ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has received Québec’s Authorization of Impact-Causing Exploration Work (ATI), allowing the company to proceed with its planned drilling program at the 100%-owned Montauban Gold-Silver Project. The permit enables ESGold 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 stated that 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. This dual-track strategy allows ESGold to pursue both near-term cash flow from tailings reprocessing and long-term discovery through exploration.
The Montauban project, located in Quebec, is a past-producing gold-silver mine with significant historical infrastructure. By reprocessing tailings, ESGold aims to generate revenue while conducting exploration to expand the resource base. The company is fully funded and pre-production, with production from tailings reprocessing anticipated in 2026. The drill permit is a critical step that de-risks the exploration component, as it allows ESGold to test high-priority targets without delaying the tailings reprocessing timeline.
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is advancing a scalable clean mining model across North and South America. The company’s flagship Montauban Gold-Silver Project in Quebec is under construction with production anticipated in 2026. With a dual-track strategy of cash flow today and discovery tomorrow, ESGold is building a platform for clean, sustainable growth and long-term shareholder value. For more information, visit the company’s newsroom at https://ibn.fm/ESAUF.
The full press release is available at https://ibn.fm/I4WtH.
