LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is gearing up to restart gold production at its wholly owned Beacon Gold Mill, with plans to source mineralized material from its nearby Swanson Gold Deposit and potentially from other area miners. The company is completing upgrades and refurbishments to the mill, which has a nameplate capacity of 750 tonnes per day, but is targeting at least 1,000 tonnes per day through enhancements. The mill is expected to be operational in the next quarter, according to CEO Paul Ténière during a February 10 webinar broadcast by Red Cloud Securities (webinar link).
The Swanson Gold Project, located in Quebec's renowned Abitibi Greenstone Belt, comprises 445 mineral claims and one mining lease spanning over 18,000 hectares. The project hosts multiple gold targets, with the primary Swanson Gold Deposit being the focus for initial feedstock. The Abitibi Belt has historically produced over 300 million ounces of gold, underscoring the region's significance (source).
LaFleur anticipates the imminent completion of its Preliminary Economic Assessment (PEA), which will guide its pending gold production strategy. The company's strategic aims include leveraging the mill to process not only its own material but also potentially from nearby miners, creating a hub-and-spoke model. CEO Paul Ténière highlighted the mill's capability to handle increased throughput after upgrades, positioning the company for near-term production.
The company's progress is significant as it transitions from explorer to producer, with the Swanson Gold Deposit providing a clear pathway to cash flow. The PEA is expected to outline economic viability and production timelines. LaFleur's assets in the Abitibi Belt, a world-class gold region, add credibility to its plans. The company is listed on the Canadian Securities Exchange under LFLR and on the OTCQB under LFLRF.
