LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has commenced a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project, following the receipt of necessary permits. This development underscores the company's commitment to advancing its gold exploration efforts in Québec. The drilling program is a critical step in assessing the project's potential and moving towards production.
In addition to the drilling program, LaFleur Minerals has completed an independent valuation of its Beacon Gold Mill, revealing that the facility is in excellent condition. The estimated restart cost of C$4.1 million contrasts sharply with the replacement value of over C$71.5 million, highlighting the mill's strategic value to the company. This asset positions LaFleur as a uniquely equipped junior miner with both a promising gold project and a fully permitted mill in a major mining district.
The company has also expanded its Swanson land package to more than 18,300 hectares, further solidifying its presence in the region. This expansion, coupled with the strategic assets of the Beacon Gold Mill, enhances LaFleur's potential to deliver long-term value to its stakeholders. The Swanson Gold Project's accessibility by road and rail adds to its development potential, making it a noteworthy venture in the gold mining sector.
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