LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has acquired a 100% interest in 27 mineral claims totaling approximately 701.7 hectares in Québec’s Abitibi Gold Belt. The newly acquired claims are adjacent to the company’s McKenzie East Project in the Val-d’Or mining district and were purchased from an arm’s-length third party for cash consideration of C$35,000. The acquisition supports the company's strategy of consolidating prospective exploration ground in the Val-d’Or region, where it is advancing the PEA-stage Swanson Gold Project and preparing the fully permitted Beacon Gold Mill for a return to production.
The property hosts the historical Maruska gold showing and contains no associated net smelter return royalty. The addition of these claims strengthens LaFleur's land position in a highly prospective area of the Abitibi Greenstone Belt, which has historically produced over 75 million ounces of gold. The company also highlighted plans to resume drilling at the Swanson Gold Deposit following recent results that extended gold mineralization below the current resource and demonstrated continued potential for resource growth. The Swanson Gold Project is approximately 19,214 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining.
LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings. The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential. The company's recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment for the Swanson Gold Project and the planned restart of the Beacon Gold Mill.
This acquisition underscores the company's commitment to advancing its portfolio in the Val-d'Or mining district. The strategic addition of the Maruska showing area provides immediate exploration targets and complements ongoing work at the Swanson Gold Deposit. Investors can view the full press release for more details, including the company's latest news and updates available in the company's newsroom at http://ibn.fm/LFLRF.
