LaFleur Minerals Launches Confirmation Drilling at Swanson Gold Deposit to Support Beacon Mill Restart

LaFleur Minerals Inc. has initiated a 10-hole confirmation drilling program at its Swanson Gold Deposit in Val-d'Or, Québec, advancing toward near-term gold production and supporting a Preliminary Economic Assessment for the restart of operations at the company's Beacon Gold Mill. Conducted by Environmental Resources Management, the program aims to validate historical drill results, strengthen the geological model, and provide new core for metallurgical testing. CEO Paul Teniere said the work marks a key step toward restarting gold production at record market prices, with assay results from the twinned holes expected in the coming weeks.

The Swanson Gold Project represents a significant opportunity in the Abitibi Gold Belt, covering approximately 18,304 hectares and including several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The project's accessibility by road allows direct access to several nearby gold mills, further enhancing its development potential and strategic positioning within the region.

The confirmation drilling program is particularly important as it will validate historical data that forms the basis for the company's resource estimates and development plans. By twinning previous drill holes, LaFleur can confirm the accuracy of earlier results and build confidence in the geological model that will guide future mining operations. This validation process is crucial for securing financing, attracting investment, and moving forward with development decisions that could lead to the reactivation of the Beacon Gold Mill.

The Beacon Gold Mill itself represents a significant asset for LaFleur Minerals, being fully-permitted and refurbished with capacity to process over 750 tonnes per day. The mill's potential reactivation could serve dual purposes: processing mineralized material from the Swanson Gold Project and providing custom milling operations for other nearby gold projects. This creates multiple revenue streams and positions the company as a potential regional processing hub, adding strategic value beyond its own mining operations.

The timing of this development is significant given current gold market conditions, with CEO Paul Teniere noting the opportunity to restart production at record market prices. The successful execution of this drilling program and subsequent PEA could position LaFleur to capitalize on favorable market conditions while contributing to regional economic development in Québec's established mining district. The latest news and updates relating to the company are available in their newsroom at http://ibn.fm/LFLRF.