Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

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<ul><li>What you need to know: • ESGold has completed ~2,030m of its 5,000m drill program and has consistently observed sulphide-bearing intervals.</li><li>• ~400 core samples are pending assays to determine the grade of the promising core samples.</li><li>• In addition, an expanded ANT survey and updated 3D model has outlined property-wide opportunities, and commissioning continues to progress.</li></ul>

What you need to know: • ESGold has completed ~2,030m of its 5,000m drill program and has consistently observed sulphide-bearing intervals.• ~400 core samples are pending assays to determine the grade of the promising core samples.• In addition, an expanded ANT survey and updated 3D model has outlined property-wide opportunities, and commissioning continues to progress.

ESAU: Continuing to Gain Momentum at Montauban

<ul>
<li>SGold has commenced its 2026 surface diamond drill program at Mountauban, roughly five weeks after announcing receipt of its exploration authorization from Quebec.</li>
<li>The program is ~5,000m across 29 holes, with a focus on the historic Mountauban mine area.</li>
<li>This marks a critical milestone as ESAU begins systematically drill testing the district-scale property, while advancing commissioning in parallel.</li>
</ul>


SGold has commenced its 2026 surface diamond drill program at Mountauban, roughly five weeks after announcing receipt of its exploration authorization from Quebec.
The program is ~5,000m across 29 holes, with a focus on the historic Mountauban mine area.
This marks a critical milestone as ESAU begins systematically drill testing the district-scale property, while advancing commissioning in parallel.


ESAU: Commencing 5,000m Drill Program at Montauban

<ul>
<li>ESGold has received its exploration authorization from Quebec’s government for its planned drilling program at Montauban.</li>
<li>The approval clears the way for final drill-site preparation, with drilling to run in parallel with the tailings reprocessing operation.</li>
<li>Initial drilling will focus on the historical crown pillar area, followed by step-out and priority exploration targets developed from ANT data and the Company’s 3D geological model.</li>
</ul>


ESGold has received its exploration authorization from Quebec’s government for its planned drilling program at Montauban.
The approval clears the way for final drill-site preparation, with drilling to run in parallel with the tailings reprocessing operation.
Initial drilling will focus on the historical crown pillar area, followed by step-out and priority exploration targets developed from ANT data and the Company’s 3D geological model.


ESAU: Exploration Authorization Received at Montauban

<ul>
<li>ESGold has completed an inspection program, which included traveling to China to verify remaining equipment ahead of shipping.</li>
<li>The team confirmed that all equipment meets industry and company standards, de-risking execution when the components arrive to site.</li>
<li>The equipment is expected to arrive within 45-60 days, allowing ESAU to move to the installation phase.</li>
</ul>


ESGold has completed an inspection program, which included traveling to China to verify remaining equipment ahead of shipping.
The team confirmed that all equipment meets industry and company standards, de-risking execution when the components arrive to site.
The equipment is expected to arrive within 45-60 days, allowing ESAU to move to the installation phase.


ESAU: Successfully Verified Remaining Equipment; Another Key Milestone

<ul>
<li>ESGold has received a tilting-type doré melting furnace at its Montauban Project - a key procurement item ahead of commissioning.</li>
<li>The propane-fired unit will support the Company’s planned recovery circuit, which includes Merrill-Crowe processing of permitted tailings material.</li>
<li>The key delivery follows last month’s Ocean Partners offtake as ESAU continues to derisk production, which we anticipate in H2/2026.</li>
</ul>


ESGold has received a tilting-type doré melting furnace at its Montauban Project - a key procurement item ahead of commissioning.
The propane-fired unit will support the Company’s planned recovery circuit, which includes Merrill-Crowe processing of permitted tailings material.
The key delivery follows last month’s Ocean Partners offtake as ESAU continues to derisk production, which we anticipate in H2/2026.


ESAU: Receives Doré Melting Furnance at Montauban; Progressing to Production

Canada

ESGold Corp. provides exploration and mining services. The Company explores and develops gold and silver projects. ESGold serves customers worldwide.

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ESGold (ESAU CN)

ESAU: Continuing to Gain Momentum at Montauban

What you need to know: • ESGold has completed ~2,030m of its 5,000m drill program and has consistently observed sulphide-bearing intervals. • ~400...

Atrium Research

ESAU: Commencing 5,000m Drill Program at Montauban

SGold has commenced its 2026 surface diamond drill program at Mountauban, roughly five weeks after announcing receipt of its exploration...

Atrium Research

ESAU: Exploration Authorization Received at Montauban

Initial drilling will focus on the historical crown pillar area, followed by step-out and priority exploration targets developed from ANT data and...

Atrium Research

ESAU: Successfully Verified Remaining Equipment; Another Key Milestone

ESGold has completed an inspection program, which included traveling to China to verify remaining equipment ahead of shipping.

Atrium Research

ESAU: Receives Doré Melting Furnance at Montauban; Progressing to Production

ESGold has received a tilting-type doré melting furnace at its Montauban Project - a key procurement item ahead of commissioning.

Atrium Research

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