LaFleur Minerals to Become New Quebec Gold Producer with Permitted Mill and Advanced-Stage Exploration Project

LaFleur Minerals Inc. is poised to become a new gold producer in Quebec, capitalizing on market dynamics and regional policy tailwinds. The Swanson Gold Project spans 15,290 hectares and benefits from historical drilling, underground development, and previous exploration efforts. The project has significant potential for further discoveries and is easily accessible by road with a rail line running through it, enhancing its development potential. LaFleur has also acquired a fully refurbished and permitted Beacon Gold Mill capable of processing over 750 tonnes per day.

LaFleur Minerals Inc. (OTCQB: LFLRF) is positioning itself to become one of Quebec's newest gold producers with its Swanson Gold Project in the Abitibi Greenstone Belt. The project, which has been expanded to 15,290 hectares (three times its original size), benefits from over $5 million in previous exploration investment [1].

The Swanson Gold Project features extensive historical drilling with over 950 drill holes, including 447 on the Swanson Property. The project has revealed significant gold mineralization zones up to 40 meters wide and includes existing underground development with a ramp extending to 80 meters depth for bulk sampling [1].

LaFleur Minerals Inc. has recently commenced a diamond drilling program at the Swanson Gold Project, marking a significant milestone in the project's development. The program, which is fully funded and includes a minimum of 5,000 meters of drilling, will focus on priority target areas [2]. Additionally, the company has completed an independent valuation of its Beacon Gold Mill, which is in excellent condition and estimated to require rehabilitation and re-commissioning costs of C$4.1 million [2].

The Beacon Gold Mill is capable of processing more than 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects. The mill's full replacement cost, including tailings storage facility and permitting costs, is estimated to exceed C$71.5 million, underscoring its strategic value [2].

LaFleur Minerals Inc. is now positioned as one of the most exciting gold development companies in Quebec, with low mill restart and commissioning costs and significant assets exceeding its current market cap. The company's next immediate priority is to secure the necessary financing to complete the rehabilitation and re-commissioning of the Beacon Gold Mill with the aim to complete the mill restart program by early 2026 [2].

References:
[1] https://www.stocktitan.net/news/LFLRF/network-news-audio-announces-audio-press-release-apr-on-mining-oxawl6aqz5d1.html
[2] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3353-cse/lflr/183975-lafleur-minerals-commences-diamond-drilling-at-the-swanson-gold-deposit-and-completes-independent-valuation-of-the-beacon-gold-mill.html