LaFleur Minerals Updates PEA and Beacon Gold Mill Restart Work
Executive Summary
- LaFleur Minerals reports major technical advances toward restarting the Beacon Gold Mill and completing a PEA for its Swanson Gold Deposit.
- The company closed a $7.8 M financing on Jan 5 2026 that fully funds the mill restart, positioning the facility to generate revenue in 2026.
- Positive verification drilling at Swanson is complete; results will be released shortly and will feed into metallurgical testing and the upcoming PEA.
Key Details
- Technical Milestones
- Final stage of technical studies for Beacon Mill restart (retrofits, throughput upgrades) completed.
- Verification diamond‑drilling at Swanson finished; positive results to be announced in coming days.
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Metallurgical testing program initiated – 400 kg of core to be sent to SGS Canada (Feb–Mar 2026).
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Beacon Gold Mill
- Last operated in 2022 at 750 tpd; current restart plan funds the existing capacity and evaluates expansion to 1,000 tpd (PEA base case) and 3,000‑4,000 tpd (long‑term growth).
- Mill funded for restart with $7,800,421 closed financing (see “Recent Financing”).
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Recommissioning activities (contractor mobilization, site services restoration, equipment inspections, minor electrical/heating upgrades) performed Nov–Dec 2025; full plant recommissioning slated to begin end‑Jan 2026.
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Financing
- Recent financing of $7,800,000 closed (press release Jan 5 2026).
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Proceeds fully allocated to restart Beacon Gold Mill and related capital work.
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Resource Summary – Swanson Gold Deposit
- Indicated: 2,113,000 t @ 1.8 g/t Au → 123,400 oz Au (effective 17‑Sep‑2024).
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Inferred: 872,000 t @ 2.3 g/t Au → 64,500 oz Au.
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Infrastructure & Logistics
- Discussions with ERM and Canadian National Railway to relocate a CN spur (≈6 months) and install dedicated rail line for material transport, reducing truck traffic and GHG emissions.
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Existing 4 MW power supply supports current and expanded mill operations.
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Growth Planning
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Preliminary capital requirements for 3,000‑4,000 tpd expansion under evaluation; metallurgical flowsheet options being developed by Bumigeme & ERM.
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Quotes
- “LaFleur Minerals is pleased with the technical milestones achieved to date… positions the Company to continue to fast‑track its streamlined development strategy centred on a restart of gold production at the Beacon Gold Mill.” – Paul Ténière, CEO
Notable Quotes
“LaFleur Minerals is pleased with the technical milestones achieved to date, which represent strong progress as we advance toward delivery of a fully integrated PEA for our 100%-owned Swanson Gold Deposit and nearby Beacon Gold Mill.” – Paul Ténière, CEO
All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.