LaFleur Minerals Updates PEA and Beacon Gold Mill Restart Work

Core Insights - LaFleur Minerals Inc. is making significant advancements in the Swanson Gold Deposit and Beacon Gold Mill, focusing on restarting gold production and enhancing production rates, with a Preliminary Economic Assessment (PEA) nearing completion [1][4][10] Company Developments - The Beacon Gold Mill, which last operated in 2022, is positioned to restart production as gold prices exceed $4,900/oz, leveraging supply from the Swanson Gold Deposit located approximately 50 km away [3][5] - The Swanson Gold Project contains a Total Indicated Mineral Resource Estimate of 2,113,000 tonnes at an average grade of 1.8 g/t gold, equating to 123,400 ounces of contained gold, and a Total Inferred Mineral Resource Estimate of 872,000 tonnes at an average grade of 2.3 g/t gold, equating to 64,500 ounces of contained gold [3][10] - LaFleur has secured $7,800,421 in funding to fully support the restart of the Beacon Gold Mill, which has a current capacity of 750 tonnes per day (tpd) and is scalable to 1,000 tpd under the PEA base case [5][7] Technical and Operational Advancements - The company is advancing technical studies to optimize and expand the mill's capabilities, including assessments to enhance the existing metallurgical facility and develop updated cost estimates [4][10] - Recommissioning activities at the Beacon Gold Mill are progressing, with plans to process a 100,000 tonne bulk sample from the Swanson Gold Deposit [13][15] - Discussions with Canadian National Railway (CN) are underway to enhance rail infrastructure, which will facilitate efficient transport of material to the Beacon Gold Mill, potentially reducing costs and emissions [10][12] Future Growth Planning - LaFleur is evaluating future expansion scenarios for the Beacon Gold Mill, targeting throughput increases to 3,000-4,000 tpd [10][11] - The company is conducting mine options analysis to assess the viability of processing Swanson mineralized material at the Beacon Mill, which will inform the selection of preferred development pathways [18]