LaFleur Minerals Inc. reported significant technical and infrastructure progress at its Swanson Gold Deposit and wholly owned Beacon Gold Mill in Québec as the company enters the final stages of its Preliminary Economic Assessment. The advancements include completed verification drilling to support the PEA, ongoing metallurgical and mill optimization studies, and evaluation of permitted tailings facility expansion, all aimed at enabling a disciplined, capital-efficient restart of gold production.
With gold prices currently well above levels seen during Beacon's last operation in 2022, the company is advancing plans to restart the 750-tonne-per-day mill. The operation is scalable under the PEA to 1,000 tonnes per day and potentially 3,000–4,000 tonnes per day longer term, leveraging feed from the nearby Swanson Gold Project. LaFleur Minerals highlighted recently completed $7.8 million financing that will fully fund the mill restart, continued metallurgical testing and infrastructure planning, and preliminary discussions with Canadian National Railway on rail enhancements to support long-term production and logistics efficiencies.
The company's focus remains on developing district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, with particular emphasis on the resource-stage Swanson Gold Project and the Beacon Gold Mill. The Swanson Gold Project encompasses approximately 18,304 hectares and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings.
The fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson as well as for custom milling operations for other nearby gold projects. The broader mining industry developments are covered by specialized communications platforms such as MiningNewsWire, which provides comprehensive coverage of the global mining and resources sectors through its network.
