ESGold Completes Montauban Mill Building Construction and Moves Toward Production Readiness
ESGold (OTCQB:ESAUF) completed the main mill building at its fully permitted Montauban gold-silver project on November 10, 2025, including the on-site gold room and laboratory, and has begun equipment procurement and installation.
The company started sourcing Merrill-Crowe circuit components and expects commissioning after installation, targeting first gold and silver production in 2026. A comprehensive 3D geological model and a targeted drill program are being finalized to guide exploration and resource expansion.
The Montauban project is supported by an updated PEA showing after-tax NPV(5%) C$24.27M and after-tax IRR 60.3%, with a payback under two years; ESGold cautions the production decision was not based on a full feasibility study.
ESGold (OTCQB:ESAUF) ha completato l'edificio principale del mulino al suo progetto Montauban di oro-argento, completamente autorizzato, il 10 novembre 2025, includendo la sala oro e il laboratorio in loco, e ha iniziato l'approvvigionamento e l'installazione delle apparecchiature.
L'azienda ha iniziato a reperire componenti del circuito Merrill-Crowe e prevede l'avviamento dopo l'installazione, puntando a una prima produzione di oro e argento nel 2026. Un modello geologico 3D completo e un programma mirato di pozzi sono in fase di finalizzazione per guidare l'esplorazione e l'espansione delle risorse.
Il progetto Montauban è supportato da un aggiornato PEA che mostra, dopo le tasse, un NPV(5%) C$24,27M e un IRR 60,3% dopo le tasse, con un recupero inferiore a due anni; ESGold avverte che la decisione di produrre non è basata su uno studio di fattibilità completo.
ESGold (OTCQB:ESAUF) completó el edificio principal de la planta durante su proyecto Montauban de oro-plata, con todas las autorizaciones, el 10 de noviembre de 2025, incluyendo la sala de oro en el sitio y el laboratorio, y ha comenzado la adquisición e instalación de equipos.
La empresa empezó a obtener componentes del circuito Merrill-Crowe y espera la puesta en marcha tras la instalación, apuntando a la primera producción de oro y plata en 2026. Se está finalizando un modelo geológico 3D completo y un programa de perforación específico para guiar la exploración y la expansión de recursos.
El proyecto Montauban está respaldado por un PEA actualizado que muestra, después de impuestos, un NPV(5%) C$24.27 M y un IRR del 60.3%, con un payback inferior a dos años; ESGold advierte que la decisión de producir no se basó en un estudio de factibilidad completo.
ESGold (OTCQB:ESAUF)은 2025년 11월 10일에 허가를 받은 몽토방 금-은 프로젝트의 주요 제련소 건물을 완공했고, 현장 금실과 실험실을 포함하여 설비 조달 및 설치를 시작했습니다.
회사는 Merrill-Crowe 회로 구성 요소를 조달하기 시작했으며 설치 후 시운전을 기대하고 있으며 2026년에 금과 은의 첫 생산을 목표로 하고 있습니다. 탐사 및 자원 확장을 안내하기 위한 종합적인 3D 지질 모델과 표적 시추 프로그램이 마무리 단계에 있습니다.
몽토방 프로젝트는 세후 NPV(5%): C$24.27M 및 세후 IRR 60.3%의 업데이트된 PEA를 통해 뒷받침되며, 2년 이내의 회수 기간을 제시합니다. ESGold는 생산 결정이 전면 타당성 연구를 바탕으로 이루어진 것이 아님을 주의합니다.
ESGold (OTCQB:ESAUF) a achevé le bâtiment principal de l'usine du moulin sur son projet Montauban d'or-argent entièrement autorisé, le 10 novembre 2025, y compris la salle d'or sur site et le laboratoire, et a commencé l'approvisionnement et l'installation des équipements.
La société a commencé à sourcer les composants du circuit Merrill-Crowe et prévoit la mise en service après l'installation, en visant une première production d'or et d'argent en 2026. Un modèle géologique 3D complet et un programme de forage ciblé sont en cours de finalisation pour guider l'exploration et l'expansion des ressources.
