ESGold Corp has unveiled findings that its Montauban historic mine site in Quebec, Canada, shares remarkable genetic and structural similarities with the world-renowned Broken Hill deposit in New South Wales, Australia. This discovery, made through a non-invasive Ambient Noise Tomography survey, has sparked excitement over the site's potential for hosting a significant polymetallic deposit, beyond its current classification as a historic producer. The ANT survey's seismic imaging results suggest that the Montauban site, covering 13,116 hectares west of Quebec City, may offer exploration opportunities both vertically and laterally.
This aligns with ESGold's evolving perspective of Montauban as a structurally complex, vertically continuous mineral system. The company is now preparing to initiate a tailings cleanup and reuse operation, expected to generate $350 million in the first few years, which will fund further exploration without relying on market funding. The parallels between Montauban and Broken Hill, one of the most prolific metal deposits globally, underscore the potential for a high-impact exploration opportunity.
ESGold's innovative approach to sustainable gold mining and its focus on generating revenue through tailings reuse positions the company as a forward-thinking player in the mining industry. For more information on ESGold's latest developments, visit https://ibn.fm/ESAUF. The discovery represents a significant advancement in understanding the geological potential of the Montauban property and could potentially redefine its mineral resource estimates. The combination of geological similarities with one of the world's most productive mining districts and the sustainable funding model creates a unique opportunity for value creation in the Canadian mining sector.
