LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) reported assay results from its Swanson Gold Project in the Abitibi Greenstone Belt of Quebec, confirming broad, continuous zones of gold mineralization that extend well below the limits of the company's March 2025 mineral resource estimate. The results point toward a district-scale gold discovery and support the company's near-term production plans.
The latest drilling targeted down-dip continuity over a 120-metre strike length at vertical depths of approximately 300 to 450 metres. Hole SW-25-080 returned 1.18 g/t Au over 255.04 metres, SW-25-081 graded 1.65 g/t Au over 136.01 metres, and SW-25-079 intersected 2.29 g/t Au over 68.30 metres. These intercepts demonstrate that the mineralized system remains robust and laterally continuous beyond the existing resource envelope.
In March 2025, LaFleur announced a 30% increase in indicated mineral resources ounces from the previous estimate, establishing a new indicated resource of 2.96 million tonnes at 1.69 g/t Au for 160,300 ounces of contained gold, plus an inferred resource of 1.08 million tonnes at 1.57 g/t Au for 54,500 ounces. The new drill results suggest significant potential to further expand the resource base.
The Swanson Gold Deposit is part of LaFleur's flagship project located near Val d'Or, Quebec, an established mining hub with access to skilled labor and infrastructure. The company also owns the nearby Beacon Gold Mill, which it is preparing to restart later this quarter. Initial production will utilize on-site stockpile material and mineralized feed from Swanson, with a target to ramp up from 750 metric tons per day (TPD) to 1,250 TPD by 2027, and eventually toward 3,000 or 4,000 TPD. These plans are supported by financing and offtake terms from Trafigura.
The implications of these discoveries are significant for LaFleur Minerals and the broader mining industry. The extension of mineralization at depth suggests the Swanson deposit could host a much larger gold system, potentially increasing the project's economic viability and mine life. For investors, the confirmation of continuous high-grade intercepts strengthens the case for near-term production and future resource growth. The restart of the Beacon Mill also positions LaFleur as a potential near-term gold producer in the prolific Abitibi belt, which has historically produced over 200 million ounces of gold.
All scientific and technical information in this release was reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of LaFleur, who is a Qualified Person under NI 43-101.
For more information, visit the company's newsroom at https://ibn.fm/LFLRF.
