ESGold Corp. Receives Québec Drill Permit for Montauban Project, Advancing Dual-Track Strategy

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has received Québec’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 Montauban project is located in Québec, a mining-friendly jurisdiction with established infrastructure. ESGold is advancing a dual-track strategy: generating cash flow from tailings reprocessing while pursuing discovery through exploration. The company has stated that production from the tailings reprocessing facility is anticipated in 2026.

To view the full press release, visit https://ibn.fm/I4WtH.

ESGold Corp. is a fully permitted, pre-production mining company advancing a scalable clean mining model across North and South America. The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.