LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is expanding its gold asset portfolio in the Abitibi Greenstone Belt with the value-accretive acquisition of the McKenzie East Gold Project, a 78.5-square-kilometer property contiguous to Fresnillo plc’s McKenzie Break Project. The acquisition adds 1,781 hectares with 46 mineral claims, reinforcing the company's vertically integrated mine-to-mill gold production strategy.
The company, a near-term gold producer, already holds the 19,214-hectare Swanson Gold Project in the Val-d'Or mining district, where exploratory drilling has identified broad, continuous zones of gold mineralization. Both Swanson and McKenzie East have the potential to serve as sources of feedstock for LaFleur’s Beacon Gold Mill. The mill is expected to restart later this quarter, initially processing 750 metric tons per day (TPD) with plans to ramp up to 1,250 TPD by the end of its first year.
This acquisition is a strategic move to build revenue through the company's mine-to-mill approach, which aims to control the entire production chain from extraction to processing. By adding nearby mineral claims, LaFleur strengthens its position in the prolific Abitibi region, known for its significant gold deposits.
The scientific and technical information in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor, who is a Qualified Person under NI 43-101. For the latest news and updates on LaFleur Minerals, visit the company’s newsroom at https://ibn.fm/LFLRF.
