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 way 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 and funded for both the drilling and the reprocessing operation, with production anticipated in 2026.
This dual-track strategy aims to generate cash flow from the tailings reprocessing while pursuing discovery through exploration. The Montauban project, located in Quebec, is a district-scale opportunity with historical production. The permit marks a significant step in unlocking value from both the reprocessing and exploration potential.
For more details, the full press release is available at https://ibn.fm/I4WtH. Latest news and updates relating to ESAUF are available at https://ibn.fm/ESAUF.
