Investor.News is pleased to announce an upcoming InvestorTalk scheduled for tomorrow, Wednesday, January 29th, at 9 AM EST, featuring Kal Malhi, Chairman of LaFleur Minerals Inc. (CSE: LFLR | OTCQB: LFLRF). To participate in this engaging discussion, please click here
LaFleur Minerals is developing district-scale gold deposits in the Abitibi Gold Belt near Val-d’Or, Québec. The company’s primary focus is on the Swanson Gold Deposit and the fully-permitted Beacon Gold Mill, which can process over 750 tonnes daily. The Swanson site spans over 15,000 hectares and includes prospects previously owned by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur recently expanded its holdings along a key structural break that encompasses the Swanson, Bartec, and Jolin deposits. This strategic expansion enhances the site’s development potential, facilitated by accessible infrastructure and proximity to several gold mills.
In preparation for tomorrow’s InvestorTalk, here are the three most recent news releases from LaFleur Minerals for your review, which are listed below:
- January 27, 2025 – LaFleur Minerals Provides Updates on Exploration at Swanson Gold Deposit and Plans to Restart of Beacon Gold Mill — click here
- January 24, 2025 – LaFleur Minerals Closes First Tranche of Private Placement — click here
- December 20, 2024 – LaFleur Minerals Announces Closing of Non-Brokered Flow-Through Private Placement for Gross Proceeds of $2,832,000 — click here
We found the January 27th news release titled, “LaFleur Minerals Provides Updates on Exploration at Swanson Gold Deposit and Plans to Restart of Beacon Gold Mill” particularly noteworthy and here are 5 key data points from it:
- Resource Estimates at Swanson Gold Deposit: LaFleur Minerals reports an Indicated Mineral Resource at the Swanson Gold Deposit of 2,113,000 tonnes with an average gold grade of 1.8 g/t, totaling 123,400 ounces of contained gold. Additionally, there is an Inferred Mineral Resource of 872,000 tonnes at an average grade of 2.3 g/t gold, which sums up to 64,500 ounces of contained gold.
- Beacon Gold Mill Status and Plans: The Beacon Gold Mill, located within 50 km of the Swanson Deposit, has been fully permitted and underwent approximately $20 million in upgrades between 2021 and 2022. Plans are underway to restart the mill, which has been under full care and maintenance since early 2023 and can process 750 tonnes per day.
- Exploration and Drilling Programs: LaFleur Minerals has completed a high-resolution airborne magnetics and VLF-EM geophysics program over the Swanson Deposit with results pending. The company also plans to undertake up to 10,000 meters of diamond drilling at Swanson in early to mid-2025, aiming to significantly increase the gold resource base.
- Financing for Exploration: The company has completed over $3 million in recent financings, including a $2,832,000 flow-through financing and a non-flow-through financing, to fund their exploration and drilling activities at the Swanson and Beacon Deposits.
- Strategic Plans for 2025: LaFleur Minerals is focusing on aggressive exploration and drilling to expand gold resources and is planning a high-level preliminary mining and economic study for the Swanson and Beacon Deposits. The goal is to quickly advance these deposits to a Pre-Feasibility Study and commence production as soon as possible, while also evaluating other gold deposits within a 50 to 100 km radius of the Beacon Mill for potential processing.
For more information on LaFleur Minerals Inc., click here
For more information on the InvestorTalk pre-market series, go to InvestorTalk.com.
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