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Technical Study

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

By The Northwire Desk — AI Analysis Nov 05, 2025 · 14:25 LFLR · 0.6 LaFleur Minerals Inc.
LFLR · Price

Executive Summary

  • Lafleur Minerals has launched a 10‑hole twinned confirmation drilling campaign at the Swanson Gold Deposit to validate high‑grade shear zones and feed material into its owned Beacon Gold Mill.
  • The drill results will be incorporated into an updated Mineral Resource Estimate and a Preliminary Economic Assessment (PEA) currently being prepared by ERM.
  • Beacon Mill, a 750 t/d fully permitted facility modernized at $20 M in 2022, is in the final stages of recommissioning, positioning the company for near‑term gold production once assay results are received.

Key Details

  • Drilling Program: 10 twinned holes designed to validate continuity of historic high‑grade intervals and provide fresh core for ore‑sorting and metallurgical testing.
  • Historical Highlights (for context):
  • 69.3 m @ 3.03 g/t Au (SW‑03‑07)
  • 51.0 m @ 3.46 g/t Au (BAR31‑84) from >36,000 m of historic drilling across 242 holes.
  • Resource Impact: New data will feed directly into an updated Mineral Resource Estimate and the ongoing PEA being completed by Environmental Resources Management (ERM).
  • Beacon Mill Status:
  • 750 t/d capacity, fully permitted.
  • $20 M modernization completed in 2022; current work includes mechanical/electrical upgrades, new gravity concentrator installation, and staffing of key operational roles.
  • On‑site mineralized stockpiles of ~10–20 kt ready for initial trial runs post‑restart.
  • Strategic Position: Co‑location of Swanson deposit and Beacon Mill provides an integrated processing advantage in the Abitibi Gold Belt, enabling rapid transition from development to production.
  • Management Quote (CEO Paul Teniere): Emphasized “amazing economic potential” given record gold prices (> $4,000/oz) and highlighted the goal of completing the PEA as soon as assay results are received.
  • Qualified Person: Louis Martin, P.Geo., Exploration Manager & Technical Advisor, has approved all technical information per NI 43‑101 standards.

Notable Quotes

“Advancing the Beacon Gold Mill to restart gold production with gold prices at record levels above $4,000 per ounce offers amazing economic potential,” – Paul Teniere, CEO, Lafleur Minerals.

Read the original news release →

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LaFleur Minerals Confirms Swanson Gold Continuity Ahead of Beacon Mill Restart

Drill Results