LaFleur Minerals Reminds Shareholders of Rescheduled Annual General and Special Meeting
Announces Agreement to Acquire Mineral Claims Contiguous to the Swanson Gold Project, Quebec
Vancouver, British Columbia – (Newsfile Corp. - February 18, 2025) – LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) ("LaFleur Minerals" or the "Company") reminds shareholders that the Company's Annual General and Special Meeting of Shareholders (the "Meeting") will be held at:
- Location: Suite 1500 – 1055 West Georgia Street, Vancouver, British Columbia
- Date: Friday, March 7, 2025
- Time: 10:00 am (Pacific Time)
Shareholders who intend to attend the meeting via telephone conference must submit votes by Proxy ahead of the proxy deadline:
- Proxy Deadline: March 5, 2025, at 10:00 am (Pacific Time)
The Company has filed Management Proxy Materials for its Meeting under its profile on SEDAR+ (www.sedarplus.ca) and on its corporate website at lafleurminerals.com/investors.
Acquisition of Mineral Claims within Swanson Gold Project
The Company is pleased to announce that it has entered into a Property Purchase Agreement with a third-party arm’s length vendor (the "Vendor") dated February 10, 2025 (the "Agreement"). Under the terms of the Agreement, LaFleur Minerals is entitled to acquire a 100% interest in 13 mining claims covering approximately 642 hectares (the "Claims"). These Claims are contiguous with the Company's Swanson Gold Project ("Swanson") in the Barraute region, north of Val-d'Or, Québec.
Key Highlights of the Claims
- The Claims include the 1694 Au-Ag showing (Source: Gestim), with a reported historical grab sample that assayed 2.5 g/t Au, associated with quartz veins in a felsic volcanic rock.
- The acquisition is part of LaFleur’s strategy to consolidate claims in the Swanson region and develop additional areas with significant gold potential.
CEO Commentary
Paul Ténière, CEO of LaFleur Minerals, commented:
"We are pleased to acquire these 13 claims within our Swanson Gold Project, which is over 150 km² in size with numerous gold occurrences and deposits. These claims are strategically located between our Bartec and Jolin deposits and within several significant structures that host numerous gold showings. This acquisition continues our strategy of consolidating claims in the Swanson region and developing additional areas with significant gold potential."
Transaction Details
The purchase price for the Claims includes:
- Cash Payment: $12,000
- Common Shares Issued to Vendor: 100,000 shares
- The shares will be issued within 7 business days of approval of the Agreement by the Canadian Securities Exchange (CSE) or February 28, 2025, whichever occurs earlier.
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.
Figure 1: Location Map for 13 Claims Contiguous with the Swanson Gold Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/241352_6915e1a494b21a3f_001full.jpg
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is focused on the development of district-scale gold deposits in the Abitibi Gold Belt near Val-d'Or, Québec. The Company's mission is to advance mining deposits, focusing on:
- Swanson Gold Deposit – A 15,000-hectare (150 km²) resource-stage deposit with multiple gold prospects and critical metals.
- Beacon Gold Mill and Property – A fully-refurbished and permitted mill capable of processing 750 tonnes per day.
LaFleur Minerals has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits, along with numerous gold showings. The Swanson Gold Deposit is easily accessible by road, with a rail line running through the property, allowing direct access to nearby gold mills. The Beacon Gold Mill is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold deposits.
Contact Information
Paul Ténière, P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements." These include, but are not limited to:
- Statements about the Offering and the Company’s expectations related to the Agreement and its approvals.
- The potential tax treatment of FT Shares.
- Risks and uncertainties related to:
- Market prices
- Continued availability of capital and financing
- Political and regulatory risks associated with mining and exploration
- Environmental regulations and liabilities
- Potential delays in exploration or development activities
- Interpretation of drill results, geology, grade, and continuity of mineral deposits
- Inherent uncertainty of production and cost estimates
- Unexpected costs and expenses
Investors are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ materially due to changes in management’s beliefs, estimates, or opinions, as well as general economic, market, or business conditions. The Company undertakes no obligation to update these statements except as required by applicable securities laws.
Source Version
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