LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has provided an update on ramp-up activities at the Beacon Gold Mill and Swanson Gold Deposit in Québec’s Abitibi Gold Belt. The company is completing mill maintenance, planning drilling near the historic Beacon Mine, and preparing logistics to restart production with mineralized material from Swanson, supported by an independent evaluation confirming restart readiness within a $5 million budget and highlighting replacement costs exceeding C$71.5 million.
At Swanson, 24 drill holes totaling 5,283 metres have been completed, with initial assays from six holes returning high-grade, near-surface intercepts and step-out extensions that reinforce the scale, continuity, and open-pit potential of the deposit. The company is also finalizing a comprehensive Preliminary Economic Assessment (PEA) due by October 2025.
The Beacon Gold Mill, fully permitted and refurbished, is 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. LaFleur’s strategy to restart the mill using material from Swanson could provide a low-capital pathway to production, leveraging the mill’s existing infrastructure.
“We are very pleased with the progress at both the mill and Swanson,” said a company spokesperson. “The high-grade results from the initial drill holes demonstrate the potential of the deposit, and the mill restart is on track to begin production later this year.”
For more details, the full press release is available at https://ibn.fm/NtLIe.
