FAQ: LaFleur Minerals PEA Study for Gold Production Restart in Abitibi
Summary
LaFleur Minerals has hired ERM to conduct a Preliminary Economic Assessment to support restarting gold production at its Beacon Gold Mill using mineralized material from the nearby Swanson Gold Deposit, positioning the company as a near-term gold producer with a vertically integrated operation in Canada's largest gold-producing district.
What is the main purpose of the Preliminary Economic Assessment (PEA) being conducted for LaFleur Minerals?
The PEA is being conducted to provide technical expertise and support for restarting gold production at LaFleur’s fully permitted Beacon Gold Mill using mineralized material from the nearby Swanson Gold Deposit.
Who is conducting the Preliminary Economic Assessment for LaFleur Minerals?
Global environmental consultant firm Environmental Resources Management (ERM) has been hired to provide the PEA and technical expertise for the project.
Where is LaFleur Minerals’ gold operation located?
The operation is located in the Abitibi Greenstone Belt in Quebec, Canada, specifically with the Beacon Gold Mill and the Swanson Gold Deposit situated only 60 km apart in Canada’s largest gold-producing district.
What makes LaFleur Minerals’ operation vertically integrated?
LaFleur wholly-owns the Beacon Gold Mill, a nearby exploration operation, and a fully permitted tailings storage facility, providing the foundation for a complete mining-to-processing operation.
When is gold production expected to begin?
Gold production is anticipated to launch early next year, according to the company’s timeline mentioned in the content.
What recent developments support the restart of operations?
LaFleur has completed a fully subscribed equity offering and has other planned financing opportunities that will deliver the capital needed for the expected launch of gold production.
What exploration work has already been conducted at the Swanson site?
LaFleur has already begun diamond drilling on the 18,304-hectare Swanson site, with assays showing high-grade, near-surface intercepts, and ’twinning’ definition drilling is expected to provide confident updated mineral resource confirmation.
What are the key advantages of LaFleur’s location in the Abitibi Greenstone Belt?
The Abitibi Greenstone Belt is Canada’s largest gold-producing district, providing established infrastructure and proven gold potential, which underscores the strong potential of LaFleur’s Quebec operation.
Where can investors find the latest news and updates about LaFleur Minerals?
The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF.
Who has reviewed and approved the scientific and technical information in this announcement?
All scientific and technical information has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, who is considered a Qualified Person for the purposes of NI 43-101.
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