LaFleur Minerals Inc. Advances Toward Beacon Gold Mill Restart and Swanson Project Bulk Sampling

June 26th, 2025 1:05 PM
By: Newsworthy Staff

LaFleur Minerals Inc. is progressing with plans to restart its Beacon Gold Mill and initiate a bulk sampling program at the Swanson Project, capitalizing on rising gold prices and positioning itself as a near-term gold producer in Quebec's prolific gold-producing region.

LaFleur Minerals Inc. Advances Toward Beacon Gold Mill Restart and Swanson Project Bulk Sampling

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is moving forward with plans to restart its fully-permitted and recently refurbished Beacon Gold Mill in Val-d’Or, Quebec, by early 2026, providing a local milling option for surrounding gold projects. The company is also launching a minimum 5,000-metre diamond drilling program at its wholly-owned Swanson Gold Project this month, alongside a Preliminary Economic Assessment (PEA) to evaluate open-pit mining and milling scenarios at current gold prices, which are expected to rise.

With gold prices surpassing $3,300/oz and projections hitting $4,000/oz by the second quarter of 2026, LaFleur is preparing for a 100,000-tonne bulk sample to be processed at the Beacon Mill. The restart is estimated to cost between C$5-6 million, benefiting from no outstanding royalties or encumbrances. This initiative offers investors near-term production potential and exposure to the surging gold market, with a site visit planned for July 2025 for prospective investors and analysts.

Located in Quebec’s Abitibi Gold Belt, the Beacon Gold Mill was acquired by LaFleur in late 2024, following over C$20 million in repairs and upgrades by its previous owner, Monarch Mining. The company's strategic moves align with record-high gold prices, positioning LaFleur as a significant player in Canada's most prolific gold-producing region. For more information on the Swanson Gold Project, visit https://ibn.fm/ywO6A.

Source Statement

This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,

blockchain registration record for the source press release.
;