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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 with scalable production up to 4,000 tonnes per day.
LaFleur Minerals completed verification drilling, metallurgical studies, and tailings facility evaluation to support its Preliminary Economic Assessment for restarting the 750-tonne-per-day Beacon Gold Mill.
LaFleur Minerals' disciplined restart of gold production in Québec creates local economic opportunities while advancing sustainable mining practices through infrastructure planning and rail efficiency discussions.
LaFleur Minerals consolidated an 18,304-hectare land package along a major structural break in Québec's Abitibi Gold Belt, hosting multiple gold deposits near its Beacon mill.
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The announcement covers 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).
This progress supports a disciplined, capital-efficient restart of gold production at a time when gold prices are well above levels seen during the mill's last operation in 2022, potentially delivering long-term value.
Progress includes completed verification drilling to support the PEA, ongoing metallurgical and mill optimization studies, and evaluation of permitted tailings facility expansion.
The company plans to restart the 750-tonne-per-day mill, which is scalable under the PEA to 1,000 tpd and potentially 3,000–4,000 tpd longer term, leveraging feed from the nearby Swanson Gold Project.
LaFleur recently completed $7.8 million financing to fully fund the mill restart, continued metallurgical testing and infrastructure planning.
The Swanson Gold Project and Beacon Gold Mill are located in the Abitibi Gold Belt near Val-d'Or, Québec, with the Swanson project covering approximately 18,304 hectares (183 km²).
The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, and LaFleur is having preliminary discussions with Canadian National Railway on rail enhancements to support long-term production and logistics efficiencies.
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 and for custom milling operations for other nearby gold projects.
The Swanson Gold Project includes several prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining, which LaFleur has recently consolidated into a large land package.
The latest news and updates relating to LFLRF are available in the company's newsroom at http://ibn.fm/LFLRF, and the full press release can be viewed at https://ibn.fm/IDZeM.
Curated from InvestorBrandNetwork (IBN)
