FAQ: LaFleur Minerals' Beacon Gold Mill Restart and Swanson Deposit High-Grade Results

What is the main update from LaFleur Minerals?

LaFleur Minerals provided an update on ramp-up activities at the Beacon Gold Mill and Swanson Gold Deposit, including mill maintenance completion, drilling near the historic Beacon Mine, and preparation to restart production using mineralized material from Swanson.

Why is the Beacon Gold Mill restart significant?

The restart is significant because an independent evaluation confirmed readiness within a $5 million budget, while replacement costs would exceed C$71.5 million. The mill can process over 750 tonnes per day and may handle material from Swanson and custom milling for nearby projects.

What are the key results from the Swanson Deposit drilling?

Initial assays from six of 24 completed drill holes (totaling 5,283 metres) returned high-grade, near-surface intercepts and step-out extensions, reinforcing the deposit’s scale, continuity, and open-pit potential.

Where are these projects located?

The projects are in Québec’s Abitibi Gold Belt near Val-d’Or. The Swanson Gold Project covers approximately 18,304 hectares and is easily accessible by road, allowing direct access to several nearby gold mills.

When is the comprehensive PEA expected?

LaFleur is finalizing a comprehensive Preliminary Economic Assessment (PEA) that is due by October 2025.

How does the Swanson Gold Project’s size and history support its potential?

The project spans 18,304 hectares and includes prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining, with consolidated land along a major structural break hosting multiple gold deposits and showings.

What is LaFleur Minerals’ mission and focus?

LaFleur Minerals is focused on developing district-scale gold projects in the Abitibi Gold Belt, with a laser focus on advancing the resource-stage Swanson Gold Project and the Beacon Gold Mill to deliver long-term value.

Where can I find more information and updates?

The full press release is available at https://ibn.fm/NtLIe, and the latest news for LaFleur Minerals (LFLRF) is in the company’s newsroom at http://ibn.fm/LFLRF.