ESGold (CSE: ESAU) (OTCQB: ESAUF) announced that its 2026 diamond drilling program at the Montauban Project in Québec has advanced 19 drill holes totaling approximately 2,030 metres of a planned 5,000 metres. The company reported that drilling has repeatedly encountered alteration, quartz-carbonate veining and locally sulphide-bearing intervals within the geological environment associated with the historic Montauban mineralized system. Observed sulphides include pyrite, pyrrhotite and galena, minerals often associated with gold and silver mineralization.
Approximately 400 core samples have been submitted to SGS Laboratories in Val-d’Or for analysis, with assay results pending. The company also noted that nine drill holes have intersected historic underground workings or voids, providing geological control for comparing modern drilling with the former mine geometry. Drilling remains underway as ESGold tests potential continuation of the Montauban system outside and below the historic mine workings.
This progress matters because it demonstrates that ESGold is actively advancing its flagship project toward potential resource definition and future production. The Montauban Gold-Silver Project is under construction, and the company is pursuing a dual-track strategy of cash flow today and discovery tomorrow, aiming to build a platform for clean, sustainable growth and long-term shareholder value. Successful drilling results could expand the known mineralized envelope and enhance the project’s economic viability.
For investors, the pending assay results represent a key catalyst. If the sulphide-bearing intervals return significant gold and silver grades, ESGold could outline additional resources that support an extended mine life or increased production scale. The intersection of historic workings also provides valuable data to validate the geological model and guide future drilling.
ESGold Corp. is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North America. The company’s flagship Montauban Gold-Silver Project in Québec is under construction. For more information, the full press release is available at https://ibn.fm/RYiLu, and the latest news and updates relating to ESAUF can be found in the company’s newsroom at https://ibn.fm/ESAUF.
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