LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is progressing toward near-term gold production in Quebec’s Abitibi Gold Belt by recommissioning its fully permitted Beacon Gold Mill and developing the nearby Swanson Gold Deposit. According to a recent announcement, refurbishment work at the 750-tonnes-per-day mill was 94% complete as of July 1, with plans to initially process existing mineralized material before targeting capacity of 1,250 tonnes per day by the end of the first year.
The Swanson project encompasses approximately 23,101 hectares and has a reported indicated mineral resource of 160,300 ounces of gold and an inferred resource of 66,800 ounces, while recent drilling returned several broad gold-bearing intervals. LaFleur recently released the results of a positive Preliminary Economic Assessment for the Swanson Gold Project and the planned restart of the Beacon Gold Mill, underscoring low capital expenditure and robust economics.
Beyond Swanson and Beacon, LaFleur has expanded its land position in the Abitibi region and is exploring the potential for a direct rail connection that could improve material transportation and potentially allow the mill to process feed from additional satellite sources. The company’s mission is to advance mining projects with a focus on its PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value.
The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential. The recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.
For investors, the latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF. The full article can be viewed at https://ibn.fm/knPA7. LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec.
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