LaFleur Minerals Inc. has initiated a fully funded 5,000-meter diamond drilling program at its Swanson Gold Project after receiving all necessary permits, representing a pivotal step in evaluating the project's gold potential and progressing toward production. This drilling initiative underscores the company's dedication to advancing exploration activities in Québec's mining district, where the Swanson project benefits from road and rail accessibility, providing direct access to nearby gold mills and enhancing development prospects.
Complementing the drilling program, LaFleur completed an independent valuation of its Beacon Gold Mill, which confirmed the facility is in excellent condition with an estimated restart cost of C$4.1 million, significantly lower than the replacement value exceeding C$71.5 million. This valuation highlights the mill's strategic importance, positioning LaFleur as a junior miner with both a promising gold project and a fully permitted mill in a major mining jurisdiction. The company's expansion of the Swanson land package to over 18,300 hectares further strengthens its regional presence, integrating with the mill's advantages to boost long-term value potential for stakeholders. For additional details on LaFleur Minerals and its initiatives, visit https://ibn.fm/Y5cBl.
