LaFleur Minerals Launches 5,000-Metre Diamond Drilling Program at Swanson Gold Project

LaFleur Minerals Inc. has initiated a fully funded 5,000-metre diamond drilling campaign at its Swanson Gold Project in Quebec, marking a pivotal step in the company's exploration efforts. This drilling program follows the successful acquisition of all necessary permits, including Forestry Intervention and Authorization to Intervene, ensuring full compliance with environmental and regulatory standards. The campaign targets priority areas within the Swanson Gold Deposit along with other promising zones including Bartec, Jolin, and Marimac, which were identified through comprehensive geological and geophysical studies incorporating magnetic surveys, induced polarization, and soil geochemistry analysis.

The company's systematic approach to exploration underscores its commitment to uncovering additional gold mineralization potential within the prolific Abitibi region, one of Canada's most significant gold-producing areas. This drilling initiative represents the most substantial exploration effort to date at the Swanson Project and is expected to provide critical data for resource estimation and future development planning. The program's design incorporates historical data with modern exploration techniques to maximize the potential for new discoveries while building upon existing geological models.

Concurrent with the drilling announcement, an independent valuation has established the replacement cost of the Beacon Gold Mill at over C$71.5 million, with rehabilitation and commissioning estimated at approximately C$4.1 million. This valuation presents LaFleur Minerals with a cost-effective pathway to potential near-term production, significantly enhancing the project's overall economic viability. The substantial difference between replacement cost and rehabilitation expense provides the company with a strategic advantage in advancing toward production capabilities without the capital expenditure typically associated with building new processing infrastructure.

The company has further strengthened its position in the region by expanding its land package to over 18,300 hectares, solidifying its foothold in this mineral-rich district and highlighting the scale potential of its assets. This expanded land position, combined with the advancing drilling program and valuable mill infrastructure, positions LaFleur Minerals as an emerging player in Quebec's mining sector. These developments collectively represent significant milestones that not only advance the company's exploration and production objectives but also contribute to the broader economic development of Quebec's mining industry. Additional information about the drilling campaign and company progress is available at https://ibn.fm/KGilj.