LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is advancing toward near-term gold production as it prepares to restart operations at its Beacon Gold Mill in Québec’s Abitibi Gold Belt. The company plans to use a 100,000-metric-ton bulk sample from its Swanson Gold Project as a feed source for its first gold pour. With gold prices remaining well above historical levels, the company expects to benefit from strong margins, supported by a preliminary economic assessment that anticipates a solid return from the operation.
Recent high-grade drill results at Swanson, ongoing mill upgrades, and additional financing are supporting the company’s plans to restart production, continue exploration and advance strategic growth initiatives. The Swanson Gold Project is approximately 19,214 hectares (192 km²) 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 which make up the Swanson Gold Project.
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 (“PEA”) for the company’s Swanson Gold Project and the planned restart of the Beacon Gold Mill. The PEA highlights the economic viability of the project, with strong margins expected given current gold prices.
LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The company’s mission is to advance mining projects with a laser focus on its PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential.
For more details on the company’s plans and recent developments, visit the full article at https://ibn.fm/ji7Mq. Investors can stay updated on the latest news and updates relating to LFLRF in the company’s newsroom at https://ibn.fm/LFLRF.
