Curated News
By: NewsRamp Editorial Staff
May 05, 2026

LaFleur Minerals Reports Massive Gold Discovery at Swanson Project

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Original Source

TLDR

  • LaFleur Minerals' Swanson gold discovery expands high-grade zones, positioning for production scale-up to 1250 TPD by 2027.
  • Drill holes SW-25-080 to 081 at Swanson confirmed continuous gold mineralization over 255m, extending below the March MRE limits.
  • LaFleur's gold project near Val d'Or, Quebec supports local mining jobs and economic growth in the Abitibi Greenstone Belt.
  • Swanson drill results include 1.18 g/t Au over 255 meters, a thickness comparable to a football field in length.

Impact - Why it Matters

This discovery matters because it validates LaFleur's strategy of expanding its resource base while advancing toward production. The continuous gold mineralization over hundreds of meters suggests a potentially district-scale system, which could lead to a substantial increase in the company's resource estimate and long-term production capacity. For investors, this reduces geological risk and strengthens the investment thesis for LaFleur as a near-term gold producer with a clear path to cash flow, supported by the Beacon Mill and Trafigura financing. The news also highlights the ongoing potential of the Abitibi Gold Belt, one of the world's most prolific gold regions, which continues to deliver significant discoveries.

Summary

Near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has announced a significant large-scale gold discovery at its Swanson Gold Project within the prolific Abitibi Gold Belt in Quebec, Canada. The company reported that recent drill results have substantially expanded the mineralization zones beyond the limits defined in its March 2025 mineral resource estimate (MRE). Key intercepts include 1.18 g/t Au over 255.04 metres in hole SW-25-080, 1.65 g/t Au over 136.01 metres in SW-25-081, and 2.29 g/t Au over 68.30 metres in SW-25-079, confirming broad, continuous gold mineralization at vertical depths of 300–450 metres and extending well beyond the current resource envelope. This discovery builds on LaFleur's March MRE, which already showed a 30% increase in indicated gold ounces to 160,300 ounces at 1.69 g/t Au, demonstrating the project's growing potential.

LaFleur also owns the nearby Beacon Gold Mill, which is preparing to resume operations later this quarter. The company plans to process on-site stockpile material and mineralized material from Swanson, initially at 750 metric tons per day (TPD), with a target to scale to 1,250 TPD by 2027 and eventually to 3,000–4,000 TPD. This ramp-up is supported by financing and offtake terms from global commodity trader Trafigura. Both the Swanson project and Beacon Mill are located near Val d'Or, Quebec, a well-established mining hub with access to skilled labor and infrastructure, further enhancing the project's viability. The company's exploration manager and technical advisor, Louis Martin, P.Geo., has reviewed and approved the technical information as a Qualified Person under NI 43-101.

For investors, the latest updates and news relating to LFLRF are available in the company's newsroom at https://ibn.fm/LFLRF. This discovery underscores LaFleur's transition from explorer to near-term producer, leveraging its integrated mine-mill model to unlock value in the Abitibi Greenstone Belt. The results point toward a district-scale gold system that could significantly enhance the company's resource base and production profile.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, LaFleur Minerals Reports Massive Gold Discovery at Swanson Project

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