This article has been disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) and may include paid advertising.
- LaFleur Minerals, Canadian gold exploration and development company, just launched a confirmation drilling program at its Swanson Gold Deposit in Val-D’Or, Quebec, supporting a Preliminary Economic Assessment (“PEA”) for the restart of gold production at the company’s Beacon Gold Mill
- The campaign will work to validate historical results on the property while improving confidence in the geological model of the area
- The 10-hole twinned-drilling campaign will supply fresh core for ore-sorting and metallurgical test work, with the data feeding directly into an updated Mineral Resource Estimate
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0), Canadian gold exploration and development company is advancing the district-scale Swanson Gold Project in Québec’s prolific Abitibi Gold Belt while in parallel is progressing toward the near-term restart of gold production at its wholly owned Beacon Gold Mill, and recently launched a confirmation drilling program at its Swanson Gold Deposit in Val-D’Or. LaFleur is strategically positioned for near-term gold production and strong valuation upside, with its fully permitted Beacon Gold Mill and Swanson Gold Project in Val-d’Or, one of the world’s premier mining camps now seeing major consolidation. With both of LaFleur’s assets in the heart of the Abitibi greenstone belt, Canada’s largest gold producing region that is also recently subject to major M&A action (IAMGOLD, Probe/Fresnillo), LaFleur offers exceptional leverage to record gold prices and growing regional demand for long-life, low-risk gold assets, with key regional, fully-permitted, infrastructure in a growing production corridor. LaFleur is in a unique position to offer critical milling services to area gold miners with their Beacon Gold Mill, providing important cash flow for the company’s developing gold mining prospects. This timely milestone comes when gold prices continue to enhance the economics of the company’s restart plans, promising strong margins, accelerated payback potential, and immediate exposure to cash flow from permitted, near-term production assets (https://ibn.fm/ZE8Xh).
LaFleur’s 10-hole “twin-hole” drilling campaign at its Swanson Gold Deposit aims to validate historical results, improve resource confidence and the geological model of the area, and generate high-quality core for metallurgical and ore-sorting test work, with the data feeding directly into an updated Mineral Resource Estimate, all for the purpose of purpose of delivering a technically robust PEA led by ERM. This work supports LaFleur’s near-term plan to feed its fully permitted Beacon Gold Mill, creating a vertically integrated, low-cost production model in one of the world’s most prolific gold districts.
“Advancing the Beacon Gold Mill to restart gold production with gold prices at record levels above $4,000 per ounce offers amazing economic potential,” noted LaFleur Minerals’ CEO, Paul Teniere. “We are well underway to completing a comprehensive PEA for the restart of the Beacon Gold Mill, and at the suggestion of ERM, we are nearing completion of twinning historical holes that form the basis of the mineral resource at our Swanson Gold Deposit, with the intention to supply mineralized material from Swanson to the Beacon Gold Mill. We aim to have the PEA completed as soon as assay results on the twinned holes are received in the coming weeks,” he added (https://ibn.fm/wy989).
Following $20 million worth of upgrades in 2022, LaFleur Minerals’ Beacon Gold Mill is nearing recommissioning and a restart. The 750-tonne-per-day fully permitted gold mill is currently equipped with crushing, grinding, flotation, leaching, and Merrill-Crowe circuits, with the only outstanding bits including mechanical and electrical upgrades. Plans are also underway to install a new gravity concentrator circuit and recruit key operational staff, including mill management, maintenance, and plant operators.
Approximately 10,000 to 20,000 tonnes of mineralized stockpiles are already on-site which are intended to be used for initial trial runs once the mill is back online, targeted for early 2026. Historical drilling at the Swanson Gold Deposit today totals more than 36,000 meters across 242 holes with standout intervals from historical holes SW-03-07** defining 69.3 metres at 3.03 g/t Au and BAR31-84* defining 51.0 metres at 3.46 g/t Au. The property has incredible potential for resource expansion and further consolidation in the prolific region it sits in, and LaFleur’s efforts to restart its nearby Beacon Gold Mill are a testament to the company’s commitment to creating shareholder value and to stamping its position as a near-term gold producer in Canada’s most active mining region.
For company information, visit the company’s website at www.LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF
Qualified Person Statement:
All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, and considered a Qualified Person for the purposes of NI 43-101.
