Montreal Breaking - LaFleur Minerals Inc. Launches Drilling Program at Swanson Gold Project and Confirms Strategic Value of Beacon Gold Mill

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced the commencement of a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project, following the receipt of necessary permits. This development underscores the company’s progress in advancing its gold exploration efforts in Québec’s prolific Abitibi Gold Belt. The drilling program is a critical step in evaluating the project’s potential and moving towards resource development.

In addition to the drilling program, LaFleur Minerals has completed an independent valuation of its Beacon Gold Mill, revealing that the facility is in excellent condition. The estimated restart cost of C$4.1 million contrasts sharply with the replacement value of over C$71.5 million, highlighting the mill’s strategic asset value to the company. This valuation not only confirms the mill’s readiness for operations but also positions LaFleur as a uniquely equipped junior miner with both a promising gold project and a fully permitted mill in a major mining district.

The company has also expanded its Swanson land package to more than 18,300 hectares, further solidifying its presence in the region. This expansion, coupled with the strategic assets of the Beacon Gold Mill, enhances LaFleur’s potential to deliver long-term value to its stakeholders. The Swanson Gold Project’s accessibility by road and rail adds to its development potential, offering direct access to nearby gold mills.

LaFleur Minerals’ recent developments are significant for the mining sector, particularly in Québec’s Abitibi Gold Belt, known for its rich gold deposits. The initiation of the drilling program and the confirmation of the Beacon Gold Mill’s value are pivotal steps in the company’s mission to advance district-scale gold projects. These efforts not only demonstrate LaFleur’s commitment to resource development but also its potential to contribute to the local economy and the broader mining industry.