FAQ on LaFleur Minerals Inc.'s Diamond Drilling Launch and Beacon Gold Mill Valuation

What is the significance of LaFleur Minerals Inc.’s diamond drilling campaign at the Swanson Gold Project?

The diamond drilling campaign signifies LaFleur Minerals Inc.’s proactive steps towards exploring and potentially expanding gold mineralization at its Swanson Gold Project, with a fully funded 5,000-metre program targeting priority zones identified through geological and geophysical surveys.

Where is the Swanson Gold Project located?

The Swanson Gold Project is located in the prolific Abitibi region of Quebec, known for its rich gold deposits.

What permits has LaFleur Minerals Inc. received for the drilling campaign?

LaFleur Minerals Inc. has received all necessary drilling permits, including Forestry Intervention and Authorization to Intervene, allowing the commencement of the diamond drilling campaign.

What is the estimated replacement cost of the Beacon Gold Mill?

An independent valuation has pegged the Beacon Gold Mill’s replacement cost at over C$71.5 million, with rehabilitation and commissioning estimated at an additional C$4.1 million.

How does the Beacon Gold Mill valuation impact LaFleur Minerals Inc.?

The valuation underscores the mill’s significant asset value and presents a low-cost path to near-term production, enhancing LaFleur Minerals Inc.’s position as a near-term gold producer.

What is the size of LaFleur Minerals Inc.’s land package in the area?

The company has expanded its land package to over 18,300 hectares, reinforcing its district-scale potential for gold exploration and production.

Where can I find more information about LaFleur Minerals Inc. and its projects?

More information is available in the company’s newsroom at ibn.fm/LFLRF and through MiningNewsWire at www.miningnewswire.com.

What are the next steps for LaFleur Minerals Inc. following the drilling campaign?

Following the drilling campaign, the company expects to receive assay results and additional details, which will guide further exploration and development efforts at the Swanson Gold Project and surrounding areas.