LaFleur Minerals Inc. has announced the start of a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project, following the acquisition of necessary permits. This initiative represents a pivotal phase in evaluating the project's viability and advancing towards production. The company's commitment to expanding its exploration activities in Québec is evident through this strategic move.
An independent valuation of the Beacon Gold Mill, owned by LaFleur Minerals, has been completed, showcasing the facility's excellent condition. With an estimated restart cost of C$4.1 million against a replacement value surpassing C$71.5 million, the mill's strategic importance to the company is undeniable. This asset provides LaFleur with a competitive edge as a junior miner, combining a promising gold project with a fully permitted mill in a leading mining district.
The company has further increased its Swanson land holdings to over 18,300 hectares, reinforcing its footprint in the Abitibi Gold Belt. This expansion, along with the Beacon Gold Mill's advantages, positions LaFleur to generate sustainable value for its stakeholders. The Swanson Gold Project's accessibility via road and rail enhances its development prospects, solidifying its status as a cornerstone of LaFleur's asset portfolio.
