di finanziamenti provinciali e federali
La società ha emesso 1,65 milioni di azioni ordinarie a dirigenti e amministratori tramite il suo Programma Incentivi Omnibus, soggetto a maturazione trimestrale e periodi di blocco statutari.
ESGold Corp. (ESAUF) ha proporcionado una actualización corporativa destacando avances significativos en su Proyecto Montauban en Quebec. La empresa aseguró recientemente un financiamiento estratégico de 3,4 millones de dólares canadienses para iniciar la construcción final del circuito del molino, con la meta de producir oro y plata en el tercer trimestre de 2025.
Entre los desarrollos clave se incluye la finalización de una encuesta de Tomografía de Ruido Ambiental (ANT) que alcanzó profundidades superiores a 800 m, superando el objetivo inicial de 400 m. El proyecto muestra similitudes geológicas con el depósito Broken Hill en Australia, y la identificación del mineral rodonita valida aún más el potencial de exploración.
Los próximos hitos incluyen:
- Finalización del modelo geológico 3D para finales de abril
- Fase final de construcción del circuito del molino
- Actualización de la Evaluación Económica Preliminar (PEA)
- Implementación de la estrategia de subvenciones para financiamiento provincial y federal
La empresa ha emitido 1,65 millones de acciones comunes a oficiales y directores mediante su Programa de Incentivos Omnibus, sujeto a adquisición trimestral y períodos de retención legales.
ESGold Corp. (ESAUF)는 퀘벡의 몽토반 프로젝트에서 중요한 진전을 알리는 기업 업데이트를 제공했습니다. 회사는 최근 340만 캐나다 달러 규모의 전략적 자금 조달을 확보하여 최종 제분 회로 건설을 시작했으며, 2025년 3분기에 금과 은 생산을 목표로 하고 있습니다.
주요 발전 사항으로는 초기 목표인 400m를 넘어 800m 이상의 깊이에 도달한 환경 소음 단층 촬영(ANT) 조사가 완료된 점이 있습니다. 이 프로젝트는 호주의 브로큰 힐 광상과 지질학적 유사성을 보이며, 로도나이트 광물의 발견은 탐사 잠재력을 더욱 입증합니다.
앞으로의 주요 일정은 다음과 같습니다:
- 4월 말까지 3D 지질 모델 완성
- 제분 회로 최종 건설 단계
- 예비 경제성 평가(PEA) 업데이트
- 주 및 연방 자금 지원을 위한 보조금 전략 실행
회사는 옴니버스 인센티브 프로그램을 통해 임원 및 이사에게 165만 주의 보통주를 발행했으며, 분기별 베스팅과 법정 보유 기간이 적용됩니다.
ESGold Corp. (ESAUF) a fourni une mise à jour d'entreprise mettant en lumière des progrès significatifs sur son projet Montauban au Québec. La société a récemment obtenu un financement stratégique de 3,4 millions de dollars canadiens pour lancer la construction finale du circuit de l’usine, visant une production d’or et d’argent au 3e trimestre 2025.
Les développements clés incluent l’achèvement d’une enquête de tomographie par bruit ambiant (ANT) ayant atteint des profondeurs supérieures à 800 m, dépassant l’objectif initial de 400 m. Le projet présente des similitudes géologiques avec le gisement de Broken Hill en Australie, et l’identification du minéral rhodonite confirme davantage le potentiel d’exploration.
Les prochaines étapes sont les suivantes :
- Finalisation du modèle géologique 3D d’ici fin avril
- Phase finale de construction du circuit de l’usine
- Mise à jour de l’évaluation économique préliminaire (PEA)
- Mise en œuvre de la stratégie de subvention pour les financements provinciaux et fédéraux
La société a émis 1,65 million d’actions ordinaires à des cadres et administrateurs via son programme d’incitation omnibus, soumis à une acquisition trimestrielle et à des périodes de blocage légales.
ESGold Corp. (ESAUF) hat ein Unternehmensupdate veröffentlicht, das bedeutende Fortschritte bei seinem Montauban-Projekt in Quebec hervorhebt. Das Unternehmen sicherte sich kürzlich eine strategische Finanzierung in Höhe von 3,4 Mio. CAD, um mit dem Bau des endgültigen Mühlenkreislaufs zu beginnen, mit dem Ziel, im dritten Quartal 2025 Gold- und Silberproduktion aufzunehmen.
Zu den wichtigsten Entwicklungen gehört der Abschluss einer Ambient Noise Tomography (ANT)-Untersuchung, die Tiefen von über 800 m erreichte und damit das ursprüngliche Ziel von 400 m übertraf. Das Projekt weist geologische Ähnlichkeiten mit dem Broken Hill-Vorkommen in Australien auf, und die Identifizierung von Rhodonit bestätigt das Explorationspotenzial zusätzlich.
Kommende Meilensteine umfassen:
- Abschluss des 3D-geologischen Modells bis Ende April
- Endphase des Baus des Mühlenkreislaufs
- Aktualisierte vorläufige Wirtschaftlichkeitsbewertung (PEA)
- Umsetzung der Fördermittelstrategie für Provinz- und Bundesfinanzierung
Das Unternehmen hat 1,65 Millionen Stammaktien an Führungskräfte und Direktoren im Rahmen seines Omnibus-Anreizprogramms ausgegeben, die vierteljährlich vesten und gesetzlichen Haltefristen unterliegen.
