LaFleur Minerals Advances Beacon Gold Mill Restart and Swanson Deposit Development in Québec
TL;DR
LaFleur Minerals offers investors a strategic advantage with its Beacon Gold Mill restart at a $5 million budget, significantly below the $71.5 million replacement cost.
LaFleur Minerals is completing mill maintenance, planning drilling near the historic Beacon Mine, and preparing logistics to restart production using Swanson mineralized material.
LaFleur Minerals' development of the Swanson Gold Project creates economic opportunities in Québec's Abitibi region while advancing responsible gold mining operations.
LaFleur Minerals' recent drilling at Swanson revealed high-grade, near-surface gold intercepts that expand the deposit's scale and open-pit potential in Québec.
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LaFleur Minerals Inc. has provided an update on ramp-up activities at the Beacon Gold Mill and Swanson Gold Deposit located in Québec's Abitibi Gold Belt. The company is currently completing mill maintenance, planning drilling near the historic Beacon Mine, and preparing logistics to restart production using mineralized material from the Swanson Deposit. An independent evaluation has confirmed restart readiness within a $5 million budget while highlighting that replacement costs would exceed C$71.5 million, representing substantial value preservation for the company.
The company is also finalizing a comprehensive preliminary economic assessment due by October 2025. At the Swanson Deposit, 24 drill holes totaling 5,283 metres have been completed, with initial assays from six holes returning high-grade, near-surface intercepts. These results include step-out extensions that reinforce the scale, continuity, and open-pit potential of the deposit, suggesting robust economics for future mining operations.
The Swanson Gold Project covers approximately 18,304 hectares and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits along with several other showings. The project's accessibility by road allows direct access to several nearby gold mills, enhancing its development potential and reducing infrastructure costs.
LaFleur Minerals' fully-permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson as well as for custom milling operations for other nearby gold projects. The latest news and updates relating to the company are available in their newsroom at http://ibn.fm/LFLRF. The company's progress comes as MiningNewsWire, a specialized communications platform focusing on developments in the global mining and resources sectors, continues to provide coverage of industry advancements. More information about the platform can be found at https://www.MiningNewsWire.com. The full terms of use and disclaimers applicable to all content provided by MiningNewsWire are available at https://www.MiningNewsWire.com/Disclaimer.
Curated from InvestorBrandNetwork (IBN)
