LaFleur Minerals Progressing Towards Gold Pour at Beacon Gold Mill in Val-d'Or, Quebec
Executive Summary
- LaFleur Minerals reports that refurbishment of its 100%-owned Beacon Gold Mill is on schedule, with ~30% of the budget spent and major electrical, mechanical and safety upgrades completed.
- Recent drilling at the Swanson Gold Deposit delivered a standout intercept of 2.05 g/t Au over 158.25 m (Hole SW‑25‑066) plus high‑grade zones such as 121 g/t Au over 1.1 m, confirming strong gold continuity and expanding the resource potential.
- The company expects its Preliminary Economic Assessment (PEA) to be completed by March 2026, positioning it for near‑term production as gold prices exceed $4,900/oz.
Key Details
- Mill refurbishment:
- Electrical upgrades and winterization largely finished; mechanical pumps, material handling systems, and processing components inspected, repaired, and readied.
- Structural integrity confirmed; modern safety systems (hydroelectric, fire protection, security surveillance) installed.
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Approximately 30 % of the total refurbishment budget expended, with cost control maintained and strong financial flexibility retained.
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Swanson Gold Deposit drilling results:
- Hole SW‑25‑066 – 2.05 g/t Au over 158.25 m (continuous mineralization).
- High‑grade intercept – 121 g/t Au over 1.1 m.
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Additional shallow discoveries beyond current deposit footprint, indicating potential for district‑scale expansion.
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Strategic context:
- Beacon Mill previously upgraded with >$20 M investment; last produced gold in 2022 when prices were ~$2,000/oz.
- Current gold price environment (> $4,900/oz) enhances the economic attractiveness of owning both feed (Swanson) and processing capacity (Beacon).
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Integrated asset portfolio provides capital efficiency, optionality for custom milling, and leverage to rising gold prices.
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PEA timeline:
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Anticipated completion targeted for March 2026; will deliver updated economic metrics and a development roadmap aligned with near‑term production goals.
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Future milestones:
- Pre‑operational tests and system checks at the Beacon Mill planned in the coming months.
- Ongoing updates to be provided as key milestones are achieved.
Notable Quotes
“LaFleur Minerals has assembled what we believe is a technically differentiated and strategically rare asset base… As our PEA approaches completion, targeted for March 2026, and as we prepare for pre‑operational tests … we are transitioning from pure exploration and development to gold production execution.” – Paul Ténière, CEO
All technical information prepared by Louis Martin, P.Geo., Exploration Manager (Qualified Person).