CA Market News
2日前
LaFleur Minerals Acquires Additional Mineral Claims to Expand Its McKenzie East Gold Project in Quebec's Val-d'Or Mining DistrictJune 10, 2026 9:15 AM
NewsfileAcquires a 100% interest in 27 mineral claims totalling approximately 701.7 hectares adjoining the McKenzie East and Fresnillo's McKenzie Break Gold projectsVancouver, British Columbia--(Newsfile Corp. - June 10, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LRLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has acquired a 100% right, title and interest in a package of 27 mineral claims (the "Property") totalling approximately 701.7 hectares in the Val-d'Or mining district within Québec's prolific Abitibi Gold Belt adjacent to the Company's McKenzie East Project. The Property was acquired from an arm's-length third party via a rights purchase agreement dated May 20, 2026 (the "Agreement").Transaction Highlights100% interest - Acquisition of a 100% right, title and interest in 27 mineral claims covering approximately 701.7 hectares.Strategic location - The claims lie within the Val-d'Or-Senneterre corridor of the Abitibi Gold Belt (NTS sheets 32C/05 Barraute and 32C/06 Senneterre), adjoining the Company's McKenzie East Project and Fresnillo's McKenzie Break Gold Project, within the same prolific mining district that hosts the Company's Swanson Gold Project and 100%-owned Beacon Gold Mill.The acquisition is consistent with LaFleur Mineral's strategy of consolidating ground at its McKenzie East Gold Project and acquiring prospective, district-scale ground in the Val-d'Or region of the Abitibi Gold Belt, where the Company is advancing its PEA-stage Swanson Gold Project and preparing its fully permitted Beacon Gold Mill for a return to gold production. The Property adds to the Company's growing land position in one of the most prolific gold-producing districts in the world at a modest cost."This is a strategic addition to our growing land position in the Val-d'Or mining district and McKenzie East Gold Project," said Marc Ducharme, P.Geo., Vice President of Exploration for LaFleur Minerals. "Consolidating prospective, historically explored ground in the heart of the Abitibi Gold Belt in the same belt as our Swanson Gold Project and Beacon Gold Mill is central to our district-scale strategy. The Property covers ground that hosts the historical Maruska gold showing within the Pascalis-Tiblemont batholith, and we look forward to compiling the available historical data and conducting aggressive exploration strategies and drilling potential historical targets as we continue to build long-term value for our shareholders."Swanson Gold Project Update - Drilling Continues to Deliver Promising ResultsBuilding on the success of its recent resource expansion drilling programs and positive Preliminary Economic Assessment ("PEA"), LaFleur Minerals is preparing to resume diamond drilling at the Swanson Gold Deposit to test the down-plunge and depth extensions of the mineralized system. Recent deep drilling at Swanson has confirmed the presence of a large-scale gold system that remains open at depth and along strike, returning broad intervals including 1.18 g/t Au over 255 metres, 1.65 g/t Au over 136 metres and 2.29 g/t Au over 68.3 metres (see LaFleur Minerals news release dated April 21, 2026), followed by additional strong results of 2.95 g/t Au over 80 metres and 2.37 g/t Au over 88 metres (see LaFleur Minerals news release dated May 12, 2026). These drill holes successfully extended gold mineralization hundreds of metres below the current pit-constrained resource and demonstrate continuity within the Swanson gold system. The upcoming drill program will target priority zones below the current resource model where recent drilling has highlighted the potential for higher-grade shoots and continued resource growth, supporting the Company's objective of expanding the mineral resource and advancing the Swanson Gold Deposit as a long-term source of mill feed for the fully permitted Beacon Gold Mill. Transaction DetailsUnder the terms of the Agreement, the Company acquired a 100% right, title and interest in the Property for total cash consideration of C$35,000. The consideration was satisfied in cash, and no securities of the Company were issued in connection with the acquisition. No finder's fee is payable in connection with the acquisition. The transaction is governed by the laws of the Province of Québec, and the claims are subject to customary assessment work obligations under Québec's Mining Act in order to be maintained in good standing. There is no NSR associated to this acquisition.About the PropertyThe Property consists of 27 map-designated cell claims covering approximately 701.7 hectares on NTS map sheets 32C/05 (Barraute) and 32C/06 (Senneterre), located approximately 30 kilometres northeast of Val-d'Or near Belcourt Township, in the La Vallée-de-l'Or regional county municipality of the Abitibi-Témiscamingue region of Québec. The claims sit within the Val-d'Or-Senneterre corridor of the Abitibi Greenstone Belt, one of the most prolific gold-producing regions in the world and are accessible via the regional road network connecting Val-d'Or and Senneterre. All claims are currently active and in good standing to June 12, 2027.Figure 1: McKenzie Break Project and McKenzie East Gold Project with Newly Acquired Claims PackageTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/300809_074a020f1496882d_001full.jpgNote: the source of the historical estimate on the McKenzie Break Project is a technical report completed in accordance with NI 43-101 with an effective date of February 1, 2021 and filed on SEDAR+ under Monarch Mining Corp. Please note that scientific and technical information including historical estimates disclosed on adjacent properties is not necessarily indicative of the mineralization on the Company's McKenzie East Project that is the subject of this news release.Geology and Exploration HistoryThe Property lies within the Pascalis-Tiblemont batholith in the eastern part of the Abitibi Subprovince of the Superior Province of the Canadian Shield and covers ground that hosts the historical Maruska gold showing. The batholith is composed predominantly of diorite, granodiorite and tonalite, and is bordered along its northern margin by the Manneville Deformation Corridor, a regional structure interpreted as the eastward extension of the Manneville Fault. Gold mineralization in the area has historically been described as free gold occurring within quartz veins and veinlets hosted by silicified and pyritized diorite and granodiorite, a structurally controlled, intrusion-hosted style of gold mineralization that occurs widely throughout the Abitibi Gold Belt.The Property has been the subject of intermittent historical exploration dating from the 1950s. Reported historical work includes ground electromagnetic and magnetometer surveys carried out between 1976 and 1991, the discovery of free gold in surface outcrop in 1989, and a surface stripping, trenching and channel/grab sampling program in 1990, which reported the presence of gold within quartz veins in the showing area. No drilling has been completed on the Property. This historical work was carried out by previous operators and is summarized in a NI 43-101 technical report dated September 9, 2021 prepared for the Vendor and filed on SEDAR+ under G.E.T.T. Gold's profile.Historical surface sampling reported gold within quartz veins hosted by diorite and granodiorite. Grab samples collected from the surface showing in 1989 were reported to return values up to 241.8 g/t gold and 97.2 g/t silver, with two further veins reported to return up to approximately 12.7 g/t gold and 6.7 g/t gold, respectively, and other samples across the outcrop reported to return anomalous values ranging from approximately 0.3 to 4.4 g/t gold. A total of 78 surface samples were reported to have been collected in 1989 and 1990. Cautionary Statements: The exploration information described above is historical in nature, was obtained from the Vendor's technical report with an effective date of September 9, 2021 and public assessment records prepared by or for previous owners of the Property and predates the Company's involvement. The Company's Qualified Person has not independently verified this historical information, and it should not be relied upon. The historical samples described above are grab and outcrop samples, which are selective in nature and are therefore not necessarily representative of the mineralization on the Property. Furthermore, values from grab samples can vary significantly and higher-grade samples are unlikely to reflect average grades. The historical results are not necessarily indicative of the results that may be obtained from future exploration, and the Company is not treating the historical information as current. The Property is an early-stage exploration property that does not contain any mineral resources or mineral reserves as defined under NI 43-101, and there is no assurance that exploration will result in the delineation of a mineral resource.Qualified Person StatementThe scientific and technical information disclosed in this news release was prepared and approved by Marc Ducharme, P.Geo. (OGQ), Vice President of Exploration for LaFleur Minerals and considered a Qualified Person under 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. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is over 200 km2 in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment ("PEA") results for the Company's Swanson Gold Project and the planned restart of the Beacon Gold Mill.ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer & Director
