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RETRANSMISSION: LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec
MTIMTI(US:MTX) Newsfile·2025-03-03 14:15

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, compared to USD$1,800 per ounce in early 2023 [2][3]. Group 1: Beacon Gold Mill Operations - The Beacon Gold Mill is fully permitted and was last operational in early 2023, with plans to restart in the coming months targeting an annual production of approximately 30,000 to 40,000 ounces of gold based on current mill capacity [2][3]. - The company is finalizing restart costs and expects to complete all necessary permits and updates by the end of Q2 2025 [2][4]. - The mill is located in the Abitibi Gold Belt, a region known for its rich mineral deposits and historical mining activity [1][3]. 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 [5][19]. - The project has a significant mineral resource estimate, including an indicated resource of 2,113,000 tonnes at an average grade of 1.8 g/t gold, containing 123,400 ounces of gold, and an inferred resource of 872,000 tonnes at 2.3 g/t gold, containing 64,500 ounces of gold [9]. - Recent exploration activities include a high-resolution airborne magnetics program and an induced polarization geophysics survey, with plans for an aggressive drilling program in spring and summer 2025 [9][10]. Group 3: Acquisition and Financial Details - LaFleur Minerals has entered into a Property Purchase Agreement to acquire 100% interest in 17 mining claims covering approximately 699 hectares contiguous to the Swanson Gold Project for a cash payment of $15,000 and the issuance of 150,000 common shares [10][11]. - The acquisition enhances the company's resource base and development potential in the Val-d'Or region [10][19].