The Montauban Mine Property was mined intermittently from 1910 to 1990, resulting in several tailings piles that the Company plans to reprocess using modern milling techniques while also remediating the site. The primary focus is the Anacon Lead 1 tailings site, which underwent a historic resource estimation in 2011 and will be remediated as part of the project. Additionally, four other tailings sites will be assessed as potential sources for modern mill feed. The underlying hard rock mineralization, previously mined, will be subjected to modern systematic exploration aimed at building a resource to provide future mill feed after the tailings have been fully reprocessed.

The Montauban Mine Property has a rich history of mining, but with that comes the responsibility to remediate and reprocess the resulting tailings piles. The Company is dedicated to modernizing the milling techniques used and ensuring proper remediation of the site.

With the primary focus on the Anacon Lead 1 tailings site, which underwent a historic resource estimation in 2011, we are confident in our ability to effectively remediate this area as part of our project. In addition, four other tailings sites will be assessed as potential sources for modern mill feed, further expanding our efforts towards sustainability and responsible resource management.

But it doesn’t stop there. Our dedication to sustainable practices extends beyond just the reprocessing of tailings. We are also committed to exploring and developing the underlying hard rock mineralization on the property, which was previously mined but has potential for future mill feed. By utilizing modern systematic exploration techniques, we aim to build a resource that will provide long-term sustainability for our operations.

We understand the urgency of addressing environmental concerns and implementing sustainable practices in the mining industry. That’s why we are taking proactive steps towards remediation and modernizing our techniques at Montauban Mine Property. With your support, we can continue to make progress towards a more responsible and sustainable future for mining. Join us as we strive for excellence in both environmental stewardship and resource management at Montauban Mine Property. Together, we can make a positive impact on the industry and our planet. So let’s work together towards a brighter, greener future for mining. Let’s turn this historic mine site into a shining example of responsible mining practices while simultaneously providing the critical minerals and precious metals that will be required for the green transition.

Sincerely,
The Team at ESGold

3D Model of the Montauban Gold and Silver Processing Plant

Work and equipment arrive at Montauban

Introduction to Infrastructure and Production

Community Impact and Future Exploration

Project Overview

Montauban Gold Project

Located in mining friendly Quebec Canada

  • 80 km North-West of Quebec City
  • 65 mining claims and 1 mining concession covering 1846 hectares

Anacon Tailings Historical Estimate

  • 462,000 tons grading 0.31 g/t Au, 32 g/t Ag, 5% mica
  • 700,000 tons Resource Potential

MINING CONCESSIONS, CLAIMS & PERMITS

  • 65 mining claims and 1 mining concession, approximately 1846 hectares, comprise the Montauban Mine Property, sector of the Notre-Dame-de-Montauban municipality, Quebec.
  • Certificate of Authorization from the Quebec Ministry of Environment to operate a waste mine treatment plant issued in September 2012.
  • Mill Building Permit from the Municipality issued in Fall 2012.
  • Montauban Mine Property mining concession CM 410 issued in October 2013.
  • Restoration Plan approved by the Ministry of Natural Resources with a permit issued in February 2014.
  • Amendment of the Certificate of Authorization to include processing of the mining residues by a closed cyanide circuit issued in March 2014.

2024 VALUE DRIVERS

MONTAUBAN – ROAD TO PRODUCTION

  1. Projected is fully permitted to operate 1000m/t per day Merrill-Crowe closed circuit process system for processing tailings at Montauban
  2. Infrastructure in place includes steel structure building (16,000 ft2), Quebec Hydro power line and all access roads to mill building and tailings piles
  3. 60% of the required milling equipment required to operate the mill has been recently purchased and on-site
  4. Construction of the processing circuit will take 9 to 12 months
  5. Funding for completion of the mill is targeted for fall of 2024

MONTAUBAN – HARD ROCK EXPLORATION

  • Based on historical information, the company estimates it could add up to 9 -12 years of further production with a significant increase in the grade of the resource.

PROJECT HIGHLIGHTS

  1. Fully permitted processing operations for 1,000 t/d mill
  2. Mill building and infrastructure, including hydroelectric line , is completed
  3. Mill engineering has been completed by Alphard Engineering in Montreal
  4. Heavy Mill Equipment has been secured and has been moved to the site.
  5. Installation for pilot plan (500 t/d) to begin Q3 2024 subject to financing
  6. 5 Tailings sites requiring remediation
  7. Historically an operating mine from 1919 to 1990

THE MONTAUBAN SITE OPPORTUNITY

  • ESGold has the opportunity to create significant asset value for its shareholders by processing the existing gold, silver and mica found in the toxic mine tailings while satisfying the corporate ESG objectives of removing the toxins and restoring the sites back to a natural “green” state.
  • This includes the Montauban site, which has the status of an abandoned mine site since the companies responsible for the contamination no longer exist, leaving the province responsible for restoration
  • This project is fully scalable as there are numerous other abandoned mining and mining exploration sites in Quebec with contaminated tailings where this process could be repeated
  • Revenues from the resource recovery in the existing tailings will provide the necessary capital to advance the near surface and underground resource and its advancement to Feasibility.