FAQ on LaFleur Minerals Inc.'s Strategic Shift to Gold Production Amid Rising Prices

What is LaFleur Minerals Inc. focusing on?

LaFleur Minerals Inc. is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec, with a particular emphasis on advancing its resource-stage Swanson Gold Project and the Beacon Gold Mill.

Why is LaFleur Minerals Inc. shifting towards near-term gold production?

The shift is in response to surging gold prices, which have surpassed $3,300 per ounce, driven by inflation and currency concerns, making it an opportune time to capitalize on its advanced projects and strong regional positioning.

Where is LaFleur Minerals Inc.’s Swanson Gold Project located?

The Swanson Gold Project is located in the Abitibi Gold Belt near Val-d’Or, Québec, covering approximately 16,600 hectares and includes several gold and critical metal-rich prospects.

What makes the Swanson Gold Project significant?

The project is significant due to its large land package along a major structural break hosting multiple gold deposits and showings, easy road access, and a rail line that enhances its development potential.

How does the Beacon Gold Mill contribute to LaFleur Minerals Inc.’s strategy?

The fully-refurbished and permitted Beacon Gold Mill, capable of processing over 750 tonnes per day, is being considered for processing mineralized material at Swanson and for custom milling operations for nearby gold projects, supporting the company’s production goals.

Who can investors contact for more information about LaFleur Minerals Inc.?

Investors can find the latest news and updates relating to LaFleur Minerals Inc. (LFLRF) in the company’s newsroom at http://ibn.fm/LFLRF.

What is the significance of gold prices surpassing $3,300 per ounce?

The surge in gold prices reflects growing investor interest in gold as a hedge against inflation and currency concerns, prompting junior miners like LaFleur Minerals to fast-track production efforts.

How does LaFleur Minerals Inc. plan to capitalize on the current gold market?

By fast-tracking efforts to advance its Swanson Gold Project and utilizing the Beacon Gold Mill for processing, LaFleur aims to leverage its strategic assets and the favorable gold price environment to deliver long-term value.