LaFleur Minerals Inc. announced the filing of an independent NI 43-101 technical report supporting its preliminary economic assessment for the Swanson Gold Deposit and Beacon Gold Mill in Québec's Abitibi Gold Belt. The report outlines a vertically integrated mine-to-mill strategy and a potential restart of gold production at the project located near Val-d'Or. The preliminary economic assessment highlights include a 65% after-tax internal rate of return, a net present value of C$101 million at a 5% discount rate, and all-in sustaining costs of US$1,569 per ounce. These financial metrics leverage existing infrastructure and target staged expansion of the project.
The company is advancing engineering, drilling and permitting activities toward a potential production decision. 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 project is easily accessible by road, allowing direct access to several nearby gold mills, which enhances its development potential.
LaFleur's 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 and for custom milling operations for other nearby gold projects. The company's mission is to advance mining projects with a focus on its resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The technical report filing represents a significant step forward for LaFleur Minerals as it works to advance the Swanson Gold Project toward potential production in one of Canada's most established mining regions. The latest news and updates relating to the company are available in its newsroom at http://ibn.fm/LFLRF.
