LaFleur Minerals Commences Diamond Drilling at Swanson Gold Deposit, Completes Beacon Gold Mill Valuation

LaFleur Minerals has commenced diamond drilling at its Swanson Gold Project in Quebec and completed an independent valuation of its Beacon Gold Mill, confirming the mill is in excellent condition with estimated rehabilitation and commissioning costs of C$4.1 million. The company has also expanded its land position, covering over 18,300 hectares, and is positioned as one of the most exciting gold development companies in Quebec with low mill restart and commissioning costs.

LaFleur Minerals (OTCQB: LFLRF) has made significant strides in its gold exploration efforts by commencing diamond drilling at its Swanson Gold Project in Quebec and completing an independent valuation of its Beacon Gold Mill. These developments position the company as a key player in the Quebec gold market, with a strong focus on cost-effective mill restart and commissioning.

Diamond Drilling at Swanson Gold Project

LaFleur Minerals has initiated a fully funded 5,000-metre drilling program at its Swanson Gold Project in Quebec, following the receipt of necessary permits. The program will focus on high-potential target areas, including the Swanson Gold Deposit and other key zones identified through historical data and recent exploration work [1].

Beacon Gold Mill Valuation

An independent valuation by Bumigeme Inc. has confirmed that the Beacon Gold Mill is in excellent condition. The rehabilitation and commissioning costs are estimated at C$4.1 million, while the replacement cost of the mill and tailings storage facility is estimated to exceed C$71.5 million [1]. The results of this valuation will be incorporated into the company's ongoing work towards a Preliminary Economic Assessment (PEA) for the Swanson Gold Project.

Land Position Expansion

LaFleur Minerals has expanded its land position at the Swanson Gold Project to cover over 18,300 hectares across 445 claims and 1 mining lease. This expansion enhances the project's exploration potential and positions it as a key district-scale gold exploration play in the renowned southern Abitibi Gold Belt [1].

Outlook

With these developments, LaFleur Minerals is well-positioned to become a near-term gold producer, leveraging its advanced gold project and fully-permitted mill in Quebec. The company aims to complete the Beacon Mill restart program by early 2026, further solidifying its strategic value in the gold mining sector [1].

References

[1] https://www.stocktitan.net/news/LFLRF/la-fleur-minerals-commences-diamond-drilling-at-the-swanson-gold-7swrppj1y98c.html