Workflow
Gold Production Restart
icon
Search documents
LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project
Newsfile· 2025-06-23 12:30
Core Viewpoint - LaFleur Minerals is progressing towards restarting the Beacon Gold Mill and conducting a Preliminary Economic Assessment (PEA) for the Swanson Gold Project, aiming for production by early 2026 [1][5][7]. Group 1: Beacon Gold Mill Restart - The Beacon Gold Mill, a fully permitted facility with a capacity of 750 tonnes per day, underwent over C$20 million in repairs and refurbishments prior to acquisition in Fall 2024 [5][7]. - A comprehensive mill restart plan includes approximately C$3.8 million for equipment and maintenance improvements, and C$1.8 million for tailings storage facility repairs [5]. - The mill has no outstanding royalties or encumbrances, enhancing its financial viability [5]. Group 2: Swanson Gold Project - The Swanson Gold Project covers 166 km² and contains an Indicated Mineral Resource of 2,113,000 tonnes at an average grade of 1.8 g/t gold, equating to 123,400 ounces of contained gold [3]. - An Inferred Mineral Resource Estimate of 872,000 tonnes at an average grade of 2.3 g/t gold is also present, amounting to 64,500 ounces of contained gold [3]. - The company plans to conduct a minimum 5,000-metre diamond drilling program at Swanson, focusing on four primary target areas [1][10]. Group 3: Market Context and Financial Strategy - Current gold prices are around USD$3,300 per ounce, prompting the company to capitalize on this market rally [5][7]. - The company is in discussions with various groups to finance the restart of the Beacon Gold Mill using mineralized material from the Swanson Gold Deposit [8][10]. - A bulk sample of up to 100,000 tonnes from the Swanson Gold Deposit is being planned for testing at the Beacon Mill [10]. Group 4: Future Plans and Investor Engagement - The company is organizing a site visit for prospective investors and analysts in July 2025 to showcase the Beacon Gold Mill and Swanson Gold Project [8]. - The CEO emphasized the strategic importance of the current year for restarting production and increasing mineral resources at Swanson [7].