E: info @dayplayerNeither 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 new 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 are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding the Offering, the anticipated timing of closing the Offering, the ability of the Company to satisfy all conditions to closing of the Offering.Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. 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 applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300809 Original: LaFleur Minerals Acquires Additional Mineral Claims to Expand Its McKenzie East Gold Project in Quebec's Val-d'Or Mining District
CA Market News
2週前
LaFleur Announces Filing of Prospectus SupplementMay 29, 2026 6:30 AM
NewsfileNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATESFinal Short Form Base Shelf Prospectus and Prospectus Supplement are Accessible on SEDAR+Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LRLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company" or "Issuer") is pleased to announce that, further to its news releases of May 26 and 27, 2026, the Company has filed a prospectus supplement dated May 28, 2026 (the "Prospectus Supplement"), to the Company's corresponding short form base shelf prospectus dated May 21, 2026 (as supplemented by the Prospectus Supplement, the "Prospectus"). The Prospectus qualifies the distribution in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario (the "Offering Jurisdictions") by the Company of (i) 10,100,000 units of the Company (each, a "Unit") at a price of $0.50 per Unit (the "Unit Price"); and (ii) 5,022,883 charity flow-through units of the Company (each, a "Charity FT Unit" and collectively with the Units, the "Firm Units") at a price of $0.68 per Charity FT Unit (the "Charity FT Unit Price") (the "Offering"). Each Unit will consist of (i) one (1) common share in the capital of the Company (a "Unit Share") and one (1) common share purchase warrant of the Company (a "Unit Warrant"). Each Charity FT Unit will consist of: (i) one (1) common share in the capital of the Company; and (ii) one (1) common share purchase warrant of the Company (a "Charity FT Unit Warrant") issued as part of a charity arrangement. Each Unit Warrant and Charity FT Unit Warrant will be exercisable by the holder thereof to acquire one common share in the capital of the Company at an exercise price of $0.75 for a period of 36 months following the closing of the Offering (the "Closing Date").This Offering is made pursuant to an underwriting agreement dated May 28, 2026 (the "Underwriting Agreement") between the Company and Red Cloud Securities Inc., as sole underwriter and bookrunner (the "Underwriter"). The Company has granted to the Underwriter an option (the "Over-Allotment Option"), exercisable in whole or in part in the sole discretion of the Underwriter at any time on or before the date that is 30 days after the Closing Date, to purchase (or arrange for the purchase by substituted purchasers of) that number of additional Units (the "Additional Units") at the Unit Price and/or Charity FT Units (the "Additional Charity FT Units" and, together with the Additional Units, the "Additional Securities") at the Charity FT Unit Price (and any combination thereof) as is equal to 15% of the number of Firm Units sold under the Offering to cover over-allotments, if any, and for market stabilization purposes.Pursuant to the Underwriting Agreement, the Company has agreed to pay the Underwriter a cash commission equal to: (i) 7% of the gross proceeds of the Offering, including proceeds realized from the sale of any Additional Securities issued pursuant to the Over-Allotment Option, other than the gross proceeds raised from the sales of Firm Units or Additional Securities to "President's List" purchasers in the amount of up to $750,000 (each such sale, a "President's List Sale") and (ii) 3.5% of the gross proceeds raised from the President's List Sales. The Company has also agreed to issue to the Underwriter a number of common share purchase warrants (each, a "Compensation Warrant") equal to: (i) 7% of the number of Firm Units sold under the Offering, including for certainty any Additional Securities sold pursuant to the exercise of the Over-Allotment Option, other than Firm Units, including any Additional Securities, sold pursuant to President's List Sales; and (ii) 3.5% of the number of Firm Units sold under the Offering, including for certainty any Additional Securities sold pursuant to the exercise of the Over-Allotment Option, sold pursuant to President's List Sales. Each Compensation Warrant is exercisable into one common share in the capital of the Company (a "Compensation Warrant Share") at an exercise price of $0.50 per Compensation Warrant Share for a period of 36 months following the Closing Date or closing date of the Over-Allotment Option, as applicable.This Prospectus also qualifies the grant of the Over-Allotment Option, the distribution of the Additional Securities to be issued and sold upon exercise of the Over-Allotment Option and the distribution of the Compensation Warrants.Prospectus is Accessible through SEDAR+Access to the Prospectus and any amendment thereto is provided, and delivery thereof will be satisfied, in accordance with the "access equals delivery" provisions of applicable securities legislation, relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Prospectus is available under the Company's profile at www.sedarplus.ca. An electronic or paper copy of the Prospectus and any amendment to thereto may be obtained, without charge, from Red Cloud Securities Inc., attention: Victoria Ellis Hayes, 120 Adelaide St. West, 14th Floor, Toronto, Ontario, M5H 1T1, email: ecm@redcloudsecurities.com by providing the contact with an email address or address, as applicable. Prospective investors should read the Prospectus in its entirety before making an investment decision.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities referred to in this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.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. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 19,214 hectares (192 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment ("PEA") results for the Company's Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026).ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer & Director
E: info @dayplayerNeither 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 new 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 are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding the Offering, the anticipated timing of closing the Offering, the ability of the Company to satisfy all conditions to closing of the Offering.Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. 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 applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299359 Original: LaFleur Announces Filing of Prospectus Supplement
CA Market News
2週前