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VANCOUVER, British Columbia, April 15, 2025 (GLOBE NEWSWIRE) -- via IBN - ESGold Corp. (“ESGold” or the “Company”) (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) Canada’s next gold and silver producer, is pleased to provide a corporate update outlining recent milestones, exploration progress, and upcoming catalysts as the Company moves steadily toward production at its fully permitted Montauban Project in Quebec.
Over the past several months, ESGold has delivered a series of strategic advancements across financing, exploration, and corporate development. These steps form the foundation of the Company’s dual-track strategy—generating near-term cash flow through tailings reprocessing while unlocking the broader district-scale exploration potential of its 13,000-hectare Montauban land package.
Recent Highlights
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On April 4, 2025, ESGold successfully closed a non-brokered private placement, enabling the initiation of final construction at the Montauban mill circuit. This milestone positions the Company to commence gold and silver production in Q3 2025.
Read the release
ANT Survey Reaches Final Phase
The Ambient Noise Tomography (ANT) geophysical program is now in its final stage. Initial readings exceeded expectations, reaching depths of over 800m—well beyond the original 400m target. This advanced 3D imaging is expected to reveal the full size, shape, and continuity of mineralized systems for the first time in Montauban’s 110-year history.
Read the release
Broken Hill Geological Analogue Unveiled
A detailed structural and mineralogical comparison to Australia’s Broken Hill deposit—one of the richest silver-lead-zinc discoveries in history—suggests Montauban may host a similarly complex and high-grade system at depth.
Read the release
Rhodonite Identified at Montauban
The recent identification of rhodonite, a key pathfinder mineral often associated with Broken Hill-type systems, further validates the geological model and strengthens the case for discovery potential beneath known mineralized zones.
Read the release
What’s Next for ESGold
With momentum accelerating, ESGold is preparing for a series of transformative milestones:
3D Model Generation Underway
The recovery of ANT survey equipment is complete, and the Company is now compiling and interpreting the data. A comprehensive 3D geological model is expected to be completed by the end of April. Subsequently, this model will be used to further incorporate historical data, VTEM results, and ANT imaging to generate refined exploration targets.
Construction Phase
As the Company advances toward production, contractors are currently being vetted for the upcoming construction phase at Montauban. This critical step follows the recent financing and will pave the way for the final buildout of the mill circuit, ensuring ESGold remains on track to achieve first gold and silver pour in Q3 2025.
Exploration Strategy Evolution
Pending interpretation of the current survey, ESGold is evaluating the potential for a broader, property-wide ANT program to systematically test the full extent of the Montauban system.
Updated PEA
An updated Preliminary Economic Assessment (PEA) is in progress and will reflect current all-time-high gold and silver prices.
Grant Strategy
The Company plans to engage a dedicated grant consulting team in the coming weeks to initiate provincial and federal funding applications. Quebec is one of the world’s most supportive jurisdictions for mining innovation and sustainability, with generous programs for clean extraction, remediation, and exploration. ESGold expects the timing of potential grant funding to align with first production at Montauban.
Other Corporate News
The Company has issued to officers and directors a total of 1.65 million common shares via the Company’s Omnibus Incentive Program. These securities are subject to a quarterly vesting provisions and a statutory hold period expiring in accordance with applicable securities legislation.
A Vision for Leadership
As construction moves forward and the market environment for gold and silver strengthens, ESGold is executing on its vision to become a modern leader in mining—balancing near-term revenue generation with scientific discovery and responsible environmental stewardship.
“The last few months have been foundational for ESGold, and we are entering a new phase with strong technical footing, capital in hand, and a clear path forward,” said Brad Kitchen, President of ESGold. “With exploration underway and production imminent, we are building more than a mine— one of Canada’s next precious metals producers.”
The Company will continue to provide regular updates as major developments unfold across construction, exploration, and corporate initiatives.
Qualified Person
The technical information in this news release has been reviewed and approved by John Langton, M.Sc., P. Geo., an independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About ESGold Corp.
ESGold Corp. (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. ESGold’s flagship Montauban property, located 80 kilometers west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential.
For more information, please contact ESGold Corp. at +1-888-370-1059 or visit esgold.com for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces.
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On behalf of the Board of Directors
ESGold Corp.
"Brad Kitchen"
President & Director
info@esgold.com
+1-888-370-1059
Forward-Looking Statements:
This news release includes forward-looking statements within the meaning of applicable securities laws. These statements are based on assumptions and expectations that involve a number of known and unknown risks and uncertainties. Actual results could differ materially. Forward-looking information includes statements regarding the expected use of proceeds, the development and construction timelines of the Montauban Project, future production, and anticipated project milestones. Investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking information contained in this release is qualified by these cautionary statements.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
FAQ
When will ESGold (ESAUF) begin gold and silver production at Montauban?
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What were the key findings from ESGold's ANT survey at Montauban?
What geological similarities does ESGold's Montauban project share with Broken Hill?
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