The mineral claims comprising the Montauban property (the “Property”) are located in southern Quebec, 120 km west of Québec City and 80 km northeast of Trois-Rivières and straddle the border of the Mauricie and Capitale-Nationale Administrative Regions of Quebec. ESGold presently holds 96 mining claims totalling approximately 3,527 hectares on the Montauban Property. Recently completed PEA confirms viability of the Montauban Project with $62M+ of revenue from the tailings processing. Additionally, the report highlights historical underground hard-rock resource prepared by Mr. J. Marchand in 2003, which is not considered current by the Company. The 2003 technical report describes two surface blocks: one identified as the south block with 114,473 tons at 6.1 g/t Au and 94 g/t Ag — equivalent to 22,281 ounces of gold and 347,086 ounces of silver — and a north block with 274,500 tons grading 2.8 g/t Au and 15.0 g/t Ag — corresponding to 24,917 ounces of gold and 133,912 ounces of silver.
The Montauban Mine Property was mined intermittently between 1910 and 1990. These mining operations resulted in a number of tailings piles which the Company intends to reprocess using modern milling techniques and concurrently remediate the site. The primary zone of interest is the Anacon Lead 1 tailings site underwent a historic resource estimation in 2011, and will be remediated during the process. Additionally, there are four other tailings sites which will be evaluated as modern mill feed. The underlying hard rock mineralization which was previously mined will undergo modern systematic exploration with the intent of building a resource to provide future mill feed once the residue sites have been fully reprocessed.
CLAIMS & PERMITS
- 96 mining claims and 1 mining concession, approximately 3527 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.
- 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.