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FAQ: LaFleur Minerals' Swanson Deposit and Beacon Gold Mill Progress Toward PEA Completion
TL;DR
LaFleur Minerals' $7.8 million financing and mill restart plans position investors to capitalize on high gold prices through scalable production up to 4,000 tonnes per day.
LaFleur Minerals completed verification drilling, metallurgical studies, and tailings expansion evaluation to support a disciplined Preliminary Economic Assessment for restarting its 750-tonne-per-day Beacon Gold Mill.
LaFleur Minerals' efficient gold production restart in Québec supports local economic development while responsibly managing resources through permitted infrastructure and environmental planning.
LaFleur Minerals is leveraging its 18,304-hectare Swanson Gold Project and nearby railway discussions to potentially triple mill capacity in Québec's historic Abitibi Gold Belt.
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The article reports on LaFleur Minerals' technical and infrastructure advancements at its Swanson Gold Deposit and Beacon Gold Mill in Québec as it enters the final stages of its Preliminary Economic Assessment (PEA), aiming for a disciplined, capital-efficient restart of gold production.
This development is significant because it positions the company to restart gold production efficiently, with gold prices currently well above levels from 2022 when the Beacon Mill last operated, and it leverages a $7.8 million financing to fund the mill restart and related activities.
Progress includes completed verification drilling to support the PEA, ongoing metallurgical and mill optimization studies, evaluation of permitted tailings facility expansion, and preliminary discussions with Canadian National Railway on rail enhancements for long-term logistics efficiencies.
LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) is the company advancing the project, with involvement from entities like Canadian National Railway for rail discussions, and the Swanson Gold Project includes prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining.
The company is currently in the final stages of its Preliminary Economic Assessment, with recent progress including verification drilling and financing, aiming toward restarting production, though no specific completion dates are provided in the content.
They are located in the Abitibi Gold Belt near Val-d'Or, Québec, with the Swanson Gold Project covering approximately 18,304 hectares (183 km²) and being easily accessible by road to nearby gold mills.
Scaling the mill from 750 tonnes per day (current capacity) to 1,000 tpd under the PEA and potentially 3,000–4,000 tpd longer term could enhance production efficiency and support processing mineralized material from Swanson and custom milling for other nearby projects.
The Beacon Gold Mill last operated in 2022, and current advancements aim to restart it with improved efficiency and scalability, supported by higher gold prices and recent financing, making it more viable for long-term production.
Investors should know that LaFleur has completed a $7.8 million financing to fully fund the mill restart, is advancing metallurgical testing and infrastructure planning, and is consolidating a large land package in Québec with significant gold potential, all detailed in their newsroom at https://ibn.fm/dEHHy.
For more information, refer to the company's newsroom at https://ibn.fm/dEHHy for the latest updates, or view the full press release at https://ibn.fm/uOWtZ, as provided in the content.
Curated from InvestorBrandNetwork (IBN)
