LaFleur Minerals Inc. has announced the commencement of a fully funded, 5,000-metre diamond drilling campaign at its Swanson Gold Project in Quebec, marking a pivotal step in the company's exploration efforts. This initiative follows the successful acquisition of all necessary drilling permits, including Forestry Intervention and Authorization to Intervene, ensuring full compliance with environmental and regulatory standards. The drilling program will focus on priority areas within the Swanson Gold Deposit and other promising zones including Bartec, Jolin, and Marimac, which were identified through comprehensive geological and geophysical studies incorporating magnetic surveys, induced polarization, and soil geochemistry analysis.
The company's systematic approach underscores its commitment to uncovering additional gold mineralization potential in the prolific Abitibi region, known for its rich mining history and significant gold deposits. In a related development that enhances the project's economic viability, an independent valuation has placed the replacement cost of the Beacon Gold Mill at over C$71.5 million, with rehabilitation and commissioning estimated at C$4.1 million. This valuation presents LaFleur Minerals with a cost-effective pathway to near-term production, potentially accelerating the timeline from exploration to operational mining activities.
Concurrently, the company has expanded its land package to over 18,300 hectares, further solidifying its position in the region and highlighting the district-scale potential of its assets. The combination of the drilling campaign initiation and the finalized mill valuation represents a significant milestone for LaFleur Minerals, advancing both exploration and production objectives while contributing to the broader mining sector's growth in Quebec. For additional information about the drilling campaign and company progress, visit https://ibn.fm/KGilj.
