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ESGold Corp (CSE: ESAU, OTCQB: SEKZF) has initiated an updated Preliminary Economic Assessment (PEA) for its Montauban Project, driven by significant increases in precious metal prices. The reassessment considers current prices of $2,930.00 USD per ounce for gold and $32.50 USD per ounce for silver as of February 18, 2025.
The update aims to revise key project metrics, including IRR, NPV, and payback period, reflecting the improved market conditions compared to the previous economic analysis. The company expects that Montauban's low-capex profile and near-term production timeline, combined with higher metal prices, could substantially enhance projected cash flows.
According to Brad Kitchen, ESGold's President, this reassessment will provide stakeholders with a more accurate view of the project's near-term production potential and long-term value creation. The updated PEA is scheduled for completion in the coming weeks.
ESGold Corp (CSE: ESAU, OTCQB: SEKZF) has successfully raised C$1.1 million through a combination of strategic funding initiatives. The funding comprises a C$300,000 Quebec Critical Mineral flow-through private placement and C$802,851.90 from warrant exercises.
The private placement involves 1,000,000 flow-through common shares at C$0.30 per share, with Maple Leaf Critical Minerals 2025 Enhanced Flow-Through LP as the sole investor. The company will pay C$18,000 in finder's fees, with the offering expected to close around February 21, 2025.
Following the December 19, 2024 warrant acceleration clause exercise, 5,352,346 warrants were exercised. The proceeds will fund the ANT Geological Survey with Caur Technologies and exploration initiatives at the Montauban Property in Quebec.
ESGold Corp. (CSE: ESAU) (OTCQB: SEKZF) has launched a redesigned website to showcase its progress towards near-term gold and silver production and expanded exploration initiatives at the Montauban Project. The new platform features enhanced user experience and provides comprehensive information about the company's fully permitted, pre-production status and sustainable mining approach.
According to Brad Kitchen, President of ESGold, the website upgrade represents more than just a digital enhancement, signifying the company's readiness for its next growth phase. The platform will serve as a central information hub for company updates, including Montauban Project developments, exploration results, and corporate news.
The website, accessible at www.esgold.com, emphasizes ESGold's commitment to transparency, operational excellence, and shareholder value while positioning the company as a leader in clean, innovative mining practices.
ESGold Corp (CSE: ESAU, OTC: SEKZF) has launched its first systematic deep exploration of the Montauban Project, marking the most extensive geological investigation in the property's 110-year history. The company has partnered with Caur Technologies to deploy Ambient Noise Tomography (ANT), a passive seismic technology for mapping deep mineralization.
The survey covers a 10 km² area of ESGold's 130 km² property, utilizing ultra-sensitive Geodes that are 10x more effective than traditional geophones. The technology will scan depths from 50m to 400m, aiming to expand the known deposit and identify new discoveries. The Montauban VMS deposit has historically produced gold, silver, lead, and zinc, but previous exploration was to shallow depths of 25m in the North and South Zones, with some areas reaching 200m near old mine shafts.
This initiative combines AI-driven analysis with historical drill data to create a comprehensive 3D subsurface model, potentially reshaping Montauban's geological understanding while minimizing exploration costs and environmental impact.
ESGold Corp. (CSE: ESAU, OTC: SEKZF) has unveiled its 2025 outlook, marking a transition from preparation to execution. The company plans to begin gold and silver production at the Montauban Project in early Q3 2025, with site preparation already underway. The project is designed for year-round operation, targeting 300 operating days annually and initial processing of 150,000 tonnes of ore per year, scaling to 300,000 tonnes.
Key initiatives include launching systematic exploration using Ambient Noise Tomography technology, advancing clean mining practices through the Clean Processing Initiative, and securing strategic non-dilutive financing options. The Montauban Project, with over $1.4 billion in historical value, will undergo comprehensive exploration for the first time in its 110-year history.
The company has received FINRA approval for OTCQB uplisting and anticipates trading activation in the coming weeks. ESGold plans to pursue Quebec government grants for exploration, remediation, and production initiatives, leveraging the region's favorable mining jurisdiction status.
ESGold Corp (CSE: ESAU, OTC: SEKZF) has achieved a significant milestone with FINRA's approval of Form 211 on December 24, 2024, enabling priced quotation initiation within four days. The company is advancing its OTCQB uplisting, positioning itself in a premier marketplace for growth-stage companies.
The development includes an application for DTC eligibility to streamline electronic trading and settlement processes, aimed at enhancing accessibility for U.S. brokers and investors. This strategic move is expected to increase market access and liquidity while meeting stringent financial standards and transparency requirements.
CEO Brad Kitchen emphasized this as the first step in aggressively marketing ESGold's near-term gold and silver production potential to U.S. investors. The OTCQB listing is anticipated to boost liquidity by providing transparent access to real-time quotes and market data.
ESGold announces a groundbreaking exploration initiative at the Montauban deposit using Ambient Noise Tomography (ANT) technology by CAUR Technologies. This marks the first systematic exploration of the 13,166-hectare site, aiming to develop a comprehensive 3D model of the deposit and identify high-priority drill targets. ANT technology will map geological structures at depths up to 3 kilometers, offering cost-effective and sustainable exploration. Montauban, rich in gold, silver, and base metals, has historical production exceeding $1.4 billion. The project highlights include deep imaging capabilities, rapid assessment, and low environmental impact. ESGold's President, Brad Kitchen, emphasized the potential to redefine exploration standards and maximize shareholder value. The initiative aligns with ESGold's commitment to innovation and sustainability. Additionally, at the recent Annual General Meeting, 99.96% of shareholders supported management's proposals, reinforcing confidence in ESGold's strategic direction.
ESGold Corp (CSE: ESAU, OTC: SEKZF) has partnered with Dundee Sustainable Technologies to test tailings from the Montauban Project using Dundee's proprietary CLEVR Process. This marks the first of four planned tests under ESGold's Gold-Silver Green Processing Initiative.
The CLEVR Process offers significant advantages including:
- Elimination of cyanide and toxic effluents
- Reduced processing times from 36+ to 2 hours
- Closed-loop reagent recirculation system
- Lower operational and capital costs
- Gold recovery rates exceeding 95%
The collaboration aims to revolutionize mining practices by combining sustainable extraction technologies with improved efficiency. Testing is currently underway at Dundee's Thetford Mines lab, with results expected to inform future operations at the fully permitted Montauban site.
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