Latest news with #MontaubanProject
Globe and Mail
30-06-2025
- Business
- Globe and Mail
ESGold Expands Montauban Mine Building to 4,000 sq. ft. Ahead of Key Operational Milestones
Increased facility footprint reflects advanced construction progress and preparation for active gold-silver production and concentrate processing Vancouver, British Columbia--(Newsfile Corp. - June 30, 2025) - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) ("ESGold" or the "Company") is pleased to announce a significant expansion of its Montauban Project mine building to support the Company's transition into gold and silver production. Originally planned at approximately 2,000 square feet, the building is now being expanded to 4,000 square feet to accommodate enhanced operational needs and support infrastructure. This latest development reflects the Company's continued momentum and preparation for a highly active construction and commissioning season at Montauban. "As construction progresses and we prepare for near-term operations, we're not just building infrastructure—we're establishing the systems and capacity needed to support sustained production and long-term growth," said Paul Mastantuono, CEO of ESGold. "This expanded footprint reflects the pace of our momentum and the long-term vision we are committed to delivering at Montauban." Expanded Capacity for Production Readiness The enlarged facility will now include: Dedicated crew accommodations, including change rooms and showers to support on-site personnel Control rooms for monitoring the gravity separation and processing systems A secure lab space for ongoing gold and silver concentrate testing Expanded "Gold Room" storage for secure handling and safekeeping of gold and silver dore bars The Company has also shipped railbed pre-concentrate samples for ongoing lab testing, with results expected in the near term. These results will guide final adjustments to the flow sheet and may impact future on-site processing efficiency. What's Ahead for ESGold Preliminary Economic Assessment (PEA) - Imminent release of updated study outlining project economics Ambient Noise Tomography (ANT) Results - Final imaging and 3D model to be released shortly Exploration Strategy - Expansion beyond tailings into district-scale targets Scalable Processing Model - Progress toward validating a repeatable clean redevelopment framework About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. ESGold's flagship Montauban property, located 80 kilometers west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential. For more information, please contact ESGold Corp. at +1-888-370-1059 or visit for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces. Stay connected by following us on X (formerly Twitter), LinkedIn, and joining our Telegram channel. On behalf of the Board of Directors ESGold Corp. "Paul Mastantuono" CEO & Director info@ +1-888-370-1059 Forward-Looking Statements: This news release includes forward-looking statements within the meaning of applicable securities laws. These statements are based on assumptions and expectations that involve a number of known and unknown risks and uncertainties. Actual results could differ materially. Forward-looking information includes statements regarding the expected use of proceeds, the development and construction timelines of the Montauban Project, future production, and anticipated project milestones. Investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking information contained in this release is qualified by these cautionary statements. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Globe and Mail
16-06-2025
- Business
- Globe and Mail
ESGold Corp. Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - ESGold Corp. (CSE: ESAU) (OTCQB: SEKZF) (FSE: Z7D) ("ESGold" or the "Company") is pleased to announce a non-brokered private placement of units at a price of $0.73 per unit, with the goal of raising up to $3.285 million in gross proceeds. The offering is expected to close in one or more tranches, with the initial closing scheduled for June 20th, 2025. Each unit will consist of one common share in the company and one common share purchase warrant. Every whole warrant will entitle the holder to acquire one additional common share at an exercise price of $0.91, valid for an eighteen month period from the date of issuance. Use of Proceeds The net proceeds from the Offering will be allocated to: Commencement of mill circuit construction and related assembly; Final project mobilization for the Montauban Gold-Silver Project; and General working capital requirements. The private placement remains subject to approval by the Canadian Securities Exchange. About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its Montauban Gold-Silver Project toward near-term production while delivering long-term value through sustainable resource recovery and strategic exploration. The Montauban Project, located 80 km west of Quebec City, combines production-readiness with untapped district-scale exploration potential. For more information, please contact ESGold Corp. at +1-888-370-1059 or visit for additional resources, including a French version of this press release, past news releases, 3D modeling visuals, and media coverage. Stay connected by following us on X (formerly Twitter), LinkedIn, and by joining our Telegram channel. On behalf of the Board of Directors Paul Mastantuono Chief Executive Officer info@ +1-888-370-1059 Forward-Looking Statements: This news release includes forward-looking statements within the meaning of applicable securities laws. These statements are based on assumptions and expectations that involve a number of known and unknown risks and uncertainties. Actual results could differ materially. Forward-looking information includes statements regarding the expected use of proceeds, the development and construction timelines of the Montauban Project, future production, and anticipated project milestones. Investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking information contained in this release is qualified by these cautionary statements. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Yahoo
16-06-2025
- Business
- Yahoo
ESGold Corp. Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - ESGold Corp. (CSE: ESAU) (OTCQB: SEKZF) (FSE: Z7D) ("ESGold" or the "Company") is pleased to announce a non-brokered private placement of units at a price of $0.73 per unit, with the goal of raising up to $3.285 million in gross proceeds. The offering is expected to close in one or more tranches, with the initial closing scheduled for June 20th, 2025. Each unit will consist of one common share in the company and one common share purchase warrant. Every whole warrant will entitle the holder to acquire one additional common share at an exercise price of $0.91, valid for an eighteen month period from the date of issuance. Use of ProceedsThe net proceeds from the Offering will be allocated to: Commencement of mill circuit construction and related assembly; Final project mobilization for the Montauban Gold-Silver Project; and General working capital requirements. The private placement remains subject to approval by the Canadian Securities Exchange. About ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its Montauban Gold-Silver Project toward near-term production while delivering long-term value through sustainable resource recovery and strategic exploration. The Montauban Project, located 80 km west of Quebec City, combines production-readiness with untapped district-scale exploration potential. For more information, please contact ESGold Corp. at +1-888-370-1059 or visit for additional resources, including a French version of this press release, past news releases, 3D modeling visuals, and media coverage. Stay connected by following us on X (formerly Twitter), LinkedIn, and by joining our Telegram channel. On behalf of the Board of Directors Paul Mastantuono Chief Executive Officer info@ +1-888-370-1059 Forward-Looking Statements:This news release includes forward-looking statements within the meaning of applicable securities laws. These statements are based on assumptions and expectations that involve a number of known and unknown risks and uncertainties. Actual results could differ materially. Forward-looking information includes statements regarding the expected use of proceeds, the development and construction timelines of the Montauban Project, future production, and anticipated project milestones. Investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking information contained in this release is qualified by these cautionary statements. