- ESGold Corp. (OTCQB: ESAUF) announces discovery of geological structures at Montauban extending to 1,200 meters.
- The Ambient Noise Tomography (ANT) survey suggests a district-scale Volcanogenic Massive Sulphide (VMS) system.
- This finding could transform Montauban from a tailings project to a district-scale exploration opportunity.
ESGold Corp. (OTCQB: ESAUF) has revealed groundbreaking results from its Ambient Noise Tomography (ANT) survey at the Montauban Gold-Silver Project located in Quebec. The survey identified deep-seated geological structures extending to a depth of 1,200 meters, significantly surpassing the initial 400-meter target. This discovery implies that Montauban might represent a district-scale Volcanogenic Massive Sulphide (VMS) system rather than a singular deposit.
The ANT survey, executed over a span of 49 days using 105 triaxial sensors across a 10 km² area, uncovered multiple zones, including a north-central feeder zone and complex southern domains. Historically, the Montauban project has yielded more than 2.6 million short tons of gold, silver, lead, and zinc. The recent findings indicate that Montauban holds potential beyond a tailings reprocessing project, comparable to some world-class VMS deposits such as Sweden's Skellefte district.
This advanced seismic imaging has radically redefined the exploration model at the Montauban Mining Site, presenting a vertically continuous mineral system. The ongoing geological model will integrate over 950 historic drill hole results, 2015 VTEM survey data, and the new ANT data to identify next-generation discovery zones. ESGold Corp. is a fully permitted, pre-production gold and silver mining company, advancing towards near-term production while unlocking long-term exploration potential.
