LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec
LaFleur Minerals (LFLRF) announces plans to restart its 100%-owned Beacon Gold Mill in Val-d'Or, Québec. The mill, last operational in early 2023 when gold was at $1,800/oz, is now targeting restart as gold approaches $3,000/oz. The facility aims for 30,000-40,000 ounces annual gold production based on current capacity.
The company plans to complete permits and updates by Q2 2025, targeting custom milling opportunities from nearby deposits. The Beacon Mill is strategically located in the Abitibi Gold Belt, surrounded by over 100 historical and operating mines.
Additionally, LaFleur acquired 17 new mining claims (699 hectares) adjacent to its Swanson Gold Project, which currently holds Indicated Resources of 123,400 oz gold (2.11M tonnes at 1.8 g/t) and Inferred Resources of 64,500 oz gold (872,000 tonnes at 2.3 g/t). The acquisition cost includes $15,000 cash and 150,000 company shares.
LaFleur Minerals (LFLRF) annuncia piani per riavviare il suo Beacon Gold Mill, di proprietà al 100%, a Val-d'Or, Québec. L'impianto, operativo l'ultima volta all'inizio del 2023 quando il prezzo dell'oro era di $1,800/oz, punta ora a riavviarsi mentre il prezzo dell'oro si avvicina a $3,000/oz. La struttura mira a una produzione annuale di 30,000-40,000 once d'oro basata sulla capacità attuale.
L'azienda prevede di completare i permessi e gli aggiornamenti entro il secondo trimestre del 2025, mirando a opportunità di macinazione personalizzata da depositi vicini. Il Beacon Mill è strategicamente situato nella Abitibi Gold Belt, circondato da oltre 100 miniere storiche e operative.
Inoltre, LaFleur ha acquisito 17 nuovi diritti minerari (699 ettari) adiacenti al suo Swanson Gold Project, che attualmente detiene Risorse Indicate di 123,400 once d'oro (2.11 milioni di tonnellate a 1.8 g/t) e Risorse Inferite di 64,500 once d'oro (872,000 tonnellate a 2.3 g/t). Il costo dell'acquisizione include $15,000 in contante e 150,000 azioni della società.
LaFleur Minerals (LFLRF) anuncia planes para reiniciar su Beacon Gold Mill, de propiedad al 100%, en Val-d'Or, Québec. El molino, que estuvo operativo por última vez a principios de 2023 cuando el oro estaba a $1,800/oz, ahora apunta a reiniciarse a medida que el oro se acerca a $3,000/oz. La instalación tiene como objetivo una producción anual de 30,000-40,000 onzas de oro según la capacidad actual.
La empresa planea completar los permisos y actualizaciones para el segundo trimestre de 2025, buscando oportunidades de molienda personalizada de depósitos cercanos. El Beacon Mill está estratégicamente ubicado en el Cinturón de Oro de Abitibi, rodeado de más de 100 minas históricas y en operación.
Además, LaFleur adquirió 17 nuevas concesiones mineras (699 hectáreas) adyacentes a su Swanson Gold Project, que actualmente posee Recursos Indicados de 123,400 onzas de oro (2.11 millones de toneladas a 1.8 g/t) y Recursos Inferidos de 64,500 onzas de oro (872,000 toneladas a 2.3 g/t). El costo de la adquisición incluye $15,000 en efectivo y 150,000 acciones de la empresa.
LaFleur Minerals (LFLRF)는 퀘벡 주 발도르에 위치한 100% 소유의 비콘 골드 밀을 재가동할 계획을 발표했습니다. 이 밀은 금 가격이 온스당 $1,800이었을 때인 2023년 초에 마지막으로 운영되었으며, 현재 금 가격이 온스당 $3,000에 접근함에 따라 재가동을 목표로 하고 있습니다. 이 시설은 현재 용량을 기준으로 연간 30,000-40,000 온스의 금 생산을 목표로 하고 있습니다.
회사는 2025년 2분기까지 허가 및 업데이트를 완료할 계획이며, 인근 광상에서 맞춤형 분쇄 기회를 모색하고 있습니다. 비콘 밀은 아비티비 금벨트에 전략적으로 위치해 있으며, 100개 이상의 역사적 및 운영 중인 광산으로 둘러싸여 있습니다.
또한, LaFleur는 스완슨 골드 프로젝트에 인접한 17개의 새로운 광산 청구권(699 헥타르)을 인수했습니다. 현재 이 프로젝트는 123,400 온스의 금(2.11백만 톤, 1.8 g/t)으로 표시된 자원과 64,500 온스의 금(872,000 톤, 2.3 g/t)으로 추정된 자원을 보유하고 있습니다. 인수 비용에는 $15,000의 현금과 150,000 주식이 포함됩니다.
