FAQ: ESGold Corp's Montauban Mine Site and Its Similarities to Broken Hill Deposit

What is ESGold Corp’s plan for the Montauban mine site?

ESGold Corp plans 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.

What similarities does the Montauban site share with the Broken Hill deposit?

The Montauban site shares significant genetic and structural similarities with the Broken Hill deposit in New South Wales, Australia, as identified by a non-invasive Ambient Noise Tomography (ANT) survey.

Why are the similarities between Montauban and Broken Hill important?

These similarities strengthen ESGold’s theory that there is exploration potential for a polymetallic deposit at depth both vertically and laterally, suggesting Montauban could be a structurally complex, vertically continuous mineral system.

How much revenue is the tailings reuse strategy expected to generate?

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 ANT survey reveal about the Montauban site?

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.

How does ESGold Corp view the Montauban site now?

ESGold Corp now views Montauban not just as a simple historic producer but as a high-impact exploration opportunity due to its similarities with the Broken Hill deposit.

What is the significance of the Montauban site’s exploration potential?

The exploration potential suggests that Montauban could host a polymetallic deposit, offering significant opportunities for revenue generation and further exploration without reliance on market funding.

Where can investors find the latest news and updates about ESGold Corp?

The latest news and updates relating to ESGold Corp (CSE: ESAU) (OTCQB: ESAUF) are available in the company’s newsroom at https://ibn.fm/ESAUF.

What is Rocks & Stocks?

Rocks & Stocks is a specialized communications platform delivering deep insights into the mining industry, part of the Dynamic Brand Portfolio at IBN, offering various corporate communications solutions.