VANCOUVER, BC – March 21, 2025
LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) (“LaFleur Minerals” or the “Company”) is pleased to provide the following corporate updates.
Beacon Gold Mill Restart and Swanson Gold Project Updates
The Beacon Mill is a fully refurbished and permitted gold mill situated in Val-d’Or, Québec, on the mineral-rich Abitibi Greenstone Belt, where LaFleur Minerals is laser focused on restarting gold production using large bulk samples and mineralized material from nearby gold deposits.
- With the price of gold in excess of USD$3,000 per ounce, many nearby deposits can be quickly monetized using the Company’s 100%-owned Beacon Mill.
- The mill’s operating capacity exceeds 750 tons per day.
- Strategically located in a highly prospective mining region for gold exploration and development, within an area that is host to over 100 historical and currently operating mines.
The advancement of operations at the Beacon Mill has transformational qualities for the Company, evolving it from explorer to a near-term gold producer in a Tier 1 jurisdiction with significant upside potential.
Mill Restart Progress
Figure 1: Photo of interior of Beacon Mill currently undergoing detailed inspections for restart
Figure 2: Photo of exterior of Beacon Mill in Val-d’Or, Québec
- Equipment inspections, parts inventory, and maintenance work continue full-time as part of the restart program.
- A final plan and budget to restart the mill will be completed by ABF Mines by late April, once final inspections are complete.
- The Company has engaged an environmental services company based in Val-d’Or to fulfill a federal requirement to assess and monitor environmental effects on the tailings and finishing ponds at the Beacon tailings storage facility (TSF).
- An engineering firm will also be engaged to complete a geotechnical assessment/inspection of the TSF and carry out any required repairs or upgrades before production begins.
The Company remains committed to restarting production at the Beacon Mill to process bulk samples and/or for custom milling purposes prior to the end of 2025, or once all required restart work has been completed and final approvals received from the Québec government.
Swanson Gold Project Updates
The Swanson Gold Project spans over 16,000 hectares in an attractive mining jurisdiction and includes several prospects rich in gold and critical metals, previously held by:
- Monarch Mining
- Abcourt Mines
- Globex Mining
Key Features:
- Covers a major structural break that hosts the Swanson, Bartec, and Jolin gold targets, as well as numerous other gold showings.
- Easily accessible by road, with a rail line running through the property, allowing direct access to the Beacon Gold Mill.
With over 36,000 metres of historical drilling, the project has strong exploration and development potential.
Recent Exploration Work Includes:
- Over $1 million deployed in flow-through funds.
- Detailed soil geochemistry and prospecting across several gold targets.
- A very-high resolution airborne magnetic and VLF-EM geophysical survey.
- Ongoing ground IP survey over the Swanson, Jolin, and Bartec deposits.
This work has helped refine priority drill-ready targets and derisk the upcoming diamond drilling program.
Several new promising gold targets have been identified from recent surface exploration and geophysics programs, highlighting the potential for mineral resource growth and new discoveries.
Drilling Permit & Plans
- Application for a diamond drilling permit submitted to the Québec government.
- RFQs to be sent to local drilling contractors.
- Drilling expected to commence in spring at the Swanson, Bartec, Jolin, and other newly identified targets.
Results of Annual General and Special Meeting
LaFleur Minerals announces the results of its Annual General and Special Meeting (AGSM) held on March 7, 2025.
All matters were approved, including:
- 10% Rolling Share Option Plan continuation for three years.
- 20% Restricted Share Unit Plan continuation for three years.
- Acquisition of an exclusive option to acquire 100% interest in certain mining claims and a mining lease in Québec, under an option agreement with BullRun Capital Inc. dated September 17, 2024
(refer to news release dated September 24, 2024).
Exercise of Warrants
- The Company has received total gross proceeds of $816,750 from the exercise of 7,425,000 warrants.
- The Warrants were issued in connection with a March 2023 private placement, and expired on March 14, 2025.
Qualified Person Statement
All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec.
Mission:
To advance mining projects with a focus on the Swanson Gold Project and the Beacon Gold Mill and Property, both with long-term value potential.
Highlights:
- Swanson Gold Project spans over 16,000 hectares (160 km²).
- Hosts several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining.
- Consolidated a large land package along a major structural break with multiple gold deposits and showings.
- Easily accessible by road and rail, enhancing mill access and development.
Beacon Gold Mill:
- Fully refurbished and permitted.
- Processing capacity: over 750 tonnes/day.
- Suitable for processing Swanson mineralized material and custom milling operations for nearby projects.
Contact Information
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, 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 certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements.
Forward-looking statements may include, but are not limited to:
- “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”
- Statements that events or conditions “will”, “would”, “may”, “could” or “should” occur
Note:
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, actual results may differ materially due to:
- Market prices
- Capital and financing availability
- General economic, market or business conditions
Forward-looking statements are based on the beliefs, estimates, and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these statements.
