LaFleur Minerals Inc. Launches Drilling Program at Swanson Gold Project, Confirms Mill Value

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has commenced a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project in Québec, following the receipt of necessary permits. This development underscores the company's commitment to advancing its gold exploration efforts in the region. The Swanson Gold Project, now expanded to over 18,300 hectares, is poised to become a significant asset in the Abitibi Gold Belt, known for its rich deposits of gold and critical metals.

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 with estimated restart costs of C$4.1 million, compared to a replacement value exceeding C$71.5 million. This valuation highlights the mill's strategic importance to the company's operations and its potential role in processing mineralized material from the Swanson project and possibly for custom milling operations for nearby projects.

The expansion of the Swanson land package and the confirmation of the Beacon Gold Mill's value position LaFleur Minerals as a uniquely equipped junior miner in the Abitibi Gold Belt. With both a promising gold project and a fully permitted mill, the company is well-positioned to capitalize on the region's mining potential. The accessibility of the Swanson Gold Project by road and rail further enhances its development prospects, offering direct access to several nearby gold mills.

This news is significant for investors and the mining industry as it demonstrates LaFleur Minerals' progress in developing its assets in one of Canada's most prolific gold mining districts. The company's focus on the Swanson Gold Project and the Beacon Gold Mill could contribute to the long-term value creation for its stakeholders and the broader mining sector in Québec.