LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is making significant progress toward restarting gold production from its properties in the prolific Abitibi greenstone belt of eastern Canada. The company recently completed a Preliminary Economic Assessment (PEA) for its Swanson Gold Deposit in Quebec, which highlights a capital-efficient project with robust economics through the utilization of LaFleur's 100%-owned and refurbished Beacon Gold Mill.
“As we prepare for pre-operational tests and system checks at the Beacon Gold Mill in the coming months, we are transitioning from pure exploration and development to gold production execution,” said Paul Ténière, Chief Executive Officer of LaFleur Minerals. The Beacon Mill, with a capacity of over 750 tonnes per day, is fully permitted and will be used to process material from Swanson as well as provide custom milling services for other nearby gold projects.
The Swanson Gold Project spans approximately 18,304 hectares (183 km²) and includes several gold and critical metal prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits, along with numerous other showings. The project is easily accessible by road, providing direct access to several nearby gold mills and enhancing its development potential.
The company's focus on the Abitibi belt is strategic, given the region's history of significant gold production. LaFleur's transition from exploration to production execution positions it to potentially generate cash flow in the near term, which could be a catalyst for the company. The PEA's positive economics suggest that the Swanson deposit can be developed at relatively low capital costs compared to other projects, partly due to the existing infrastructure at the Beacon Mill.
Investors can find the latest news and updates relating to LFLRF in the company's newsroom at https://ibn.fm/LFLRF. The full article discussing LaFleur's progress is available at https://ibn.fm/zIZIe.
