LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has released additional infill diamond drilling results from its Swanson Gold Deposit in Quebec's Abitibi Gold Belt, indicating that gold mineralization extends both at depth and along strike beyond the limits of the current open pit resource. The latest assays include broad mineralized intervals and high-grade sub-intervals, with visible gold observed in several newly reported drill holes. These findings boost confidence in the project's growth potential and suggest the emergence of a larger gold system.
Chairman Kal Malhi stated that the company has intersected some of the strongest and widest gold mineralization to date at Swanson, highlighting broad zones extending beyond the current resource. The results are part of ongoing infill drilling aimed at upgrading resource categories and expanding the deposit. The Swanson Gold Project, encompassing approximately 19,214 hectares, 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 deposits.
The company recently completed a positive Preliminary Economic Assessment (PEA) for the Swanson Gold Project and the planned restart of its Beacon Gold Mill, which has a capacity of over 750 tonnes per day. The mill is being considered for processing mineralized material from Swanson and for custom milling operations for nearby projects. The PEA underscores the project's economic viability and the mill's role in reducing processing costs.
These drilling results are significant for investors as they indicate potential resource expansion and de-risking of the project. The visible gold and high-grade intercepts could lead to an updated resource estimate and improved project economics. The Swanson deposit's accessibility by road and proximity to multiple gold mills further enhances its development potential. For more details, see the full article at https://ibn.fm/ee3cr.
LaFleur Minerals is focused on advancing district-scale gold projects in the Val-d'Or region, with a mission to deliver long-term value through its Swanson Gold Project and Beacon Gold Mill. The latest news and updates are available at https://ibn.fm/LFLRF.
