Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
- LaFleur Minerals is announcing the strategic appointment of senior executives with decades of industry experience to help lead the company as it moves toward gold production at its Swanson Gold Deposit and Beacon Gold Mill in the Abitibi Greenstone Belt
- The first stage of this strategy is the addition of Marc Ducharme as Vice President of Exploration who will help bolster the company’s exploration and operational efficiency and strategic plan to acquire additional high caliber mining projects in the region and generate confidence with stockholders
- LaFleur’s assets include the Beacon Gold Mill, Swanson Gold Project and McKenzie East Gold Project, all part of its mine-to-market near-term gold production operation on 450 exploration mining claims the company owns in the Abitibi
- LaFleur expects to reap the benefits of gold prices, a rail transport line crossing its properties, and worker resources in nearby Val-d’Or, Québec
Near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has introduced new expertise to its management team amid the company’s preparations to begin operations at its Beacon Gold Mill, nearby Swanson Gold Project, and the newly acquired McKenzie East Gold Project.
The appointment of Marc Ducharme as Vice President of Exploration “materially strengthens LaFleur Minerals’ technical and operational capabilities at a critical inflection point, directly enhancing both execution certainty and corporate value,” according to a news release issued by the company May 5 (https://ibn.fm/Hb4Zs).
Mr. Ducharme’s expertise spans the full mining lifecycle, from discovery through production including recently with Probe Gold reducing technical and operational risk, strengthening capital markets credibility, and positioning LaFleur Minerals to accelerate near-term production, generate cash flow, acquire additional advanced mining projects, and deliver sustainable growth in shareholder value.
Mr. Ducharme’s resume includes more than 35 years of experience in geological exploration across mining jurisdictions that include Ontario’s and Québec’s prolific Abitibi region. He will not only help advance the company’s in-progress advanced exploration program in the region, but also will help identify and evaluate additional acquisition targets for the company near the Beacon Gold Mill.
The company is also seeking additional high-caliber executives to complement its existing executive and technical team to quickly advance its projects and grow LaFleur Minerals into a mid-tier gold producer.
The company’s statement also notes an increase of stock option offerings to company management and consultants, as well as a new marketing contractor.
LaFleur Minerals has made strategic acquisitions of property and facilities during the last few years near Val d’Or, Quebec — an established base for labor and resources that serve as the underpinnings of mineral exploration activities in the Abitibi.
The Beacon mill and Swanson site are the company’s flagship gold production resources within the more than 450 exploration mining claims it owns, situated on about 55,350 acres (nearly 22,400 hectares) in the Eastern Canadian region.
The Beacon Gold Mill is a previously operating facility undergoing some upgrades with expectations of resuming operation this quarter. It will initially process material at 750 tonnes per day (“TPD”) but LaFleur anticipates building to 1,250 TPD by the end of the first year of operation.
Material from Swanson will provide the initial feedstock, and the McKenzie East Gold Project is expected to complement Swanson as a value-accretive addition while drilling continues assessing gold resources at both sites.
Recent drilling at Swanson has allowed LaFleur to expand the limits of its current resource model and establish the potential of finding a large-scale gold system on the property. Drill results include findings of wide mineralization in two zones, with 1.18 g/t Au over 255.04 meters and 1.65 g/t Au over 136.01 meters.
Operators also found higher grades at 2.29 g/t Au over 68.30 meters at a third drill location.
For more information, visit the company’s website at 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.
