ESGold Corp., a pre-production gold and silver company, has made strategic moves to advance its Montauban Project in Quebec, announcing the appointment of a new board member and providing an update on site construction. The company issued 500,000 restricted share units (RSUs) to Peter Espig, a new board member with extensive experience in project finance and transitioning junior mining companies to producers. This appointment underscores ESGold's commitment to strengthening its leadership and technical expertise as it moves toward production.
Construction at the Montauban processing site continues to progress on schedule, with a significant milestone approaching. The company expects the delivery of Humphrey Spirals next week, which are critical components of the gravity recovery circuit. These spirals will play a key role in the mineral extraction process, representing a crucial step in the project's development timeline. The strategic timing of these deliveries aligns with the company's broader construction schedule and operational planning.
ESGold remains focused on its target of achieving production by the end of 2025. The Montauban property, located 80 kilometers west of Quebec City, represents a strategic asset for the company, combining near-term production potential with broader district-scale exploration opportunities. This dual focus allows ESGold to balance immediate operational goals with long-term growth prospects in a region known for its mining potential.
The project exemplifies the company's approach to responsible mining practices, emphasizing sustainable resource recovery and exploration. By integrating innovative technologies and strategic planning, ESGold is positioning itself to contribute to the evolving landscape of clean mining and exploration. The combination of experienced leadership, strategic asset development, and commitment to sustainable practices creates a comprehensive approach to project advancement that addresses both operational and environmental considerations.
