LaFleur Minerals Inc. has announced the commencement of a fully funded, 5,000-metre diamond drilling campaign at its Swanson Gold Project in Quebec, representing a pivotal advancement in the company's exploration strategy. This drilling initiative follows the acquisition of all required permits, including Forestry Intervention and Authorization to Intervene, ensuring full compliance with environmental and regulatory standards. The program will focus on priority targets within the Swanson Gold Deposit as well as other prospective zones including Bartec, Jolin, and Marimac. These areas were identified through extensive geological and geophysical investigations incorporating magnetic surveys, induced polarization, and soil geochemistry analysis, demonstrating the company's systematic approach to exploration in the mineral-rich Abitibi region.
Concurrent with the drilling announcement, an independent valuation has established the replacement cost of the Beacon Gold Mill at over C$71.5 million, with rehabilitation and commissioning expenses estimated at C$4.1 million. This valuation provides LaFleur Minerals with a cost-efficient pathway to near-term production capacity, significantly enhancing the project's overall economic feasibility. The company has further strengthened its regional presence by expanding its land holdings to more than 18,300 hectares, underscoring the district-scale potential of its mineral assets in Quebec. These coordinated developments position the company for substantial growth while contributing to the broader mining sector's expansion in the province. Additional information about the drilling campaign and corporate progress is available at https://ibn.fm/KGilj.
