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Technical Study

LaFleur Minerals Updates PEA and Beacon Gold Mill Restart Work

By The Northwire Desk — AI Analysis Jan 26, 2026 · 10:27 LFLR · 0.48 LaFleur Minerals Inc.
LFLR · Price

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.

  • Metallurgical testing program initiated – 400 kg of core to be sent to SGS Canada (Feb–Mar 2026).

  • 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”).

  • 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.

  • Financing

  • Recent financing of $7,800,000 closed (press release Jan 5 2026).

  • Proceeds fully allocated to restart Beacon Gold Mill and related capital work.

  • Resource Summary – Swanson Gold Deposit

  • Indicated: 2,113,000 t @ 1.8 g/t Au → 123,400 oz Au (effective 17‑Sep‑2024).

  • Inferred: 872,000 t @ 2.3 g/t Au → 64,500 oz Au.

  • 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.

  • Existing 4 MW power supply supports current and expanded mill operations.

  • Growth Planning

  • Preliminary capital requirements for 3,000‑4,000 tpd expansion under evaluation; metallurgical flowsheet options being developed by Bumigeme & ERM.

  • 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.

Read the original news release →

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