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
15-04-2025
- Business
- Globe and Mail
ESGold Corp. Issues Corporate Update as It Advances Toward Production and Expanded Exploration at Montauban
VANCOUVER, British Columbia, April 15, 2025 (GLOBE NEWSWIRE) -- via IBN - ESGold Corp. ('ESGold' or the 'Company') (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) Canada's next gold and silver producer, is pleased to provide a corporate update outlining recent milestones, exploration progress, and upcoming catalysts as the Company moves steadily toward production at its fully permitted Montauban Project in Quebec. Over the past several months, ESGold has delivered a series of strategic advancements across financing, exploration, and corporate development. These steps form the foundation of the Company's dual-track strategy—generating near-term cash flow through tailings reprocessing while unlocking the broader district-scale exploration potential of its 13,000-hectare Montauban land package. Recent Highlights C$3.4M Strategic Financing Closed On April 4, 2025, ESGold successfully closed a non-brokered private placement, enabling the initiation of final construction at the Montauban mill circuit. This milestone positions the Company to commence gold and silver production in Q3 2025. Read the release ANT Survey Reaches Final Phase The Ambient Noise Tomography (ANT) geophysical program is now in its final stage. Initial readings exceeded expectations, reaching depths of over 800m—well beyond the original 400m target. This advanced 3D imaging is expected to reveal the full size, shape, and continuity of mineralized systems for the first time in Montauban's 110-year history. Read the release Broken Hill Geological Analogue Unveiled A detailed structural and mineralogical comparison to Australia's Broken Hill deposit—one of the richest silver-lead-zinc discoveries in history—suggests Montauban may host a similarly complex and high-grade system at depth. Read the release Rhodonite Identified at Montauban The recent identification of rhodonite, a key pathfinder mineral often associated with Broken Hill-type systems, further validates the geological model and strengthens the case for discovery potential beneath known mineralized zones. Read the release What's Next for ESGold With momentum accelerating, ESGold is preparing for a series of transformative milestones: 3D Model Generation Underway The recovery of ANT survey equipment is complete, and the Company is now compiling and interpreting the data. A comprehensive 3D geological model is expected to be completed by the end of April. Subsequently, this model will be used to further incorporate historical data, VTEM results, and ANT imaging to generate refined exploration targets. Construction Phase As the Company advances toward production, contractors are currently being vetted for the upcoming construction phase at Montauban. This critical step follows the recent financing and will pave the way for the final buildout of the mill circuit, ensuring ESGold remains on track to achieve first gold and silver pour in Q3 2025. Exploration Strategy Evolution Pending interpretation of the current survey, ESGold is evaluating the potential for a broader, property-wide ANT program to systematically test the full extent of the Montauban system. Updated PEA An updated Preliminary Economic Assessment (PEA) is in progress and will reflect current all-time-high gold and silver prices. Grant Strategy The Company plans to engage a dedicated grant consulting team in the coming weeks to initiate provincial and federal funding applications. Quebec is one of the world's most supportive jurisdictions for mining innovation and sustainability, with generous programs for clean extraction, remediation, and exploration. ESGold expects the timing of potential grant funding to align with first production at Montauban. Other Corporate News The Company has issued to officers and directors a total of 1.65 million common shares via the Company's Omnibus Incentive Program. These securities are subject to a quarterly vesting provisions and a statutory hold period expiring in accordance with applicable securities legislation. A Vision for Leadership As construction moves forward and the market environment for gold and silver strengthens, ESGold is executing on its vision to become a modern leader in mining—balancing near-term revenue generation with scientific discovery and responsible environmental stewardship. ' The last few months have been foundational for ESGold, and we are entering a new phase with strong technical footing, capital in hand, and a clear path forward,' said Brad Kitchen, President of ESGold. ' With exploration underway and production imminent, we are building more than a mine— one of Canada's next precious metals producers.' The Company will continue to provide regular updates as major developments unfold across construction, exploration, and corporate initiatives. Qualified Person The technical information in this news release has been reviewed and approved by John Langton, P. Geo., an independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About ESGold Corp. ESGold Corp. (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. ESGold's flagship Montauban property, located 80 kilometers west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential. For more information, please contact ESGold Corp. at +1-888-370-1059 or visit for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces. Stay connected by following us on X (formerly Twitter), LinkedIn, and joining our Telegram channel. On behalf of the Board of Directors ESGold Corp. "Brad Kitchen" President & Director info@ +1-888-370-1059 Forward-Looking Statements: This news release includes forward-looking statements within the meaning of applicable securities laws. These statements are based on assumptions and expectations that involve a number of known and unknown risks and uncertainties. Actual results could differ materially. Forward-looking information includes statements regarding the expected use of proceeds, the development and construction timelines of the Montauban Project, future production, and anticipated project milestones. Investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking information contained in this release is qualified by these cautionary statements. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