LaFleur Minerals (LFLRF) annonce ses projets de redémarrage de son Beacon Gold Mill à Val-d'Or, Québec, dont elle est propriétaire à 100%. Le moulin, qui a été opérationnel pour la dernière fois au début de 2023 lorsque l'or était à 1 800 $/oz, vise maintenant à redémarrer alors que l'or approche les 3 000 $/oz. L'installation vise une production annuelle de 30 000-40 000 onces d'or en fonction de la capacité actuelle.
L'entreprise prévoit de finaliser les permis et les mises à jour d'ici le deuxième trimestre 2025, en ciblant des opportunités de broyage sur mesure à partir de dépôts voisins. Le Beacon Mill est stratégiquement situé dans la ceinture aurifère d'Abitibi, entouré de plus de 100 mines historiques et en activité.
De plus, LaFleur a acquis 17 nouvelles concessions minières (699 hectares) adjacentes à son Swanson Gold Project, qui détient actuellement des ressources indiquées de 123 400 onces d'or (2,11 millions de tonnes à 1,8 g/t) et des ressources inférées de 64 500 onces d'or (872 000 tonnes à 2,3 g/t). Le coût de l'acquisition comprend 15 000 $ en espèces et 150 000 actions de la société.
LaFleur Minerals (LFLRF) gibt Pläne bekannt, die 100%-eigene Beacon Gold Mill in Val-d'Or, Québec, wieder in Betrieb zu nehmen. Die Mühle war zuletzt Anfang 2023 in Betrieb, als der Goldpreis bei $1,800/oz lag, und zielt nun auf eine Wiederinbetriebnahme ab, da der Goldpreis sich $3,000/oz nähert. Die Anlage strebt eine jährliche Goldproduktion von 30,000-40,000 Unzen basierend auf der aktuellen Kapazität an.
Das Unternehmen plant, die Genehmigungen und Aktualisierungen bis zum 2. Quartal 2025 abzuschließen und sucht nach maßgeschneiderten Mahlmöglichkeiten aus nahegelegenen Lagerstätten. Die Beacon Mill ist strategisch im Abitibi Gold Belt gelegen, umgeben von über 100 historischen und aktiven Minen.
Zusätzlich hat LaFleur 17 neue Bergbaurechte (699 Hektar) erworben, die an sein Swanson Gold Project angrenzen, das derzeit angezeigte Ressourcen von 123,400 Unzen Gold (2,11 Millionen Tonnen bei 1,8 g/t) und vermutete Ressourcen von 64,500 Unzen Gold (872,000 Tonnen bei 2,3 g/t) hält. Die Erwerbskosten umfassen $15,000 in bar und 150,000 Unternehmensaktien.
- Beacon Mill restart targeting 30,000-40,000 oz annual gold production
- Mill restart coincides with gold price near $3,000/oz vs $1,800/oz at last operation
- Fully permitted mill facility in strategic location
- Swanson Project contains 123,400 oz indicated and 64,500 oz inferred gold resources
- Strategic acquisition of additional 699 hectares adjacent to existing project
- Mill restart costs not yet finalized
- Production restart timeline extends to Q2 2025
- Custom milling agreements not yet secured
Acquires Mineral Claims Contiguous to the Swanson Gold Project, Québec
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide an update on its plans to restart production activities at its
BEACON GOLD MILL IS FULLY PERMITTED
The entirely refurbished Beacon Gold Mill was last fully operational in early 2023 when the price of gold was USD
The entire LaFleur Minerals team has been collectively working toward a successful restart of the Beacon Mill. With the current increase in the price of gold and the fully-permitted Beacon Mill that lies within the prolific Abitibi Gold Belt in the Tier 1 mining district of Val-d'Or, Québec, LaFleur Minerals has a great opportunity to eventually produce gold at Beacon with gold prices at record levels. LaFleur Minerals is now approaching the finish line on many of the fundamental pieces that support this goal including assessing nearby advanced gold deposits and initiating discussions with neighbouring mining companies that could utilize the Beacon Mill to process their bulk samples and future mineralized material through a custom milling agreement for numerous gold deposits in the Val-d'Or region surrounding the Beacon Mill (Figure 3).
Paul Ténière, CEO of LaFleur Minerals, stated, "We continue to make great progress in achieving key operational readiness milestones at the Beacon Mill, including ongoing inspections of all equipment and systems and ensuring an adequate supply of spare parts. The highly experienced team at ABF Mines has been diligently working to finalize a detailed plan and the cost to restart the mill with results expected within the next few weeks. We also continue to meet our environmental monitoring and sampling requirements under our permit to operate, which includes completion of fish and wildlife studies within the tailings storage facility (TSF) as required under both provincial and federal environmental regulations. Our consultants are also working with us to evaluate required upgrades to the TSF as we move towards restarting production at the Beacon Mill."
