LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec

Core Viewpoint - LaFleur Minerals Inc. is set to restart production at its Beacon Gold Mill in Val-d'Or, Québec, capitalizing on the rising gold prices, which are nearing a record of USD$3,000 per ounce, and aims to produce approximately 30,000 to 40,000 ounces of gold annually [2][3][4]. Group 1: Beacon Gold Mill Operations - The Beacon Gold Mill is fully permitted and was last operational in early 2023 when gold was priced at USD$1,800 per ounce [3]. - The mill has been under care and maintenance since early 2023 and is now being prepared for a restart, with all necessary permits expected to be finalized by the end of Q2 2025 [3][5]. - The company is assessing nearby gold deposits and engaging with neighboring mining companies for potential custom milling agreements [4][5]. Group 2: Swanson Gold Project - The Swanson Gold Project spans over 15,000 hectares and includes several gold-rich prospects previously held by other mining companies [6][20]. - The project has undergone extensive drilling, with over 36,000 meters completed, and is strategically located within 50 km of the Beacon Gold Mill [7][10]. - LaFleur Minerals has acquired 17 additional mining claims adjacent to the Swanson Gold Project, enhancing its resource potential [10][12]. Group 3: Mineral Resource Estimates - The Swanson Gold Deposit hosts an indicated mineral resource of 2,113,000 tonnes at an average grade of 1.8 g/t gold, containing approximately 123,400 ounces of gold [10]. - An inferred mineral resource estimate indicates 872,000 tonnes at an average grade of 2.3 g/t gold, containing about 64,500 ounces of gold [10]. Group 4: Future Plans and Developments - The company is planning an aggressive drilling program for spring and summer 2025 to increase the existing mineral resource and evaluate the open-pit mining potential of the Swanson gold deposit [10]. - LaFleur Minerals is also working on expediting the permitting process for the Swanson Gold Project to facilitate the supply of mineralized material to the Beacon Gold Mill [10].