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FAQ: LaFleur Minerals' Flow-Through Private Placement and Gold Production Plans
TL;DR
LaFleur Minerals secured $1.66 million funding to advance gold production at Swanson Project, positioning early investors for potential returns as operations scale up.
LaFleur Minerals will use flow-through funding for PEA work and drilling at Swanson Gold Project, with milling operations restart planned by early next year.
LaFleur's gold production development creates economic opportunities in Québec while responsibly advancing mineral extraction through systematic exploration and environmental planning.
LaFleur Minerals discovered multiple mineralized zones at Swanson Gold Project, revealing promising near-surface gold deposits in Québec's prolific Abitibi Gold Belt.
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LaFleur Minerals closed a flow-through private placement offering for $1.66 million to fund exploration and PEA-related work at its Swanson Gold Project, as well as ore sorting and metallurgical test work for restarting its Beacon Gold Mill.
The Swanson Gold Project is located in the Abitibi Gold Belt of Québec, which is a significant gold-producing region.
The Swanson Gold Project is LaFleur's flagship, advanced stage, district-scale exploration property with over 36,000 metres of historic drilling and numerous gold-bearing regional structures, serving as the company's primary focus for near-term gold production.
The company plans to restart milling operations at the Beacon Gold Mill by early next year.
Initial test drilling has shown multiple mineralized zones and favorable conditions for a near-surface, open-pit operation at the Swanson Gold Project.
The project intends to serve as gold bulk sample extraction from planned open-pit mining efforts, with assayed results supporting a near-surface, open-pit operation.
LaFleur Minerals trades on the Canadian Securities Exchange under symbol LFLR and on the OTCQB market under symbol LFLRF.
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.
The latest news and updates relating to LFLRF are available in the company's newsroom at https://ibn.fm/LFLRF
LaFleur Minerals is described as a gold explorer and near-term producer focused on developing gold production operations in the Abitibi Gold Belt region.
Curated from InvestorBrandNetwork (IBN)