Le projet Montauban est soutenu par un PEA mis à jour montrant après impôt une NPV(5%) de C$24,27 M et après impôt un IRR de 60,3%, avec un délai de payback inférieur à deux ans; ESGold avertit que la décision de production n'était pas basée sur une étude de faisabilité complète.
ESGold (OTCQB:ESAUF) hat das Hauptmühlengebäude seines vollständig genehmigten Montauban-Gold-Silber-Projekts am 10. November 2025 fertiggestellt, einschließlich des Goldraums vor Ort und des Labors, und hat die Beschaffung und Installation der Ausrüstung begonnen.
Das Unternehmen begann mit der Beschaffung von Merrill-Crowe-Schaltkreis-Komponenten und rechnet mit einer Inbetriebnahme nach der Installation, mit Ziel der ersten Gold- und Silberproduktion im 2026. Ein umfassendes 3D-geologisches Modell und ein gezieltes Bohrprogramm werden fertiggestellt, um Exploration und Resource-Expansion zu steuern.
Das Montauban-Projekt wird durch eine aktualisierte PEA gestützt, die nach Steuern einen NPV(5%) C$24,27 Mio. und nach Steuern einen IRR 60,3% zeigt, mit einer Amortisationszeit von weniger als zwei Jahren; ESGold weist darauf hin, dass die Produktionsentscheidung nicht auf einer vollständigen Machbarkeitsstudie basiert.
ESGold (OTCQB:ESAUF) أكملت مبنى المطحن الرئيسي في مشروع Montauban للذهب-الفضة الحاصل على جميع التصاريح، في 10 نوفمبر 2025، بما في ذلك غرفة الذهب في الموقع والمختبر، وبدأت في توريد المعدات وتركيبها.
بدأت الشركة في توريد مكونات دائرة Merrill-Crowe وتتوقع التشغيل بعد التركيب، باستهداف أول إنتاج للذهب والفضة في 2026. يتم الآن الانتهاء من نموذج جيولوجي ثلاثي الأبعاد كامل وبرنامج حفر مستهدف لتوجيه الاستكشاف وتوسيع الموارد.
مشروع Montauban مدعوم بعبارة PEA محدثة تظهر بعد الضرائب NPV(5%) C$24.27M وبعد الضرائب IRR 60.3%، مع فترة استرداد تقل عن عامين؛ تحذر ESGold أن قرار الإنتاج لم يستند إلى دراسة جدوى كاملة.
- Main mill building construction completed (structure, gold room, lab)
- Procurement started for Merrill-Crowe circuit processing equipment
- Updated PEA: After-tax NPV(5%) C$24.27M and IRR 60.3%
- Targeting first gold and silver production in 2026
- Production decision not based on a feasibility study, increasing project risk
- PEA-scale economics may change; study is preliminary and not reserves-based
Facility completion marks a major milestone as equipment procurement and installation begin; exploration planning accelerates ahead of comprehensive 3D model release.
VANCOUVER, BC / ACCESS Newswire / November 10, 2025 / ESGold Corp. ("ESGold" or the "Company") (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) is pleased to announce the completion of the main mill building at its fully permitted Montauban Gold-Silver Project in Quebec, marking a key step on the Company's path toward production. With structural work finalized, ESGold is now advancing to equipment procurement and installation, moving the Project into its commissioning phase.
The Montauban mill building structure, concrete flooring, and interior divisions have been fully completed. The on-site gold room and laboratory are now complete, providing facilities for metallurgical testing and exploration analysis, while securely housing gold and silver doré prior to shipment to off takers and refineries. With the facility complete, ESGold is now transitioning to the next critical phase-equipment sourcing, delivery, and installation-to prepare for commissioning.
Next Steps Toward Production
ESGold has initiated procurement of the processing equipment required to complete the Merrill Crowe circuit, including clarifying tanks, filtration units, and vacuum systems. Once all components are received, the team will move into system integration and commissioning, ensuring seamless alignment with the plant's clean, closed-circuit design.
