LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced the acquisition of a 100% interest in the McKenzie East Gold Project, located in Quebec's prolific Val-d'Or mining district. The property, acquired through an arm's-length agreement, is contiguous with the McKenzie Break Gold Deposit owned by Fresnillo plc and benefits from established regional infrastructure. Historical exploration has identified anomalous gold mineralization, including visible gold in drilling, and LaFleur plans to advance systematic exploration to define resources and assess potential mill feed for its nearby Beacon Gold Mill.
The acquisition aligns with LaFleur's strategy to consolidate district-scale gold projects in the Abitibi Gold Belt. The company already controls the Swanson Gold Project, a large land package of approximately 19,214 hectares that includes the Swanson, Bartec, and Jolin gold deposits. The Beacon Gold Mill, recently refurbished and capable of processing over 750 tonnes per day, is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby projects. A positive Preliminary Economic Assessment (PEA) for the Swanson Gold Project and the planned restart of the mill were released on March 3, 2026.
Under the terms of the deal, LaFleur will acquire the McKenzie East project for $30,000 in cash and 175,000 common shares, subject to exchange approval. The project's location in the Val-d'Or district, a historic gold-producing region, provides access to skilled labor, power, and transportation networks. The proximity to the McKenzie Break deposit, which is being developed by Fresnillo, underscores the geological potential of the area. LaFleur's management sees this acquisition as a strategic addition that could enhance the company's resource base and feed the Beacon Mill, creating potential synergies.
The news is significant for the mining industry and investors as it demonstrates continued consolidation in the Abitibi Greenstone Belt, one of Canada's most prolific gold regions. For LaFleur, the acquisition strengthens its portfolio and brings it closer to becoming a mid-tier producer with a mill and multiple sources of mineralized material. For the local economy, the development could create jobs and stimulate exploration activity. The company's focus on advancing projects with existing infrastructure reduces capital requirements and speeds up potential production timelines.
LaFleur Minerals is committed to advancing mining projects with a laser focus on the Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The company's land package along a major structural break enhances its development potential, and the recent PEA results support the economic viability of the Swanson project. Additional information about LaFleur Minerals can be found in the company's newsroom at http://nnw.fm/LFLRF.
This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. The full press release is available at https://nnw.fm/v9VIR.
