LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced the start of a fully funded, 5,000-metre diamond drilling campaign at its Swanson Gold Project in Quebec, marking a significant step forward in the company's exploration efforts. The project, located in the prolific Abitibi region, has received all necessary drilling permits, including Forestry Intervention and Authorization to Intervene, ensuring compliance with environmental and regulatory standards.
The drilling program targets priority areas within the Swanson Gold Deposit and other promising zones such as Bartec, Jolin, and Marimac. These zones were identified through comprehensive geological and geophysical studies, including magnetic surveys, induced polarization (IP), and soil geochemistry analysis. The company's approach aims to uncover additional gold mineralization potential by testing key structural, geological, geochemical, and geophysical anomalies.
In a related development, an independent valuation has pegged the Beacon Gold Mill's replacement cost at over C$71.5 million, with rehabilitation and commissioning estimated at C$4.1 million. This valuation presents a cost-effective pathway for LaFleur Minerals to achieve near-term production, enhancing its position as a Canadian near-term gold producer. The company has also expanded its land package to over 18,300 hectares, further solidifying its district-scale potential in the region.
For more details on the drilling campaign and the valuation of the Beacon Gold Mill, visit https://ibn.fm/KGilj. This initiative underscores LaFleur Minerals' commitment to advancing its projects in Quebec, contributing to the local economy and the broader mining sector.
