LaFleur Minerals Inc. Launches Drilling Program and Confirms Mill Value, Expanding Its Swanson Gold Project

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 commitment to advancing its gold exploration and development activities in the Abitibi Gold Belt near Val-d'Or, Québec. The drilling program is a critical step in assessing the project's potential and moving closer to production.

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 pales in comparison to 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 a rail line running through the property adds to its development potential, offering direct access to several nearby gold mills.

LaFleur Minerals' recent developments are significant for the mining industry and investors, as they demonstrate the company's progress in leveraging its assets to advance gold exploration and development in a key mining district. The confirmation of the Beacon Gold Mill's value and the initiation of the drilling program at the Swanson Gold Project are pivotal steps that could have a substantial impact on the company's growth trajectory and the broader gold mining sector in Québec.