LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is advancing a multi-pronged growth strategy centered on restarting its Beacon Gold Mill and developing the nearby Swanson Gold Project, according to a recent article discussing the company's efforts. The company's CEO and Director Paul Ténière noted that the last quarter has been extremely busy, with major developments for LaFleur and a volatile gold market that saw prices range from US$4,000 to US$5,400 per ounce before settling into a US$4,500-$5,000 range.
The Abitibi greenstone belt, where the projects are located, has produced over 300 million ounces of gold historically and currently. LaFleur has employed strategic acquisitions and experienced management to protect shareholder value through efficient financing, and the gold market's recent prosperity has increased the company's overall prospects. The company has also been in talks with rail officials to improve transit between the Swanson Project and the Beacon Mill, proposing a new spur that would extend directly from the rail line crossing the property to the mill.
LaFleur anticipates the potential of additional open-pit gold recovery across the Swanson Project, which includes 445 mineral claims and one mining lease. Diamond drilling intercepts have shown findings of 2.05 g/t Au over 158.25 meters, with narrow high-grade results including 121.0 g/t Au over 1.1 meters. The full article can be viewed at https://ibn.fm/jWhke.
LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. The company's mission is to advance mining projects with a focus on the resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km²) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings. The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential. 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 and for custom milling operations for other nearby gold projects.
For the latest news and updates relating to LFLRF, visit the company's newsroom at https://ibn.fm/LFLRF.
