Mining Intelligence and News
Canada

Montauban Project

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Summary

Mine TypeTailings
Study CompletedPreliminary Economic Assessment
Study in ProgressPreliminary Economic Assessment Update
StageConstruction
Commodities
  • Gold
  • Silver
  • Mica
Mining Method
  • Truck & Shovel / Loader
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Mine Life... Lock
SnapshotESGold Corp. is advancing the fully permitted Montauban Gold-Silver Project with the dual objective of economically recovering residual minerals and restoring the historic mine site to environmentally responsible standards. The project involves rehabilitating contaminated tailings sites while extracting gold, silver, and industrial minerals such as mica.

It comprises five principal tailings sites: Anacon Lead 1, Anacon Lead 2, Tétreault 1, Tétreault 2, and Notre-Dame-de-Montauban, all generated from historic processing at the former Montauban underground mine, which hosted a gold-rich VMS deposit.

As of Q1 2025, key infrastructure, including the mill building and hydroelectric power line, is already in place, and heavy mill equipment has been secured.
Latest NewsESGold Corp. Issues Restricted Share Units to New Director and Provides Construction Update on Montauban Project     May 6, 2025

Owners

SourceSource
CompanyInterestOwnership
ESGold Corp. 100 % Indirect
The Montauban property is held 100% by ESGold.

Contractors

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Deposit type

  • Tailings

Summary:

Mineralization There is no primary precious-metal mineralization on the Property; however, there are five (5) tailings sites on the Property that were generated during the processing of ore from the historic underground Montauban Mine, which hosted a gold-rich VMS deposit. Secova proposes to mine the Anacon Lead 1 tailings site, which has average gold (Au) and silver (Ag) grades of 0.28 g/t (Au) and 27.10 g/t (Ag), and is delineated over an area of 695 m x 195 m, with a depth of 45 m.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityProductUnitsAvg. AnnualLOM
Gold Metal in doré oz 3,00011,085
Silver Metal in doré oz 230,000761,878
Mica Concentrate kt 1857

Operational metrics

Metrics
Daily processing capacity  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityUnitsAverage
Assumed price Mica USD  ....  Subscribe
Assumed price Silver USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe
* According to 2023 study / presentation.

Operating Costs

CurrencyAverage
OP mining costs ($/t milled) CAD  ....  Subscribe
Processing costs ($/t milled) CAD  ....  Subscribe
G&A ($/t milled) CAD  ....  Subscribe
Total operating costs ($/t milled) CAD  ....  Subscribe
* According to 2023 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M CAD  ......  Subscribe
Closure costs $M CAD  ......  Subscribe
Total CapEx $M CAD  ......  Subscribe
OP OpEx $M CAD  ......  Subscribe
Processing OpEx $M CAD 20
G&A costs $M CAD 2.9
Total OpEx $M CAD  ......  Subscribe
Mining Taxes $M CAD  ......  Subscribe
Total Taxes $M CAD  ......  Subscribe
Royalty payments $M CAD  ......  Subscribe
Gross revenue (LOM) $M CAD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M CAD  ......  Subscribe
After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
Pre-tax NPV @ 5% $M CAD  ......  Subscribe
Pre-tax NPV @ 8% $M CAD  ......  Subscribe
After-tax NPV @ 5% $M CAD  ......  Subscribe
After-tax NPV @ 8% $M CAD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required Apr 1, 2025
....................... Subscription required ....................... Subscription required Subscription required Mar 2, 2023
....................... Subscription required ....................... Subscription required Subscription required Mar 2, 2023
....................... Subscription required ....................... Subscription required Subscription required Mar 2, 2023
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Apr 1, 2025

Workforce

Aerial view:

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