LaFleur Minerals Inc. Advances Swanson Gold Project with 5,000-Meter Diamond Drill Program
TL;DR
LaFleur Minerals' 5,000-meter drill program at Swanson Gold Project offers investors a strategic advantage with potential high-grade gold discoveries and near-term cash flow opportunities.
LaFleur Minerals plans a 5,000-meter diamond drill program at Swanson, supported by geophysical surveys and high-grade samples, aiming for Beacon Gold Mill restart by 2026.
LaFleur Minerals' exploration and mill restart efforts in Québec could boost local economies and advance sustainable gold mining practices in the Abitibi region.
Discover how LaFleur Minerals' ambitious drill program and Beacon Gold Mill restart plan could unlock Québec's next major gold discovery.
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LaFleur Minerals Inc. has embarked on a 5,000-meter diamond drill program at its Swanson Gold Project, located in the prolific Abitibi Gold Belt of Québec. This ambitious program is fueled by promising exploration outcomes, including high-grade grab samples reaching up to 11.7 g/t Au, and is a critical component of the company's strategy to recommission its wholly-owned Beacon Gold Mill by early 2026. The identification of over 50 drill targets through detailed geophysical surveys and soil sampling underscores the project's substantial potential.
In a strategic move to enhance project funding and development, LaFleur Minerals Inc. has welcomed Peter Espig as a Strategic Advisor. Espig, with his extensive background in capital markets and mill operations, is poised to significantly contribute to the company's objectives. Currently, LaFleur is in advanced negotiations with institutional and private equity groups to secure the estimated C$5–6 million required for the Beacon Mill's restart. This initiative is expected to create near-term cash flow through bulk sampling and toll milling, marking a pivotal moment in the company's expansion.
The Swanson Gold Project spans approximately 16,600 hectares near Val-d’Or, Québec, benefiting from excellent accessibility via road and a rail line that traverses the property. This advantageous location not only facilitates the project's development but also provides direct access to several nearby gold mills. The Beacon Gold Mill, with a processing capacity exceeding 750 tonnes per day, is envisioned to handle mineralized material from the Swanson project and potentially serve custom milling needs for adjacent gold projects.
LaFleur Minerals Inc.'s latest developments underscore its dedication to progressing district-scale gold projects within the Abitibi Gold Belt. By focusing on the resource-stage Swanson Gold Project and the Beacon Gold Mill, the company aims to unlock long-term value. Efforts to amass a significant land package along a major structural break further emphasize the strategic positioning of LaFleur's operations in the region. For more information, visit https://www.lafleurminerals.com.
Curated from InvestorBrandNetwork (IBN)
