LaFleur Minerals Advances Beacon Gold Mill Restart and Swanson Gold Project Development

TL;DR

LaFleur Minerals Inc. is set to gain a competitive edge by restarting production at the Beacon Gold Mill by 2026, leveraging high gold prices and strategic location near rich deposits.

LaFleur Minerals Inc. plans to restart the Beacon Gold Mill by 2026, supported by a Preliminary Economic Assessment and a 5,000-metre drilling program at the Swanson Gold Project.

LaFleur Minerals Inc.'s initiative to restart the Beacon Gold Mill contributes to local economies and advances sustainable mining practices in Québec's Abitibi Gold Belt.

Discover how LaFleur Minerals Inc. is transforming the Abitibi Gold Belt with its Beacon Gold Mill restart and Swanson Gold Project exploration.

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LaFleur Minerals Advances Beacon Gold Mill Restart and Swanson Gold Project Development

LaFleur Minerals Inc. is making significant progress toward restarting production at its Beacon Gold Mill in Val-d'Or, Québec, targeting early 2026 for operations to commence. This strategic initiative is supported by a comprehensive Preliminary Economic Assessment and an ongoing 5,000-metre diamond drilling program at the nearby Swanson Gold Project. The Beacon Mill, a facility capable of processing 750 tonnes per day, has received over C$20 million in upgrades and holds full operational permits, establishing it as a critical asset in the gold-rich region of Québec.

The Swanson Gold Project serves as the cornerstone of LaFleur's development strategy, featuring an NI 43-101 mineral resource of 123,400 ounces indicated and 64,500 ounces inferred. The company is currently finalizing a bulk sample plan that could involve up to 100,000 tonnes of material, complemented by additional mill enhancements estimated at C$5.6 million. With gold prices currently trading above $3,200 per ounce, LaFleur is positioned to accelerate its production timeline while simultaneously expanding its resource base through targeted exploration activities.

Located within the prolific Abitibi Gold Belt, the Swanson Gold Project encompasses approximately 16,600 hectares and contains multiple gold-rich prospects. The project benefits from excellent infrastructure, including road access and a rail line that traverses the property, providing direct connectivity to nearby gold processing facilities. LaFleur's Beacon Gold Mill, now fully refurbished and permitted, is being considered not only for processing mineralized material from the Swanson Project but also for potential custom milling operations serving other gold projects in the vicinity.

This comprehensive development approach by LaFleur Minerals Inc. demonstrates the company's commitment to maximizing asset value in a favorable gold market environment. The simultaneous advancement of both the Beacon Gold Mill restart and Swanson Gold Project development creates multiple pathways for value creation, from direct gold production to potential third-party milling revenue. The company's strategic positioning in one of Canada's most established gold districts, combined with existing infrastructure and permitted facilities, provides significant advantages in bringing production online efficiently while minimizing development risks.

The combination of a fully permitted processing facility, substantial mineral resources, and strong gold market fundamentals creates a compelling opportunity for LaFleur Minerals to establish itself as a near-term gold producer in Québec. The company's focused approach to both project development and infrastructure utilization represents a comprehensive strategy for delivering long-term shareholder value through multiple revenue streams and operational efficiencies in one of North America's most productive gold regions.

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