- ESGold Corp. (ESAUF, Financial) identifies a significant geophysical anomaly in the southwest zone of its Montauban Project.
- The company's land holdings now span 255 mining claims over 13,116 hectares, the largest in the Montauban region.
- ESGold plans to release a comprehensive 3D geological model in May, enhancing its exploration strategy.
ESGold Corp. (ESAUF) has announced the discovery of a substantial geophysical anomaly in the southwestern portion of its Montauban Project. This development follows an internal review of 2015 VTEM survey data and historical drill databases. The anomaly, defined by a high conductivity (bfz30 EM) coinciding with a strong magnetic signature (TMI), suggests a potential buried sulfide-rich Volcanogenic Massive Sulfide (VMS) environment, marking a new exploration target for ESGold.
In a strategic expansion, ESGold's land position now includes 255 mining claims totaling 13,116 hectares, making it the largest claim package in the Montauban region. This expansion was designed to capture high-priority anomalies, leveraging the data from the original VTEM survey conducted between December 2014 and January 2015.
The company is advancing towards the release of its first comprehensive 3D geological model, which will integrate 2015 VTEM and TMI data, over 950 historical drillholes, and more than 18,000 assays of Au, Ag, and Zn. Scheduled for release in May, this model aims to provide a clearer understanding of the project’s geology and guide future exploration efforts.
Additionally, ESGold continues working towards near-term production through tailings reprocessing, with operations anticipated to commence by the end of 2025. Future initiatives include interpreting ANT survey results, enhancing exploration strategies, updating the Preliminary Economic Assessment (PEA) using current metals pricing, and continuing construction activities to support this timeline.
The ongoing Ambient Noise Tomography (ANT) survey, capable of imaging depths up to 800 meters, is a critical component of ESGold’s strategy to validate the southwest anomaly's potential scale and complexity. The data from this survey will be incorporated into the 3D geological model, further guiding ESGold’s exploration and drilling plans.
