Miner ESGold Corp [CSE:ESAU] has released the first results of an AI-enhanced geological model that suggests its Montauban project in Québec could anchor a district-scale system of gold, silver and base-metal mineralisation, significantly expanding the scope of what had until recently been viewed as a reclamation-focused venture.
The Vancouver-listed company has now published an initial interpretation of a three-dimensional model built by Geomatic World, drawing together more than 50 years of geological records, drill data and historical mine plans into a single digital framework. The emerging picture, ESGold said, indicates the presence of stacked, laterally extensive sulphide horizons consistent with a volcanogenic massive sulphide-style system enriched in gold, silver, zinc and lead.
What the survey means for ESGold
The new interpretation points to structural and mineralogical patterns that resemble mature VMS camps such as Noranda’s Millenbach mine in Québec or Australia’s Broken Hill deposit. ESGold emphasises that Montauban does not share the same age or geological setting as those mines, but argues that the system’s structural coherence, repetition of mineralised horizons and metamorphic overprint place it within a family of deposits capable of hosting substantial tonnage. What had previously appeared as isolated pods of mineralisation now looks, the company says, like a continuous multi-layered system extending beyond known workings.
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The 3D model integrates both hard-rock mineralisation and the extensive historical tailings that form the basis of ESGold’s near-term production plan. This “digital twin” of the property is intended to guide exploration while supporting the company’s strategy of self-funding drilling through cash flow from tailings reprocessing.
Construction of the Montauban mill building is complete, and the company is advancing procurement of a Merrill-Crowe processing circuit.
Among the most significant technical outcomes are the identification of sulphide horizons that remain open along strike and at depth, structural alignments that point to a large-scale, multi-horizon system, and early indications that the project may sit within a broader polymetallic corridor. The company believes further pods or lenses could exist well beyond the historically mined areas. Additional underground data is still being digitised and will be incorporated into later iterations of the model.
What’s next for ESGold?
Next steps include a property-wide ANT passive seismic survey aimed at mapping deeper structures and potential feeder zones, along with systematic integration of historical mine records into the model. ESGold also plans to finalise a drilling strategy targeting both step-out extensions near the deposit and more speculative zones along major structural corridors. Permit applications for the next phase of drilling are set to begin shortly.
For investors, the model recasts Montauban as more than a clean-up or redevelopment project. It provides a geological basis for a multi-year exploration campaign at a property that is fully permitted and nearing production start-up. With Québec offering stable regulation, abundant infrastructure and low-carbon energy, ESGold is positioning itself as an emerging producer with both near-term cash flow and large-scale discovery potential.
The company argues that the combination of a funded production path, expanding geological footprint and the capacity to finance exploration internally offers a rare balance: low capital risk on the front end, with exposure to a potentially district-scale system that remains underexplored.
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