ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has received Quebec’s Authorization of Impact-Causing Exploration Work (ATI), permitting the company to commence a drilling program at its 100%-owned Montauban Gold-Silver Project. The permit clears the way for final site preparations and contractor mobilization as the company advances 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 proceeds 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.
This development is significant because it demonstrates ESGold’s dual-track strategy of generating cash flow from tailings reprocessing while simultaneously exploring for high-grade gold-silver mineralization. The Montauban project, located in Quebec, a stable mining jurisdiction, has historical production and existing infrastructure. The drill permit allows the company to test high-priority targets that could extend the mine life and add value beyond the reprocessing operation.
For investors, the permit reduces a key regulatory risk and shows progress toward near-term production. The tailings reprocessing facility, which is fully permitted and under construction, is expected to begin production in 2026, providing a revenue stream that can fund further exploration. Meanwhile, the drilling program could unlock additional resources, potentially increasing the project's overall economics.
The full press release can be accessed at https://ibn.fm/I4WtH. For more information about ESGold Corp., visit their newsroom at https://ibn.fm/ESAUF.
