- Junior miner ESGold (CSE:ESAU) is making steady progress towards 2026 production at its Montauban gold and silver project in Quebec
- The fully permitted, fully funded mineral exploration and development company is pursuing a scalable clean production model in both North and South America
- The gold and silver stock last traded at C$0.53 and has added 17.78 per cent year-over-year
Junior miner ESGold (CSE:ESAU) is making steady progress towards 2026 production at its Montauban gold and silver project in Quebec, while forging ahead with a district-scale exploration plan to expand known mineralization on the property.
Drilling program
ESGold plans to kick off a targeted drilling program in May 2026 to test high-priority zones at Montauban with eyes on a future resource estimate. Permits have been submitted and targets are now in place, leveraging geophysical data and historical drilling, marking the first time the project will be systematically drill tested using modern exploration techniques and an integrated geological model.
Expanded ANT survey underway
The company is also undertaking an ambient noise tomography (ANT) survey across 70 square kilometres of Montauban, an area seven times larger than the survey completed in 2025, which identified mineralization up to 900 metres in depth and over at least two kilometres of strike with the potential for expansion. New data will serve to inform the land package’s geological model.
Mill equipment, fabrication and delivery
As exploration plans move forward, ESGold has now secured all major components for the Montauban mill circuit and submitted letters of credit to equipment manufacturers, with fabrication underway with selected vendors. Additional processing equipment is expected to be delivered on site on a continual basis as the company approaches the mill buildout and commissioning phases.
Investor takeaway
With gold and silver up by 50 per cent and 144 per cent, respectively, over the past year, ESGold is on track to deliver on exploration, development and production milestones throughout 2026, topped off with its transition into a revenue-generating company, positioning investors to benefit from multiple catalysts towards a share price re-rating.
Leadership commentary
“We’ve been working aggressively behind the scenes to bring all of these pieces together, and we are now entering a phase where that progress becomes visible,” Gordon Robb, chief executive officer of ESGold, said in a statement. “Drill permits are in, our expanded ANT survey is actively collecting data across a much larger footprint, and all major mill equipment has been secured and is moving through fabrication and delivery. These are foundational steps, and they are all advancing at the same time.”
“What is particularly exciting is how these initiatives come together,” Robb added. “We are moving toward production while, in parallel, expanding our understanding of what we believe could be a much larger system. The initial work has already shown depth and continuity well beyond what was historically recognized. With the next phase of ANT results and the start of drilling, we will begin to test and define that potential more directly.”
About ESGold
ESGold is a fully permitted, fully funded mineral exploration and development company pursuing a scalable clean production model in both North and South America.
ESGold stock (CSE:ESAU) last traded at C$0.53 and has added 17.78 per cent year-over-year.
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