Montauban brings together three things that can take years for a mining project to secure: permits, processing infrastructure and material ready to be processed.
The historical tailings are already sitting at surface, giving ESGold a very different starting point than a conventional new mine.
The Company is advancing a fully permitted 1,000-tonne-per-day processing facility powered by Québec hydro, with major equipment continuing to arrive and more than C$20 million invested into the project.
The opportunity is straightforward: process material that was mined generations ago, recover the gold and silver that historical methods left behind, and move Montauban toward operations.
Permits in hand. Plant taking shape. Material waiting at surface.
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ESGold has now surpassed 4,000 metres of drilling at Montauban, completing more than 80% of the planned 5,000-metre program and moving beyond the historic mine area into southern and deeper targets.
This is an important shift in the program.
The early holes helped ESGold better understand the geology around the former mine workings. The current drilling is beginning to test how that system may continue beyond and below what was historically explored, including deeper holes designed to broaden the geological picture beneath Montauban.
Core logging continues to identify quartz-carbonate veining, alteration and visible sulphides, while laboratory assays remain pending and will ultimately determine metal grades and the significance of those intervals.
At the same time, progress continues on the production side. Nineteen containers of processing equipment are currently on the water from China, with the remaining eight scheduled to follow, supporting the next stages of installation, integration and commissioning at the permitted Montauban facility.
Drilling is moving deeper. Assays are pending. The remaining equipment is moving toward site.
Both sides of the Montauban strategy continue to advance.
Read the full release here: esgold.com/esgold-surpasses-…
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ALT ESGold news release card dated October 20, 2026: ESGold Surpasses 4,000 Metres Drilled at Montauban, Expanding Drilling Beyond the Historic Mine. CSE: ESAU, OTCQB: ESAUF, FSE: Z7D
ALT Two drill core photographs from ESGold hole MM-26-11 showing altered rock with quartz-carbonate veining and visible sulphides
ALT Two drill core photographs from ESGold hole MM-26-17 showing quartz-carbonate veining with visible sulphides
ALT Two drill core photographs from ESGold hole MM-26-19 showing quartz-carbonate veins with pyrrhotite and pyrite
Montauban starts with an advantage most junior mining projects spend years trying to create.
The material is already out of the ground. It is already crushed. And historical processing left gold and silver behind in the tailings.
That gives ESGold a very different path forward.
Rather than starting with a new mine build, the Company is focused on recovering value from existing material through a fully permitted 1,000-tonne-per-day processing facility, while also addressing a long-standing environmental liability at the site.
With the mill infrastructure in place, Montauban is moving from development toward production.
And beyond the tailings, drilling is now underway across the broader property.
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CEO Gordon Robb recently sat down with Andy Millette in Atlanta to discuss where the Company stands today, what investors should be watching next, and how the broader gold environment fits into ESGold’s strategy.
What stands out at Montauban right now is not any single milestone. It is how many parts of the story are beginning to converge at once.
The processing facility is moving through installation and commissioning, while the drill program is generating the first modern exploration data across a system that has not been systematically tested this way before. With assays pending and additional commissioning updates ahead, the next several months should begin filling in some of the biggest remaining pieces of the Montauban story.
That combination is what makes this stage particularly important for ESGold: a potential near-term path toward operations, alongside an exploration program designed to determine how much larger the opportunity may be beyond the historic mine.
Watch the full interview here: youtube.com/watch?v=ZqDkBtki…
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The Montauban story is becoming increasingly physical.
Equipment arriving.
Commissioning progressing.
5,000 metres of drilling underway.
70 km² of integrated geological modelling completed.
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ALT ESGold social card: The Montauban story is becoming increasingly physical, with the ball mill photo
Montauban starts with something most mining projects do not have: material already sitting at surface.
Historical mining left behind tailings that still contain gold and silver, creating an opportunity to recover value from material that has already been mined and crushed.
ESGold’s strategy is to process those tailings through its fully permitted 1,000-tonne-per-day facility while also addressing a longstanding environmental liability at the site.
That creates a very different development story.
Less focus on building a conventional mine from scratch. More focus on processing existing material, advancing commissioning, and moving toward near term operations.
At the same time, the broader Montauban property is now being actively explored for its longer-term potential.
Near-term operations. Longer-term discovery.
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The conversation at Montauban is changing.
Equipment procurement is increasingly becoming equipment installation, integration and commissioning.
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ALT ESGold social card: The conversation at Montauban is changing, with the cyclone battery photo from the July 21 2026 news release
At Montauban, Major processing equipment has been manufactured, inspected and approved. Many pieces are already on site, while additional key components are moving through delivery, installation and integration.
That matters because there is a big difference between announcing a project and physically assembling one.
