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 a C$71.5 million valued Beacon Gold Mill, positioning it as a strong contender in Québec's gold mining sector.
LaFleur Minerals Inc. has initiated a 5,000-metre diamond drilling program at the Swanson Gold Project, following permit approvals, and expanded its land package to over 18,300 hectares.
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's Abitibi Gold Belt.
Discover how LaFleur Minerals Inc. is transforming Québec's mining landscape with its Swanson Gold Project and a fully permitted mill capable of processing 750 tonnes daily.
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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 to contribute significantly to LaFleur's operational capabilities.
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 not only enhances LaFleur's resource base but also its potential for long-term growth and value creation in the Abitibi Gold Belt near Val-d’Or, Québec.
The Swanson Gold Project, now encompassing approximately 16,600 hectares, includes several gold and critical metal-rich prospects previously held by notable mining entities. The project's accessibility by road and rail enhances its development potential, offering direct access to nearby gold mills. Meanwhile, the Beacon Gold Mill, capable of processing over 750 tonnes per day, is being considered for processing mineralized material from Swanson and for custom milling operations for neighboring gold projects, further emphasizing its strategic importance to LaFleur Minerals and the broader mining community in Québec.
This announcement marks a pivotal moment for LaFleur Minerals as it advances its exploration and development efforts, leveraging its strategic assets to unlock value in one of Canada's most prolific gold mining districts. The implications of these developments extend beyond LaFleur, potentially impacting the local economy, the mining industry, and investors looking for opportunities in the gold sector.
Curated from InvestorBrandNetwork (IBN)
