- Advanced processing technology allows the company to re-process mine waste into scalable gold and silver production.
- Latest PEA update for Quebec’s Montauban project indicates clear path to production.
- The company has entered a binding memorandum to form a joint venture in Colombia for the development and reprocessing of gold and silver-bearing tailings.
ESGold (CSE: ESAU) (OTCQB: ESAUF) recently released its updated PEA (Preliminary Economic Assessment) for the company’s Montauban Gold-Silver Project in Quebec, verifying the projects positive economics and path to production (https://ibn.fm/o6nCU). The updated PEA confirms Montauban’s transformation into a production asset, including:
- low capex,
- high-margin tailings reprocessing, and the
- infrastructure in place to achieve first production in the near-term
Importantly, ESGold benefits from more than C$20 million in tax-loss carry forwards, which are expected to substantially offset taxable income during the first three years of production, enhancing…
NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF
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