ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has received Quebec's Authorization of Impact-Causing Exploration Work (ATI), clearing the way for its planned drilling program at the 100%-owned Montauban Gold-Silver Project. 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 building a dual-track strategy of cash flow from tailings reprocessing and discovery from exploration, aiming to deliver near-term production and long-term value.
ESGold Corp. is a fully permitted, pre-production mining company advancing a scalable clean mining model across North and South America. The flagship Montauban project in Quebec is under construction with production anticipated in 2026. The permit announcement marks a key step in advancing both its exploration and production goals. For more details on the drilling permit, view the full press release at https://ibn.fm/I4WtH. The latest news and updates relating to ESAUF are available in the company's newsroom at https://ibn.fm/ESAUF.
