BEACON GOLD MILL IS FULLY PERMITTED
The solely refurbished Beacon Gold Mill was final totally operational in early 2023 when the worth of gold was USD$1,800 per ounce and has been below care and upkeep since that point. As gold approaches a document value of USD$3,000 per ounce, the purpose of restarting the Beacon Gold Mill within the coming months is an distinctive alternative for LaFleur Minerals to additionally goal the customized milling of mineralized materials from close by gold deposits that encompass the Beacon Mill. LaFleur Minerals demonstrates vital upside potential by in the end producing income on the present elevated gold costs, with the restart of the Beacon Mill focusing on a possible annual manufacturing situation of roughly 30,000 to 40,000 ounces of gold based mostly on the present mill capability. The Firm is at the moment finalizing the restart prices for the Beacon Mill and expects to have all permits and updates accomplished by the tip of Q2 2025.
The whole LaFleur Minerals staff has been collectively working towards a profitable restart of the Beacon Mill. With the present enhance within the value of gold and the fully-permitted Beacon Mill that lies throughout the prolific Abitibi Gold Belt within the Tier 1 mining district of Val-d’Or, Québec, LaFleur Minerals has an awesome alternative to ultimately produce gold at Beacon with gold costs at document ranges. LaFleur Minerals is now approaching the end line on lots of the basic items that assist this purpose together with assessing close by superior gold deposits and initiating discussions with neighbouring mining firms that would make the most of the Beacon Mill to course of their bulk samples and future mineralized materials by means of a customized milling settlement for quite a few gold deposits within the Val-d’Or area surrounding the Beacon Mill (Determine 3).
Paul Ténière, CEO of LaFleur Minerals, said, “We proceed to make nice progress in attaining key operational readiness milestones on the Beacon Mill, together with ongoing inspections of all gear and methods and making certain an satisfactory provide of spare components. The extremely skilled staff at ABF Mines has been diligently working to finalize an in depth plan and the associated fee to restart the mill with outcomes anticipated throughout the subsequent few weeks. We additionally proceed to satisfy our environmental monitoring and sampling necessities below our allow to function, which incorporates completion of fish and wildlife research throughout the tailings storage facility (TSF) as required below each provincial and federal environmental laws. Our consultants are additionally working with us to guage required upgrades to the TSF as we transfer in direction of restarting manufacturing on the Beacon Mill.”
SWANSON GOLD PROJECT UPDATE
The Swanson gold challenge is over 15,000 hectares in dimension and consists of a number of prospects wealthy in gold and important metals beforehand held by Monarch Mining, Abcourt Mines and Globex Mining. The consolidated Swanson Gold Challenge covers a serious structural break that hosts the Swanson, Bartec, and Jolin gold targets and quite a few different showings which make up the Swanson gold challenge. The Swanson gold challenge is definitely accessible by street with a rail line operating by means of the property, permitting direct entry to a number of close by gold mills and additional enhancing its growth potential. The Swanson gold challenge has had in extra of 36,000m of drilling.
(MRE supply: NI 43-101 technical report, efficient September 17, 2024, filed on the Firm’s SEDAR+ profile).
- Bartec goal (Au): Historic Mineral Useful resource Estimate.
(supply: GESTIM – DV 87-01 – historic estimate not compliant NI 43-101)
Latest Exploration Actions:
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Excessive-resolution airborne magnetics and VLF-EM geophysics program:
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Oriented soil geochemistry and prospecting program:
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Induced Polarization (IP) – Resistivity Floor Geophysics Survey:
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A complete of 166 line-km will likely be surveyed in February 2025 at 200 m line spacings.
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It will cowl the Swanson, Bartec, and Jolin deposits, all of that are superior gold targets with present and historic mineral assets.
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LaFleur Minerals is at the moment working with its consultants to expedite allowing of the Swanson Gold Challenge with a give attention to evaluating its potential to produce mineralized materials to the Beacon Gold Mill.
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LaFleur Minerals can also be finishing an IP floor geophysics survey on its Swanson Gold Challenge and is planning an aggressive drilling program for this spring and summer season to extend the prevailing mineral useful resource for the challenge together with incorporating the Bartec, Jolin, and different gold targets. Different ongoing work consists of evaluating the open-pit mining potential of the mining lease on the Swanson gold deposit and planning to advance to a Pre-Feasibility Examine and mine allowing.
ACQUIRES ADDITIONAL CLAIMS ADJOINING THE SWANSON GOLD PROJECT
The Firm can also be happy to announce that it has entered right into a Property Buy Settlement with third-party arm’s size distributors (the “Distributors“) dated February 28, 2025 (the “Settlement“). Below the phrases of the Settlement, the Firm is entitled to amass 100% curiosity to 17 mining claims protecting roughly 699 hectares (the “Claims“) contiguous with the Firm’s Swanson Gold Challenge (“Swanson“) within the Barraute area, north of Val-d’Or, Québec. These Claims are positioned east of the Swanson gold deposit and mining lease held by LaFleur Minerals.
