Mining Intelligence and News
Canada

Montauban Project

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Overview

Mine TypeTailings
StagePermitting
Commodities
  • Gold
  • Silver
  • Mica
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Montauban region has a high environmental legacy of contamination by historical tailings and it is the objective of the Company to correct the situation by removing as much tailings as possible from these lands and stabilize them into a new tailings site. The Company is fully permitted for its mill and most of its tailings’ tonnage.

The Montauban Gold Project comprises five principal tailings sites: Anacon Lead 1, Anacon Lead 2, Tétreault 1 and Tétreault 2 (the “Montauban tailings”), and the NotreDame-de-Montauban tailings, all of which were generated during the processing of ore from the historic underground Montauban Mine, which hosted a gold-rich VMS deposit.

The current permitting status allows for the reprocessing of tailings from the Anacon Lead 1 tailings site. A CA for the reprocessing of tailings from the other tailings sites is required.

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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Comminution

Crushers and Mills

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Processing

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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 ore mining rate  ....  Subscribe
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

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... 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 Feb 9, 2024

Aerial view:

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