LaFleur Minerals Inc. has announced the start of 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 initiative comes after securing all necessary drilling permits, including Forestry Intervention and Authorization to Intervene, ensuring compliance with environmental and regulatory standards. The drilling program targets priority areas within the Swanson Gold Deposit and other promising zones such as Bartec, Jolin, and Marimac.
These zones were identified through comprehensive geological and geophysical studies, including magnetic surveys, induced polarization (IP), and soil geochemistry analysis. The company's approach underscores its commitment to uncovering additional gold mineralization potential in the prolific Abitibi region. In a related development, an independent valuation has placed the replacement cost of the Beacon Gold Mill at over C$71.5 million, with rehabilitation and commissioning estimated at C$4.1 million. This valuation presents LaFleur Minerals with a cost-effective pathway to near-term production, enhancing the project's economic viability.
The company has also expanded its land package to over 18,300 hectares, further solidifying its position in the region and highlighting the district-scale potential of its assets. The initiation of diamond drilling at the Swanson Project, coupled with the finalized valuation of the Beacon Gold Mill, represents a significant milestone for LaFleur Minerals. These developments not only advance the company's exploration and production objectives but also contribute to the broader mining sector's growth in Quebec. For more details on the drilling campaign and the company's progress, visit https://ibn.fm/KGilj.
