LaFleur Minerals Advances Twinned-Hole Drilling at Swanson Gold Deposit to Support Beacon Mill Restart

By Advos

TL;DR

LaFleur Minerals' drilling program positions the company to capitalize on record gold prices above $4,000 per ounce through vertically integrated production.

LaFleur Minerals is conducting a 10-hole twinned-hole drilling program to validate historical data, confirm mineralization continuity, and enhance the Mineral Resource Estimate.

LaFleur Minerals' project development in Québec's Abitibi Gold Belt aims to create long-term economic value and sustainable mining operations for local communities.

LaFleur Minerals controls an 18,304-hectare gold project with a fully-permitted mill capable of processing over 750 tonnes of material daily.

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LaFleur Minerals Advances Twinned-Hole Drilling at Swanson Gold Deposit to Support Beacon Mill Restart

LaFleur Minerals Inc. has announced significant progress on its twinned-hole drilling program at the Swanson Gold Deposit, a strategic initiative designed to support a Preliminary Economic Assessment for restarting gold production at the company's wholly owned Beacon Gold Mill. The 10-hole drilling program serves multiple critical purposes: validating historical drilling data, confirming the continuity and scale of the mineralized system, collecting core samples for metallurgical testing, and enhancing the current Mineral Resource Estimate.

CEO Paul Teniere emphasized that this work, guided by Environmental Resources Management, aims to confirm data forming the basis of the resource model while positioning LaFleur to capitalize on record gold prices exceeding $4,000 per ounce. The company is pursuing a vertically integrated production scenario that would link the Swanson Gold Project with the Beacon Gold Mill, creating a comprehensive mining operation in Quebec's Abitibi Gold Belt near Val-d'Or.

The Swanson Gold Project represents a substantial land package covering approximately 18,304 hectares (183 square kilometers) and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated this extensive land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits, along with several other mineral showings that collectively comprise the Swanson Gold Project.

Accessibility remains a key advantage for the project, with road access allowing direct connection to several nearby gold mills, further enhancing its development potential. The company's fully-permitted and refurbished Beacon Gold Mill represents another strategic asset, capable of processing over 750 tonnes per day and being considered for processing mineralized material from Swanson as well as potential custom milling operations for other nearby gold projects.

Investors and stakeholders can access the full press release detailing these developments at https://ibn.fm/WSHXM, while the latest news and updates relating to LaFleur Minerals are available in the company's newsroom at http://ibn.fm/LFLRF. This drilling program represents a crucial step in advancing the company's district-scale gold projects and demonstrates LaFleur's commitment to methodically developing its assets while maintaining environmental stewardship through ERM guidance.

The timing of this development coincides with favorable market conditions in the gold sector, with prices reaching unprecedented levels above $4,000 per ounce. This positions LaFleur to potentially capitalize on strong commodity pricing while advancing toward production readiness. The twinned-hole drilling approach represents industry best practice for validating historical data and building confidence in resource estimates, which is essential for securing financing and advancing projects toward production.

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