FAQ: ESGold Corp's Montauban Mine Site and Its Similarities to Broken Hill Deposit
Summary
What is ESGold Corp planning at the Montauban historic mine site?
ESGold Corp is preparing to begin a tailings cleanup and reuse operation at its Montauban historic mine site holdings, aiming to generate revenues that can be invested in new exploration without depending on market funding.
Why is the Montauban site compared to the Broken Hill deposit?
A non-invasive Ambient Noise Tomography (ANT) survey identified several significant genetic and structural similarities between Montauban and the globally renowned Broken Hill deposit in Australia, suggesting potential for a polymetallic deposit.
How much revenue is expected from the tailings reuse strategy?
The near-term tailings reuse cash flow strategy is expected to generate $350 million during the first few years of operation.
Where is the Montauban mine site located?
The Montauban mine site is located west of Quebec’s capital city, covering 13,116 hectares (about 32,410 acres).
What does the similarity to Broken Hill mean for ESGold Corp?
The analogues strengthen ESGold’s theory that exploration potential remains open at depth both vertically and laterally for a polymetallic deposit, reinforcing the company’s view of Montauban as a structurally complex, vertically continuous mineral system.
How can investors stay updated on ESGold Corp’s developments?
The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.
What is the significance of the ANT survey results?
The ANT survey produced seismic imaging results that support ESGold’s theory of significant genetic and structural similarities between Montauban and the Broken Hill deposit, shifting Montauban’s classification from a simple historic producer to a high-impact exploration opportunity.
Who is involved in the exploration of the Montauban site?
Canadian-based ESGold Corp (CSE: ESAU) (OTCQB: ESAUF) is leading the exploration and tailings cleanup operation at the Montauban historic mine site.
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