LaFleur Minerals Inc. has made significant progress in recommissioning its 100%-owned Beacon Gold Mill in Val d'Or, Quebec, as gold prices continue reaching unprecedented market levels. The company has completed electrical and heating upgrades, cleanup measures, and mechanical inspections at the processing facility, which is strategically positioned near LaFleur's Swanson Gold Deposit in the renowned Abitibi gold belt. Operational progress during November and December has positioned the Beacon Gold Mill to work toward processing an initial 100,000-tonne bulk sample from the Swanson Gold Deposit. The company has inspected critical safety infrastructure and restored site services as part of the recommissioning process.
This advancement comes at a particularly opportune time as gold has topped $5,000 per ounce in market trading, with some market analysts anticipating the precious metal may exceed $6,000 by year's end. The mill's strategic location and operational readiness provide LaFleur with a vertically integrated model that could prove increasingly valuable in the current market environment. The Abitibi region hosts several large gold exploration operations and historic mines, creating potential custom contract opportunities for the Beacon Gold Mill as an additional revenue stream.
This allows LaFleur to focus simultaneously on exploration and mining potential at its Swanson Gold Project while generating processing revenue from neighboring operations. Companies that could potentially utilize the mill include exploration heavyweights like Agnico Eagle, Eldorado Gold, and Probe Gold/Fresnillo. The timing coincides with sustained high gold prices that have created favorable conditions for gold producers and processors throughout the Abitibi region, one of Canada's most productive gold mining districts.
This development represents a significant step for LaFleur Minerals as it positions itself to benefit from both its own mining operations and potential third-party processing contracts. The company's latest developments and updates are available through its newsroom at https://ibn.fm/LFLRF. The technical information regarding these operations has been reviewed and approved by Louis Martin, P.Geo., Exploration Manager and Technical Advisor of the company, who is considered a Qualified Person for the purposes of NI 43-101.
