LaFleur Minerals Inc. has initiated a fully funded, 5,000-metre diamond drilling campaign at its Swanson Gold Project in Quebec, marking a pivotal step in the company's exploration efforts. This drilling program follows the successful acquisition of all necessary permits, including Forestry Intervention and Authorization to Intervene, ensuring full compliance with environmental and regulatory standards. The campaign targets priority areas within the Swanson Gold Deposit along with other promising zones identified as Bartec, Jolin, and Marimac.
The selection of these specific zones resulted from comprehensive geological and geophysical studies that incorporated magnetic surveys, induced polarization, and detailed soil geochemistry analysis. This systematic approach demonstrates the company's commitment to thorough exploration methodology and underscores the potential for discovering additional gold mineralization within the prolific Abitibi region. The Abitibi region has long been recognized as one of Canada's most significant gold-producing areas, making this drilling campaign particularly important for regional development.
In a related development that significantly enhances the project's economic prospects, an independent valuation has established the replacement cost of the Beacon Gold Mill at over C$71.5 million, with rehabilitation and commissioning costs estimated at approximately C$4.1 million. This valuation provides LaFleur Minerals with a cost-effective pathway to near-term production capability, substantially improving the project's overall economic viability. The presence of existing infrastructure at this scale represents a considerable advantage in the current mining environment where capital costs for new facilities continue to escalate.
The company has further strengthened its regional position by expanding its land package to over 18,300 hectares, solidifying its presence in the area and highlighting the district-scale potential of its assets. This expanded land position, combined with the ongoing drilling campaign and valuable mill infrastructure, positions LaFleur Minerals for significant advancement in the Quebec mining sector. For additional information about the company's progress and exploration activities, visit https://ibn.fm/KGilj.
The simultaneous progress in exploration drilling and infrastructure valuation represents a comprehensive advancement strategy for LaFleur Minerals. These developments not only move the company closer to its production objectives but also contribute to the broader economic development of Quebec's mining sector. The combination of systematic exploration, valuable existing infrastructure, and strategic land acquisition creates a compelling foundation for future growth and resource development in this historically significant mining region.
