LaFleur Minerals Launches Confirmation Drilling at Swanson Gold Deposit to Support Beacon Mill Restart

LaFleur Minerals Inc. has commenced a 10-hole confirmation drilling program at its Swanson Gold Deposit located in Val-d'Or, Québec, marking a significant step toward near-term gold production. The program, conducted by Environmental Resources Management, aims to validate historical drill results, strengthen the geological model, and provide new core samples for metallurgical testing. This initiative supports the development of a Preliminary Economic Assessment for restarting operations at the company's fully-permitted Beacon Gold Mill.

The Swanson Gold Project encompasses approximately 18,304 hectares (183 km²) in the Abitibi Gold Belt near Val-d'Or, Québec, a region renowned for its mineral wealth. The project includes several prospects rich in gold and critical metals that were previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur Minerals has recently consolidated a substantial land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits, along with several other mineral showings that comprise the Swanson Gold Project.

Paul Teniere, CEO of LaFleur Minerals, emphasized that this drilling work represents a crucial milestone in the company's strategy to restart gold production during a period of record market prices. The company expects assay results from the twinned holes to become available in the coming weeks, which will provide critical data for advancing the project toward production. The confirmation drilling program serves multiple purposes, including verifying historical data that will inform resource estimates and operational planning.

The Beacon Gold Mill, which is fully permitted and refurbished, represents a significant asset in LaFleur Minerals' development strategy. The mill has the capacity to process over 750 tonnes per day and is being considered for processing mineralized material from the Swanson Gold Project. Additionally, the company is evaluating the potential for custom milling operations for other nearby gold projects, creating potential revenue streams beyond its own mining activities. The strategic location of the Swanson Gold Project provides easy road access to several nearby gold mills, further enhancing its development potential and operational flexibility.

This confirmation drilling program occurs at a time when gold prices remain at historically high levels, creating favorable market conditions for gold producers and developers. The successful validation of historical results could significantly impact LaFleur Minerals' valuation and position the company to capitalize on current market dynamics. For the broader mining industry, the advancement of projects like Swanson demonstrates continued investment in gold exploration and development despite economic uncertainties, signaling confidence in the long-term value of gold assets.

The company's progress can be tracked through its newsroom at https://ibn.fm/LFLRF, where updates and additional information about the drilling program and mill restart plans are made available to stakeholders and interested parties. The successful execution of this confirmation drilling program could pave the way for accelerated development of the Swanson Gold Project and contribute to the revitalization of gold mining operations in the Val-d'Or region of Québec.