ESGold Corp Advances Montauban Project with New Board Appointment and Construction Milestones
TL;DR
ESGold issued 500,000 RSUs to new board member Peter Espig, enhancing project development expertise, aiming for production by 2025.
ESGold advances Montauban Project in Quebec with construction progress on gravity recovery circuit, targeting production by year-end 2025.
ESGold focuses on clean mining and exploration innovation, promoting sustainable resource recovery, and responsible mining practices for a better future.
ESGold's Montauban Project in Quebec integrates experienced finance professionals, highlighting advancements in gold and silver production with innovative technology.
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ESGold Corp., a pre-production gold and silver company, has taken significant steps in advancing its Montauban Project in Quebec by appointing a new board member and progressing with site construction. The company issued 500,000 restricted share units to Peter Espig, a director with extensive experience in project finance and transitioning junior mining companies to producers. This strategic appointment signals the company's focus on developing a robust and efficient path to production as it moves closer to becoming an active gold and silver producer.
The company confirmed that construction at its Montauban processing site is proceeding on schedule, with a key milestone being the upcoming delivery of Humphrey Spirals that will be critical to the site's gravity recovery circuit. ESGold remains committed to its production timeline, targeting commercial production by the end of 2025. The ongoing construction progress and strategic leadership changes demonstrate ESGold's commitment to sustainable resource recovery and exploration in the Quebec mining landscape.
Located 80 kilometers west of Quebec City, the Montauban property represents a strategic asset for ESGold positioned as a model for responsible mining practices. The project balances near-term production goals with significant district-scale discovery potential, creating value through both immediate operational development and long-term exploration opportunities. Espig's expertise in project finance and corporate development is expected to provide valuable insights during this critical development phase.
The combination of leadership strengthening and construction advancement highlights ESGold's comprehensive approach to project development. The company's focus on both operational milestones and strategic governance positions it well for successful transition from exploration to production. This dual-track progress underscores the company's commitment to creating shareholder value through disciplined project execution and responsible resource development in one of Canada's premier mining jurisdictions.
Curated from InvestorBrandNetwork (IBN)
