LaFleur Minerals Inc. has reported significant technical and infrastructure progress at its Swanson Gold Deposit and wholly owned Beacon Gold Mill in Québec as the company enters the final stages of its Preliminary Economic Assessment. The advancements include completed verification drilling to support the PEA, ongoing metallurgical and mill optimization studies, and evaluation of permitted tailings facility expansion, all aimed at enabling a disciplined, capital-efficient restart of gold production.
With gold prices currently well above levels seen during Beacon's last operation in 2022, the company is advancing plans to restart the 750-tonne-per-day mill. The operation is scalable under the PEA to 1,000 tonnes per day and potentially 3,000–4,000 tonnes per day in the longer term, leveraging feed from the nearby Swanson Gold Project. This development is significant for the regional mining sector as it represents the potential revival of productive capacity in Québec's Abitibi Gold Belt, an area historically rich in mineral resources.
The company recently completed a $7.8 million financing round to fully fund the mill restart, continued metallurgical testing and infrastructure planning. Additionally, LaFleur has engaged in preliminary discussions with Canadian National Railway regarding rail enhancements to support long-term production and logistics efficiencies. These infrastructure considerations are crucial for reducing operational costs and improving supply chain reliability for future gold production.
The Swanson Gold Project encompasses approximately 18,304 hectares and includes several prospects rich in gold and critical metals previously held by established mining companies. LaFleur has consolidated a large land package along a major structural break that hosts multiple gold deposits and showings. The project's accessibility by road allows direct access to several nearby gold mills, enhancing its development potential. The company's fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson as well as for custom milling operations for other nearby gold projects.
For investors seeking additional information, the latest news and updates relating to LFLRF are available in the company's newsroom at https://ibn.fm/dEHHy. The full press release detailing these developments can be viewed at https://ibn.fm/uOWtZ. These developments matter because they represent concrete steps toward bringing productive gold mining assets back online in a favorable price environment, potentially creating economic activity in the region while contributing to global gold supply. The disciplined approach to restarting operations with completed financing and infrastructure planning suggests a lower-risk path to production compared to greenfield developments.
