LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has reported a significant gold discovery at its Swanson Gold Project in the Abitibi Greenstone Belt of Quebec, with drill results indicating broad, continuous zones of gold mineralization extending well below the limits of the company's March 2025 mineral resource estimate (MRE). The results point towards a district-scale gold system, positioning the project as a key asset for the near-term gold producer.
The company released assays from three drill holes targeting down-dip continuity over a 120-metre strike length at vertical depths of approximately 300 to 450 metres. Hole SW-25-080 returned 1.18 grams per tonne gold over 255.04 metres, SW-25-081 intersected 1.65 g/t gold over 136.01 metres, and SW-25-079 yielded 2.29 g/t gold over 68.30 metres. These intercepts confirm that the Swanson mineralized system remains robust and laterally continuous beyond the existing resource envelope.
In March, LaFleur announced a 30% increase in indicated mineral resources ounces from the MRE completed in 2024 at the Swanson Gold Deposit. The updated MRE stands at 2.96 million tonnes at 1.69 g/t gold for 160,300 ounces of contained gold, plus an inferred resource of 1.08 million tonnes at similar grades. The new drill results are expected to further expand the resource base.
The Swanson Gold Project is located near Val d'Or, Quebec, an established mining hub with access to skilled labor and infrastructure. The company also owns the Beacon Gold Mill, roughly 30 kilometers from Swanson, and is preparing to resume operations later this quarter. Initial feed will come from on-site stockpiles and mineralized material from Swanson, with plans to scale throughput from 750 metric tons per day (TPD) to 1,250 TPD by 2027, and eventually toward 3,000 or 4,000 TPD. Financing and offtake terms from Trafigura support these expansion plans.
The implications of this discovery are significant for LaFleur Minerals and the broader gold mining sector. The confirmation of wide, continuous mineralization at depth suggests the Swanson deposit could host a much larger gold system than previously modeled, potentially extending the mine life and improving project economics. For investors, the results may enhance the value of the company's assets and support its transition to production. The proximity of the Beacon Mill provides a clear path to near-term cash flow, reducing development risk.
The technical information in this article has been reviewed by Louis Martin, P.Geo., Exploration Manager and Technical Advisor of the company, a Qualified Person under NI 43-101. More details are available in the company's newsroom at https://ibn.fm/LFLRF.
