LaFleur Minerals Inc. has reported significant technical and infrastructure advancements at its Swanson Gold Deposit and wholly owned Beacon Gold Mill in Québec as the company enters the final stages of its Preliminary Economic Assessment. The progress includes completed verification drilling to support the PEA, ongoing metallurgical and mill optimization studies, and evaluation of permitted tailings facility expansion. These developments support a disciplined, capital-efficient restart of gold production at a time when gold prices remain well above levels seen during Beacon's last operation in 2022.
The company is advancing plans to restart the 750-tonne-per-day mill, which is scalable under the PEA to 1,000 tpd and potentially 3,000–4,000 tpd longer term. This expansion would leverage feed from the nearby Swanson Gold Project, located in the Abitibi Gold Belt near Val-d'Or, Québec. The Swanson Gold Project encompasses approximately 18,304 hectares and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The project's accessibility by road allows direct access to several nearby gold mills, enhancing its development potential.
LaFleur recently completed a $7.8 million financing to fully fund the mill restart, continued metallurgical testing and infrastructure planning. The company has also engaged in preliminary discussions with Canadian National Railway on rail enhancements to support long-term production and logistics efficiencies. The Beacon Gold Mill is fully permitted and refurbished, capable of processing over 750 tonnes per day, and is being considered for processing mineralized material from Swanson as well as for custom milling operations for other nearby gold projects.
The company's strategic focus on district-scale gold projects in the Abitibi Gold Belt positions it to capitalize on favorable market conditions. With gold prices sustaining elevated levels, the planned restart of the Beacon Gold Mill represents a timely opportunity for LaFleur Minerals to re-enter production. The integration of the Swanson Gold Project's resources with the existing mill infrastructure creates a vertically integrated operation that could deliver long-term value through efficient resource development and processing capabilities.
For investors and industry observers, LaFleur's progress toward completing its Preliminary Economic Assessment signals a critical milestone in the company's development trajectory. The combination of verified resources, permitted infrastructure, and secured funding creates a foundation for potential near-term production restart. The latest news and updates relating to LaFleur Minerals are available in the company's newsroom at http://ibn.fm/LFLRF. The full press release detailing these developments can be viewed at https://ibn.fm/IDZeM.
