ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has received Québec’s Authorization of Impact-Causing Exploration Work (“ATI”) for its 100%-owned Montauban Gold-Silver Project, clearing the path for a planned drilling program. The permit allows the company to begin final site preparations and contractor mobilization while continuing 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 while 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 company is fully permitted, fully funded, and in a pre-production phase, advancing a scalable clean mining model across North and South America. Its flagship Montauban project in Quebec is under construction with production anticipated in 2026.
The dual-track strategy of generating cash flow from tailings reprocessing while pursuing exploration discoveries positions ESGold to create near-term revenue and long-term value. The receipt of the drill permit marks a significant step in unlocking the resource potential of the Montauban district, which could have implications for the raw materials mining industry by demonstrating a model for combining reprocessing of historical tailings with greenfield exploration.
For the full press release, visit https://ibn.fm/I4WtH. The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.