LaFleur Announces Upsize of Bought Deal Equity Offerings for Gross Proceeds of C$10 MillionMay 27, 2026 9:25 AM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESS Newswire / May 27, 2026 / LaFleur Minerals Inc. (CSE:LFLR)(OTCQB:LFLRF)(FSE:3WK0) ("LaFleur" or the "Company") is pleased to announce that due to significant investor demand, the Company and Red Cloud Securities Inc. ("Red Cloud"), as sole underwriter and bookrunner, have entered into an agreement to increase the aggregate gross proceeds of the Company's previously announced Offerings (as defined herein) from C$8,000,000 to C$10,000,000 (C$11,500,000 in aggregate gross proceeds assuming the Over-Allotment Option (as defined herein) and Underwriter's Option (as defined herein) are exercised in full).As previously announced, Red Cloud has agreed to purchase, with the right to arrange for substitute purchasers to purchase, the following in connection with a "bought deal" public offering (the "Underwritten Public Offering"):units of the Company (each, a "Unit") at a price of C$0.50 per Unit (the "Unit Price"), subject to the minimum sale of 10,000,000 Units for minimum gross proceeds of C$5,000,000 from the sale of Units; andflow-through units of the Company (each, a "Charity FT Unit") at a price of C$0.68 per Charity FT Unit.The Units and Charity FT Units shall collectively be referred to as the "Public Offering Securities".Each Unit will consist of (i) one common share of the Company (a "Unit Share") and (ii) one common share purchase warrant of the Company (each, a "Unit Warrant"). Each Charity FT Unit will consist of (i) one common share of the Company (each, a "Charity FT Share") and (ii) one common share purchase warrant of the Company (each, a "Charity FT Warrant"). Each Charity FT Share and each Charity FT Warrant comprising a Charity FT Unit will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Income Tax Act"). Each Unit Warrant and Charity FT Warrant shall entitle the holder to purchase one common share of the Company on a non-flow-through basis (each, a "Warrant Share") at a price of C$0.75 at any time on or before that date which is 36 months after the Closing Date (as defined below).The Company has granted Red Cloud an option (the "Over-Allotment Option", and together with the Underwritten Public Offering, the "Public Offering"), exercisable, in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to purchase for resale the number of additional Public Offering Securities equal to up to 15% of the number of Public Offering Securities sold pursuant to the Underwritten Public Offering at their respective offering prices to cover over allotments, if any, and for market stabilization purposes.Concurrently with the Underwritten Public Offering, the Company has engaged Red Cloud to act as sole underwriter and bookrunner in connection with a "bought deal" private placement (the "Underwritten Private Placement"), pursuant to which Red Cloud has agreed to purchase, with the right to arrange for substitute purchasers to purchase, flow-through units of the Company (each, a "FT Unit") at a price of C$0.57 per FT Unit (the "FT Unit Price"). Each FT Unit will consist of (i) one common share of the Company (each, a "FT Share") and (ii) one common share purchase warrant (each, a "FT Warrant"). Each FT Share and each FT Warrant comprising a FT Unit will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act. Each FT Warrant shall entitle the holder to purchase one Warrant Share at a price of C$0.75 at any time on or before that date which is 36 months after the Closing Date.The Company also grants Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the Underwritten Private Placement, to purchase for resale up to that number of additional FT Units that is equal to up to 15% of the FT Units issued pursuant to the Underwritten Private Placement at the FT Unit Price (the "Underwriter's Option"). The Underwritten Private Placement and the FT Units issuable upon exercise of the Underwriter's Option shall be collectively referred to as the "Private Placement". The Public Offering and the Private Placement shall collectively be referred to as the "Offerings".The net proceeds from the Offerings will be used by the Company for the commissioning and restart of gold production operations at the Company's wholly-owned Beacon Gold Mine, exploration programs on the Company's Swanson Gold Project in Québec as well as for working capital and general corporate purposes.The gross proceeds from the sale of Charity FT Units and FT Units will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (the "Qualifying Expenditures") related to the Company's Swanson Gold Project on or before December 31, 2027. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units and Charity FT Units effective December 31, 2026.In connection with the Public Offering, the Company intends to file a prospectus supplement (the "Supplement") to the Company's short form base shelf prospectus dated May 21, 2026 (the "Shelf Prospectus"), to qualify the distribution of the Public Offering Securities, with the securities regulatory authorities in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. The Units may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and in such other jurisdictions outside of Canada and the United States, as may be approved by the Company, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.The FT Units will be offered by way of the "accredited investor" and "minimum amount investment" exemptions under National Instrument 45-106 - Prospectus Exemptions in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan, Ontario and Québec. The securities issuable from the sale of FT Units will be subject to a hold period in Canada ending on the date that is four months plus one day following the Closing Date as defined in Subsection 2.5(2) of National Instrument 45-102 - Resale of Securities.Copies of the applicable offering documents, when available, can be obtained free of charge under the Company's profile on SEDAR+ at www.sedarplus.ca. Delivery of the Base Shelf Prospectus and the Prospectus Supplement and any amendments thereto will be satisfied in accordance with the "access equals delivery" provisions of applicable Canadian securities legislation.The Base Shelf Prospectus and the Prospectus Supplement will contain important detailed information about the Company and the Public Offering. Prospective investors should read the Prospectus Supplement and the accompanying Base Shelf Prospectus and the other documents the Company has filed on SEDAR+ at www.sedarplus.ca before making an investment decision.The closing of the Offerings is expected to occur on or around June 9, 2026 (the "Closing Date"), or on such date as agreed upon between the Company and Red Cloud. Completion of the Offerings is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange and the entering into underwriting agreements among the Company and Red Cloud.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities referred to in this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.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. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 19,214 hectares (192 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment ("PEA") results for the Company's Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026).ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer & Director
E:
CA Market News
2週前
LaFleur Announces Bought Deal Equity Offerings for Gross Proceeds of C$8 MillionMay 26, 2026 4:15 PM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESS Newswire / May 26, 2026 / LaFleur Minerals Inc. (CSE:LFLR)(OTCQB:LFLRF)(FSE:3WK0) ("LaFleur" or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud"), as sole underwriter and bookrunner, pursuant to which Red Cloud has agreed to purchase for resale the following in connection with a "bought deal" public offering (the "Underwritten Public Offering"):units of the Company (each, a "Unit") at a price of C$0.50 per Unit (the "Unit Price"), subject to the minimum sale of 10,000,000 Units for minimum gross proceeds of C$5,000,000 from the sale of Units; andflow-through units of the Company to be sold to charitable purchasers (each, a "Charity FT Unit") at a price of C$0.68 per Charity FT Unit.The Units and Charity FT Units shall collectively be referred to as the "Public Offering Securities".Each Unit will consist of (i) one common share of the Company (a "Unit Share") and (ii) one common share purchase warrant (each, a "Unit Warrant"). Each Charity FT Unit will consist of (i) one common share of the Company (each, a "Charity FT Share") and (ii) one common share purchase warrant (each, a "Charity FT Warrant"). Each Charity FT Share and each Charity FT Warrant comprising