FAQ: LaFleur Minerals' Gold Production Potential and Beacon Gold Mill

What is LaFleur Minerals and what does it do?

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is a Canada-headquartered mining company focused on developing district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The company is advancing its resource-stage Swanson Gold Project and owns the fully permitted Beacon Gold Mill.

What is the Swanson Gold Project and where is it located?

The Swanson Gold Project is approximately 18,304 hectares (45,230 acres) located in the Abitibi Gold Belt near Val-d’Or, Québec. It includes several gold-rich prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining, and is easily accessible by road with direct access to nearby gold mills.

What is the Beacon Gold Mill and why is it significant?

The Beacon Gold Mill is LaFleur’s 100%-owned, fully permitted and recently refurbished processing facility capable of processing over 750 metric tons per day. It’s significant because it was purchased for a small fraction of its C$71 million replacement cost and provides a low-cost path to production with only C$5 million needed for restart upgrades.

How does LaFleur benefit from current gold market conditions?

As gold prices have skyrocketed, LaFleur serves as a valuable conduit for surrounding regional deposits that want to jump start into production without their own processing facility. The company can generate revenue through custom milling operations while taking advantage of market optimism.

What evidence supports the gold potential at the Swanson site?

The gold potential is supported by initial investigations, the amount of gold recovery nearby, extensive data, and results from over 36,000 metres of historical drilling. The project is located along a major structural break that hosts multiple gold deposits and showings.

What is the cost advantage of restarting the Beacon Gold Mill?

The Beacon Gold Mill requires only an estimated C$5 million in restart upgrades despite having received over C$20 million in equipment and upgrades from the previous owner. This represents a low restart cost compared to the asset’s C$71 million replacement value.

Where can investors find more information about LaFleur Minerals?

The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF. Additional information can be found in the full article at https://ibn.fm/G6OJU.

What makes the Swanson Gold Project strategically positioned?

The Swanson Gold Project is strategically positioned because it’s easily accessible by road allowing direct access to several nearby gold mills, and it’s located along a major structural break that hosts multiple gold deposits including Swanson, Bartec, and Jolin deposits.