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 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 progresses toward production goals.
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. ESGold remains focused on its target of achieving production by the end of 2025, with the Montauban property located 80 kilometers west of Quebec City representing a strategic asset for the company.
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 near-term production potential with broader district-scale exploration opportunities makes the Montauban property a significant development in Quebec's mining sector. The strategic appointments and construction progress demonstrate ESGold's systematic approach to project development and operational readiness.
