ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has received Québec’s Authorization of Impact-Causing Exploration Work (ATI), permitting the company to commence drilling at its 100%-owned Montauban Gold-Silver Project. The permit allows ESGold to begin final site preparations and contractor mobilization, while the company continues development of its fully permitted tailings reprocessing operation, which remains its primary near-term focus.
Initial drilling will target the historic crown pillar and priority exploration areas identified through historical data, Ambient Noise Tomography and the company’s three-dimensional geological model. The exploration campaign is designed to validate geological interpretations, refine the company’s understanding of the Montauban district and support future exploration as construction of the tailings reprocessing facility advances in parallel.
ESGold said drill results will be incorporated into its geological model to guide future exploration, with upcoming milestones including mobilization, commencement of drilling, core analysis and the release of initial assay results. The dual-track strategy of pursuing near-term cash flow from tailings reprocessing while exploring for new discoveries positions the company for sustainable growth.
The Montauban project, located in Quebec, is under construction with production anticipated in 2026. ESGold is a fully permitted, fully funded pre-production mining company advancing a scalable clean mining model across North and South America. The company’s newsroom provides the latest updates on ESAUF at https://ibn.fm/ESAUF.
For more information on the drill permit announcement, the full press release is available at https://ibn.fm/I4WtH.
