LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is ramping up expectations for its gold exploration and processing operation in Quebec, working to restart its wholly-owned mill while completing a Preliminary Economic Assessment (PEA) of drilling work across its 18,304-hectare (45,230-acre) project. The company anticipates wrapping up the comprehensive PEA for its drilling project in the Abitibi Greenstone Belt by the end of October, moving its gold exploration forward even as it prepares to restart production at its gold mill for near-term revenues.
The company’s Swanson Gold Deposit site is part of the Abitibi Greenstone Belt, a globally renowned gold district. LaFleur anticipates its Beacon Gold Mill will deliver near-term revenues from processing custom raw ore projects for neighboring gold claims, while also being available for production of its own gold product once exploration gets fully under way.
LaFleur Minerals has drilled 24 holes to date on its gold deposit project and has reported enthusiasm for initial near-surface assays that demonstrate strong potential for expanding shallow, open-pit mineral resources at the site. Six of the holes have been assayed, exhibiting high-grade, near-surface intercepts that show strong potential. The company expects the PEA to provide a clearer picture of the project's economic viability.
In addition, LaFleur Minerals has announced listing on Tradegate, bolstering its international visibility and exposure to European markets. This listing is expected to attract a broader investor base and enhance liquidity for the company’s shares.
All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, considered a Qualified Person for the purposes of NI 43-101. For more information, visit the company’s newsroom at https://ibn.fm/LFLRF.
