Esgold to finish Montauban building construction in Q4

Executive Summary

• Esgold Corp. reports that construction at its Montauban gold-silver project in Quebec is on track, with building completion anticipated by mid-fourth quarter 2025.
• The company confirms it is fully financed to complete the Montauban project and advance preparatory work on its Colombia joint venture, eliminating the need for immediate capital raises.
• Production is targeted for 2026, with near-term catalysts including concentrate test results from Montauban and Colombia, and ongoing systematic exploration planning.

Key Details

• Construction Timeline: Building construction at the Montauban project is progressing on schedule, with completion anticipated by mid-Q4 2025.
• Production Target: The facility is advancing toward readiness for equipment delivery and commissioning, aligning with a strategy to begin production in 2026.
• Financial Status: Esgold is fully financed to complete Montauban and validate the Colombia joint venture, citing recent financing that provides all necessary capital.
• Exploration Updates:
  • Systematic exploration planning is underway at Montauban.
  • Technical work has identified large, continuous geological structures extending to 1,200 metres, indicating district-scale potential.
  • A comprehensive 3-D geological model is in progress, integrating ambient noise tomography survey results.
  • Systematic drilling is planned to highlight the deposit's significance.
• Colombia Initiative:
  • Preparatory work is continuing on the prospective initiative in Colombia.
  • The company plans to send a technical team for on-the-ground validation, followed by deal closure and execution.
• Upcoming Catalysts: Concentrate test results from both Montauban and Colombia are expected in the near term.
• Project Status: Montauban is fully permitted. No mineral resources or reserves are declared.

Notable Quotes

• "We are extremely pleased with the steady progress at Montauban, where building construction is advancing on schedule and moving toward completion, anticipated by mid-Q4 2025. Thanks to recent funding, we are now in the position of being fully financed to complete Montauban and to advance preparatory work on our prospective initiative in Colombia." — Gordon Robb, CEO