LaFleur Minerals Inc. has announced a 5,000-meter diamond drill program at its Swanson Gold Project in Québec's Abitibi Gold Belt, marking a significant advancement in its mining operations. This initiative follows encouraging exploration results, including high-grade grab samples up to 11.7 g/t Au, and aligns with the company's strategy to restart its 100%-owned Beacon Gold Mill by early 2026. The company has identified over 50 drill targets through comprehensive geophysical surveys and soil sampling, highlighting the project's substantial potential.
To support project funding and expansion, LaFleur has appointed Peter Espig as Strategic Advisor, leveraging his expertise in capital markets and mill operations to advance company objectives. The company is currently in advanced discussions with institutional and private equity groups to secure financing for the Beacon Mill restart, estimated at C$5–6 million. This restart aims to generate near-term cash flow through bulk sampling and toll milling, representing a critical milestone in LaFleur's growth trajectory. More details on the project's progress can be found at https://www.lafleurminerals.com.
The Swanson Gold Project covers approximately 16,600 hectares near Val-d’Or, Québec, with road access and a rail line through the property, enhancing development potential and providing direct access to nearby gold mills. The Beacon Gold Mill, capable of processing over 750 tonnes per day, is planned not only for Swanson project material but also for custom milling operations for other gold projects in the region. This development underscores LaFleur's commitment to advancing district-scale gold projects in the Abitibi Gold Belt, focusing on long-term value through its resource-stage Swanson Gold Project and Beacon Gold Mill. The company's efforts to consolidate a large land package along a major structural break further emphasize the strategic importance of its operations, as noted in industry reports at https://www.mining.com.
