Curated News
By: NewsRamp Editorial Staff
June 04, 2025
LaFleur Minerals Launches Major Drill Program at Swanson Gold Project
TLDR
- LaFleur Minerals' 5,000-meter drill program at Swanson Gold Project offers investors a strategic advantage with potential high-grade gold discoveries and near-term cash flow opportunities.
- LaFleur Minerals plans a 5,000-meter diamond drill program at Swanson, supported by geophysical surveys and high-grade samples, aiming for Beacon Gold Mill restart by 2026.
- LaFleur Minerals' exploration and mill restart efforts in Québec could boost local economies and advance sustainable gold mining practices in the Abitibi region.
- Discover how LaFleur Minerals' ambitious drill program and Beacon Gold Mill restart plan could unlock Québec's next major gold discovery.
Impact - Why it Matters
This news is significant for investors and stakeholders in the mining sector as it highlights LaFleur Minerals' strategic advancements in gold exploration and milling operations in Québec's prolific Abitibi Gold Belt. The planned drill program and the restart of the Beacon Gold Mill could significantly enhance the company's value and contribute to the local economy by creating jobs and fostering development in the mining sector. The involvement of a seasoned mining executive like Peter Espig and the pursuit of financing underscore the project's potential and LaFleur's commitment to realizing its vision, making it a noteworthy development in the gold mining industry.
Summary
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced an ambitious 5,000-meter diamond drill program at its Swanson Gold Project in Québec's Abitibi Gold Belt, aiming to capitalize on promising exploration results. The project, supported by over 50 identified drill targets from geophysical surveys and high-grade grab samples, marks a significant step towards restarting its 100%-owned Beacon Gold Mill by early 2026. The company has also welcomed Peter Espig, a seasoned mining executive, as a Strategic Advisor to bolster project funding and expansion efforts. With advanced discussions with institutional and private equity groups underway, LaFleur is poised to finance the Beacon restart, estimated at C$5–6 million, targeting near-term cash flow through bulk sampling and toll milling.
LaFleur Minerals is dedicated to developing district-scale gold projects in the Abitibi Gold Belt, with the Swanson Gold Project and the Beacon Gold Mill at the forefront of its mission. The Swanson Gold Project, encompassing 16,600 hectares, is rich in gold and critical metals, benefiting from strategic land consolidation and accessibility. The Beacon Gold Mill, capable of processing over 750 tonnes per day, is set to play a pivotal role in processing mineralized material from Swanson and offering custom milling services to nearby projects. For more details, visit LaFleur Minerals' website.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, LaFleur Minerals Launches Major Drill Program at Swanson Gold Project
