LaFleur Minerals Inc. Launches Drilling Program and Confirms Strategic Mill Value

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has commenced a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project following the receipt of necessary permits. This development marks a significant step forward in the company's exploration efforts in Québec's Abitibi Gold Belt. The drilling program is aimed at further exploring the gold and critical metals potential of the Swanson Gold Project, which has been expanded to over 18,300 hectares, enhancing its appeal as a district-scale gold project.

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 with estimated restart costs of C$4.1 million, significantly lower than the replacement value of over C$71.5 million. This valuation underscores the mill's strategic value to the company, not only for processing mineralized material from the Swanson Gold Project but also for potential custom milling operations for nearby gold projects. The Beacon Gold Mill's capacity to process over 750 tonnes per day positions LaFleur Minerals as a uniquely equipped junior miner in the region.

The Swanson Gold Project's accessibility by road and rail, combined with the Beacon Gold Mill's operational readiness, provides LaFleur Minerals with a competitive edge in the development of gold projects in the Abitibi Gold Belt. These developments are expected to contribute significantly to the company's long-term value creation strategy, leveraging the rich mineral resources and infrastructure advantages of the region.