LaFleur Minerals Provides Update on Beacon Mill Restart, Results of Annual General and Special Meeting, and Swanson Gold Deposit Exploration and Drilling Updates
LaFleur Minerals (LFLRF) has provided updates on its Beacon Gold Mill restart program and Swanson Gold Project developments. The Beacon Mill, located in Val-d'Or, Québec, has a capacity exceeding 750 tons per day and is undergoing equipment inspections and maintenance. A final restart plan is expected by late April, with production targeted before end of 2025.
The Swanson Gold Project, spanning 16,000 hectares, includes several gold targets and has undergone over 36,000 metres of historical drilling. The company has invested over $1 million in flow-through funds for exploration activities and is preparing for spring drilling at multiple gold targets.
Additionally, shareholders approved key matters at the March 7, 2025 Annual General Meeting, including share option and restricted unit plans. The company received $816,750 from the exercise of 7,425,000 warrants issued in March 2023.
LaFleur Minerals (LFLRF) ha fornito aggiornamenti sul programma di riavvio del Beacon Gold Mill e sugli sviluppi del Swanson Gold Project. Il Beacon Mill, situato a Val-d'Or, Québec, ha una capacità superiore a 750 tonnellate al giorno ed è attualmente sottoposto a ispezioni e manutenzione delle attrezzature. Un piano finale di riavvio è previsto entro la fine di aprile, con l'obiettivo di avviare la produzione prima della fine del 2025.
Il Swanson Gold Project, che si estende su 16.000 ettari, comprende diversi obiettivi auriferi e ha subito oltre 36.000 metri di perforazioni storiche. L'azienda ha investito oltre 1 milione di dollari in fondi di flusso per le attività di esplorazione e si sta preparando per le perforazioni primaverili in più obiettivi auriferi.
Inoltre, gli azionisti hanno approvato questioni chiave durante l'Assemblea Generale Annuale del 7 marzo 2025, tra cui piani di opzioni azionarie e unità ristrette. L'azienda ha ricevuto 816.750 dollari dall'esercizio di 7.425.000 warrant emessi a marzo 2023.
LaFleur Minerals (LFLRF) ha proporcionado actualizaciones sobre su programa de reinicio del Beacon Gold Mill y los desarrollos del Swanson Gold Project. El Beacon Mill, ubicado en Val-d'Or, Québec, tiene una capacidad superior a 750 toneladas por día y está en proceso de inspección y mantenimiento de equipos. Se espera un plan final de reinicio para finales de abril, con la producción prevista antes de finales de 2025.
El Swanson Gold Project, que abarca 16,000 hectáreas, incluye varios objetivos de oro y ha pasado por más de 36,000 metros de perforaciones históricas. La empresa ha invertido más de 1 millón de dólares en fondos de flujo para actividades de exploración y se está preparando para perforaciones en primavera en múltiples objetivos de oro.
Además, los accionistas aprobaron asuntos clave en la Junta General Anual del 7 de marzo de 2025, incluidos planes de opciones sobre acciones y unidades restringidas. La empresa recibió 816,750 dólares por el ejercicio de 7,425,000 garantías emitidas en marzo de 2023.
LaFleur Minerals (LFLRF)는 Beacon Gold Mill 재가동 프로그램 및 Swanson Gold Project 개발에 대한 업데이트를 제공했습니다. 퀘벡주 발도르에 위치한 Beacon Mill은 하루 750톤 이상의 용량을 가지고 있으며 장비 점검 및 유지 보수를 진행 중입니다. 최종 재가동 계획은 4월 말까지 발표될 예정이며, 2025년 말 이전에 생산을 목표로 하고 있습니다.
Swanson Gold Project는 16,000헥타르에 걸쳐 있으며 여러 개의 금 목표를 포함하고 있으며, 36,000미터 이상의 역사적 드릴링이 진행되었습니다. 회사는 탐사 활동을 위해 100만 달러 이상의 유동 자금을 투자했으며, 여러 금 목표에 대한 봄철 드릴링을 준비하고 있습니다.
또한, 주주들은 2025년 3월 7일 연례 총회에서 주식 옵션 및 제한된 단위 계획을 포함한 주요 사항을 승인했습니다. 회사는 2023년 3월에 발행된 7,425,000개의 워런트 행사로부터 816,750달러를 수령했습니다.
LaFleur Minerals (LFLRF) a fourni des mises à jour sur son programme de redémarrage de la Beacon Gold Mill et sur les développements du Swanson Gold Project. La Beacon Mill, située à Val-d'Or, Québec, a une capacité dépassant 750 tonnes par jour et est en cours d'inspection et de maintenance des équipements. Un plan de redémarrage final est attendu d'ici fin avril, avec une production ciblée avant la fin de 2025.
Le Swanson Gold Project, s'étendant sur 16 000 hectares, comprend plusieurs cibles aurifères et a subi plus de 36 000 mètres de forages historiques. L'entreprise a investi plus d'un million de dollars dans des fonds de flux pour les activités d'exploration et se prépare à des forages de printemps sur plusieurs cibles aurifères.
