AI Enhanced 3D Model Defines a Potential District Scale Gold and Silver System at ESGold's Montauban Project

Executive Summary

• ESGold announced the partial completion of a comprehensive 3‑D geological model for its Montauban Gold‑Silver Project, highlighting a potential district‑scale volcanogenic massive sulphide (VMS) system with gold, silver, zinc and lead enrichment.
• The model integrates >50 years of drilling, mine‑plan and geologic data, revealing continuous stacked mineralized horizons aligned with regional fault structures that remain open at depth and along strike.
• ESGold plans to leverage the model to guide a property‑wide ANT seismic survey, digitize historic records, and launch a systematic step‑out and infill drilling program funded by near‑term cash flow from tailings reprocessing.

Key Details

• Model Development: Executed by Geomatic World Inc.; consolidates historical drill logs, mine plans, and modern geophysical data into a single digital twin of the Montauban property.
• Geological Interpretation:
• Identifies multiple gold‑ and silver‑rich sulphide horizons extending beyond historic underground workings.
• Mineralization geometry parallels VMS districts such as Broken Hill (Australia) and Millenbach (Noranda, Québec).
• Structural coherence suggests a large‑scale, multi‑horizon system with potential for significant tonnage.
• Digital Integration: Model combines hard‑rock mineralized zones with historic tailings volumes, supporting both near‑term processing cash flow and long‑term exploration targeting.
• Exploration Implications:
• Property‑wide ANT passive seismic program to map deeper structures and additional pods.
• Ongoing digitization of historical underground mine records to enhance target prioritisation.
• Development of a systematic drilling roadmap focusing on step‑out and infill holes along identified structural corridors.
• Permitting & Funding: Montauban mill building construction is complete; procurement of the Merrill‑Crowe processing circuit is underway, providing cash flow that can self‑fund upcoming exploration without dilution.
• Next Steps Timeline (as outlined):
  1. Expand ANT survey across the entire property.
  2. Incorporate all historic mine data into the 3‑D model.
  3. Finalise and commence systematic drilling program.
  4. Initiate drill permitting process.

Notable Quotes

• Gordon Robb, CEO & Director: “The Montauban model is the most significant technical milestone in the project’s modern history… With our cash‑flow‑ready tailings operation and construction well advanced, we’re uniquely positioned to self‑fund exploration across the property and accelerate discovery without excessive dilution.”

Materiality Assessment: Material – Positive (the release provides substantive new geological insight that could materially affect the valuation of ESGold’s flagship project).