LaFleur Minerals Advances Swanson Confirmation Drilling to Support Beacon Mill Restart and PEA

Core Viewpoint - Lafleur Minerals Inc. is advancing towards near-term gold production with the initiation of a confirmation drilling program at its Swanson Gold Deposit, which will support a Preliminary Economic Assessment (PEA) for the restart of gold production at the Beacon Gold Mill [1][5][10] Group 1: Drilling Program and Resource Validation - The confirmation drilling program consists of a 10-hole twinned-drilling campaign aimed at validating historical results and enhancing confidence in the geological model [2][3] - Historical drilling at the Swanson Gold Deposit has exceeded 36,000 meters across 242 holes, with notable intervals including 69.3 meters at 3.03 g/t Au and 51.0 meters at 3.46 g/t Au [3][4] Group 2: Beacon Gold Mill and Production Readiness - The Beacon Gold Mill is undergoing final stages of recommissioning, with a capacity of 750 tonnes per day and a $20 million modernization completed in 2022 [6][12] - Current activities include mechanical and electrical upgrades, installation of a new gravity concentrator circuit, and recruitment of operational staff [7][8] Group 3: Strategic Position and Market Context - Lafleur Minerals is strategically positioned in the Val-d'Or district, which is attracting global producers through mergers and acquisitions targeting long-life, low-risk assets [9][10] - The combination of an owned mill and near-surface feed source allows Lafleur to transition rapidly from development to production, especially with record gold prices above $4,000 per ounce enhancing the economic potential of the restart plan [5][10]