LaFleur Minerals Advances Gold Production Restart with Preliminary Economic Assessment for Quebec Mill

LaFleur Minerals Inc. has taken a significant step toward restarting gold production at its Beacon Gold Mill in Quebec's Abitibi Greenstone Belt by commissioning a Preliminary Economic Assessment from global environmental consultant Environmental Resources Management. The PEA will evaluate the technical and economic viability of resuming operations at the fully permitted facility, which forms part of LaFleur's vertically integrated resource strategy. This assessment represents a critical milestone in the company's progression toward production status and demonstrates its commitment to thorough evaluation processes.

The company's assets include the Beacon Gold Mill and a nearby exploration operation in Canada's largest gold-producing district, providing the foundation for a comprehensive mining operation that also features a fully permitted tailings storage facility. This vertical integration positions LaFleur to control the entire production process from extraction to processing within one of North America's most established mining regions. The strategic positioning within the Abitibi Greenstone Belt, historically one of Canada's most productive gold regions, enhances the project's potential for successful implementation and long-term viability.

Recent drilling activities at the 18,304-hectare Swanson site have yielded promising results, with assays showing high-grade, near-surface intercepts. The Swanson Gold Deposit, located just 60 kilometers from the company's gold mill, has demonstrated strong potential through initial exploration work. Additional definition drilling through twinning operations is expected to provide confident updated mineral resource confirmation, further strengthening the project's technical foundation and supporting the economic assessment currently underway.

Financial backing for the planned restart comes from LaFleur's recent fully subscribed equity offering and other planned financing opportunities, which are expected to provide the capital needed for launching gold production anticipated for early next year. The company maintains its newsroom at https://ibn.fm/LFLRF where investors can access the latest updates and developments regarding the project's progression and financial structuring.

The engagement of Environmental Resources Management brings technical expertise to the PEA process, underscoring the company's commitment to thorough evaluation and sustainable development practices. The assessment will examine the economic potential of using mineralized material from the nearby Swanson Gold Deposit in Val-d'Or to feed the Beacon Gold Mill, leveraging the region's established infrastructure and mining-friendly jurisdiction. This approach maximizes the synergies between the company's various assets and positions the project for efficient implementation.

This development represents a strategic move for LaFleur Minerals as it transitions from exploration to near-term production status. The restart of the Beacon Gold Mill could contribute to the continued vitality of Quebec's mining sector while creating economic opportunities in the region. The combination of existing infrastructure, promising mineral resources, and established mining jurisdiction creates favorable conditions for successful project implementation and potential contribution to regional economic development.