LaFleur Minerals Advances Beacon Gold Mill Restart and Swanson Gold Project Development
TL;DR
LaFleur Minerals Inc. is set to gain a competitive edge by restarting production at the Beacon Gold Mill by 2026, leveraging high gold prices and strategic location near rich deposits.
LaFleur Minerals Inc. plans to restart the Beacon Gold Mill by 2026, supported by a Preliminary Economic Assessment and a 5,000-metre drilling program at the Swanson Gold Project.
LaFleur Minerals Inc.'s initiative to restart the Beacon Gold Mill contributes to local economies and advances sustainable mining practices in Québec's Abitibi Gold Belt.
Discover how LaFleur Minerals Inc. is transforming the Abitibi Gold Belt with its Beacon Gold Mill restart and Swanson Gold Project exploration.
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LaFleur Minerals Inc. is advancing plans to restart production at its Beacon Gold Mill in Val-d'Or, Québec, targeting early 2026 operations. This strategic initiative is supported by a Preliminary Economic Assessment and an ongoing 5,000-metre diamond drilling program at the nearby Swanson Gold Project. The Beacon Mill, capable of processing 750 tonnes per day, has received over C$20 million in upgrades and holds full operational permits, establishing it as a significant asset in Quebec's gold-rich mining region.
The Swanson Gold Project represents a cornerstone of LaFleur's development strategy, featuring an NI 43-101 mineral resource of 123,400 ounces indicated and 64,500 ounces inferred. The company is finalizing a bulk sample plan involving up to 100,000 tonnes of material and additional mill enhancements estimated at C$5.6 million. With gold prices currently exceeding $3,300 per ounce, LaFleur is accelerating its production timeline while expanding its resource base through targeted exploration activities.
Located within the prolific Abitibi Gold Belt, the Swanson Gold Project encompasses approximately 16,600 hectares and contains multiple gold-bearing prospects. The property benefits from excellent infrastructure access, including road connections and a rail line traversing the site, providing direct transportation routes to regional gold processing facilities. LaFleur's Beacon Gold Mill, now fully refurbished and permitted, is being positioned not only to process mineralized material from Swanson but also to serve as a custom milling operation for other gold projects in the vicinity.
This comprehensive approach by LaFleur Minerals demonstrates the company's commitment to maximizing asset value in a favorable gold market environment. The integration of the Beacon Gold Mill restart with Swanson Gold Project development creates a synergistic operation that could deliver sustained long-term value through both proprietary mining and potential third-party processing contracts.
Curated from InvestorBrandNetwork (IBN)
