LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced the commencement of a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project, following the receipt of necessary permits. This development underscores the company’s commitment to advancing its gold exploration efforts in Québec. The drilling program is a critical step in assessing the project’s potential and moving closer to production.

In addition to the drilling program, LaFleur Minerals has completed an independent valuation of its Beacon Gold Mill, revealing that the facility is in excellent condition. The estimated restart cost of C$4.1 million contrasts sharply with the replacement value of over C$71.5 million, highlighting the mill’s strategic value to the company. This asset positions LaFleur as a uniquely equipped junior miner with both a promising gold project and a fully permitted mill in a major mining district.

The company has also expanded its Swanson land package to more than 18,300 hectares, further solidifying its presence in the region. This expansion, coupled with the strategic assets of the Beacon Gold Mill, enhances LaFleur’s potential to deliver long-term value to its stakeholders. The Swanson Gold Project, accessible by road and with a rail line running through the property, offers significant development potential, further bolstered by the proximity to several nearby gold mills.

LaFleur Minerals’ efforts in Québec’s Abitibi Gold Belt are a testament to its focus on developing district-scale gold projects. The company’s recent achievements, including the launch of the drilling program and the valuation of the Beacon Gold Mill, are pivotal in its mission to advance mining projects with significant potential. These developments not only mark important milestones for LaFleur but also contribute to the broader mining sector’s growth in the region.

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