Say AU: LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) – True Junior Gold Producer with Near-Term Gold Production Strategy
Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
Lafleur Minerals: Fully permitted Beacon Gold Mill and tailings pond, nearby Swanson Gold Deposit, make Lafleur a near-term gold producer in the Abitibi Gold Belt, ValDor, Canada.
The Val-d’Or mining camp sits in the heart of the prolific Abitibi Greenstone Belt, one of the richest gold-producing regions in the world.
Abitibi Gold Belt junior miner LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is about to move from Beacon Gold Mill recommissioning stage to gold production at its fully permitted and refurbished Beacon Gold Mill, drawing on mineralized material that sits on site from last operations in 2022.
LaFleur Minerals’ Swanson Gold deposit which sits nearby covers 490 claims across approximately 23,101 hectares, and the company’s independent NI 43-101 technical report on March 27 incorporates recent confirmation drilling to demonstrate the potential for a scalable, capital-efficient restart of gold production.
Holding mining claims in Canada’s Abitibi Greenbelt, the largest gold-producing region in the country, is a promising start for a junior miner, but near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has moved well beyond that point, amassing key assets and putting a clear strategy in play as it prepares to start gold production later this year.
LaFleur is progressing through a refurbishing project that will leave its Beacon Gold Mill in position to process stockpiled material on site and from the nearby Swanson Gold Deposit at a rate of 750 tonnes per day (“TPD”), before increasing output by the end of the first year of operation to a 1,250 TPD target.
Key Takeaways
- The Beacon Gold Mill was operational only just a couple of years ago, when it was shuttered by a bankrupt former owner; planned refurbishing upgrades were 94% complete as of the company’s last statement on the work July 1
- When the upgrades are finished later this year, LaFleur will be able to start production immediately — drawing on an existing 10,000 to 20,000 metric tons of feedstock from the company’s Swanson Gold Deposit
- LaFleur is in discussions to raise up to C$30 million in a prepayment financing facility that is accompanied by a gold doré off-take agreement with Trafigura Canada Limited, the world’s largest private metal trader. The transaction is in late due diligence stage
- LaFleur has completed and filed its independent Preliminary Economic Assessment (“PEA”) that includes an all-in sustaining cost of just under $1,600 an ounce and a base case of $2,750/ounce gold price during a season when fluctuating spot gold prices have maintained levels well over $4,000 even amid a period of correction, touching $5,500 in January
490 Claims and Counting
Swanson Gold Deposit/Mckenzie Mineral Claims- Abitibi Gold Belt
LaFleur has expanded its acquisitions within the Abitibi Gold Belt during the past year from approximately 18,304 hectares (45,230 acres) in its original Swanson Gold Project to add 46 mineral claims across 1,781.18 hectares in the McKenzie East Gold Project and 27 mineral claims covering approximately 701.7 hectares in the Val-d’Or-Senneterre corridor.
“Consolidating prospective, historically explored ground in the heart of the Abitibi Gold Belt in the same belt as our Swanson Gold Project and Beacon Gold Mill is central to our district-scale strategy,” LaFleur’s President of Exploration Marc Ducharme stated in June (https://nnw.fm/cLCjg).
Upgrading the Mineral Resource Estimate (“MRE”)
As LaFleur has continued to update its Mineral Resource Estimate, it has arrived at a current indicated resource of 2.96 million tonnes at an average grade of 1.69 g/t Au, containing 160,300 ounces of gold, and an inferred resource estimate of 1.08 million tonnes at an average grade of 1.93 g/t Au, containing 66,800 ounces of gold (https://nnw.fm/wpfkN).
Updated cut-off grades (“COG”) of 0.5 g/t Au using an open pit shell and 1.85 g/t Au using underground MSO shapes led to the 30% increase in indicated MRE ounces over the 2024 report, and an estimated seven-year life for the flagship Swanson Gold Deposit.
Recent drilling results have returned assays:
DRILLING HIGHLIGHTS
2.29 g/t Au over 68.30 metres (SW-25-079)
1.18 g/t Au over 255.04 metres (SW-25-080)
1.65 g/t Au over 136.1 metres (SW-25-081)
Location, Location, Location
Having near-term production at a gold mill, a tailing pond and a gold deposit all connected to the Val d’Or mining camp that supplies the region’s exploration needs demonstrate a clear strategic value. LaFleur has easy access to skilled labor and material resources, and a developed transportation network for moving material and resources around.
That transportation network includes a rail line crossing LaFleur’s Swanson property that can help move material. LaFleur has been in talks with rail officials about a proposed spur from the main Canadian National (“CN”) line that would enable a direct mine-to-mill connection, facilitating even more economical transit between the sites. A direct connection would reduce over-the-highway traffic exposure and enhance overall environmental performance.
Completion of a rail spur to the mill would also increase LaFleur’s ability to accept feed material from other satellite sources via the CN line, enhancing the potential of expanding its revenue sources.
