LaFleur Minerals Inc. has reported significant 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 a permitted tailings facility expansion. These steps support a disciplined, capital-efficient plan to restart gold production.
With current gold prices well above levels seen during the Beacon Mill's last operation in 2022, LaFleur is advancing plans to restart the 750-tonne-per-day facility. The PEA is evaluating scalability to 1,000 tonnes per day, with potential for 3,000–4,000 tonnes per day in the longer term. The mill would process ore from the nearby Swanson Gold Project, leveraging its strategic location in the Abitibi Gold Belt near Val-d'Or.
The company recently completed a $7.8 million financing round to fully fund the mill restart, continued metallurgical testing, and infrastructure planning. This financial backing ensures the company can proceed with its development timeline without immediate need for additional capital. LaFleur has also initiated preliminary discussions with Canadian National Railway regarding rail enhancements that would support long-term production and improve logistics efficiencies for the operation.
The Swanson Gold Project encompasses approximately 18,304 hectares and includes several gold-rich prospects previously held by other mining companies. The consolidated land package lies along a major structural break that hosts multiple gold deposits and showings. The project's road accessibility provides direct access to several nearby gold mills, enhancing its development potential beyond the Beacon facility.
The Beacon Gold Mill is fully permitted and has been refurbished to process over 750 tonnes per day. Beyond processing mineralized material from Swanson, the company is considering custom milling operations for other nearby gold projects, which could provide additional revenue streams during initial production phases. The company's latest news and updates are available in its newsroom at http://ibn.fm/LFLRF.
This development comes as the global gold market continues to show strength, with many mining companies seeking to bring production online in stable jurisdictions like Québec. LaFleur's approach of restarting an existing mill rather than building new infrastructure represents a potentially faster and more cost-effective path to production. The company's focus on the Swanson Gold Project and Beacon Gold Mill reflects a strategy to advance mining projects with significant potential for long-term value creation in one of Canada's most established gold mining regions.
