HIGHLIGHTS
“The continuity, depth, and scale of the structures we’re seeing suggest the original mine was just the tip of the iceberg.” — Gordon Robb, CEO, ESGold Corp.
District-scale potential: 1,200m deep structures may indicate a much larger system beneath the historic mine
Dual-track upside: Near-term gold-silver production alongside deep exploration potential
Low-risk entry to cash flow: Fully permitted tailings operation means no big CAPEX
No dilution model: Exploration to be funded by internal cash flow, not equity raises
High-margin profile: Surface tailings allow for low capex and rapid payback
Top-tier jurisdiction: Located in mining-friendly Quebec with strong infrastructure
With gold reaching all-time highs in both USD and CAD, ESGold Corp. (CSE: ESAU | OTCQB: ESAUF) is emerging as a rare junior with both near-term cash flow and long-term exploration potential. The company is advancing toward gold-silver production at its fully permitted Montauban Project in Quebec, while newly released subsurface data points to a potentially district-scale system beneath the historic mine.
In its latest technical update, ESGold reported the identification of geological structures extending to depths of 1,200 metres — far beyond previously mined zones — based on results from advanced seismic imaging.
NEW TECH UNLOCKS OLD GROUND
The discovery was made using Ambient Noise Tomography (ANT), a modern, non-invasive technique that maps subsurface structures using naturally occurring seismic waves. This method allows ESGold to model underground features without drilling, minimizing cost and surface impact. The early results suggest the Montauban system may be significantly more extensive than previously believed.
“We’re seeing signatures that resemble the structural architecture of globally significant systems — but we are still in the early stages of exploration.” — André Gauthier, Director of Exploration, ESGold Corp.
PATH TO PRODUCTION ALREADY IN MOTION
While exploration potential is expanding, ESGold remains focused on near-term production. The company is fully permitted and in the midst of facility construction, targeting initial operations by late 2025. By processing surface tailings — already stockpiled — ESGold aims to generate early revenue with minimal capex and no underground mining.
The newly expanded 4,000 sq. ft. processing facility is being designed to handle 500–1,000 tonnes per day. An updated Preliminary Economic Assessment (PEA), expected by the end of summer, will reflect current metals pricing and provide further economic detail.
DE-RISKED EXPLORATION FUNDED BY CASH FLOW
Unlike many exploration juniors dependent on public financings, ESGold intends to use its production-generated cash flow to support future drilling. This strategy helps preserve shareholder value and reduces dilution. A 3D geological model, incorporating data from the ANT survey and historical drilling, is in development and will guide next-phase targeting.
A JUNIOR WITH MAJOR AMBITION
ESGold is positioning itself to become both a producer and a long-term explorer — a rare dual capability in the small-cap mining sector. With construction progressing, a PEA pending, and district-scale potential under evaluation, the company is entering a high-catalyst phase.
Watch the full CEO interview with Gordon Robb on AGORACOM to learn how ESGold is transforming historic ground into a modern growth story in Canadian gold.
