LaFleur Minerals Secures $1.66 Million for Swanson Gold Project Development

LaFleur Minerals Inc. has completed a flow-through private placement offering generating more than $1.66 million in gross proceeds to fund exploration and preparatory work at its Swanson Gold Project in Québec's Abitibi Gold Belt. The capital infusion will support preliminary economic assessment activities and exploration programs while enabling eligible ore sorting and metallurgical test work for the planned restart of the company's wholly owned Beacon Gold Mill by early next year.

The Swanson Gold Project represents LaFleur's flagship advanced-stage exploration property, featuring over 36,000 metres of historic drilling that has identified numerous gold-bearing regional structures. Initial assay results from test drilling have revealed multiple mineralized zones with geological conditions favorable for near-surface, open-pit operations. The project is designed to serve as a bulk sample extraction site from planned open-pit mining activities, providing critical data for full-scale production planning.

The flow-through financing structure provides tax advantages to Canadian investors while directing capital specifically toward exploration and development activities. This funding mechanism accelerates LaFleur's timeline for advancing the Swanson Project through the critical pre-production phase. The company's strategic position in the Abitibi Belt, one of the world's most productive gold regions, enhances the project's potential for successful development and eventual production.

LaFleur's technical team, led by Qualified Person Louis Martin, P.Geo., has reviewed all scientific information supporting the project's development pathway. The combination of established infrastructure, including the Beacon Gold Mill, with the advanced exploration data from Swanson creates a streamlined path toward gold production. Investors can access current company updates through the official newsroom.

The successful financing demonstrates market confidence in LaFleur's dual-track approach combining advanced exploration with near-term production capabilities. The company's progress comes amid renewed interest in Canadian gold projects, particularly those located in established mining districts with existing infrastructure and proven mineralization. The Abitibi Belt's mining-friendly jurisdiction and extensive geological database provide additional advantages for project advancement and potential resource expansion.