LaFleur Minerals Engages ERM for Beacon Gold Mill Restart Assessment Following Positive Swanson Drilling Results

By Advos

TL;DR

LaFleur Minerals gains strategic advantage by engaging ERM for a PEA to restart its Beacon Gold Mill using Swanson Gold Deposit material.

ERM will update mineral resource estimates, mine plans, and metallurgical testing while providing cost estimates for the Beacon Mill restart.

This project development creates economic opportunities in Val-d'Or, Quebec while advancing responsible gold mining in the Abitibi Gold Belt.

LaFleur Minerals consolidates a 183 km² land package with multiple gold deposits near a fully-permitted mill processing 750 tonnes daily.

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LaFleur Minerals Engages ERM for Beacon Gold Mill Restart Assessment Following Positive Swanson Drilling Results

LaFleur Minerals Inc. has engaged Environmental Resources Management to complete a Preliminary Economic Assessment supporting the planned restart of its 100%-owned Beacon Gold Mill, using mineralized material primarily from the Company's Swanson Gold Deposit in Val d'Or, Quebec. The engagement follows encouraging drilling results at Swanson that indicate continuity and expansion potential within the mineralized system.

ERM's Technical Mining Services Group in Toronto will oversee the study, which will update the mineral resource estimate, mine plan, and metallurgical testing programs while providing cost estimates for the Beacon Mill restart. This assessment represents a critical step toward potentially reviving gold processing operations in the region and advancing development of the Swanson Gold Project.

The Swanson Gold Project spans 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 recently 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's accessibility by road allows direct access to several nearby gold mills, enhancing 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 focus on district-scale gold projects in the Abitibi Gold Belt positions this development as potentially significant for regional mining activity.

This news matters because successful restart of the Beacon Gold Mill could stimulate economic activity in the Val d'Or region while contributing to gold production from one of Canada's most established mining districts. The Preliminary Economic Assessment will provide crucial data for investors and stakeholders evaluating the project's viability and timing for potential production. For the mining industry, this represents continued investment in gold exploration and development despite market fluctuations, demonstrating confidence in Quebec's mining jurisdiction.

The latest news and updates relating to LaFleur Minerals are available in the company's newsroom at https://ibn.fm/LFLRF. MiningNewsWire, which distributed the announcement, provides specialized communications focusing on developments in the global mining and resources sectors as part of the Dynamic Brand Portfolio that delivers various distribution services including access to wire solutions and social media distribution through https://www.MiningNewsWire.com.

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