FAQ on LaFleur Minerals Inc.'s Drilling Program and Strategic Mill Valuation

What is the significance of LaFleur Minerals Inc.’s drilling program at the Swanson Gold Project?

The 5,000-metre diamond drilling program signifies LaFleur Minerals Inc.’s commitment to advancing its Swanson Gold Project, aiming to explore and potentially expand its gold and critical metals resources.

How does the Beacon Gold Mill valuation impact LaFleur Minerals Inc.?

The independent valuation confirms the Beacon Gold Mill is in excellent condition with restart costs significantly lower than replacement value, enhancing LaFleur’s asset portfolio and operational readiness.

Where is the Swanson Gold Project located?

The Swanson Gold Project is located in the Abitibi Gold Belt near Val-d’Or, Québec, covering over 18,300 hectares with easy road access and a rail line through the property.

What makes LaFleur Minerals Inc. uniquely positioned in the mining sector?

LaFleur Minerals Inc. is uniquely positioned due to its ownership of both a promising gold project and a fully permitted, refurbished mill in a major mining district, offering significant development and processing capabilities.

What are the capabilities of the Beacon Gold Mill?

The Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from the Swanson Gold Project and for custom milling operations for nearby projects.

How can investors stay updated on LaFleur Minerals Inc.’s developments?

Investors can stay updated by visiting the company’s newsroom at http://ibn.fm/LFLRF for the latest news and updates.

What is the size of the Swanson Gold Project?

The Swanson Gold Project is approximately 16,600 hectares (166 km2) in size, recently expanded to over 18,300 hectares, making it a significant land package in the Abitibi Gold Belt.

What is the estimated restart cost versus replacement value of the Beacon Gold Mill?

The restart cost of the Beacon Gold Mill is estimated at C$4.1 million, compared to a replacement value of over C$71.5 million, highlighting its strategic value to LaFleur Minerals Inc.