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LaFleur Minerals Inc. reports exploration and development updates for gold assets in Québec's Abitibi Gold Belt. Company news centers on drilling at the Swanson Gold Project, mineral resource and technical-report disclosures, and work related to the 100%-owned Beacon Gold Mill near Val-d'Or.
Recurring developments also include leadership and operating-capacity updates as the company advances a mine-to-mill gold strategy, along with announcements tied to capital structure, governance matters, shareholder actions, material agreements, and operating or financial results.
LaFleur Minerals (OTCQB:LFLRF) has announced two major developments: the commencement of diamond drilling at its Swanson Gold Project in Quebec and the completion of an independent valuation of its Beacon Gold Mill. The Beacon Mill valuation by Bumigeme revealed replacement costs of C$71.5 million, while rehabilitation costs are estimated at only C$4.1 million.
The company has launched a fully funded 5,000-metre drilling program at Swanson after receiving necessary permits. Additionally, LaFleur has expanded its land position to 18,304 hectares across 445 claims and 1 mining lease, significantly enhancing its exploration potential in the Abitibi Gold Belt.
The company aims to complete the Beacon Mill restart program by early 2026, positioning itself as a near-term gold producer with both an advanced gold project and a fully-permitted mill in Quebec.
LaFleur Minerals (OTCQB: LFLRF) has engaged Bumigeme Inc., a Montreal-based engineering firm, to conduct a valuation report on its wholly-owned Beacon Gold Mill in Val-d'Or, Quebec. The report will assess the replacement value of the mill and tailings storage facility (TSF) as part of the company's near-term restart plan.
The Beacon Gold Mill, located in the Abitibi gold belt, received over $20 million in equipment and upgrades in 2022 from its previous operator. The facility is fully permitted and backed by a $2.4 million reclamation bond. The valuation report will support LaFleur's financing initiatives for the mill restart and complement its planned Preliminary Economic Assessment (PEA) for the Swanson Gold Project.
LaFleur Minerals (OTCQB: LFLRF) is emerging as a notable player in Canada's Abitibi Gold Belt with its Beacon Gold Mill and Swanson Gold Project. The company is strategically positioned to benefit from record gold prices, which have surged to US$3,300 per ounce in early 2025.
The company owns a fully permitted 750 tonne-per-day mill and controls a compliant resource of over 187,000 ounces of gold. LaFleur plans to transition from explorer to producer, with mill restart expected by late 2025 for bulk sampling and custom milling, targeting full-scale production of up to 30,000 ounces annually by early 2026.
LaFleur Minerals (OTCQB:LFLRF) is positioned to capitalize on the historic gold price surge, which has exceeded $3,300 per ounce in early 2025. The company's key advantage is its fully permitted gold mill located in Canada's most productive gold region, enabling near-term production capabilities.
Market experts project gold prices could reach $4,000 per ounce within the next 12-18 months, driven by unstable U.S. fiscal policy and rising inflation. LaFleur aims to establish itself among quality gold-mining operations, leveraging Canada's reputation for high-quality deposits and operational stability.
LaFleur Minerals Inc. (OTCQB:LFLRF) is emerging as a notable player in Canada's premier gold-producing region, positioned to capitalize on gold's recent surge to US$3,300 per ounce. The company features a fully permitted gold mill in one of Canada's most productive gold regions, offering investors exposure to near-term production potential.
This development comes amid analyst predictions of gold reaching US$4,000 per ounce within 12-18 months, driven by weakening U.S. fiscal policy confidence and rising inflation. The company's strategic position in a stable jurisdiction known for quality deposits and operational reliability enhances its appeal to investors seeking exposure to the gold sector.
LaFleur Minerals (LFLRF) has initiated the permitting process for a surface bulk sample from its Swanson Gold Deposit in the Abitibi Gold Belt, to be processed at its 100%-owned Beacon Gold Mill in Val-d'Or, Québec. The company plans to extract approximately 100,000 tonnes with an estimated grade of 1.89 g/t Au, containing about 6,350 oz of gold, representing 3% of current mineral resources.
The Swanson deposit hosts Indicated Resources of 123,400 oz gold (2.11M tonnes at 1.8 g/t) and Inferred Resources of 64,500 oz gold (872,000 tonnes at 2.3 g/t). LaFleur aims to restart the 750 tpd Beacon Mill by end of 2025, targeting annual production of 30,000-40,000 oz gold. With gold prices approaching USD$3,500/oz, the company seeks to transition from explorer to producer through this strategic initiative.
LaFleur Minerals (LFLRF) has signed a Memorandum of Understanding (MOU) with Granada Gold Mine to evaluate processing mineralized material from the Granada Gold Project at LaFleur's Beacon Gold Mill in Val-d'Or, Québec. The fully permitted mill can process over 750 tonnes per day and targets potential annual production of 30,000-40,000 ounces of gold.
The non-binding, non-exclusive MOU dated March 25, 2025, enables technical data exchange between parties regarding metallurgy, flow-sheet configuration, and mill modifications. If deemed viable, the parties may enter into a commercial agreement and conduct a mining economic study. The Beacon Mill, last operational in early 2023, is undergoing restart preparations expected to complete by end of 2025.
Additionally, LaFleur owns the Swanson Gold Project, spanning 16,000 hectares with Indicated Resources of 123,400 oz gold (2.11M tonnes at 1.8 g/t) and Inferred Resources of 64,500 oz gold (872,000 tonnes at 2.3 g/t).
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.