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ESGold Corp.
CSE: ESAUOTCQB: ESAUFFSE: Z7D
The Montauban Project is ESGold’s flagship gold-silver development asset located in Québec, Canada. The project is designed as a fully permitted tailings-to-cash operation, recovering gold, silver, and mica from historic mine tailings while advancing district-scale exploration potential across the surrounding Montauban mining camp.
In the company’s words, from esgold.com/montauban-project, read 2026-11-05.
Everything under the headings below is quoted word for word from the company’s page. Headings are Paydirt’s.
Key highlights
- Fully permitted and fully funded to commissioning and first production
- Mill building completed with 1,000 tonnes per day processing capacity
- Expanded ANT-2 survey and updated property-scale 3D geological model completed across approximately 70 km²
- Integrated geological database includes 1,637 drillholes and 1,707 regional multi-element samples
- Expanded land position to 485 claims covering approximately 244 km² (24,414 hectares)
Location
The Montauban project is located in Montauban Township in Portneuf County, Québec, approximately:
- 80 km from Québec City
- 60 km from Trois-Rivières
The model
Montauban is built around ESGold’s tailings-to-cash model, which converts historic mine waste into revenue-generating mineral production.
- Recover precious metals from historic tailings
- Generate operating cash flow
- Use that cash flow to fund exploration across the district
Infrastructure and construction
Significant infrastructure has already been installed at Montauban, with commissioning activities now underway.
- 20,000 sq ft modular processing facility
- 1.3 km hydropower service line
- All-weather road access
- Fully permitted construction & operations
- On-site laboratory and gold room
- Processing plant rated for 1,000 tonnes per day
The mill building has been completed, with equipment installation, integration and commissioning activities now underway.
The Montauban processing facility utilizes a Merrill-Crowe recovery circuit, a proven and widely used precious metals processing method.
Tailings mineral resources
| Category | Tonnes | Au (g/t) | Ag (g/t) |
|---|---|---|---|
| Indicated | 603,700 | 0.40 | 31.45 |
| Inferred | 319,300 | 0.41 | 36.93 |
Recoveries
Metallurgical recoveries used in the economic model:
- Gold recovery: 89.3%
- Silver recovery: 77%
Preliminary Economic Assessment (2025)
- 105% pre-tax IRR
- $44.5M pre-tax NPV (5%)
- Less than 2-year payback
PEA price assumptions
Price assumptions used in the study
- Gold: US$2,900/oz
- Silver: US$32/oz
Exploration and land
A 5,000-metre surface diamond drilling program across 29 proposed holes is currently underway, focused primarily on the historic Montauban mine area.
Following the new geological model, ESGold expanded its land position to secure structural trends extending beyond the original project boundary.
The Company now controls:
- 485 MINING CLAIMS
- 24,414 HECTARES
- 244 km²
Notes
ESGold, from the company. Forward-looking information. Not a guarantee of future performance, investment advice, or an offer of securities. See ESGold Corp’s continuous disclosure on SEDAR+.
Paydirt note. The Preliminary Economic Assessment is preliminary in nature. It includes Inferred mineral resources, which are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the Preliminary Economic Assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Paydirt note. The technical report, the qualified person and the effective date of the mineral resource estimate are in ESGold's filings on SEDAR+.
Latest releases
All releases →- ESGold Expands Historic Mine Waste Reclamation Strategy With Second MOU, Bringing Total Proposed Annual Aggregate Supply to 500,000 TonnesESGold Corp (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) ("ESGold" or the "Company") is pleased to announce that it has signed a second Memorandum of Understanding ("MOU"), this time with Gestion D.Read on the company’s site →
- ESGold Advances Historic Mine Waste Reclamation With MOU for Up to 300,000 Tonnes of Aggregate AnnuallyESGold Corp (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) ("ESGold" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Culture H.Read on the company’s site →
- ESGold Surpasses 4,000 Metres Drilled at Montauban, Expanding Drilling Beyond the Historic MineESGold Corp (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) (the "Company" or "ESGold") is pleased to provide an update on its 2026 diamond drilling program at its flagship Montauban project ("Montauban" or the "Montauban Project"), located...Read on the company’s site →
- ESGold Intersects Multiple Sulphide-Bearing Intervals as Montauban Drilling Surpasses 2,000 MetresESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) (the “Company” or “ESGold”) is pleased to provide an update on its 2026 diamond drilling program at the Montauban Project, located approximately 80 kilometres west of Québec...Read on the company’s site →
- ESGold Completes Expanded ANT Survey and 3D Geological Model, Defining a Broader Mineralizing-System Framework and New Exploration Opportunities at MontaubanESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) (the “Company” or “ESGold”) is pleased to announce the completion of its expanded Phase 2 Ambient Noise Tomography (“ANT-2”) survey and an updated property-scale...Read on the company’s site →
- ESGold Advances Montauban Commissioning With Arrival of Key Processing EquipmentESGold Corp. (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) (“ESGold” or the “Company”) is pleased to announce the arrival of additional key processing equipment at its fully permitted Montauban Gold-Silver Project in Québec as...Read on the company’s site →
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Disclosure
This page is a paid advertisement on behalf of ESGold Corp. Apollo Shareholder Relations, which publishes Paydirt Capital, is paid through Caram Media Inc. for investor communication services for ESGold. Caram Media's engagement, including stock options, was announced by ESGold on October 15, 2024. See the ESGold news releases. Apollo has a financial interest in the company and a conflict of interest.
Company text on this page is quoted from the company’s own website as published on the date shown and has not been verified by Paydirt Capital. This page is for information only. It is not investment advice, a recommendation, or an offer or solicitation to buy or sell any security. Investing in exploration and development companies is high risk, and you could lose your entire investment. Read the company’s filings on SEDAR+ and speak with a registered adviser before making any decision.