LaFleur Minerals Launches 5,000-Metre Drilling Program at Swanson Gold Project

LaFleur Minerals Inc. has commenced a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project following the receipt of necessary permits. This development underscores the company's commitment to advancing its gold exploration activities in Québec. The drilling program represents a critical step in assessing the project's potential and moving toward production, marking a significant milestone in the company's development timeline.

In addition to the drilling program, LaFleur has completed an independent valuation of its Beacon Gold Mill, revealing that the facility is in excellent condition. The estimated restart cost of C$4.1 million contrasts sharply with the replacement value of over C$71.5 million, highlighting the mill's substantial strategic value to the company. This asset positions LaFleur as a uniquely equipped junior miner with both a promising gold project and a fully permitted mill in a major mining district, providing significant competitive advantages in the current market environment.

The company has also expanded its Swanson land package to more than 18,300 hectares, further solidifying its presence in the region. This expansion, coupled with the strategic advantages of the Beacon Gold Mill, enhances LaFleur's potential to deliver long-term value to its stakeholders. The Swanson Gold Project's accessibility by road and rail adds to its development potential, offering direct access to nearby gold mills and reducing logistical challenges typically associated with remote mining operations. For additional information about LaFleur Minerals Inc. and its projects, visit https://ibn.fm/Y5cBl.

The combination of the fully funded drilling program, the strategically valuable Beacon Gold Mill, and the expanded land position creates a compelling investment proposition in the junior mining sector. The mill's condition and favorable restart economics provide LaFleur with a significant head start compared to peers who would need to invest substantially more capital in infrastructure development. This comprehensive approach to project development demonstrates the company's methodical strategy for advancing its assets while maintaining fiscal responsibility and maximizing shareholder value through strategic asset management.