For more information, visit the company’s website at LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://nnw.fm/LFLRF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
Lafleur Minerals: Fully permitted Beacon Gold Mill and tailings pond, nearby Swanson Gold Deposit, make Lafleur a near-term gold producer in the Abitibi Gold Belt, ValDor, Canada.
The Val-d’Or mining camp sits in the heart of the prolific Abitibi Greenstone Belt, one of the richest gold-producing regions in the world.
Abitibi Gold Belt junior miner LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is about to move from Beacon Gold Mill recommissioning stage to gold production at its fully permitted and refurbished Beacon Gold Mill, drawing on mineralized material that sits on site from last operations in 2022.
LaFleur Minerals’ Swanson Gold deposit which sits nearby covers 490 claims across approximately 23,101 hectares, and the company’s independent NI 43-101 technical report on March 27 incorporates recent confirmation drilling to demonstrate the potential for a scalable, capital-efficient restart of gold production.
Holding mining claims in Canada’s Abitibi Greenbelt, the largest gold-producing region in the country, is a promising start for a junior miner, but near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has moved well beyond that point, amassing key assets and putting a clear strategy in play as it prepares to start gold production later this year.
LaFleur is progressing through a refurbishing project that will leave its Beacon Gold Mill in position to process stockpiled material on site and from the nearby Swanson Gold Deposit at a rate of 750 tonnes per day (“TPD”), before increasing output by the end of the first year of operation to a 1,250 TPD target.
Key Takeaways
- The Beacon Gold Mill was operational only just a couple of years ago, when it was shuttered by a bankrupt former owner; planned refurbishing upgrades were 94% complete as of the company’s last statement on the work July 1
- When the upgrades are finished later this year, LaFleur will be able to start production immediately — drawing on an existing 10,000 to 20,000 metric tons of feedstock from the company’s Swanson Gold Deposit
- LaFleur is in discussions to raise up to C$30 million in a prepayment financing facility that is accompanied by a gold doré off-take agreement with Trafigura Canada Limited, the world’s largest private metal trader. The transaction is in late due diligence stage
- LaFleur has completed and filed its independent Preliminary Economic Assessment (“PEA”) that includes an all-in sustaining cost of just under $1,600 an ounce and a base case of $2,750/ounce gold price during a season when fluctuating spot gold prices have maintained levels well over $4,000 even amid a period of correction, touching $5,500 in January
490 Claims and Counting
Swanson Gold Deposit/Mckenzie Mineral Claims- Abitibi Gold Belt
LaFleur has expanded its acquisitions within the Abitibi Gold Belt during the past year from approximately 18,304 hectares (45,230 acres) in its original Swanson Gold Project to add 46 mineral claims across 1,781.18 hectares in the McKenzie East Gold Project and 27 mineral claims covering approximately 701.7 hectares in the Val-d’Or-Senneterre corridor.
“Consolidating prospective, historically explored ground in the heart of the Abitibi Gold Belt in the same belt as our Swanson Gold Project and Beacon Gold Mill is central to our district-scale strategy,” LaFleur’s President of Exploration Marc Ducharme stated in June (https://nnw.fm/cLCjg).
Upgrading the Mineral Resource Estimate (“MRE”)
As LaFleur has continued to update its Mineral Resource Estimate, it has arrived at a current indicated resource of 2.96 million tonnes at an average grade of 1.69 g/t Au, containing 160,300 ounces of gold, and an inferred resource estimate of 1.08 million tonnes at an average grade of 1.93 g/t Au, containing 66,800 ounces of gold (https://nnw.fm/wpfkN).
Updated cut-off grades (“COG”) of 0.5 g/t Au using an open pit shell and 1.85 g/t Au using underground MSO shapes led to the 30% increase in indicated MRE ounces over the 2024 report, and an estimated seven-year life for the flagship Swanson Gold Deposit.
Recent drilling results have returned assays:
DRILLING HIGHLIGHTS
2.29 g/t Au over 68.30 metres (SW-25-079)
1.18 g/t Au over 255.04 metres (SW-25-080)
1.65 g/t Au over 136.1 metres (SW-25-081)
Location, Location, Location
Having near-term production at a gold mill, a tailing pond and a gold deposit all connected to the Val d’Or mining camp that supplies the region’s exploration needs demonstrate a clear strategic value. LaFleur has easy access to skilled labor and material resources, and a developed transportation network for moving material and resources around.
That transportation network includes a rail line crossing LaFleur’s Swanson property that can help move material. LaFleur has been in talks with rail officials about a proposed spur from the main Canadian National (“CN”) line that would enable a direct mine-to-mill connection, facilitating even more economical transit between the sites. A direct connection would reduce over-the-highway traffic exposure and enhance overall environmental performance.
Completion of a rail spur to the mill would also increase LaFleur’s ability to accept feed material from other satellite sources via the CN line, enhancing the potential of expanding its revenue sources.
For more information, visit the company’s website at LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://nnw.fm/LFLRF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
