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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 (LFLRF) announces plans to restart its 100%-owned Beacon Gold Mill in Val-d'Or, Québec. The mill, last operational in early 2023 when gold was at $1,800/oz, is now targeting restart as gold approaches $3,000/oz. The facility aims for 30,000-40,000 ounces annual gold production based on current capacity.
The company plans to complete permits and updates by Q2 2025, targeting custom milling opportunities from nearby deposits. The Beacon Mill is strategically located in the Abitibi Gold Belt, surrounded by over 100 historical and operating mines.
Additionally, LaFleur acquired 17 new mining claims (699 hectares) adjacent to its Swanson Gold Project, which currently holds 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). The acquisition cost includes $15,000 cash and 150,000 company shares.
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has announced two significant updates. First, the company reminds shareholders of its rescheduled Annual General and Special Meeting, set for March 7, 2025, at 10:00 am PT in Vancouver. Shareholders attending via telephone must submit proxy votes by March 5, 2025.
Additionally, the company has entered into a Property Purchase Agreement dated February 10, 2025, to acquire 13 mining claims covering 642 hectares contiguous to their Swanson Gold Project in Quebec. The claims include the 1694 Au-Ag showing with a historical grab sample of 2.5 g/t Au. The purchase terms include a $12,000 cash payment and issuance of 100,000 common shares to the vendor, due by February 28, 2025, or upon CSE approval.
CEO Paul Ténière stated these strategically located claims between Bartec and Jolin deposits align with their consolidation strategy in the Swanson region, which spans over 150 km² and contains numerous gold occurrences.