The Company anticipates commissioning activities to follow shortly after installation, leading to the first gold and silver production from Montauban in 2026.
Quote from Gordon Robb, CEO
"Completing the mill building is a defining achievement for ESGold. This milestone transitions us from construction to commissioning and represents tangible progress toward near-term production," said Gordon Robb, CEO of ESGold Corp. "Our team has done an incredible job keeping the project on schedule. We are now focused on ordering, installing, and integrating equipment to bring Montauban online. In parallel, our geological team is finalizing the comprehensive 3D model that will guide the next phase of exploration and expansion. We're building not just a mine, but a long-term platform for growth and value creation for our shareholders."
Exploration Planning and 3D Model Progress
As construction advances, ESGold's geological and technical teams are completing the final stages of the comprehensive 3D geological model for the Montauban district. This model integrates geophysical, historical, and ANT survey data to refine drill targets and identify deeper mineralized structures. The results will form the foundation for an expanded exploration strategy designed to unlock Montauban's broader discovery potential.
Upcoming Milestones
Completion and public release of the Montauban 3D geological model to guide exploration and resource expansion.
Initiation of a targeted exploration and drill program based on newly interpreted structural data.
Sourcing and procurement of key processing equipment to advance construction and readiness for commissioning.
Delivery and installation of Merrill-Crowe circuit components to enable on-site gold and silver recovery.
Progress toward first gold and silver production in 2026, marking the transition from construction to operations.
Why This Matters to Investors
Completion of the Montauban mill building de-risks ESGold's transition to production and demonstrates the Company's ability to execute efficiently. With funding secured, construction complete, and procurement underway, ESGold is well positioned to move from build to commissioning. The combination of near-term cash flow potential and large-scale exploration upside continues to define ESGold as one of Canada's most advanced, scalable clean-mining developers.
Qualified Person
The technical content of this news release has been reviewed and approved by John Langton (P.Geo.), a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The bench testing summarized in this press release was supervised by Edmond St-Jean, Ing., whose underlying report notes that samples were collected from the Montauban site and used as received for metallurgical analysis. Data and results are preliminary but considered reliable for disclosure purposes.
Reliance on Updated Preliminary Economic Assessment (PEA)
ESGold's advancement of the Montauban Project is supported by the results of its Updated Preliminary Economic Assessment (PEA), which remains the current technical study for the property. The PEA outlined an after-tax NPV (
Cautionary Note on Production Decision
The Company cautions that its decision to proceed with site construction and procurement of processing equipment at the Montauban Project is not based on a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and a higher risk of economic or technical failure associated with the Project's development compared with projects supported by a full feasibility study and defined mineral reserves. The Company's production decision has been made using information contained in its updated PEA, historical operating data, metallurgical testing, and management's assessment of the Project's potential for sustainable operations.
About ESGold Corp.
ESGold Corp. (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. The Company's flagship Montauban Gold-Silver Project in Quebec is under construction with production anticipated in 2026. ESGold is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. With a dual-track strategy of cash flow today and discovery tomorrow, ESGold is building a platform for clean, sustainable growth and long-term shareholder value.
For more information, please contact ESGold Corp. at +1-888-370-1059 or visit esgold.com for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces.
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For further information or to connect directly, please reach out to Gordon Robb, CEO of ESGold Corp. at gordon@esgold.com or call 250-217-2321.
On behalf of the Board of Directors
ESGold Corp.
Paul Mastantuono
Chairman & COO
info@esgold.com
+1-888-370-1059
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding metallurgical recoveries, project economics, construction timelines, and exploration potential. Forward-looking information is based on reasonable assumptions believed to be current but involves known and unknown risks and uncertainties that may cause actual results to differ materially. Historical data referenced herein is not current, has not been independently verified by ESGold, and should not be relied upon for investment decisions. ESGold disclaims any obligation to update or revise forward-looking information except as required by law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: ESGold Corp
View the original press release on ACCESS Newswire
FAQ
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