a Charity FT Unit will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Income Tax Act"). Each Unit Warrant and Charity FT Warrant shall entitle the holder to purchase one common share of the Company on a non-flow-through basis (each, a "Warrant Share") at a price of C$0.75 at any time on or before that date which is 36 months after the Closing Date (as defined below).The Company has granted Red Cloud an option (the "Over-Allotment Option", and together with the Underwritten Public Offering, the "Public Offering"), exercisable, in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to purchase for resale the number of additional Public Offering Securities equal to up to 15% of the number of Public Offering Securities sold pursuant to the Underwritten Public Offering at their respective offering prices to cover over allotments, if any, and for market stabilization purposes.Concurrently with the Underwritten Public Offering, the Company has engaged Red Cloud to act as sole underwriter and bookrunner in connection with a "bought deal" private placement (the "Underwritten Private Placement"), pursuant to which Red Cloud has agreed to purchase for resale flow-through units of the Company (each, a "FT Unit") at a price of C$0.57 per FT Unit (the "FT Unit Price"). Each FT Unit will consist of (i) one common share of the Company (each, a "FT Share") and (ii) one common share purchase warrant (each, a "FT Warrant"). Each FT Share and each FT Warrant comprising a FT Unit will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act. Each FT Warrant shall entitle the holder to purchase one Warrant Share at a price of C$0.75 at any time on or before that date which is 36 months after the Closing Date.The Company also grants Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the Underwritten Private Placement, to purchase for resale up to that number of additional FT Units that is equal to up to 15% of the FT Units issued pursuant to the Underwritten Private Placement at the FT Unit Price (the "Underwriter's Option"). The Underwritten Private Placement and the FT Units issuable upon exercise of the Underwriter's Option shall be collectively referred to as the "Private Placement". The Public Offering and the Private Placement shall collectively be referred to as the "Offerings".An aggregate of C$8,000,000 in gross proceeds will be raised from the Underwritten Public Offering and Underwritten Private Placement (C$9,200,000 in aggregate gross proceeds assuming the Over-Allotment Option and Underwriter's Option are exercised in full).The net proceeds from the Offerings will be used by the Company for the commissioning and restart of gold production operations at the Company's wholly-owned Beacon Gold Mine, exploration programs on the Company's Swanson Gold Project in Québec as well as for working capital and general corporate purposes.The gross proceeds from the sale of Charity FT Units and FT Units will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (the "Qualifying Expenditures") related to the Company's Swanson Gold Project on or before December 31, 2027. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units and Charity FT Units effective December 31, 2026.In connection with the Public Offering, the Company intends to file a prospectus supplement (the "Supplement") to the Company's short form base shelf prospectus dated May 21, 2026 (the "Shelf Prospectus"), with the securities regulatory authorities in each of the provinces and territories of Canada (except Québec). The Units may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.The FT Units will be offered by way of the "accredited investor" and "minimum amount investment" exemptions under National Instrument 45-106 - Prospectus Exemptions in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan, Ontario and Québec. The securities issuable from the sale of FT Units will be subject to a hold period in Canada ending on the date that is four months plus one day following the Closing Date as defined in Subsection 2.5(2) of Multilateral Instrument 45-102 - Resale of Securities.Copies of the applicable offering documents, when available, can be obtained free of charge under the Company's profile on SEDAR+ at www.sedarplus.ca. Delivery of the Base Shelf Prospectus and the Prospectus Supplement and any amendments thereto will be satisfied in accordance with the "access equals delivery" provisions of applicable Canadian securities legislation.The Base Shelf Prospectus and the Prospectus Supplement will contain important detailed information about the Company and the Public Offering. Prospective investors should read the Prospectus Supplement and the accompanying Base Shelf Prospectus and the other documents the Company has filed on SEDAR+ at www.sedarplus.ca before making an investment decision.The closing of the Offerings is expected to occur on or around June 9, 2026 (the "Closing Date"), or on such date as agreed upon between the Company and Red Cloud. Completion of the Offerings is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange and the entering into underwriting agreements among the Company and Red Cloud.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities referred to in this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.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. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 19,214 hectares (192 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment ("PEA") results for the Company's Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026).ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer & Director
E:
CA Market News
2月前
RETRANSMISSION - Drilling at Swanson Gold Deposit Confirms Large-Scale Gold Discovery with 1.18 g/t Au over 255.04 metres and 1.65 g/t Au over 136.01 metresApril 22, 2026 2:22 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to report the results from its drilling to date at the Swanson Gold Project, highlighting new gold discovery zones with the presence of broad, continuous zones of gold mineralization that extend well below the limits of the current resource model, expanding and confirming the potential for a large-scale gold system. Four (4) diamond drill holes, completed between vertical depths of approximately 300 and 450 metres and spaced over a 120-metre strike length, were specifically designed to test the down-dip continuity of the Swanson Gold Deposit. These results confirm that the new gold discovery mineralized system remains robust at depth and continues to expand beyond the existing 2026 Mineral Resource Estimate envelope (refer to press release dated March 3, 2026).DRILLING HIGHLIGHTS2.29 g/t Au over 68.30 metres (SW-25-079) 1.18 g/t Au over 255.04 metres (SW-25-080)1.65 g/t Au over 136.1 metres (SW-25-081)The drilling has successfully intersected significant widths of gold mineralization, including 1.18 g/t Au over 255.04 metres (SW-25-080) and 1.65 g/t Au over 136.01 metres (SW-25-081), demonstrating the presence of broad mineralized halos at depth. Notably with a higher grade, drill hole SW-25-079 returned 2.29 g/t Au over 68.30 metres, further supporting the continuity and strength of the system. In addition to these wide intervals, isolated high-grade zones were encountered, including assays of up to 86.8 g/t Au over 1.0 metre, occurring outside of the currently defined mineralized envelopes and suggesting potential for additional high-grade shoots.These drill holes follow on LaFleur's most recent assays results (refer to press release dated February 4, 2026), which included:2.05 g/t Au over 158.25 metres (SW-25-066)1.15 g/t Au over 80.3 metres (SW-25-073)1.37 g/t Au over 80.8 metres (SW-25-074)2.97 g/t Au over 66.0 metres, including 91.1 g/t Au over 1.5 metres (SW-25-075)3.15 g/t Au over 51.4 metres, including 92.9 g/t Au over 0.75 metres (SW-25-077)The current drill holes provide critical insight into the geometry and plunge of the mineralized zones, significantly enhancing the Company's geological understanding of the deposit. The results indicate that mineralization is not only continuous but remains open both at depth and along strike, reinforcing the strong expansion potential of the Swanson system. Visible gold observed in several of the holes further supports the possibility of high-grade shoots of the mineralization at depth.With these latest results, the Swanson Gold Deposit can now be traced over approximately 275 metres along strike, with an average horizontal width of 150 metres and