The acquisition phrases for the Claims consists of a money cost totaling $15,000 and the issuance of 150,000 widespread shares of the Firm to the Distributors inside 7 enterprise days of approval of the Settlement by the Canadian Securities Trade (“CSE“). The widespread shares issued below the Settlement are topic to a statutory maintain interval in Canada expiring 4 (4) months and in the future from the cut-off date.
For additional background info on the Beacon Gold Mill and Swanson Gold Challenge please discuss with the Firm’s web site and up to date movies on the following hyperlink: https://lafleurminerals.com/valdor.
LAFLEUR MINERALS ATTENDING PDAC CONFERENCE IN TORONTO – MARCH 2 TO 5
Join with LaFleur Minerals CEO, Paul Ténière, Technical Advisor/Exploration Supervisor, Louis Martin, and Senior Advisor, Jean LaFleur, March 2 to five on the Toronto Metro Conference Centre for a 1-on-1 assembly to debate the Firm’s current developments and plans shifting ahead for its Swanson Gold Challenge and Beacon Gold Mill. Contact data@lafleurminerals.com to guide prematurely.
Determine 1: Photograph of inside of Beacon Mill at the moment present process detailed inspections for restart
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https://images.newsfilecorp.com/files/6526/242940_2cb6b54a047c48d9_001full.jpg
Determine 2: Photograph of exterior of Beacon Mill in Val-d’Or, Québec
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https://images.newsfilecorp.com/files/6526/242940_2cb6b54a047c48d9_002full.jpg
Determine 3: Map of close by gold deposits inside a 50 km radius of the Beacon Gold Mill
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Certified Individual Assertion
All scientific and technical info on this information launch has been ready and accepted by Louis Martin, P.Geo., Technical Advisor to the Firm and regarded a Certified Individual for the needs of NI 43-101.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is concentrated on the event of district-scale gold Deposits within the Abitibi Gold Belt close to Val-d’Or, Québec. Our mission is to advance mining Deposits with a laser give attention to our resource-stage Swanson Gold Deposit and the Beacon Gold Mill and Property, which have vital potential to ship long-term worth. The Swanson Gold Deposit is over 15,000 hectares (150 km2) in dimension and consists of a number of prospects wealthy in gold and important metals beforehand held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has just lately consolidated a big land package deal alongside a serious structural break that hosts the Swanson, Bartec, and Jolin gold deposits and a number of other different showings that make up the Swanson Gold Deposit. The Swanson Gold Deposit is definitely accessible by street with a rail line operating by means of the property permitting direct entry to a number of close by gold mills, additional enhancing its growth potential. Lafleur Minerals’ fully-refurbished and permitted Beacon Gold Mill is able to processing over 750 tonnes per day and is being thought of for processing mineralized materials at Swanson and for customized milling operations for different close by gold Deposits.
ON BEHALF OF LAFLEUR MINERALS INC.
LaFleur Minerals Inc.
1500-1055 West Georgia Avenue
Vancouver, BC V6E 4N7
Neither the Canadian Securities Trade nor its Regulation Companies Supplier accepts accountability for the adequacy or accuracy of this information launch.
Cautionary Assertion Concerning “Ahead-Trying” Info
This information launch consists of sure statements which may be deemed “forward-looking statements”. Ahead-looking statements on this information launch embody, however should not restricted to, statements in regards to the Providing and the Firm’s expectations with respect to the foregoing. Components that would trigger future outcomes to vary materially from these anticipated in forward-looking statements on this information launch embody the tax therapy of the FT Shares. All statements on this new launch, aside from statements of historic details, that tackle occasions or developments that the Firm expects to happen, are forward-looking statements. Ahead-looking statements are statements that aren’t historic details and are usually, however not at all times, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “tasks”, “potential” and related expressions, or that occasions or situations “will”, “would”, “could”, “may” or “ought to” happen. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on cheap assumptions, such statements should not ensures of future efficiency and precise outcomes could differ materially from these within the forward-looking statements. Components that would trigger the precise outcomes to vary materially from these in forward-looking statements embody market costs, continued availability of capital and financing, political and regulatory dangers related to mining and exploration, dangers associated to environmental regulation and legal responsibility. the potential for delays in exploration or growth actions or the completion of feasibility research, dangers and uncertainties regarding the interpretation of drill outcomes, the geology, grade and continuity of mineral deposits, dangers associated to the inherent uncertainty of manufacturing and value estimates and the potential for sudden prices and bills, outcomes of prefeasibility and feasibility research, the likelihood that future exploration, growth or mining outcomes won’t be in keeping with the Firm’s expectations, and basic financial, market or enterprise situations. Traders are cautioned that any such statements should not ensures of future efficiency and precise outcomes or developments could differ materially from these projected within the forward-looking statements. Ahead-looking statements are based mostly on the beliefs, estimates and opinions of the Firm’s administration on the date the statements are made. Besides as required by relevant securities legal guidelines, the Firm undertakes no obligation to replace these forward-looking statements within the occasion that administration’s beliefs, estimates or opinions, or different elements, ought to change.
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