LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is advancing its gold exploration and processing operations in Quebec with plans to complete a Preliminary Economic Assessment for its drilling project by the end of October. The company's comprehensive evaluation covers its 18,304-hectare project in the globally recognized Abitibi Greenstone Belt, a premier gold district known for significant mineral deposits.
The company has drilled 24 holes to date across its extensive property, with six holes already assayed revealing high-grade, near-surface intercepts. These initial results demonstrate strong potential for expanding shallow, open-pit mineral resources at the Swanson Gold Deposit site. The near-surface nature of these intercepts suggests the possibility of lower-cost mining operations compared to deeper underground projects.
Concurrently, LaFleur Minerals is preparing to restart its wholly-owned Beacon Gold Mill, which represents a strategic move to generate near-term revenues. The mill will process custom raw ore projects for neighboring gold claims while remaining available for production of the company's own gold product once exploration activities progress further. This dual-purpose approach provides immediate cash flow potential while maintaining flexibility for future production from the company's own resources.
The company's enhanced market visibility includes recent listing on Tradegate, broadening its international exposure to European markets. Investors can access the latest news and updates relating to LFLRF through the company's newsroom at https://ibn.fm/LFLRF. All scientific and technical information has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, who is considered a Qualified Person for the purposes of NI 43-101 standards.
This development is significant for the gold mining sector as it represents the reactivation of existing infrastructure combined with new exploration in a proven gold-bearing region. The combination of near-term revenue potential from mill operations and longer-term exploration upside creates a balanced approach to resource development. The project's progression through the PEA stage indicates movement toward more definitive economic evaluation and potential production decisions, which could contribute to Quebec's position as a leading gold-producing jurisdiction.
