Curated News
By: NewsRamp Editorial Staff
July 18, 2025
LaFleur Minerals Launches Major Drilling Program at Swanson Gold Project
TLDR
- LaFleur Minerals Inc. gains a strategic edge with its fully funded 5,000-metre drilling program and expanded 18,300-hectare land package at the Swanson Gold Project.
- LaFleur Minerals Inc. has initiated a 5,000-metre diamond drilling program at Swanson, following permit approvals, and confirmed the Beacon Gold Mill's operational readiness with a C$4.1 million restart cost.
- LaFleur Minerals Inc.'s development of the Swanson Gold Project and Beacon Gold Mill contributes to local economies and advances sustainable mining practices in Québec.
- LaFleur Minerals Inc. now controls over 18,300 hectares in Québec, combining a gold project with a permitted mill, showcasing its potential as a leading junior miner.
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 processing capabilities. The initiation of the diamond drilling program and the expansion of the Swanson land package demonstrate the company's growth trajectory and potential to contribute significantly to the gold mining industry in Québec. The Beacon Gold Mill's valuation underscores the asset's value and operational readiness, offering a cost-effective solution for processing gold. This development not only positions LaFleur Minerals as a key player in the region but also opens up opportunities for custom milling operations, benefiting the broader mining community.
Summary
LaFleur Minerals Inc., a gold development company operating in Québec, has initiated a 5,000-metre diamond drilling program at its Swanson Gold Project following the acquisition of necessary permits. This ambitious project is fully funded, showcasing the company's commitment to advancing its gold exploration efforts. In a significant development, LaFleur Minerals has also completed an independent valuation of its Beacon Gold Mill, revealing the facility's excellent condition with restart costs estimated at C$4.1 million, a fraction of its over C$71.5 million replacement value. Furthermore, the company has expanded its Swanson land package to more than 18,300 hectares, reinforcing its position as a junior miner with both a promising gold project and a fully permitted mill in a prime mining district. For more details, visit https://ibn.fm/Y5cBl.
LaFleur Minerals Inc. is dedicated to developing district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Swanson Gold Project, now encompassing approximately 16,600 hectares, is rich in gold and critical metals, with easy road access and a rail line enhancing its development potential. The company's Beacon Gold Mill, capable of processing over 750 tonnes per day, is being considered for processing mineralized material from Swanson and for custom milling operations for nearby projects. For the latest updates on LaFleur Minerals, check out http://ibn.fm/LFLRF.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, LaFleur Minerals Launches Major Drilling Program at Swanson Gold Project
