FULL DISCLOSURE: This is sponsored content for ESGold Corp.
ESGold Corp (CSE: ESAU) is said to be in the process of final concentration tests at their flagship Montauban gold-silver project in Quebec, which comes in advance of production that is expected to commence later this year.
Concentration testing is utilizing historical railbed stockpiles, which is geologically different from the tailings material referred to as Anacon. High concentrations of gold and silver are said to be contained within the railbed stockpiles, and the material contains no mica, which can cause issues with other separation methods.
Final stage gravity tests are said to currently be underway as part of the testing program, with the focus being the assessment of the direct pour potential for bullion. ESGold is targeting gold and silver recoveries in excess of 50%, while using a concentrate with less than 0.3% of total mass to minimize the use of cyanide, which if successful could lead to traditional circuit steps being bypassed, thereby reducing processing time.
The concentration testwork is expected to take approximately one week to complete, after which lab assay results are expected to be delivered within a months times time, which is one of the last steps before production can begin at full scale.
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“The metallurgical profile of the railbed material opens a potentially game-changing opportunity for ESGold. If the spiral tests confirm our hypothesis, we may be able to generate pour-grade concentrate directly from the gravity circuit-reducing reagent consumption, accelerating cash flow, and delivering a more efficient, cleaner production process,” commented Paul Mastantuono, CEO of ESGold.
The testwork follows the delivery of Humphrey spiral concentrators to the Montauban site earlier this week, which was the final piece to the gravity separation circuit needed for production. The circuit is expected to process up to 1,000 tonnes per day of historical tailings, recovering gold and silver while also producing a marketable mica concentrate.
First production is said to remain on track for year end 2025, while an update preliminary economic assessment is expected to be delivered in the near term that highlights project economics under current metal prices.
ESGold last traded at $0.46 on the CSE.
FULL DISCLOSURE: ESGold Corp is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is long the equity of ESGold Corp. The author has been compensated to cover ESGold Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
