LaFleur Minerals Inc. Launches Drilling Program and Confirms Strategic Mill Value
TL;DR
LaFleur Minerals Inc. gains a strategic edge with its fully funded 5,000-metre drilling program and expanded 18,300-hectare land package at the Swanson Gold Project.
LaFleur Minerals Inc. has initiated a 5,000-metre diamond drilling program at Swanson, following permit approvals, and confirmed the Beacon Gold Mill's operational readiness with a C$4.1 million restart cost.
LaFleur Minerals Inc.'s development of the Swanson Gold Project and Beacon Gold Mill contributes to local economies and advances sustainable mining practices in Québec.
LaFleur Minerals Inc. now controls over 18,300 hectares in Québec, combining a gold project with a permitted mill, showcasing its potential as a leading junior miner.
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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 in Québec, following the receipt of necessary permits. This development underscores the company's commitment to advancing its gold exploration and development initiatives in the region.
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 contrasts sharply with the replacement value of over C$71.5 million, highlighting the mill's strategic asset value to the company and its potential role in future gold processing operations.
The company has also expanded its Swanson land package to more than 18,300 hectares, further solidifying its position as a junior miner with both a promising gold project and a fully permitted mill in a key mining district. This expansion, coupled with the strategic valuation of the Beacon Gold Mill, positions LaFleur Minerals uniquely in the Abitibi Gold Belt near Val-d'Or, Québec, known for its rich gold deposits.
The Swanson Gold Project, now encompassing approximately 16,600 hectares, includes several prospects rich in gold and critical metals. The project's accessibility by road and a rail line running through the property enhances its development potential, offering direct access to nearby gold mills. The Beacon Gold Mill, capable of processing over 750 tonnes per day, is being considered not only for processing mineralized material from the Swanson project but also for custom milling operations for other nearby gold projects.
These developments represent significant milestones for LaFleur Minerals Inc. as it continues to explore and develop its gold projects in Québec. The initiation of the drilling program and the confirmation of the Beacon Gold Mill's value are expected to contribute to the company's long-term growth and its ability to deliver value to shareholders and stakeholders in the mining sector.
Curated from InvestorBrandNetwork (IBN)
