LaFleur Minerals Advances Beacon Gold Mill Restart and Swanson Gold Project Development
TL;DR
LaFleur Minerals Inc. is set to gain a competitive edge by restarting production at the Beacon Gold Mill by 2026, leveraging high gold prices and strategic location near rich deposits.
LaFleur Minerals Inc. plans to restart the Beacon Gold Mill by 2026, supported by a Preliminary Economic Assessment and a 5,000-metre drilling program at the Swanson Gold Project.
LaFleur Minerals Inc.'s initiative to restart the Beacon Gold Mill contributes to local economies and advances sustainable mining practices in Québec's Abitibi Gold Belt.
Discover how LaFleur Minerals Inc. is transforming the Abitibi Gold Belt with its Beacon Gold Mill restart and Swanson Gold Project exploration.
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LaFleur Minerals Inc. is making significant progress toward restarting production at its Beacon Gold Mill in Val-d'Or, Québec, targeting early 2026 for operations to resume. This strategic initiative is supported by a Preliminary Economic Assessment and an ongoing 5,000-metre diamond drilling program at the company's Swanson Gold Project located nearby. The Beacon Mill represents a substantial asset with processing capacity of 750 tonnes per day and has received over C$20 million in upgrades while maintaining full operational permits.
The Swanson Gold Project serves as the cornerstone of LaFleur's development strategy, containing a National Instrument 43-101 compliant mineral resource of 123,400 ounces indicated and 64,500 ounces inferred. Current gold prices exceeding $3,300 per ounce provide strong economic incentive for the company to accelerate its production timeline and expand its resource base through targeted exploration activities. The company is finalizing plans for a bulk sample program involving up to 100,000 tonnes of material and additional mill enhancements estimated at C$5.6 million.
Located within the prolific Abitibi Gold Belt, the Swanson Gold Project covers approximately 16,600 hectares and features multiple gold-rich prospects. The property benefits from excellent infrastructure with road access and a rail line running directly through the land package, providing efficient transportation options and direct access to regional gold processing facilities. The fully refurbished Beacon Gold Mill is being positioned not only to process mineralized material from the Swanson Project but also to serve as a custom milling operation for other gold projects in the vicinity.
This comprehensive development approach demonstrates LaFleur Minerals' commitment to maximizing value from its assets during a favorable gold market cycle. The combination of an advanced-stage milling facility and a substantial gold resource project creates a synergistic operation that could establish the company as a significant regional gold producer. The planned restart of the Beacon Gold Mill represents a strategic move to leverage existing infrastructure while developing the Swanson Gold Project's substantial mineral resources.
Curated from InvestorBrandNetwork (IBN)
