LaFleur Minerals Inc. has commenced a fully funded, 5,000-metre diamond drilling campaign at its Swanson Gold Project in Quebec, a move that signifies a crucial phase in the company's exploration strategy. This drilling initiative follows the acquisition of all required permits, such as Forestry Intervention and Authorization to Intervene, ensuring adherence to environmental and regulatory frameworks. The program is focused on high-priority areas within the Swanson Gold Deposit and other prospective zones, including Bartec, Jolin, and Marimac, identified through detailed geological and geophysical assessments.
The company's exploration efforts are bolstered by the completion of an independent valuation for the Beacon Gold Mill, which estimates the replacement cost at over C$71.5 million, with an additional C$4.1 million projected for rehabilitation and commissioning. This valuation offers LaFleur Minerals a strategic advantage in achieving near-term production at a reduced cost, thereby improving the project's overall economic prospects. Furthermore, the expansion of the company's land holdings to more than 18,300 hectares underscores the extensive potential of its assets in the region.
These developments mark a pivotal moment for LaFleur Minerals, as they not only propel the company's exploration and production goals forward but also signify a positive contribution to the mining sector's expansion in Quebec. For further information on the drilling campaign and the company's advancements, visit https://ibn.fm/KGilj.
