LaFleur Minerals Prepares for Gold Production with Bulk Sample Permitting at Swanson Project
TL;DR
LaFleur Minerals starts permitting process for 100,000-tonne bulk sample extraction from Swanson Gold Deposit, aiming for mill restart and gold production by 2025.
LaFleur Minerals plans to extract mineralized material from Swanson Gold Deposit, process it at Beacon Gold Mill for potential future production evaluation.
LaFleur Minerals' mining projects in Quebec aim to generate cash flow, advance exploration, and deliver long-term value through sustainable resource development.
LaFleur Minerals consolidates land package for Swanson Gold Project, offering potential for gold production and custom milling operations, enhancing development prospects.
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LaFleur Minerals Inc. has begun the permitting process for a 100,000-tonne surface bulk sample at its Swanson Gold Deposit in Quebec's Abitibi Gold Belt, signaling a strategic move toward potential gold production. The company plans to process the mineralized material at its fully permitted Beacon Gold Mill, located 50 kilometers from the project site.
The bulk sample initiative represents a critical step in evaluating the project's economic viability. With an existing indicated resource of 123,400 ounces of gold and an inferred resource of 64,500 ounces, the project holds significant potential for future development. LaFleur aims to generate near-term cash flow while simultaneously advancing exploration efforts.
The company's strategic approach includes restarting the Beacon Gold Mill and targeting gold production by the end of 2025. The Swanson Gold Project, spanning over 16,000 hectares, offers promising geological prospects and accessibility via road and rail, enhancing its development potential.
This initiative demonstrates LaFleur Minerals' commitment to systematically developing its gold assets in the resource-rich Abitibi Gold Belt. By conducting a bulk sample and potential subsequent scoping study, the company is methodically assessing the project's economic feasibility and positioning itself for potential future production.
Curated from InvestorBrandNetwork (IBN)