extending to depths exceeding 300 metres. The success of this deep drilling program underscores the scale of the mineralized system and will directly inform future drill targeting as LaFleur Minerals continues to evaluate the full potential of the Swanson Gold Project, located in the prolific Abitibi Greenstone Belt near Val-d'Or, Québec. "These are very encouraging and mark a significant milestone for the Swanson Gold Project," said Paul Ténière, CEO and Director of LaFleur Minerals. "Intersecting such broad zones of consistent gold mineralization at these grades and intercepts clearly demonstrates the scale and continuity of the system. Importantly, these holes not only extend the deposit beyond the current resource envelope but also highlight the presence of higher-grade zones that could enhance the overall economics of the project. With mineralization remaining open at depth and along strike, we believe Swanson has the potential to evolve into a much larger gold system than previously defined."Further drilling is ongoing on the property, and additional updates will be provided by the Company as results become available. The Company has also recently completed a drill program of eight (8) drill holes in the area of the known mineralization of the Swanson Gold Deposit, to further test large gaps in the information and increase the current Mineral Resource Estimate. Drilling has identified visible gold, sulphide mineralization and alteration similar to what has previously been recognized as hosting gold mineralization, with assay results are pending. The fully funded and permitted drill program targets priority areas identified through extensive historical data compilation and recent fieldwork includes the Swanson Gold Deposit, as well as the Bartec, Jolin, and Marimac target zones. Both the Bartec and Jolin areas are reported in SIGEOM as containing historical mineral resources and will be followed up with diamond drilling. It is expected that both Jolin and Bartec, as well as other discoveries on the property could serve as satellite feed for the Beacon Mill. Several drill holes were completed in the area of Jolin deposit before spring breakup conditions to confirm the existing mineralization as well as testing targets developed from prospecting and soil sampling outside of the limits of the Jolin deposit. Figure 1: Longitudinal of Swanson Gold Deposit
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https://images.newsfilecorp.com/files/6526/293821_d4839221a4c3cb6c_001full.jpgFigure 2: Cross Section of Swanson Gold Deposit
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https://images.newsfilecorp.com/files/6526/293821_d4839221a4c3cb6c_002full.jpgFigure 3: Plan View of Swanson Deposit
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https://images.newsfilecorp.com/files/6526/293821_d4839221a4c3cb6c_003full.jpgTable 1: Drill Collar LocationsHole-IDUTM - EastUTM - NorthAzimuth DipLengthSW-25-0793107755381402177.84-59.92603SW-25-0803108255381387175.96-60.97669SW-25-0813108755381377177.94-60.2625SW-25-0833107255381402177.98-60.15589Drill Collar Coordinates in NAD83, Zone 18Table 2: Significant assay results table from drilling at LaFleurHole-IDFrom (m)To (m)Length (m)Au (g/t)SW-25-079214.50216.001.500.98SW-25-079338.55406.8568.302.29Incl.354.00370.5016.502.63Incl.374.50375.501.008.67Incl.385.10386.501.4015.70Incl.393.65398.604.955.34SW-25-079483.30484.501.200.81SW-25-080313.30314.020.725.33SW-25-080330.68331.500.821.42SW-25-080340.96596.00255.041.18Incl.340.96359.0018.042.39and389.88394.004.124.13and461.74495.6033.863.11and587.00588.001.0044.40SW-25-080623.00624.001.0086.80SW-25-081259.33260.501.175.75SW-25-081265.00269.004.001.34SW-25-081312.90313.500.607.47SW-25-081326.00462.10136.101.65Incl326.00327.851.854.31and334.00335.001.003.63and384.00438.6554.652.54and460.60462.101.5011.10SW-25-081493.20501.708.501.16Incl500.10501.701.604.19SW-25-081523.00523.500.501.47SW-25-083212.50214.552.052.70SW-25-083366.50368.001.501.34SW-25-083384.80386.701.901.71SW-25-083425.50429.504.001.22and429.00429.500.505.88SW-25-083509.50510.501.000.99Reported intervals are drilled core lengths (true widths have not yet been determined)Mr. Kal Malhi, Chairman of LaFleur Minerals states, "LaFleur has intersected some of the strongest and widest gold mineralization to date at its Swanson Gold Project, indicating the presence of broad zones of gold mineralization extending beyond the limits of the current open pit resource at the Swanson Gold Deposit and highlighting the emergence of a potentially much larger, high-growth gold system with compelling expansion potential. Swanson Gold Projects is one of the largest gold projects in the Val-D'or region at over 190 square kilometres, and our ongoing drilling results provide us with immense confidence on the size and grades that we are finding at our Swanson extension gold discoveries."LaFleur also announces that it has granted incentive stock options ("Options") to management and consultants of the Company to acquire an aggregate of 2,500,000 common shares at $0.65 per share, for a period of three years. These Options have been granted in accordance with the Company's stock option plan.Cautionary Statement
The Preliminary Economic Assessment referenced herein is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the PEA will be realized.This press release includes references to visual observations of mineralization encountered in drill core. Such observations are preliminary in nature and should not be relied upon as a substitute for laboratory analytical results. The presence, nature, and extent of mineralization, including the content of gold or other metals, cannot be determined solely by visual inspection.Visible mineralization, including sulphides or visible gold, does not necessarily indicate the grade or continuity of mineralization and may not be representative of the overall mineralized interval. Assay results are required to determine the actual grade and thickness of mineralization and may differ materially from visual estimates.Accordingly, the Company cautions investors that any references to visible mineralization should not be interpreted as an indication of mineral grade or economic viability until such time as assay results have been received and verified.This press release may also reference historical mineral resource estimates. These estimates are considered relevant as they provide an indication of the exploration potential of the property; however, they were prepared by previous operators and have not been verified by the Company's Qualified Person. The historical estimates were not prepared in accordance with current standards as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and should not be relied upon.A Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves, and the Company is not treating the historical estimates as current mineral resources or mineral reserves. Additional work, including verification drilling, sampling, and data validation, would be required to upgrade or verify these historical estimates as current mineral resources.Qualified Person Statement
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 of the Company and considered a Qualified Person (QP) 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. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 19,214 hectares (192 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment ("PEA") results for the Company's Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026).ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer & Director
E: info @dayplayerLaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Website: www.lafleurminerals.com | LinkedIn | Twitter/X | InstagramNeither 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" InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the results of the Preliminary Economic Assessment ("PEA") on the Swanson Gold Project, the contemplated refurbishment and restart of the Beacon Gold Mill, projected production rates, mine life, capital and operating costs, economic returns (including NPV and IRR), development timelines, permitting, financing and other economic and technical parameters. Forward-looking statements are generally identified by words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", and similar expressions.The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA results will be realized.Forward-looking statements are based on a number of assumptions, including with respect to Mineral Resource estimates, gold prices, exchange rates, capital and operating costs, metallurgical recoveries, the ability to obtain required approvals, the availability of financing, and the successful refurbishment and operation of the Beacon Gold Mill. Actual results may differ materially due to risks and uncertainties, including those related to resource estimation, cost escalation, commodity price fluctuations, permitting, financing, operational risks and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update such statements.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293821
