MTI(US:MTX) TMX Newsfile·2026-02-04 12:30Core Insights - LaFleur Minerals Inc. has announced positive drilling assay results from its Swanson Gold Deposit, confirming strong gold continuity and potential for scalability [1] - The validation drilling program has provided significant technical information that enhances the project's development thesis and supports an upcoming Preliminary Economic Assessment (PEA) [3][4] Validation Assay Results - The validation drilling confirmed the size and continuity of gold mineralization at the Swanson Gold Deposit, with significant intersections including 2.05 g/t Au over 158.25 metres [4][5] - The program has connected previously discontinuous mineralized zones and filled gaps outside the current pit shell, improving resource classification and reducing projected strip ratios [4][8] Regional Exploration Results - The regional exploration drilling has identified shallow gold mineralization outside the Swanson Gold Deposit, indicating potential for additional open-pit deposits [2][15] - Notable results from the regional exploration include 1.58 g/t Au over 11.05 metres and 5.78 g/t Au over 2.05 metres [15][17] Drilling Program Details - The validation drilling program consisted of 12 drill holes totaling 2,619 metres, aimed at verifying historical data and assessing the economic viability of a potential open-pit mining operation [6][11] - The program is part of a broader exploration strategy that includes ongoing diamond drilling and regional exploration across the Swanson property, which covers approximately 18,300 hectares [22][24] Industry Context - The Val-d'Or region, where the Swanson Gold Deposit is located, is known for its rich gold resources but faces a shortage of milling options, creating an opportunity for LaFleur's Beacon Gold Mill to serve as a processing hub [18] - The Beacon Gold Mill is fully permitted and capable of processing over 750 tonnes per day, positioning it strategically to support nearby satellite deposits [24]