LaFleur Minerals Launches Major Drill Program at Swanson Gold Project in Québec

LaFleur Minerals Inc. has initiated a 5,000-meter diamond drill program at its Swanson Gold Project located in Québec's Abitibi Gold Belt, marking a substantial advancement in the company's mining operations. This drilling initiative follows encouraging exploration results that included high-grade grab samples reaching up to 11.7 g/t Au, providing strong geological justification for the expanded exploration effort. The company has identified more than 50 drill targets through comprehensive geophysical surveys and systematic soil sampling, highlighting the considerable mineral potential of the property.

The drill program represents a critical component of LaFleur's broader strategy to restart its 100%-owned Beacon Gold Mill by early 2026. This mill reactivation project requires an estimated investment of C$5–6 million, and the company is currently engaged in advanced discussions with institutional and private equity groups to secure the necessary financing. The Beacon Gold Mill possesses a processing capacity exceeding 750 tonnes per day and is being considered for dual purposes: processing mineralized material from the Swanson project and providing custom milling services for other gold projects in the vicinity.

In a strategic move to strengthen its project development capabilities, LaFleur has appointed Peter Espig as Strategic Advisor. Espig brings extensive experience in capital markets and mill operations, expertise that is expected to significantly contribute to advancing the company's operational and financial objectives. His appointment comes at a pivotal time as the company moves toward mill restart and expanded exploration activities.

The Swanson Gold Project encompasses approximately 16,600 hectares in a highly prospective region near Val-d'Or, Québec. The property benefits from excellent infrastructure, including road access and a rail line running directly through the property, which enhances development potential and provides direct access to multiple nearby gold mills. This strategic location within the Abitibi Gold Belt, one of the world's most prolific gold-producing regions, positions LaFleur to capitalize on the area's established mining infrastructure and geological potential.

LaFleur's efforts to consolidate a substantial land package along a major structural break underscore the strategic importance of its operations in the region. The company's focus on advancing district-scale gold projects through systematic exploration and mill reactivation demonstrates a comprehensive approach to value creation. The planned bulk sampling and toll milling operations at the Beacon Mill are expected to generate near-term cash flow while supporting longer-term resource development objectives at the Swanson Gold Project.