- LaFleur Minerals is a Canadian gold explorer and near-term producer with a fully owned mill onsite at its Quebec Abitibi Belt Project
- The company recognizes that the uniquely located Beacon Gold Mill represents a much-needed resource for neighboring mining projects who have already expressed an interest in custom milling agreements
- LaFleur expects to have the mill restarted in early 2026 following completion of a few basic upgrades
- LaFleur also anticipates using the mill operation for its own production as anticipated mining for mineralized material gets under way at the company’s Swanson Gold Project
The assets held by gold exploration and development company LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) amount to a way for investors to get into the gold market even if they aren’t eager to buy into precious metals commodities during the current record price trend.
LaFleur is exploring the potential of the approximately 18,304 hectares (45,230 acres) at its Swanson Gold Project in Quebec, strategically situated on Canada’s Abitibi Greenstone Belt, but the company also anticipates that its 100%-owned Beacon Gold Mill will drive near-term revenues simply by being available to process mineralized material from other nearby mines and deposits in the region at a time when the rising market has been reporting repeated new record pricing (https://ibn.fm/MZsj8).
J.P. Morgan Research analysts have forecast a potential continuation of the market trend, anticipating gold prices over $4,000 per ounce by next year (https://ibn.fm/GgzoO). Other analysts question if gold’s rapid rise indicates it is approaching the point of forming a bubble (https://ibn.fm/SYUnh). Either way, LaFleur’s strategic approach to building capital shows a readiness to make the most of the market.
The Beacon Gold Mill is capable of processing over 750 metric tons of raw ore per day. The mill had received more than $20 million in equipment and other upgrades by a former owner and is preparing for an estimated $3-5 million in restart upgrades that will improve its tailings pond and facility.
“We recently had an engineering group go in and do a full valuation on it … and they concluded it was in excellent condition,” LaFleur CEO Paul Ténière said during a Crux Investor interview last month (https://ibn.fm/Y3fSD).
“We anticipate roughly four to six months to get the full ramp-up completed and back into production. So we’re aiming for sort of early 2026 to be back in full production,” he added. “We’ve had lots of companies ask us about it, and it’s sort of the, you know, get it going and they will come. They want to see the mill back up and running — they say, ‘Hey, … we’d be interested in potentially doing agreements with you for processing box samples or even custom milling.”
While the near-term revenue strategy is expected to get the company up and rolling, LaFleur is still building toward mining its own mineralized material and processing it through the Beacon plant. With a greater measure of control over its own processes, low restart cost to production and with a fully integrated model of resource to production, the company can maximize its appeal to investors.
The company began drilling at its site this summer, and core logging shows the consistent presence of pyrite and other sulfides that are classic pathfinder minerals for gold, with initial assays from the 5,000 metre drilling program at Swanson to be announced near-term.
“We’re particularly optimistic about the mineralized zone encountered in hole SW-025-038 (a sulphide-rich zone known to be at least 17.9 meters wide) and we look forward to releasing assay results in the near future,” Ténière stated in an Aug. 7 news release (https://ibn.fm/aSNTi).
LaFleur has filed an updated NI 43-101 Technical Report for the project dated July 29.
For more information, visit the company’s website at LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF
Qualified Person Statement:
All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.
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