VANCOUVER, BC – June 23, 2025, LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) (“LaFleur Minerals” or the “Company”) is advancing towards a restart of the Company’s 100%-owned Beacon Gold Mill in Val-d'Or, Québec and a Preliminary Economic Assessment (PEA) as it aims to restart production at the mill by early 2026.
LaFleur Minerals plans to immediately launch a minimum 5,000-metre diamond drilling program at its highly prospective, district-scale Swanson Gold Project (“Swanson”).
LaFleur Minerals also reiterates key results of its recent exploration programs, including an update on its diamond drilling and bulk sampling plans at Swanson. Refer to LaFleur Minerals News Release dated June 4, 2025 and the LaFleur Minerals Webinar Replay dated June 5, 2025.
Restart Plan for Beacon Gold Mill
LaFleur Minerals is methodical and laser-focused on completing the necessary activities required to restart production at its fully permitted Beacon Gold Mill, a 750 tonne per day facility that underwent over C$20 million in repairs and refurbishments just prior to acquiring the asset in Fall 2024.
The Company is also finalizing a PEA to evaluate the economics of an open-pit mining scenario at Swanson and the processing of the mineralized material at its Beacon Gold Mill, capitalizing on the current gold market rally with prices hovering above USD$3,300 per ounce.
The Beacon Gold Mill benefits from:
- Numerous gold deposits in its vicinity for bulk sampling and custom milling opportunities
- Existing infrastructure
- Direct access to roads, power, and skilled labor
This enhances the overall value proposition of LaFleur Minerals by providing an anticipated path to production and revenue generation.
As part of its ongoing mill assessment, the Company has developed a comprehensive restart plan that includes:
- ~C$3.8 million for mill equipment and maintenance
- ~C$1.8 million for tailings storage facility repairs
The Company is evaluating the processing of a large bulk sample from the Swanson gold deposit at the Beacon Mill to test its metallurgical and processing characteristics.
The Beacon Mill’s viability is further supported by:
- No outstanding royalties or encumbrances (royalties eliminated during Monarch Mining’s CCAA process)
- A $2.4 million bond on the mill as a backstop
Swanson Gold Deposit
The Swanson Gold Project is a district-scale 166 km² project that includes numerous prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining.
The Swanson Gold Project hosts:
- Indicated Mineral Resource: 2,113,000 t @ 1.8 g/t gold = 123,400 oz
- Inferred Mineral Resource: 872,000 t @ 2.3 g/t gold = 64,500 oz
LaFleur Minerals has targeted aggressive exploration and drilling this season to increase the gold resource based on 4 primary target areas:
- Swanson
- Bartec
- Marimac
- Jolin
(MRE source: NI 43-101 technical report, effective September 17, 2024, filed on the Company's SEDAR+ profile and website).
Bulk Sample Planning in Progress
- Planning and permitting is underway for an up to 100,000-tonne bulk sample from the existing mining lease hosting the Swanson Gold Deposit.
- The sample would be tested at the Beacon Mill once fully operational.
- A bulk sample mining and environmental closure and remediation plan is being finalized for regulatory approval with the Québec government.
Additional highlights:
- Over 50 drill hole targets identified at Swanson, Bartec, Jolin, and Marimac
- High-grade result: 11.7 g/t Au in a grab sample at Jolin
- Immediate plans: 5,000 metres of diamond drilling at Swanson starting in June, using existing flow-through (FT) funds
Refer to the Company’s news release dated June 4, 2025 for more details on exploration activities including:
- Geological mapping and prospecting
- Soil sampling surveys
- Induced Polarization (IP) geophysics surveys
CEO Statement
Paul Ténière, CEO of LaFleur Minerals stated:
“We are grateful to have acquired the fully permitted and refurbished Beacon Gold Mill, which received over C$20 million in upgrades by its previous operator and is located in the midst of numerous gold deposits in the historic Val-d’Or and Rouyn-Noranda mining districts, including our own Swanson Gold Deposit. Based on our recent detailed assessments, the Beacon Gold Mill requires minimal repairs and improvements, and we are methodically executing a strategy to eventually restart production at the mill. We are also excited to commence planning for a large bulk sample at Swanson and a PEA to evaluate a mining and processing scenario at current record gold prices. With gold prices at record highs this is a pivotal year for LaFleur Minerals as we focus on restarting gold production at the Beacon Gold Mill and diamond drilling at the Swanson Gold Project to increase mineral resources.”
Site Visit
The Company plans to coordinate a site visit to its Beacon Gold Mill and Swanson Gold Project in July 2025 for prospective investors, shareholders, and analysts.
To participate, contact LaFleur Minerals at info@lafleurminerals.com to coordinate:
- Air travel
- Hotel lodging
- Transportation to and from the Beacon Gold Mill
The Company is currently in discussions with several groups to finance the restart of the Beacon Gold Mill using mineralized material from the Swanson Gold Deposit.
Figure 1: Swanson Gold Project located 50 km from the Beacon Gold Mill, and surrounding deposits
Grant of Stock Options
The Company announces that it has granted incentive stock options to Directors to acquire an aggregate of 1,000,000 common shares at $0.35 per share, for a period of three years.
These Options:
- Have been granted under the Company's stock option plan
- Are subject to a four month hold period from the date of grant in accordance with Canadian Securities Exchange policies
Qualified Person Statement and Data Verification
All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor.
Mr. Martin is a Qualified Person under NI 43-101 and has:
- Reviewed and verified rock sampling results and certified analytical data
- Noted no errors or omissions during data verification
- Verified the technical information disclosed
No material factors of sampling or recovery were found to affect the reliability of assay data or results.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) is focused on developing district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec.
Our mission:
- Advance the resource-stage Swanson Gold Project and Beacon Gold Mill
- Deliver long-term value
Project Highlights:
- Swanson Gold Project: Over 16,600 hectares (166 km²) with gold and critical metal prospects
- Land package along major structural break hosting Swanson, Bartec, and Jolin
- Road access and proximity to several gold mills
The Beacon Gold Mill:
- Fully-refurbished and permitted
- Capable of processing 750 tonnes per day
- Potential for custom milling and processing mineralized material from Swanson
On Behalf of LaFleur Minerals Inc.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
📧 info@lafleurminerals.com
LaFleur Minerals Inc.
1500‑1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding “Forward-Looking” Information
This news release includes statements that may be deemed “forward-looking statements”.
These statements are identified by terms such as:
- “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”
- Or events that “will”, “would”, “may”, “could”, “should” occur
Forward-looking statements include, without limitation:
- Statements related to the use of proceeds from the Offering
Note: These are not guarantees of future performance. Actual results may differ materially due to:
- Market prices
- Availability of capital and financing
- General economic, market, or business conditions
These statements are based on management’s beliefs as of the date made. The Company disclaims any obligation to update them unless required by law.
