Growing Momentum Signals Opportunity as Explorers Shift Toward Production, Reveal Substantial Value

Executive Summary

• LaFleur Minerals announced a 7,500 m diamond drilling program and permitting of a 100,000‑tonne bulk sample to advance the Swanson Gold Project toward production.
• The company outlined a C$5–6 million restart plan for its fully permitted Beacon Gold Mill, targeting early‑next‑year ramp‑up and full capacity by year‑end.
• LaFleur is pursuing up to C$7 million of gold‑linked convertible notes (via FMI Securities) following recent C$2.88 million LIFE and C$1.66 million flow‑through financings.

Key Details

• Drilling Program: 7,500 m of diamond drilling across >50 prospects, including a 10‑hole twin‑hole program at Swanson; early Jolin assays up to 11.7 g/t Au.
• Resource Base (Swanson): 123.4 koz Indicated + 64.5 koz Inferred gold.
• Bulk Sample Permit: 100,000 t bulk sample targeting ~1.89 g/t Au (~6,350 oz), ≈3 % of current resource.
• Beacon Gold Mill: Fully permitted, upgraded in 2022 with C$20 M investment; capacity >750 t/d; replacement value estimated at C$71.5 M with only C$4.1 M rehabilitation required.
• Mill Restart Plan: Estimated C$5–6 M total spend over 6‑8 months (≈C$3.8 M equipment upgrades, C$1.8 M tailings improvements). Production ramp‑up expected early 2026; full capacity by year‑end 2026.
• Financing Activity:
• Gold‑linked convertible note offering up to C$7 M (FMI Securities).
• Prior completions: C$2.88 M LIFE Offering and C$1.66 M flow‑through financing.
• Strategic Positioning: Integrated model (own mill + own deposit) reduces reliance on third‑party toll milling, lowers operating costs, and accelerates cash flow.

Notable Quotes

(No direct CEO/President quotes were provided in the release.)