LaFleur Minerals Reports Promising Sulphide-Rich Mineralization in Swanson Drill Program
TL;DR
LaFleur Minerals' drilling reveals a 17.9-meter mineralized zone, offering investors early advantage in a promising gold district near Val-d'Or.
LaFleur completed seven diamond drill holes totaling 1,764 meters, with samples sent for analysis of geological and geochemical targets up to 3 km from Swanson.
Advancing gold projects in Québec supports local economies and responsible resource development for sustainable community benefits.
LaFleur discovered a sulphide-rich gold zone over 17 meters wide in the Abitibi Greenstone Belt, a globally renowned mining region.
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LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has completed seven diamond drill holes totaling 1,764 meters at its Swanson Gold Project located in the Abitibi Greenstone Belt near Val-d'Or, Québec. Three of these drill holes have been sampled, sawn, and sent to the assay laboratory for analysis of geological, geophysical, and geochemical targets located up to 3 km from the known Swanson Gold Deposit and along strike of a major structural break.
The company reported particularly encouraging results from hole SW-025-038, which encountered a sulphide-rich mineralized zone measuring at least 17.9 meters wide. This discovery represents a significant development in the ongoing exploration program, as sulphide-rich zones often correlate with gold mineralization in the Abitibi region, which is globally renowned for its gold production history.
Paul Ténière, CEO of LaFleur Minerals, stated that the company is very encouraged by the early progress of the Swanson drilling program and the geological and mineralization similarities seen in the recent drill core to the known Swanson Gold Deposit. The company's optimism about the mineralized zone suggests potential for expanding known resources or discovering new mineralization in the area.
The Swanson Gold Project encompasses approximately 18,304 hectares (183 km²) and includes several prospects rich in gold and critical metals previously held by major mining companies. LaFleur has recently consolidated a large land package along a major structural break that hosts multiple gold deposits and showings. The project's accessibility by road and proximity to several nearby gold mills enhances its development potential, particularly given the company's fully permitted and refurbished Beacon Gold Mill, which is capable of processing over 750 tonnes per day.
This drilling program represents a strategic step in advancing the resource-stage Swanson Gold Project, which has significant potential to deliver long-term value. The identification of substantial sulphide-rich mineralization could have important implications for the regional mining industry, potentially leading to new resource estimates and development opportunities in one of Canada's most productive gold districts. Additional information about the company's developments is available in their newsroom at https://ibn.fm/LFLRF.
Curated from InvestorBrandNetwork (IBN)
