LaFleur Minerals Inc. has commenced a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project following the receipt of necessary permits. This development underscores the company's commitment to advancing its gold exploration activities in Québec. The drilling program represents a critical step in assessing the project's potential and moving toward production, with the Swanson Gold Project's accessibility by road and rail adding to its development potential by offering direct access to nearby gold mills.
In addition to the drilling program, LaFleur has completed an independent valuation of its Beacon Gold Mill, revealing that the facility is in excellent condition. The estimated restart cost of C$4.1 million contrasts sharply with the replacement value of over C$71.5 million, highlighting the mill's strategic value to the company. This asset positions LaFleur as a uniquely equipped junior miner with both a promising gold project and a fully permitted mill in a major mining district.
The company has also expanded its Swanson land package to more than 18,300 hectares, further solidifying its presence in the region. This expansion, coupled with the strategic advantages of the Beacon Gold Mill, enhances LaFleur's potential to deliver long-term value to its stakeholders. The combination of an expanded land position, a fully funded drilling program, and a valuable mill asset creates a significant opportunity for the company in the competitive gold exploration sector.
For more information on LaFleur Minerals Inc. and its projects, visit https://ibn.fm/Y5cBl.
