ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) announced the completion of its main mill building at the Montauban Gold-Silver Project in Quebec, moving the company closer to its near-term cash flow strategy of initiating production. The milestone transitions the focus from construction to equipment sourcing, delivery, and installation, with commissioning as the next target.
According to the company, the completion of the mill building is a significant achievement that paves the way for revenue generation, which will in turn support longer-term gold and silver exploration across its district-scale land package. Gordon Robb, ESGold’s CEO, stated that this milestone represents tangible progress and transitions the company from construction to commissioning.
Going forward, ESGold is concentrating on sourcing, delivery, and installation of equipment necessary for the mill's operation. The company is also in the final stages of comprehensive 3D geological modeling for the Montauban district, which is expected to inform drill targets and identify mineralized structures. This modeling work is crucial for optimizing exploration efforts and expanding the resource base.
The Montauban Gold-Silver Project is located in Quebec, a mining-friendly jurisdiction with established infrastructure. ESGold’s strategy involves using initial production from the mill to generate cash flow that will fund further exploration activities, potentially enhancing the project’s value.
For more information, the latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.
