LaFleur Minerals Inc. has announced an ambitious 5,000-meter diamond drill program at its Swanson Gold Project, located in the prolific Abitibi Gold Belt of Québec. This initiative is backed by encouraging exploration results, including high-grade grab samples with gold concentrations up to 11.7 g/t Au, and the identification of over 50 drill targets through comprehensive geophysical surveys and soil sampling. The company's efforts are strategically aligned with the goal of restarting its 100%-owned Beacon Gold Mill by early 2026, a move that could significantly enhance its operational capabilities and financial performance.
In a strategic bolstering of its leadership team, LaFleur Minerals has appointed Peter Espig as a Strategic Advisor. Espig's extensive experience in capital markets and mill operations is expected to play a pivotal role in securing project funding and driving the company's expansion plans. The Beacon Mill's restart, estimated to require an investment of C$5–6 million, is currently the subject of advanced discussions with institutional and private equity groups. The mill's potential to process over 750 tonnes per day positions LaFleur Minerals to generate near-term cash flow through bulk sampling and toll milling, offering a compelling value proposition to investors and stakeholders.
The Swanson Gold Project, encompassing approximately 16,600 hectares, is strategically located along a major structural break that hosts several gold deposits and showings. Its accessibility by road and proximity to a rail line enhances its development potential, making it a key asset in LaFleur Minerals' portfolio. The consolidation of this land package and the advancement of the Beacon Mill restart underscore the company's commitment to leveraging Québec's rich mineral resources to deliver long-term value. This development is not only significant for LaFleur Minerals but also for the broader mining industry, as it highlights the ongoing potential of the Abitibi Gold Belt to contribute to global gold supply and the economic vitality of the region.
