FAQ: LaFleur Minerals Engages ERM for Beacon Gold Mill PEA and Swanson Gold Project Development
Summary
LaFleur Minerals has engaged Environmental Resources Management (ERM) to complete a Preliminary Economic Assessment supporting the planned restart of its Beacon Gold Mill using mineralized material primarily from the Swanson Gold Deposit. This assessment will update mineral resource estimates, mine plans, and cost estimates following encouraging drilling results that indicate continuity and expansion potential.
What is the main announcement from LaFleur Minerals?
LaFleur Minerals has engaged Environmental Resources Management (ERM) to complete a Preliminary Economic Assessment (PEA) supporting the planned restart of its 100%-owned Beacon Gold Mill, using mineralized material primarily from the Company’s Swanson Gold Deposit.
Why is LaFleur Minerals conducting this Preliminary Economic Assessment?
The PEA follows encouraging drilling results at the Swanson Gold Deposit that indicate continuity and expansion potential within the mineralized system, and will provide updated cost estimates for the Beacon Mill restart.
What specific components will the PEA study include?
The study will update the mineral resource estimate, mine plan, and metallurgical testing programs while providing cost estimates for the Beacon Gold Mill restart.
Where is the Swanson Gold Project located and what are its key features?
The Swanson Gold Project is located in the Abitibi Gold Belt near Val-d’Or, Québec, covering approximately 18,304 hectares and including several prospects rich in gold and critical metals, with easy road access to several nearby gold mills.
What is the capacity and status of the Beacon Gold Mill?
The Beacon Gold Mill is fully-permitted and refurbished, capable of processing over 750 tonnes per day, and is being considered for processing mineralized material from Swanson as well as for custom milling operations for other nearby gold projects.
Who is conducting the Preliminary Economic Assessment?
Environmental Resources Management’s (ERM) Technical Mining Services Group in Toronto will oversee the PEA study.
What is LaFleur Minerals’ overall mission and focus?
LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec, with a specific focus on advancing the resource-stage Swanson Gold Project and the Beacon Gold Mill.
Where can investors find more information and updates about LaFleur Minerals?
The latest news and updates relating to LFLRF are available in the company’s newsroom at http://ibn.fm/LFLRF
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