LaFleur Minerals Inc. Launches Diamond Drilling Program at Swanson Gold Project
TL;DR
LaFleur Minerals Inc. gains a strategic edge with its fully funded 5,000-metre drilling program and expanded 18,300-hectare land package at the Swanson Gold Project.
LaFleur Minerals Inc. has initiated a 5,000-metre diamond drilling program at Swanson, following permit approvals, and confirmed the Beacon Gold Mill's operational readiness with a C$4.1 million restart cost.
LaFleur Minerals Inc.'s development of the Swanson Gold Project and Beacon Gold Mill contributes to local economies and advances sustainable mining practices in Québec.
LaFleur Minerals Inc. now controls over 18,300 hectares in Québec, combining a gold project with a permitted mill, showcasing its potential as a leading junior miner.
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LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced the commencement of a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project, following the acquisition of all necessary permits. This initiative represents a pivotal phase in the company's exploration strategy, aimed at evaluating the project's gold potential and advancing towards production. The Swanson Gold Project, located in Québec, is a key asset in LaFleur's portfolio, and this drilling program underscores the company's dedication to unlocking its value.
In a related development, LaFleur has completed an independent valuation of its Beacon Gold Mill, which has been deemed to be in excellent condition. The valuation revealed a restart cost of approximately C$4.1 million, significantly lower than the replacement value of over C$71.5 million. This discrepancy highlights the mill's strategic importance to LaFleur, providing the company with a competitive edge in the mining sector. The Beacon Gold Mill's condition and capacity position LaFleur as a junior miner with both a promising exploration project and a fully permitted milling facility in a prime mining district.
Further bolstering its position in the region, LaFleur has expanded its Swanson land package to more than 18,300 hectares. This expansion not only enhances the company's exploration potential but also strengthens its foothold in Québec's mining landscape. The Swanson Gold Project benefits from excellent accessibility, with road and rail connections facilitating direct access to nearby gold mills. These factors, combined with the strategic advantages offered by the Beacon Gold Mill, enhance LaFleur's ability to generate long-term value for its stakeholders. For additional details on LaFleur Minerals Inc. and its projects, visit https://ibn.fm/Y5cBl.
Curated from InvestorBrandNetwork (IBN)