Original: RETRANSMISSION - Drilling at Swanson Gold Deposit Confirms Large-Scale Gold Discovery with 1.18 g/t Au over 255.04 metres and 1.65 g/t Au over 136.01 metres
CA Market News
2月前
Drilling at Swanson Gold Deposit Confirms Large-Scale Gold Discovery with 1.18 g/t Au over 255.04 metres and 1.65 g/t Au over 136.01 metresApril 21, 2026 10:38 AM
InvestorsHub NewsWireDrilling at Swanson Gold Deposit Confirms Large-Scale Gold Discovery with 1.18 g/t Au over 255.04 metres and 1.65 g/t Au over 136.01 metresVANCOUVER, BC - April 21, 2026, LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to report the results from its drilling to date at the Swanson Gold Project, highlighting new gold discovery zones with the presence of broad, continuous zones of gold mineralization that extend well below the limits of the current resource model, expanding and confirming the potential for a large-scale gold system. Four (4) diamond drill holes, completed between vertical depths of approximately 300 and 450 metres and spaced over a 120-metre strike length, were specifically designed to test the down-dip continuity of the Swanson Gold Deposit. These results confirm that the new gold discovery mineralized system remains robust at depth and continues to expand beyond the existing 2026 Mineral Resource Estimate envelope (refer to press release dated March 3, 2026).DRILLING HIGHLIGHTS2.29 g/t Au over 68.30 metres (SW-25-079) 1.18 g/t Au over 255.04 metres (SW-25-080)1.65 g/t Au over 136.1 metres (SW-25-081)The drilling has successfully intersected significant widths of gold mineralization, including 1.18 g/t Au over 255.04 metres (SW-25-080) and 1.65 g/t Au over 136.01 metres (SW-25-081), demonstrating the presence of broad mineralized halos at depth. Notably with a higher grade, drill hole SW-25-079 returned 2.29 g/t Au over 68.30 metres, further supporting the continuity and strength of the system. In addition to these wide intervals, isolated high-grade zones were encountered, including assays of up to 86.8 g/t Au over 1.0 metre, occurring outside of the currently defined mineralized envelopes and suggesting potential for additional high-grade shoots.These drill holes follow on LaFleur's most recent assays results (refer to press release dated February 4, 2026), which included:2.05 g/t Au over 158.25 metres (SW-25-066)1.15 g/t Au over 80.3 metres (SW-25-073)1.37 g/t Au over 80.8 metres (SW-25-074)2.97 g/t Au over 66.0 metres, including 91.1 g/t Au over 1.5 metres (SW-25-075)3.15 g/t Au over 51.4 metres, including 92.9 g/t Au over 0.75 metres (SW-25-077)The current drill holes provide critical insight into the geometry and plunge of the mineralized zones, significantly enhancing the Company's geological understanding of the deposit. The results indicate that mineralization is not only continuous but remains open both at depth and along strike, reinforcing the strong expansion potential of the Swanson system. Visible gold observed in several of the holes further supports the possibility of high-grade shoots of the mineralization at depth.With these latest results, the Swanson Gold Deposit can now be traced over approximately 275 metres along strike, with an average horizontal width of 150 metres and extending to depths exceeding 300 metres. The success of this deep drilling program underscores the scale of the mineralized system and will directly inform future drill targeting as LaFleur Minerals continues to evaluate the full potential of the Swanson Gold Project, located in the prolific Abitibi Greenstone Belt near Val-d'Or, Québec.Top of FormBottom of Form "These are very encouraging and mark a significant milestone for the Swanson Gold Project," said Paul Ténière, CEO and Director of LaFleur Minerals. "Intersecting such broad zones of consistent gold mineralization at these grades and intercepts clearly demonstrates the scale and continuity of the system. Importantly, these holes not only extend the deposit beyond the current resource envelope but also highlight the presence of higher-grade zones that could enhance the overall economics of the project. With mineralization remaining open at depth and along strike, we believe Swanson has the potential to evolve into a much larger gold system than previously defined."Further drilling is ongoing on the property, and additional updates will be provided by the Company as results become available. The Company has also recently completed a drill program of eight (8) drill holes in the area of the known mineralization of the Swanson Gold Deposit, to further test large gaps in the information and increase the current Mineral Resource Estimate. Drilling has identified visible gold, sulphide mineralization and alteration similar to what has previously been recognized as hosting gold mineralization, with assay results are pending. The fully funded and permitted drill program targets priority areas identified through extensive historical data compilation and recent fieldwork includes the Swanson Gold Deposit, as well as the Bartec, Jolin, and Marimac target zones. Both the Bartec and Jolin areas are reported in SIGEOM as containing historical mineral resources and will be followed up with diamond drilling. It is expected that both Jolin and Bartec, as well as other discoveries on the property could serve as satellite feed for the Beacon Mill. Several drill holes were completed in the area of Jolin deposit before spring breakup conditions to confirm the existing mineralization as well as testing targets developed from prospecting and soil sampling outside of the limits of the Jolin deposit. Figure 1: Longitudinal of Swanson Gold DepositFigure 2: Cross Section of Swanson Gold DepositFigure 3: Plan View of Swanson Deposit Table 1: Drill Collar LocationsHole-IDUTM - EastUTM - NorthAzimuth DipLengthSW-25-0793107755381402177.84-59.92603SW-25-0803108255381387175.96-60.97669SW-25-0813108755381377177.94-60.2625SW-25-0833107255381402177.98-60.15589Drill Collar Coordinates in NAD83, Zone 18 Table 2: Significant assay results table from drilling at LaFleurHole-IDFrom (m)To (m)Length (m)Au (g/t)SW-25-079214.50216.001.500.98SW-25-079338.55406.8568.302.29Incl.354.00370.5016.502.63Incl.374.50375.501.008.67Incl.385.10386.501.4015.70Incl.393.65398.604.955.34SW-25-079483.30484.501.200.81SW-25-080313.30314.020.725.33SW-25-080330.68331.500.821.42SW-25-080340.96596.00255.041.18Incl.340.96359.0018.042.39and389.88394.004.124.13and461.74495.6033.863.11and587.00588.001.0044.40SW-25-080623.00624.001.0086.80SW-25-081259.33260.501.175.75SW-25-081265.00269.004.001.34SW-25-081312.90313.500.607.47SW-25-081326.00462.10136.101.65Incl326.00327.851.854.31and334.00335.001.003.63and384.00438.6554.652.54and460.60462.101.5011.10SW-25-081493.20501.708.501.16Incl500.10501.701.604.19SW-25-081523.00523.500.501.47SW-25-083212.50214.552.052.70SW-25-083366.50368.001.501.34SW-25-083384.80386.701.901.71SW-25-083425.50429.504.001.22and429.00429.500.505.88SW-25-083509.50510.501.000.99Reported intervals are drilled core lengths (true widths have not yet been determined) Mr. Kal Malhi, Chairman of LaFleur Minerals states" LaFleur has intersected some of the strongest and widest gold mineralization to date at its Swanson Gold Project, indicating the presence of broad zones of gold mineralization extending beyond the limits of the current open pit resource at the Swanson Gold Deposit and highlighting the emergence of a potentially much larger, high-growth gold system with compelling expansion potential. Swanson Gold Projects is one of the largest gold projects in the Val-D'or region at over 190 square kilometres, and our ongoing drilling results provide us with immense confidence on the size and grades that we are finding at our Swanson extension gold discoveries."Cautionary StatementThe Preliminary Economic Assessment referenced herein is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the PEA will be