LaFleur Minerals Advances Twinned-Hole Drilling at Swanson Gold Deposit to Support Beacon Mill Restart

LaFleur Minerals Inc. has announced significant progress on its twinned-hole drilling program at the Swanson Gold Deposit, a strategic initiative designed to support a Preliminary Economic Assessment for restarting gold production at the company's wholly owned Beacon Gold Mill. The comprehensive 10-hole program serves multiple critical purposes, including validation of historical drilling data, confirmation of mineralized system continuity and scale, collection of core samples for metallurgical testing, and enhancement of the current Mineral Resource Estimate.

CEO Paul Teniere emphasized that the drilling work, guided by Environmental Resources Management, aims to confirm the foundational data that forms the basis of the resource model. This validation process is crucial for positioning LaFleur Minerals to capitalize on current market conditions, particularly the record gold prices exceeding $4,000 per ounce. The company's strategy involves creating a vertically integrated production scenario that effectively links the Swanson Gold Deposit with the Beacon Gold Mill, creating operational synergies and potential cost efficiencies.

The Swanson Gold Project represents a substantial land package covering approximately 18,304 hectares in the prolific Abitibi Gold Belt near Val-d'Or, Québec. This district-scale project includes several prospects rich in gold and critical metals that were previously held by established mining companies including Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur Minerals has recently consolidated a large land package along a major structural break that hosts not only the Swanson deposit but also the Bartec and Jolin gold deposits, along with several other mineral showings.

Accessibility represents a key advantage for the Swanson Gold Project, with direct road access enabling convenient transportation to several nearby gold mills. This infrastructure advantage significantly enhances the project's development potential and reduces potential operational challenges. The company's fully-permitted and refurbished Beacon Gold Mill adds another strategic component to the overall development plan, with processing capacity exceeding 750 tonnes per day. Beyond processing mineralized material from Swanson, the mill is being considered for custom milling operations serving other nearby gold projects, creating additional revenue opportunities.

The current drilling program's implications extend beyond immediate corporate objectives, potentially contributing to regional economic development in Québec's mining sector. Successful validation of historical data and advancement toward production could demonstrate the viability of reactivating previously explored mineral deposits using modern exploration techniques and current market conditions. The company's comprehensive approach, combining advanced drilling methodologies with established milling infrastructure, represents a model for efficient resource development in established mining districts.

For investors and industry observers, LaFleur Minerals' progress at Swanson represents a case study in strategic mineral development during periods of favorable commodity pricing. The combination of historical data validation, modern exploration techniques, and existing processing infrastructure creates a potentially lower-risk pathway to production compared to greenfield projects. The latest news and updates relating to the company are available through its dedicated communications channels, providing stakeholders with ongoing transparency regarding project development.