FULL DISCLOSURE: This is sponsored content for ESGold Corp.
ESGold Corp (CSE: ESAU) has continued to see construction proceed at their Montauban Project in Quebec. The firm this morning issued a brief update on the status of construction as the gold junior works to obtain the status of producer.
Construction is said to be steadily advancing on site, with the Humphrey Spirals now installed. The Spirals are a key component to the gravity separation circuit, which will be utilized to process historical tailings to recover gold, silver, and mica concentrate. The equipment is said to support the processing of up to 1,000 tonnes per day.
Sponsored · PTX Metals Inc.
Spiral circuit concentrate testing is now ongoing, with material having already been sent to the lab for detailed analysis. The test program is designed to confirm metallurgical assumptions to ensure recovery is optimized and to accelerate the first gold and silver pours.
WATCH: Gold @ $3500: All We Need Is $700 To Break Even! | Brad Kitchen – ESGOLD Corp.
Outside of construction, a revised preliminary economic assessment has been finalized for the Montauban project, with release set to occur later this month, while an ambient noise tomography survey is nearing completion and is also expected to be released by the end of June.
“We’re nearing a convergence of data, construction, and strategic milestones that will begin to show just how real and repeatable our model is. The team is energized, execution is on track, and we’re proud to be turning vision into reality at Montauban,” commented Paul Mastantuono, CEO of ESGold.
ESGold last traded at $0.69 on the CSE.
FULL DISCLOSURE: ESGold Corp is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is long the equity of ESGold Corp. The author has been compensated to cover ESGold Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