realized. This press release includes references to visual observations of mineralization encountered in drill core. Such observations are preliminary in nature and should not be relied upon as a substitute for laboratory analytical results. The presence, nature, and extent of mineralization, including the content of gold or other metals, cannot be determined solely by visual inspection. Visible mineralization, including sulphides or visible gold, does not necessarily indicate the grade or continuity of mineralization and may not be representative of the overall mineralized interval. Assay results are required to determine the actual grade and thickness of mineralization and may differ materially from visual estimates.Accordingly, the Company cautions investors that any references to visible mineralization should not be interpreted as an indication of mineral grade or economic viability until such time as assay results have been received and verified. This press release may also reference historical mineral resource estimates. These estimates are considered relevant as they provide an indication of the exploration potential of the property; however, they were prepared by previous operators and have not been verified by the Company's Qualified Person. The historical estimates were not prepared in accordance with current standards as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and should not be relied upon. A Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves, and the Company is not treating the historical estimates as current mineral resources or mineral reserves. Additional work, including verification drilling, sampling, and data validation, would be required to upgrade or verify these historical estimates as current mineral resources. Qualified Person StatementAll scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) 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. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 19,214 hectares (192 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment ("PEA") results for the Company's Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026). ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer & Director
E: info@lafleurminerals.comT: 1(604) 805-4602 LaFleur Minerals Inc.1500-1055 West Georgia StreetVancouver, BC V6E 4N7Website: www.lafleurminerals.com | LinkedIn | Twitter/X | Instagram 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" InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the results of the Preliminary Economic Assessment ("PEA") on the Swanson Gold Project, the contemplated refurbishment and restart of the Beacon Gold Mill, projected production rates, mine life, capital and operating costs, economic returns (including NPV and IRR), development timelines, permitting, financing and other economic and technical parameters. Forward-looking statements are generally identified by words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", and similar expressions.The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA results will be realized.Forward-looking statements are based on a number of assumptions, including with respect to Mineral Resource estimates, gold prices, exchange rates, capital and operating costs, metallurgical recoveries, the ability to obtain required approvals, the availability of financing, and the successful refurbishment and operation of the Beacon Gold Mill. Actual results may differ materially due to risks and uncertainties, including those related to resource estimation, cost escalation, commodity price fluctuations, permitting, financing, operational risks and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update such statements.
Original: Drilling at Swanson Gold Deposit Confirms Large-Scale Gold Discovery with 1.18 g/t Au over 255.04 metres and 1.65 g/t Au over 136.01 metres
CA Market News
2月前
LaFleur and Trafigura Enter into Term Sheet for C$30 Million Prepayment Facility and Gold Offtake AgreementApril 16, 2026 6:55 AM
InvestorsHub NewsWireLaFleur and Trafigura Enter into Term Sheet for C$30 Million Prepayment Facility and Gold Offtake Agreement
Proposed non-dilutive financing and long-term offtake to support planned restart of gold production in the Abitibi
VANCOUVER, BC – April 15, 2026, LaFleur Minerals Inc. (CSE:LFLR, OTCQB:LFLRF, FSE: 3WK0) (“LaFleur Minerals” or the “Company”) is pleased to announce it has selected Trafigura Canada Limited or one of its affiliates (“Trafigura”) to arrange and provide a prepayment financing facility of up to C$30 million (the "Prepayment Facility") and gold doré purchase agreement (the "Offtake Agreement") for the proposed development of the Swanson Gold Deposit and processing operations at the Company’s wholly-owned Beacon Gold Mill, located in Val-d’Or, Québec (“the Project”), subject to definitive documentation, due diligence and closing conditions.
Key Points:
• Trafigura has entered into an arrangement with LaFleur for a Prepayment Facility and Gold Doré Offtake arrangement (together, the "Proposed Agreements"). The Proposed Agreements remain subject to the execution of definitive documentation and the satisfaction of relevant conditions precedent, including the completion of Trafigura’s due diligence and receipt of applicable internal approvals.
• The proposed C$30 million Prepayment Facility has no commodity price hedging requirements and will underpin required funding for LaFleur’s processing facility operations and ramp-up towards a targeted processing capacity of 1,250 tonnes per day (tpd) at the Beacon Gold Mill and development work at the Swanson Gold Deposit.
• The Proposed Agreements represent a pathway to establishing key commercial contracts that will facilitate Project development by combining a credit facility and production offtake with a single, globally recognized counterparty on commercial terms that are attractive to the Company. Under the Proposed Agreements, Trafigura will have right of first refusal to participate in further funding to expand capacity at the Beacon Gold Mill to a proposed 3,000-4,000 tpd, as outlined in the Company’s recently completed positive Preliminary Economic Assessment (“PEA”) (refer to the Company’s PEA NI43-101 Technical Report dated March 16, 2026).
• Technical, financial and legal due diligence will commence and run for up to (60) sixty days.
Chairman of LaFleur Minerals Kal Malhi, commented:
“The strong level of non-dilutive financing interest that LaFleur has garnered over the past months, and the recent publishing of our PEA on the Beacon Gold Mill production verify a state of readiness for the Beacon Gold Mill, which currently has a 750 tpd capacity, and the potential of our Swanson Gold Deposit. The Project’s value is further augmented by additional regional roll up potential, as its location is within a twenty-minute drive from the town of Val d’Or, a region globally renowned for gold projects that bolsters a skilled mining labour force.”
Following an extremely competitive process, the Company has selected Trafigura as our chosen financing provider and offtaker to advance the Beacon Gold Mill towards 3,000-4,000 tpd capacity. Beyond the proposed Prepayment Facility, which includes an initial tranche of up to C$15 million,LaFleur has agreed to grant Trafigura a right of first refusal on subsequent funding as the Company continues to upgrade its Beacon Gold Mill capacity.
Chief Executive Officer of LaFleur Minerals, Paul Ténière, commented:
”The last quarter has been an extremely busy time full of major developments for LaFleur and also a run in the price of gold from the US$4,000 range in 2025, to a high of US$5,400 and now volatile trading in the US$4,500-$5,000/ounce range. Our Preliminary Economic Assessment is based on an AISC of US$1,569/oz gold and calculated on a base case $2,750/oz gold, with compelling economics outlining an after-tax IRR of 65% and C$101 million NPV (5%), which has attracted several serious well established investment groups. We are delighted to be collaborating with Trafigura as our chosen financing provider and offtaker for the Beacon Gold Mill and are excited to execute this first agreement and subsequent agreements as we continue to add circuits and capacity at the Beacon Gold Mill and plan for first gold pour in Q2 2026. The combination of a long-term offtake and non-dilutive financing aligns well with our strategy to restart the Beacon Gold Mill and advance the Swanson Gold Deposit while preserving shareholder value.”