SWANSON GOLD PROJECT UPDATE
The Swanson gold project is over 15,000 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines and Globex Mining. The consolidated Swanson Gold Project covers a major structural break that hosts the Swanson, Bartec, and Jolin gold targets and numerous other showings which make up the Swanson gold project. The Swanson gold project is easily accessible by road with a rail line running through the property, allowing direct access to several nearby gold mills and further enhancing its development potential. The Swanson gold project has had in excess of 36,000m of drilling.
The Swanson Gold Deposit hosts:
Indicated Mineral Resource:
2,113,000 t with an average grade of 1.8 g/t gold, containing 123,400 oz of gold.
Inferred Mineral Resource Estimate:
872,000 t with an average grade of 2.3 g/t gold, containing 64,500 oz of gold.
(MRE source: NI 43-101 technical report, effective September 17, 2024, filed on the Company's SEDAR+ profile).
The Swanson Gold Project is located within 50 km of the Company's fully-permitted Beacon Gold Mill, and includes:
A mining lease which can be permitted for bulk sampling and future mining scenario.
Jolin target (Au): Historical Mineral Resource Estimate
(source: GESTIM -1996, GM62629 - historical estimate not compliant with NI 43-101)
- Bartec target (Au): Historical Mineral Resource Estimate.
(source: GESTIM - DV 87-01 - historical estimate not compliant NI 43-101)
Recent Exploration Activities:
High-resolution airborne magnetics and VLF-EM geophysics program:
Completed over the entire Swanson Gold Deposit.
Oriented soil geochemistry and prospecting program:
Conducted by IOS Géosciences (IOS), with final assay results pending.
Induced Polarization (IP) - Resistivity Ground Geophysics Survey:
A total of 166 line-km will be surveyed in February 2025 at 200 m line spacings.
This will cover the Swanson, Bartec, and Jolin deposits, all of which are advanced gold targets with current and historical mineral resources.
LaFleur Minerals is currently working with its consultants to expedite permitting of the Swanson Gold Project with a focus on evaluating its potential to supply mineralized material to the Beacon Gold Mill.
LaFleur Minerals is also completing an IP ground geophysics survey on its Swanson Gold Project and is planning an aggressive drilling program for this spring and summer to increase the existing mineral resource for the project including incorporating the Bartec, Jolin, and other gold targets. Other ongoing work includes evaluating the open-pit mining potential of the mining lease at the Swanson gold deposit and planning to advance to a Pre-Feasibility Study and mine permitting.
ACQUIRES ADDITIONAL CLAIMS ADJOINING THE SWANSON GOLD PROJECT
The Company is also pleased to announce that it has entered into a Property Purchase Agreement with third-party arm's length vendors (the "Vendors") dated February 28, 2025 (the "Agreement"). Under the terms of the Agreement, the Company is entitled to acquire
The acquisition terms for the Claims consists of a cash payment totaling
For further background information on the Beacon Gold Mill and Swanson Gold Project please refer to the Company's website and recent videos at the following link: https://lafleurminerals.com/valdor.
LAFLEUR MINERALS ATTENDING PDAC CONFERENCE IN TORONTO - MARCH 2 TO 5
Connect with LaFleur Minerals CEO, Paul Ténière, Technical Advisor/Exploration Manager, Louis Martin, and Senior Advisor, Jean LaFleur, March 2 to 5 at the Toronto Metro Convention Centre for a 1-on-1 meeting to discuss the Company's recent developments and plans moving forward for its Swanson Gold Project and Beacon Gold Mill. Contact info@lafleurminerals.com to book in advance.
Figure 1: Photo of interior of Beacon Mill currently undergoing detailed inspections for restart
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/242940_2cb6b54a047c48d9_001full.jpg
Figure 2: Photo of exterior of Beacon Mill in Val-d'Or, Québec
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/242940_2cb6b54a047c48d9_002full.jpg
Figure 3: Map of nearby gold deposits within a 50 km radius of the Beacon Gold Mill
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/242940_2cb6b54a047c48d9_003full.jpg
Qualified Person Statement
All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold Deposits in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is to advance mining Deposits with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill and Property, which have significant potential to deliver long-term value. The Swanson Gold Deposit is over 15,000 hectares (150 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings that make up the Swanson Gold Deposit. The Swanson Gold Deposit is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold Deposits.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements in this news release include, but are not limited to, statements about the Offering and the Company's expectations with respect to the foregoing. Factors that could cause future results to differ materially from those anticipated in forward-looking statements in this news release include the tax treatment of the FT Shares. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, political and regulatory risks associated with mining and exploration, risks related to environmental regulation and liability. the potential for delays in exploration or development activities or the completion of feasibility studies, risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits, risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, results of prefeasibility and feasibility studies, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242940
FAQ
What is the expected annual gold production capacity of LFLRF's Beacon Mill?
When will LaFleur Minerals (LFLRF) restart the Beacon Gold Mill?
What are the current gold resources at LFLRF's Swanson Gold Project?
How much did LFLRF pay for the new mining claims near Swanson?
What was the gold price when LFLRF's Beacon Mill last operated?
