LaFleur Minerals Advances Swanson Gold Project with Strategic Beacon Gold Mill Asset

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is advancing its district-scale gold development strategy in Quebec's Abitibi Gold Belt, focusing on the substantial potential of its Swanson Gold Project and the strategic advantage of its Beacon Gold Mill. The company holds approximately 18,304 hectares (45,230 acres) at the Swanson site, where historical data including results from over 36,000 metres of drilling indicates significant gold recovery potential. This extensive land package consolidates several gold-rich prospects previously held by major mining companies including Monarch Mining, Abcourt Mines, and Globex Mining.

The Swanson Gold Project's development potential is enhanced by its location along a major structural break that hosts multiple gold deposits and showings, combined with easy road accessibility to several nearby gold mills. This infrastructure advantage positions the project for efficient development and potential partnerships. The company's comprehensive approach to district-scale development reflects the growing importance of consolidated land packages in maximizing resource extraction efficiency in established mining regions like the Abitibi Gold Belt.

A key strategic asset in LaFleur's portfolio is the fully permitted and recently refurbished Beacon Gold Mill, which represents a significant value proposition with an estimated replacement cost exceeding C$71 million. The company acquired this asset through bankruptcy proceedings at a fraction of its actual value, having already received more than C$20 million in equipment and upgrades from the previous owner. This acquisition demonstrates LaFleur's strategic approach to asset acquisition and capital efficiency in building its mining infrastructure.

The Beacon Gold Mill's current capacity stands at over 750 metric tons per day, with estimated restart upgrades requiring approximately C$5 million in additional investment. This relatively low restart cost compared to the asset's replacement value creates substantial upside potential for the company. As gold prices have experienced significant increases in recent months, the mill positions LaFleur as a valuable processing partner for regional gold deposits seeking to accelerate production timelines without the capital expenditure required for building new processing facilities.

The company's dual strategy of developing its own Swanson Gold Project while offering custom milling services to other nearby operations creates multiple revenue streams and reduces development risk. This approach is particularly relevant in the current market environment where rising gold prices have created incentives for miners to process ore quickly to capitalize on market optimism. The strategic positioning of the Beacon Gold Mill enables LaFleur to serve as a processing conduit for surrounding regional deposits, potentially generating early revenue while continuing to advance its primary development projects.

For investors seeking additional information about LaFleur Minerals, the company maintains a newsroom at https://ibn.fm/LFLRF where updates and developments are regularly posted. The broader mining industry continues to watch developments in the Abitibi Gold Belt, where established infrastructure and proven geology combine with favorable market conditions to create significant opportunities for well-positioned companies like LaFleur Minerals.