ESGold (CSE: ESAU) (OTCQB: ESAUF) reported that its 2026 diamond drilling program at the Montauban Project in Québec has advanced 19 drill holes totaling approximately 2,030 metres of a planned 5,000 metres. The progress marks a significant milestone in the company's efforts to test the potential continuation of the Montauban mineralized system outside and below the historic mine workings. Drilling has repeatedly encountered alteration, quartz-carbonate veining and locally sulphide-bearing intervals within the geological environment associated with the historic Montauban mineralized system. Observed sulphides include pyrite, pyrrhotite and galena. Approximately 400 core samples have been submitted to SGS Laboratories in Val-d’Or for analysis, with assay results pending.
Nine drill holes have intersected historic underground workings or voids, providing geological control for comparing modern drilling with the former mine geometry. This is important because it allows ESGold to validate its geological model and better understand the distribution of mineralization, which could lead to the identification of new resources. The presence of sulphides is particularly encouraging, as they are often associated with gold and silver mineralization in such systems. The company's ability to intersect these workings also demonstrates the accuracy of its drilling and the potential to expand the known mineralization.
ESGold Corp. is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North America. Its flagship Montauban Gold-Silver Project is under construction, and the company has a dual-track strategy of cash flow today and discovery tomorrow. The successful advancement of the drilling program supports this strategy by potentially adding to the resource base and enhancing the project's economics. For more information, visit https://ibn.fm/RYiLu.
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