Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF)and may include paid advertising.
- Near-term gold producer LaFleur Minerals reported a large-scale gold discovery at its Swanson Gold Project within the Abitibi Gold Belt, some of the drill core assays have significantly expanded Swanson mineralization zones beyond the company’s March mineral resource estimate (“MRE”)
- LaFleur’s March MRE produced a 30% increase in indicated mineral resources ounces over its previous MRE, and the new results confirm broad, continuous zones of gold mineralization that extend well below its limits
- LaFleur owns nearby Beacon Gold Mill and is preparing to resume its operations later this quarter with on-site stockpile and mineralized material from Swanson, aiming to scale from 750 metric tons per day (“TPD”) to 1,250 TPD by 2027, and later toward 3,000 or 4,000 TPD, supported by financing and offtake terms from Trafigura
- Swanson and Beacon are located near Val d’Or, Quebec, an established base for mining labor and resources for exploration in the prolific Abitibi Greenstone Belt
Near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is celebrating news of a large-scale gold discovery and expanding gold system at the company’s flagship project in the Abitibi Greenstone Belt of eastern Canada. A series of drill holes, targeting down-dip continuity over a 120-metre strike length at vertical depths of ~300-450 metres, successfully confirmed that the Swanson mineralized system remains robust and laterally continuous beyond the existing resource envelope, with results of 1.18 g/t Au over 255.04 metres (SW-25-080), 1.65 g/t Au over 136.01 metres (SW-25-081) and 2.29 g/t Au over 68.30 metres (SW-25-079).
In March, LaFleur announced a 30% increase in indicated mineral resources ounces from the mineral resource estimate (“MRE”) completed in 2024 at its Swanson Gold Deposit, establishing a new MRE of 2.96 Mt at 1.69 g/t Au for 160.3 koz of contained gold as well as an inferred mineral resource 1.08 Mt at 1.93 g/t Au for 66.8 koz of contained gold (https://ibn.fm/t1gDN).
On April 21, LaFleur further announced that the positive results of its recent drilling program had confirmed “new gold discovery zones with the presence of broad, continuous zones of gold mineralization that extend well below the limits of the current [2026] resource model, expanding and confirming the potential for a large-scale gold system” by providing an improved understanding of the geometry and plunge of the mineralized zones at Swanson (https://ibn.fm/3lHaN).
The results reinforce the strong potential for expanding exploration in the larger Swanson project, and the possibility of high-grade segments of mineralization at depth.
“LaFleur has intersected some of the strongest and widest gold mineralization to date at its Swanson Gold Project,” LaFleur Chairman Kal Malhi stated in the April news release.
“Importantly, these holes not only extend the deposit beyond the current resource envelope but also highlight the presence of higher-grade zones that could enhance the overall economics of the project,” CEO and Director Paul Ténière added. “With mineralization remaining open at depth and along strike, we believe Swanson has the potential to evolve into a much larger gold system than previously defined.”
The Swanson Gold Deposit can now be traced over approximately 275 meters along strike, with an average horizontal width of 150 meters and depths of more than 300 meters. The deposit has been the primary focus area of LaFleur’s Swanson Gold Project, which covers 192 square kilometers and is one of the largest gold projects near Val d’Or, Quebec, an established base for labor and resources that sustain the varied exploration efforts throughout the Abitibi region in eastern Canada.
LaFleur’s exploration success at Swanson, combined with the recent addition of the McKenzie East Gold Project, a property adjacent and contiguous to Frenillo’s McKenzie Break Gold Deposit, reinforces the company’s strategy of systematically building gold resources within trucking distance of its wholly owned Beacon Gold Mill, creating a scalable mine-to-mill gold production platform.
The prime location of the project, as well as its fully permitted infrastructure and plans to resume gold production at LaFleur’s nearby Beacon Gold Mill later this quarter offer investors a de-risked, high-leverage opportunity to participate in the next wave of gold consolidation coming out of Quebec.
LaFleur plans to use an existing 10,000 to 20,000 metric tons of feedstock at the project to resume gold pours at the mill, which was idled by its previous owner a few years ago when gold prices were much lower than they are now.
Gold prices have effectively doubled since January 2025, remaining in the US$4,500 to $5,000-per-ounce range in recent months even amid wartime volatility. The Beacon Gold Mill will initially process material at 750 metric tons per day (“TPD”), while building toward 1,000 TPD and then to 1,250 TPD during the first year or resumed operation. The company’s two-year target is 3,000 to 4,000 TPD, according to Ténière.
Further drilling is ongoing on the property. The newest drill holes include findings of wide mineralization in two spots, with 1.18 g/t Au over 255.04 meters and 1.65 g/t Au over 136.01 meters, as well as the higher-grade 2.29 g/t Au over 68.30 meters at a third site.
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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