LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced progress on its twinned-hole drilling program at the Swanson Gold Deposit, a key step toward a Preliminary Economic Assessment for restarting gold production at the company’s wholly owned Beacon Gold Mill. The 10-hole program is designed to validate historical drilling, confirm the continuity and scale of the mineralized system, collect core samples for metallurgical testing, and enhance the current Mineral Resource Estimate.
CEO Paul Teniere stated that the work, guided by Environmental Resources Management, aims to confirm data forming the basis of the resource model. This effort positions LaFleur to capitalize on record gold prices above $4,000 per ounce through a vertically integrated production scenario linking Swanson and Beacon. The company believes that advancing the Swanson deposit and restarting the Beacon mill could create significant value for shareholders.
The Swanson Gold Project spans approximately 18,304 hectares in the Abitibi Gold Belt near Val-d’Or, Québec. It includes several prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and other showings. The project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential.
The Beacon Gold Mill is fully permitted and refurbished, capable of processing over 750 tonnes per day. It is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. The twinned-hole drilling program is expected to provide critical data for the PEA, which will evaluate the economic viability of restarting production.
For more details, the full press release is available at https://ibn.fm/WSHXM. Investors can find the latest news and updates relating to LFLRF in the company’s newsroom at http://ibn.fm/LFLRF.
The company is focused on developing district-scale gold projects in the Abitibi Gold Belt, with a mission to advance mining projects that deliver long-term value. The Swanson Gold Project and Beacon Gold Mill are central to this strategy, offering potential for near-term production in a favorable gold price environment.
