LaFleur Minerals Inc. has commenced a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project following the receipt of necessary permits. This development underscores the company's commitment to advancing its gold exploration efforts in Québec. The drilling program represents a critical step in assessing the project's potential and moving toward production, marking a significant milestone in the company's development timeline.
In addition to the drilling program, LaFleur Minerals has completed an independent valuation of its Beacon Gold Mill, revealing that the facility is in excellent condition. The estimated restart cost of C$4.1 million contrasts sharply with a replacement value exceeding C$71.5 million, highlighting the mill's strategic value to the company. This substantial difference between restart cost and replacement value provides LaFleur with a significant competitive advantage in the mining sector, as detailed in the company's project information available at https://ibn.fm/I2NF7.
This asset positions LaFleur as a uniquely equipped junior miner with both a promising gold project and a fully permitted mill in a major mining district. The company has also expanded its Swanson land package to over 18,300 hectares, further solidifying its presence in the Abitibi Gold Belt. This expansion, coupled with the strategic advantages of the Beacon Gold Mill, enhances LaFleur's potential to deliver long-term value to its stakeholders while maintaining operational efficiency.
The Swanson Gold Project's accessibility by road and rail adds to its development potential, making it a key asset in LaFleur's portfolio. The combination of the expanded land position, strategic milling infrastructure, and now-commenced drilling program creates a comprehensive development pathway that distinguishes LaFleur from many other junior mining companies operating in the region. This integrated approach to project development represents a significant step forward in realizing the full potential of the company's assets in one of Canada's most prolific gold districts.