ESGold has the 20,000-square-foot mill building, permitted capacity of 1,000 tonnes per day, and the major processing systems required to bring the operation together.
The next phase is about execution: getting equipment on site, installing it properly, connecting the circuit and advancing through commissioning.
This is what the transition from development toward operations looks like.
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ANT does not "find gold."
What it does is help ESGold see geological structures deep below surface and combine them with drilling, geochemistry and known geology.
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ALT ESGold social card: What does Ambient Noise Tomography actually tell ESGold, with Figure 2, the updated Montauban 3D geological model from the September 15 2026 news release
One of the biggest questions for any emerging producer is what happens after the metal is extracted.
At Montauban, that part of the plan is already in place.
ESGold has a definitive agreement with Ocean Partners for the purchase of 100% of the gold and silver doré produced from the project, providing a clear commercial pathway as the operation advances toward production.
The agreement also includes payment terms tied to contained metal and access to a C$9 million working capital facility, giving ESGold additional flexibility as operations ramp up.
For a pre-production company, having the buyer secured before first production removes an important piece of uncertainty.
The mill is nearing completion. The offtake is in place. Montauban continues to move closer to operations.
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Most junior mining stories begin with years of permitting, construction and capital requirements before investors ever see the possibility of revenue.
Montauban starts from a very different place.
The historical tailings are already at surface. The mill is built for 1,000 tonnes per day. The project is fully permitted, and the 2025 PEA outlined a 105% pre-tax IRR with projected payback in under two years using a US$2,900 gold price assumption.
That creates a simple strategy: advance the tailings operation toward production, then use potential operating cash flow to help support exploration across ESGold’s broader 244 km² land position.
Production potential at surface. Discovery potential below it.
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The drill is turning at Montauban.
ESGold's current program includes approximately 5,000 metres across 29 proposed holes, initially focused around the historic mine area.
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ALT ESGold social card: The drill is turning at Montauban, with the Forage Lamontagne drill rig photo
ESGold Corp. retweeted
@ESGold_Corp $ESAU has intersected sulphide-bearing intervals at its Montauban Gold-Silver Project in Québec, Canada, as its diamond drilling program passes 2,000m.
Read more here: ap1.hubs.ly/H01p5DR0
#miningnews #cnsx #exploration #drilling #resources #mining #gold #esgold #canada
Drilling at Montauban has now surpassed 2,000 metres, and the geological picture is starting to take shape.
ESGold has repeatedly encountered alteration, quartz-carbonate veining and locally sulphide-bearing intervals within the geological environment associated with the historic Montauban mineralized system. Approximately 400 core samples are now at SGS Laboratories in Val-d’Or for assay, with results pending.
This is an important point in the program. The Company is not only testing the historic mine area, but also evaluating how the system may continue beyond the old workings and at depth, while integrating each new hole into the ANT and 3D geological model.
The visuals are encouraging from a geological targeting perspective, but the assays will determine the metal grades.
Drilling continues toward the planned 5,000 metres.
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ALT ESGold news card dated September 24, 2026: ESGold Intersects Multiple Sulphide-Bearing Intervals as Montauban Drilling Surpasses 2,000 Metres. CSE: ESAU, OTCQB: ESAUF, FSE: Z7D
ALT Map of ESGold 2026 drill-hole locations across the historic Montauban mine area, Québec
ALT Drill core from ESGold holes MM-26-03, MM-26-04 and MM-26-11 at Montauban. Assay results are pending.
Another major piece of the Montauban processing circuit is now on site.
The Falcon Gravity Concentrator and industrial thickeners have arrived as installation, integration and commissioning continue across ESGold's permitted 1,000-tonne-per-day facility.
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ALT ESGold social card: The processing circuit at Montauban continues to take shape, with the Falcon Gravity Concentrator photo from the September 10 2026 news release
ESGold Corp. retweeted
@ESGold_Corp $ESAU has completed an expanded geophysical survey and updated its 3D geological model at the Montauban Gold-Silver Project in Québec, Canada.
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ESGold Corp. retweeted
⚙️ Montauban’s shopping list is turning into a plant.
@ESGold_Corp #CSE $ESAU is stacking up the hardware:
🌀 Falcon concentrator landed
🏗️ Thickeners on site
🔥 Furnace in place
⛏️ 5,000m drilling underway
More hardware. More holes. One busy Québec site.
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#MiningNews #ESGold #Gold #Silver
ESGold has completed its expanded ANT survey and updated 3D geological model across approximately 70 km² at Montauban.
Drilling is already underway.
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ALT ESGold social card: A major step forward in understanding the broader Montauban system, with Figure 1, the expanded ANT survey coverage map from the September 15 2026 news release