LaFleur Minerals Launches Major Drill Program at Swanson Gold Project in Québec

LaFleur Minerals Inc. has announced a significant 5,000-meter diamond drill program at its Swanson Gold Project located in Québec's Abitibi Gold Belt. This drilling initiative follows encouraging exploration results, including high-grade grab samples reaching up to 11.7 g/t Au, and represents a crucial step in the company's comprehensive strategy to restart its 100%-owned Beacon Gold Mill by early 2026. The company has identified more than 50 drill targets through extensive geophysical surveys and soil sampling, highlighting the substantial exploration potential of the Swanson Gold Project.

To strengthen its project funding and operational expansion efforts, LaFleur has appointed Peter Espig as Strategic Advisor. Espig brings considerable expertise in capital markets and mill operations, which is expected to play a pivotal role in advancing the company's strategic objectives. LaFleur is currently engaged in advanced discussions with institutional and private equity groups to secure the necessary financing for the Beacon Mill restart, estimated to require an investment between C$5 million and C$6 million. The mill restart aims to generate near-term cash flow through bulk sampling and toll milling operations, marking a significant milestone in the company's growth trajectory.

The Swanson Gold Project spans approximately 16,600 hectares and is strategically positioned near Val-d'Or, Québec, with excellent accessibility via road and a rail line running directly through the property. This accessibility significantly enhances the project's development potential, providing direct access to several nearby gold mills. The Beacon Gold Mill, capable of processing more than 750 tonnes per day, is being considered not only for processing mineralized material from the Swanson project but also for custom milling operations for other nearby gold projects. This development underscores LaFleur Minerals Inc.'s commitment to advancing district-scale gold projects in the Abitibi Gold Belt, with a focus on delivering long-term value through its resource-stage Swanson Gold Project and the Beacon Gold Mill.