Curated News
By: NewsRamp Editorial Staff
May 22, 2026

LaFleur Minerals Advances Beacon Mill and Swanson Gold Project Amid Soaring Gold Prices

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Original Source

TLDR

  • LaFleur Minerals restarts Beacon Gold Mill and advances Swanson deposit, positioning for gains amid volatile gold prices.
  • LaFleur plans rail spur to connect Swanson project to mill, targeting open-pit gold recovery with high-grade intercepts.
  • LaFleur's gold projects in Québec aim to create jobs and economic growth while responsibly developing mineral resources.
  • A 121.0 g/t gold intercept over 1.1 meters highlights significant high-grade potential at LaFleur's Swanson project.

Impact - Why it Matters

Why it matters: Gold prices have surged to historic highs, creating a favorable environment for mining companies with advanced projects. LaFleur Minerals is strategically positioned in the prolific Abitibi greenstone belt, with a fully permitted mill and a large land package that could deliver significant gold production. The company's efforts to restart the Beacon Mill and develop the Swanson deposit could provide tangible returns for investors and contribute to local economic development. As gold prices remain volatile, LaFleur's progress may offer a hedge against market uncertainty and a direct play on precious metals.

Summary

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is making significant strides in advancing its gold operations in the Abitibi Gold Belt near Val-d'Or, Québec. The company was recently featured in an article highlighting its efforts to restart the Beacon Gold Mill and develop the nearby Swanson Gold Deposit, part of its expansive 192-square-kilometer Swanson Project. CEO and Director Paul Ténière noted that the last quarter has been extremely busy, with gold prices surging from US$4,000 in early 2025 to a high of US$5,400, and now trading volatility in the US$4,500-$5,000/ounce range. This favorable gold market has enhanced LaFleur's prospects, as the company employs strategic acquisitions and experienced management to protect shareholder value through efficient financing.

The Abitibi greenstone belt is an unrivaled source of gold production, accounting for over 300 million ounces when historic and current reserves are combined. LaFleur has been in talks with rail officials to improve transit between the Swanson Project and the Beacon Gold Mill, proposing a new spur extending directly from the rail line crossing the property to the mill. The company also anticipates potential open-pit gold recovery across the entire 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 district-scale gold projects, with a mission to advance its resource-stage Swanson Gold Project and the fully permitted, refurbished Beacon Gold Mill, capable of processing over 750 tonnes per day. The mill is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. The company's large land package along a major structural break hosts the Swanson, Bartec, and Jolin gold deposits, and is easily accessible by road, enhancing development potential. For the latest news and updates relating to LFLRF, visit the company's newsroom at https://ibn.fm/LFLRF.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, LaFleur Minerals Advances Beacon Mill and Swanson Gold Project Amid Soaring Gold Prices

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