ESGold Corp. has achieved a significant milestone at its Montauban project in Quebec with the installation of Humphrey spiral concentrators, a move that underscores the company's innovative approach to gold and silver recovery from historic tailings. This technology enables gravity separation, a method that aligns with ESGold's clean mining strategy, aiming for a processing throughput of up to 1,000 tonnes per day. CEO Paul Mastantuono has confirmed that the project is on schedule, with first production expected by the end of 2025, highlighting the company's dedication to sustainable resource recovery in Quebec's mining sector.
The Montauban project is set against the backdrop of a strong period for Canadian gold production, with Canada being the fourth-largest gold-producing country in the world. Major players such as Barrick Gold, Kinross Gold, and B2Gold have reported robust first-quarter results in 2025, further emphasizing the significance of ESGold's advancements. The company is not only focusing on immediate production but is also preparing an updated Preliminary Economic Assessment (PEA) and plans to release a detailed 3D geological model soon, showcasing the Montauban property's potential for near-term production and extensive exploration opportunities.
Located 80 kilometers west of Quebec City, the Montauban property is a strategic asset for ESGold. The installation of the gravity separation circuit at the site reflects the company's commitment to low-impact mining techniques. By focusing on historic tailings, ESGold is pioneering an environmentally conscious approach to mining that could set a precedent for future projects. This initiative not only promises a new revenue stream but also contributes to the broader goal of sustainable resource extraction, making it a noteworthy development in the mining industry.
