LaFleur Minerals Advances Beacon Gold Mill Restart with High-Grade Swanson Deposit Results
LaFleur Minerals is progressing toward restarting its Beacon Gold Mill in Québec's Abitibi Gold Belt, supported by high-grade drilling results from the Swanson Deposit and an independent evaluation confirming operational readiness within a $5 million budget.
LaFleur Minerals Inc. has provided a significant update on its ramp-up activities at the Beacon Gold Mill and Swanson Gold Deposit located in Québec's prolific Abitibi Gold Belt. The company is currently completing mill maintenance, planning drilling near the historic Beacon Mine, and preparing logistics to restart production using mineralized material from the Swanson Deposit. This development is supported by an independent evaluation that confirms restart readiness within a $5 million budget while highlighting replacement costs exceeding C$71.5 million.
The company is also finalizing a comprehensive preliminary economic assessment due by October 2025, which will provide critical data for investors and stakeholders. At the Swanson Deposit, 24 drill holes totaling 5,283 metres have been completed, with initial assays from six holes returning high-grade, near-surface intercepts. These results include step-out extensions that reinforce the scale, continuity, and open-pit potential of the deposit, suggesting substantial mineral resources that could support long-term mining operations.
The Beacon Gold Mill represents a strategic asset for LaFleur Minerals, being fully permitted and refurbished with capacity to process over 750 tonnes per day. The mill's location provides direct access to several nearby gold projects, positioning the company for potential custom milling operations in addition to processing material from its own Swanson Gold Project. The Swanson Gold Project encompasses approximately 18,304 hectares along a major structural break that hosts multiple gold deposits and showings, previously held by established mining companies including Monarch Mining, Abcourt Mines, and Globex Mining.
Investors can access additional information through the company's newsroom at http://ibn.fm/LFLRF. The full press release detailing these developments is available at https://ibn.fm/NtLIe. The advancement of these projects demonstrates LaFleur Minerals' progress in developing district-scale gold assets in one of Canada's most productive mining regions, with implications for regional economic development and the global gold supply chain.