De plus, les actionnaires ont approuvé des questions clés lors de l'Assemblée Générale Annuelle du 7 mars 2025, y compris des plans d'options d'achat d'actions et d'unités restreintes. L'entreprise a reçu 816 750 dollars de l'exercice de 7 425 000 bons émis en mars 2023.
LaFleur Minerals (LFLRF) hat Aktualisierungen zu seinem Neustartprogramm für die Beacon Gold Mill und den Entwicklungen des Swanson Gold Project bereitgestellt. Die Beacon Mill, die sich in Val-d'Or, Québec, befindet, hat eine Kapazität von über 750 Tonnen pro Tag und wird derzeit auf Ausrüstungsinspektionen und Wartung überprüft. Ein endgültiger Neustartsplan wird bis Ende April erwartet, mit dem Ziel, die Produktion vor Ende 2025 zu starten.
Das Swanson Gold Project, das sich über 16.000 Hektar erstreckt, umfasst mehrere Goldziele und hat über 36.000 Meter historische Bohrungen durchlaufen. Das Unternehmen hat über 1 Million Dollar in Flussmittel für Erkundungsaktivitäten investiert und bereitet sich auf Frühjahrsbohrungen an mehreren Goldzielen vor.
Darüber hinaus genehmigten die Aktionäre bei der Hauptversammlung am 7. März 2025 wichtige Angelegenheiten, darunter Aktienoptions- und eingeschränkte Einheitenpläne. Das Unternehmen erhielt 816.750 Dollar aus der Ausübung von 7.425.000 Warrants, die im März 2023 ausgegeben wurden.
- Strategic location of Beacon Mill in gold-rich region with gold prices exceeding $3,000/oz
- Mill capacity exceeding 750 tons per day
- Receipt of $816,750 from warrant exercises strengthening cash position
- Extensive 16,000-hectare land position with multiple gold targets
- Direct rail access to Beacon Mill reducing transportation costs
- Mill restart subject to additional inspections, repairs, and regulatory approvals
- Environmental assessments and geotechnical studies still pending
- Production timeline pushed to end of 2025
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2025) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide the following corporate updates.
BEACON GOLD MILL RESTART AND SWANSON GOLD PROJECT UPDATES
The Beacon Mill is a fully refurbished and permitted gold mill situated in Val-d'Or, Québec, on the mineral-rich Abitibi Greenstone Belt, where LaFleur Minerals is laser focused on restarting gold production using large bulk samples and mineralized material from nearby gold deposits. With the price of gold in excess of USD
Figure 1: Photo of interior of Beacon Mill currently undergoing detailed inspections for restart
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Figure 2: Photo of exterior of Beacon Mill in Val-d'Or, Québec
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Equipment inspections, parts inventory, and maintenance work continues on a full-time basis at the Company's Beacon Gold Mill as part of its restart program (Figure 1 and Figure 2). A final plan and budget to restart the mill will be completed by ABF Mines by late April once final inspections are complete. The Company has also engaged an environmental services company based in Val-d'Or, Québec to complete a federal government requirement to assess and monitor the environmental effects on the tailings and finishing ponds at the Beacon tailings storage facility ("TSF"). In addition, the Company will be engaging an engineering firm to complete a geotechnical assessment/inspection of the TSF and complete any required repairs or upgrades prior to commencing production at the mill. The Company remains committed to restart production at the Beacon Mill to process bulk samples and/or for custom milling purposes prior to the end of 2025, or once all required restart work has been completed and final approvals have been received by the Québec government.
SWANSON GOLD PROJECT UPDATES
The Swanson Gold Project holds a large position in an attractive mining jurisdiction, extending over 16,000 hectares in size and includes several prospects rich in gold and critical metals, previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The consolidated Swanson Gold Project covers a major structural break that hosts the Swanson, Bartec, and Jolin gold targets along with numerous other significant gold showings. The Swanson Gold Project is easily accessible by road with a rail line running through the property, allowing direct access to the Beacon Gold Mill, further enhancing its development potential. The Swanson Gold Project has had in excess of 36,000 metres of historical drilling, which underscores the advanced exploration and development potential of the project, which includes several favourable gold bearing regional structures and deformation corridors extending across the property. Since acquiring the Swanson deposit and consolidating the large claims package, the Company has deployed in excess of
The Company has submitted an application for a diamond drilling permit to the Québec government for the Swanson Gold Project and will be sending Requests for Quotes (RFQ) to local drilling contractors, with drilling expected to commence in the spring at the Swanson, Bartec, Jolin and other recently delineated gold targets.
RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING
LaFleur Minerals also announces the results of its Annual General and Special Meeting ("AGSM") held on March 7, 2025. All matters presented at the AGSM were approved by shareholders including: (1) the Company's
EXERCISE OF WARRANTS
Additionally, the Company also announces that it has received total gross proceeds of
QUALIFIED PERSON STATEMENT
All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill and Property, which have significant potential to deliver long-term value. The Swanson Gold Project is over 16,000 hectares (160 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 recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements." All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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