Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
- Near term gold producer LaFleur Minerals is completing a Preliminary Economic Assessment (“PEA”) for the purpose of restarting production at its Beacon Gold Mill, sourcing from its Swanson Gold Project, both positioned in the renowned Abitibi Greenstone Belt of Quebec
- The company anticipates beginning to retrieve mineralized material from Swanson and processing it at Beacon in early 2026, benefitting from vast historical data from over 36,000 metres of drilling, including high-grade intervals that could be ideal for open pit mining scenario
- LaFleur Minerals combines near-term production, fully permitted infrastructure, and prime location in the heart of Val-d’Or’s active gold camp, offering investors a de-risked, high-leverage opportunity to participate in Québec’s next wave of gold consolidation and production growth
- Gold has rocketed above the $4,000 per ounce mark this year, after trading at $1,600 when the mill shut down in 2022
- LaFleur recently closed a flow-through private placement offering for aggregate gross proceeds of more than $1.66 million to help fund the operations
Gold explorer and near-term producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) anticipates that the coming year will be a productive one as the company’s derisked, proven infrastructure, Beacon Gold Mill, and exploration asset, its flagship Swanson Gold Project, gets up and running in early 2026.
Swanson and Beacon are both located in Val-d’Or, Québec, one of the most prolific and lowest-risk mining jurisdictions globally, sitting squarely in the renowned Abitibi Gold Belt of Quebec, a historic powerhouse in global gold production that has delivered up more than 190 million ounces of the precious metal during the past century (https://ibn.fm/maTWD). The greenstone belt accounts for more than 300 million ounces of gold when past production and current reserves are factored together, and LaFleur’s projects are in the heart of a jurisdiction surrounded by major operators (Agnico Eagle, Eldorado Gold, Probe Gold/Fresnillo), and well-connected via infrastructure (power, roads, skilled workforce).
Beacon Gold Mill’s pending restart coincides with a meteoric rise in gold prices during the past year, still trading near $4,100 an ounce in late November (https://ibn.fm/EjbF8) after previously hitting a record of nearly $4,400 an ounce the month before (https://ibn.fm/rus0I).
LaFleur Minerals is in the process of completing a Preliminary Economic Assessment (“PEA”) that intends to include data from its Swanson deposit as well as the company’s nearby Beacon Gold Mill, which is capable of processing over 750 metric tons per day and is in a state of readiness (pending some equipment upgrades) after last operating in 2022, when gold sold at $1,600 an ounce. Recommissioning at Beacon is already underway, with existing stockpiles on-site available for initial feed and test runs, providing LaFleur a clear path to cash flow faster than typical exploration-stage peers, with a low ~$5 million capex for restart and no permitting risk. Results from an ongoing twinned hole program will be used to refine Swanson’s geological interpretation, enhance the mineral resource model, and feed into the PEA and a robust mining model.
“We’re looking at having (the PEA) results out in December,” LaFleur CEO Paul Ténière said during an interview last month with Crux Investor (https://ibn.fm/t8nwF). “The Beacon Gold Mill is about 45 to 50 kilometers south of Swanson, and from the very beginning, as part of this PEA, we’ve looked at integrating these two projects together — traditionally they were kind of looked at separately.”
While the Beacon Gold Mill has the important potential to accept custom production projects from other mine operations in the Abitibi region to boost company revenues, LaFleur’s focus now is on getting its own operation running sourcing material from its district-scale Swanson Gold Project. LaFleur owns both mill infrastructure and a reliable source of feed, combined with size, grade and jurisdiction, this is a rare combination for a junior.
“Because Swanson is so advanced and sitting on an existing mining lease, we can get that into production fairly quickly compared to maybe other deposits in the region,” Ténière said. “We’ve already got a team looking at restarting the mill. … There’s cleanup to do, there’s maintenance to do at the mill. … So that everything is tuned up properly, so that when Swanson comes into play in early 2026, everything is running smoothly.”
LaFleur recently completed a flow-through private placement funding offer for aggregate gross proceeds of more than $1.66 million that benefits work such as ore-sorting and metallurgical testwork of a large bulk sample of 100,000 metric tons left from previous exploration (https://ibn.fm/DhMcM).
“We have lots of side projects on the go as part of the PEA,” Ténière said. “We’re also going to be doing some metallurgical testing of the historical drill core and also some drilling that we’re doing now at Swanson. … On the geology side, we’re doing a resource update. As part of that, we’re actually doing some twin holes and other additional holes at the Swanson deposit. We’ve got at least a dozen holes that are being done there. We’re more than halfway through that now and we’re just waiting for assay results to come back from that. The purpose of that is to verify the historical drilling but also looking at infill as well. So, we’ll have all those results back in the next few weeks and that will all be part of the PEA.”
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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