ESGold Corp. has made substantial progress in its transition to mineral production with the successful delivery of gravity separation equipment to its Montauban project in Quebec. The installation of Humphrey spiral concentrators represents a critical milestone for the company's near-term production strategy.
The new processing system will have the capacity to handle up to 1,000 tonnes of historic tailings per day, with the primary goal of producing a marketable mica concentrate while simultaneously recovering gold and silver. This approach demonstrates the company's commitment to efficient resource extraction and sustainable mining practices.
CEO Paul Mastantuono characterized the equipment delivery as a tangible advancement toward the company's production objectives. The project is currently on track, with construction progressing and first production targeted for the end of 2025. An updated preliminary economic assessment is expected to be released in the near future, which will provide further insights into the project's economic potential.
Located 80 kilometers west of Quebec City, the Montauban property serves as a model for responsible mining practices. The project combines the immediate goal of near-term production with the long-term potential for district-scale mineral discovery. By focusing on processing historic tailings, ESGold is showcasing an innovative approach to resource recovery that maximizes value from existing mining sites.
The gravity separation circuit represents a significant technological investment that could enhance the economic viability of the Montauban project. By efficiently extracting mica, gold, and silver from historical tailings, the company is not only creating a new revenue stream but also demonstrating a commitment to sustainable and efficient mineral processing.
For the mining industry, ESGold's approach highlights the potential for extracting value from previously overlooked or abandoned mining sites. This strategy could serve as a blueprint for other mining companies seeking to optimize resource recovery and minimize environmental impact.
