Business
LaFleur Minerals Provides Updates on Exploration at Swanson Gold Deposit and Plans to Restart of Beacon Gold Mill
VANCOUVER, B.C. – TheNewswire - January 27, 2025 - LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF) (“LaFleur Minerals” or the “Company”) is pleased to provide a
About this update from Lafleur Minerals Inc.
[{"type":"text","content":"VANCOUVER, B.C. – TheNewswire - January 27, 2025 - LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF) (“LaFleur Minerals” or the “Company”) is pleased to provide an update on its 2025 exploration and development plans for its 100%-owned Swanson Gold Deposit (“Swanson”) and Beacon Gold Mill (“Beacon”) located near Val-d’Or, Québec in the Abitibi Gold Belt (Figure 1). SWANSON GOLD DEPOSIT AND FULLY PERMITTED BEACON GOLD MILL, VAL-D’OR, QUEBEC, CANADA The 100% Company owned Swanson Gold Deposit hosts an Indicated Mineral Resource of 2,113,000 t with an average grade of 1.8 g/t gold for 123,400 oz of contained gold and Inferred Mineral Resource Estimate of 872,000 t with an average grade of 2.3 g/t gold for 64,500 oz of contained gold (source: NI 43-101 technical report with an effective date of September 17, 2024 and filed on the Company’s SEDAR+ profile). Swanson Gold Deposit is located within 50 km of the Company’s Beacon Gold Mill, which is fully permitted and underwent approximately $20,000,000 in upgrades from 2021-2022 by its previous owner. The Beacon Mill is currently being evaluated for processing mineralized material from the Swanson Gold Deposit as part of a high-level preliminary mining and economic study. The Company recently completed a very high-resolution airborne magnetics and VLF-EM geophysics program over the entire Swanson Gold Deposit and the final processed results from Novatem Inc. are currently being interpreted. The airborne geophysics results will be disclosed once final interpretations are complete. An oriented soil geochemistry and prospecting program was also completed by IOS Géosciences (IOS) with final assay results still pending from the laboratory. An Induced Polarization (IP) - Resistivity ground geophysics survey totalling 166 line-km will be completed from January to February 2025 at approximately 200 m line spacings and cover the Swanson, Bartec, and Jolin deposits, which are all advanced gold targets with current and historical mineral resources. OVER $3M IN FINANCINGS RECENTLY COMPLETED The Company recently closed a $2,832,000 flow-through (FT) financing and the first tranche of a non-FT financing with gross proceeds of $175,019.70 and these funds will be spent on exploration and drilling programs at its Swanson and Beacon Deposits. The Company plans to complete the following exploration and deve...