Northwire Canada EditionSaturday, July 25, 2026
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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Drill Results Routine +

Drilling at Swanson Gold Deposit Confirms Large-Scale Gold Discovery with 1.18 g/t Au over 255.04 metres and 1.65 g/t Au over 136.01 metres

Swanson Drilling Validates Trafigura Deal Economics

By The Northwire Desk — AI Analysis Apr 21, 2026 · 10:28 LFLR · 0.62 LaFleur Minerals Inc.
Executive Summary
  • LaFleur Minerals reported new gold discovery zones at the Swanson Gold Project on April 21, 2026.
  • Drill Hole SW-25-080 intersected 1.18 g/t Au over 255.04 metres.
  • Drill Hole SW-25-081 intersected 1.65 g/t Au over 136.10 metres.
  • High-grade intercepts included up to 86.8 g/t Au over 1.0 metre.
  • The deposit is now traceable over ~275m strike length with depths exceeding 300 metres.
  • Mineralization extends well below the limits of the current resource model used in the March 2026 PEA.
  • A stock option grant was issued to management and consultants for 2,500,000 common shares at $0.65 per share.
  • This news follows a C$30 million prepayment facility term sheet with Trafigura announced on April 15, 2026.
Material Impact
  • The drilling results confirm the continuity and scale of the Swanson Gold Deposit, validating the assumptions made in the March 27, 2026 PEA technical report.
  • Extending mineralization below the current resource model suggests potential for a future resource update to increase Indicated resources, which could improve project economics (NPV/IRR).
  • However, this news is largely expected given the ongoing drill program announced in late 2025 and early 2026. It does not alter the immediate production timeline or financing status established by the Trafigura deal six days prior.
  • The stock option grant at $0.65 (near current price) represents a minor dilution risk but aligns management incentives with share performance.
  • In the context of the recent C$30 million Trafigura term sheet, this news de-risks the feed source for the Beacon Gold Mill but does not constitute a standalone market-moving event compared to the financing announcement.
LFLR · Price
Company Overview
  • LaFleur Minerals is a gold exploration and development company focused on the Abitibi Gold Belt in Quebec, Canada.
  • Flagship Project: Swanson Gold Deposit, located approximately 60 km from the Beacon Gold Mill.
  • Asset Integration: The company owns the Beacon Gold Mill (750 tpd capacity), allowing for a vertically integrated production model without reliance on third-party toll milling.
  • Land Package: District-scale land package of 19,214 hectares containing multiple gold zones (Swanson, Bartec, Jolin, Marimac).
Read the original news release →

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