Figure 1: Inside Beacon Gold Mill (Gold pour room)
Conditions and Exclusivity Status
The Proposed Agreements remain subject to Trafigura’s due diligence, and receipt of all necessary approvals including legal and credit assessment and compliance with applicable regulatory requirements.
The parties have agreed to proceed on an exclusive basis during the due diligence period, and the Company expects to complete due diligence and negotiate definitive agreements in the coming months.
The transaction remains subject to Canadian Securities Exchange approval, if required.
Cautionary Statement
The Preliminary Economic Assessment referenced herein is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the PEA will be realized.
Qualified Person Statement
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 of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101.
Engagement of Marketing and/or Investor Relations Firms
The Company is also pleased to announce various strategic marketing and investor relations engagements (the “Engagements”) with arms-length independent contractors and agencies, with the aim of developing the Company’s communication strategy and strengthening exposure to a wider audience.
Global One Media Group Pte. Ltd.
A media agency agreement dated March 27, 2026, has been executed by the Company with Global One Media Group Pte. Ltd. (“Global One”) (the "Global One Service Agreement"), a global investor marketing and media firm, to support the Company’s digital investor communications strategy. Under the engagement, Global One Media will assist the Company with the production of digital investor content, including video interviews and related corporate communications, and the distribution of such content through digital channels and media platforms, with the objective of increasing the Company’s visibility among investors across key global markets. Global One will provide its services for a period of at least 3 months then on a month-to-month basis, which began on or around April 1, 2026. In accordance with the terms and conditions of the Global One Service Agreement and as consideration for the services provided by Global One, the Company has agreed to pay Global One a cash fee of USD $6,000 on a monthly basis plus GST to be added where applicable. Global One and its principals are arm's length from the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right or intent to acquire such an interest. Global One's business is located at 8 Marina Boulevard, #11-01 Marina Bay Financial Centre Tower 1 Singapore 018981, and the contact information is as follows:
Tel: +1 (877) 219-2281
Website: www.globalonemedia.com
Email at contact@globalonemedia.com
Emerging Growth, LLC
A media agency agreement dated April 2, 2026, has been executed by the Company with Emerging Growth, LLC doing business as TDM Financial (“TDM Financial” or “CFN Media”) (the "TDM Financial Service Agreement"), a U.S.-based firm specializing in investor-focused marketing and communications. Under the terms of the agreement, TDM Financial will execute a comprehensive investor outreach and awareness campaign over a six-month period commencing on April 2, 2026. The campaign is designed to reach a broad audience of highly targeted investors across the United States and Canada through a combination of digital media channels and social platforms. Key elements of the campaign include distribution of sponsored, native-style content across leading financial websites and investor-focused social media platforms, including X (formerly Twitter), Reddit, TikTok, and LinkedIn, and the development and production of multimedia content, including videos, infographics, and editorial articles tailored to communicate the Company’s corporate story and growth strategy. In accordance with the terms and conditions of the TDM Financial Service Agreement and as consideration for the services provided by TDM Financial, the Company has agreed to pay TDM Financial a total cash consideration of USD $26,667, payable in installments over the duration of the agreement. TDM Financial and its principals are arm's length from the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right or intent to acquire such an interest. TDM Financial’s business is located at 600 E. 8th St., Whitefish, MT, USA 59937, and the contact information is as follows:
Tel: 1 (206) 369-7050
Website: https://www.tdmfinancial.com
Email at flane@cfnmedia.com
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. The Company’s mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 19,214 hectares (192 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment (“PEA”) results for the Company’s Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026).
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer & Director
E: info@lafleurminerals.com
T: 1(604) 805-4602
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Website: www.lafleurminerals.com | LinkedIn | Twitter/X | Instagram
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 contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the results of the Preliminary Economic Assessment (“PEA”) on the Swanson Gold Project, the contemplated refurbishment and restart of the Beacon Gold Mill, projected production rates, mine life, capital and operating costs, economic returns (including NPV and IRR), development timelines, permitting, financing and other economic and technical parameters. Forward-looking statements are generally identified by words such as “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, and similar expressions.
The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA results will be realized.
Forward-looking statements are based on a number of assumptions, including with respect to Mineral Resource estimates, gold prices, exchange rates, capital and operating costs, metallurgical recoveries, the ability to obtain required approvals, the availability of financing, and the successful refurbishment and operation of the Beacon Gold Mill. Actual results may differ materially due to risks and uncertainties, including those related to resource estimation, cost escalation, commodity price fluctuations, permitting, financing, operational risks and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update such statements.
Original: LaFleur and Trafigura Enter into Term Sheet for C$30 Million Prepayment Facility and Gold Offtake Agreement
CA Market News
3月前
LaFleur Minerals Files PEA Technical Report Supporting Restart of Gold Production at Beacon Gold Mill, QuébecMarch 27, 2026 10:56 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce the filing of an independent technical report (the "Report"), prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), supporting the results of the Preliminary Economic Assessment ("PEA") for the Company's 100%-owned Swanson Gold Deposit and Beacon Gold Mill, located in the Abitibi Gold Belt of Québec (the "Project").The Report, titled "Swanson Gold Project - Preliminary Economic Assessment of Delivering Swanson Deposit Mineralized Material to the Beacon Mill Located in Val-d'Or, Québec", is dated March 27, 2026, with an effective date of March 16, 2026, and was prepared for LaFleur Minerals by ERM Consultants Canada Ltd. ("ERM"). The Report is available on the Company's website at www.lafleurminerals.com and under the Company's issuer profile on SEDAR+ at www.sedarplus.ca. PEA Supporting Beacon Mill Restart and Swanson DevelopmentIndependent Qualified Persons ("QPs") from ERM were responsible for the preparation of the PEA technical report, including overall coordination, property description and location, accessibility, project history, mineral processing and metallurgical testing, mineral resource estimation, mining and recovery methods, infrastructure, operating and capital cost estimates, economic analysis, and project execution planning.Readers are advised to review the technical report in its entirety, including all qualifications, assumptions, exclusions, and risks. The report is intended to be read as a whole, and sections should not be considered in isolation.The PEA outlines a development scenario supporting the restart of gold production at the Company's fully permitted Beacon Gold Mill, utilizing mineralized material from the nearby Swanson Gold Deposit as part of a vertically integrated mine-to-mill strategy. The PEA study reflects the results of extensive technical work completed over the past year, including verification drilling, metallurgical testwork and optimization, infrastructure planning, and economic modelling.The Company confirms that there are no material differences between the key results, assumptions, and estimates contained in the PEA technical report and those disclosed in its news release dated March 3, 2026.The PEA is preliminary in nature and includes inferred mineral resources, which are considered too speculative geologically to have economic considerations applied that would enable them to be classified as mineral reserves. There is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Additional drilling will be required to convert inferred mineral resources to indicated or measured categories. There is no certainty that the development, production, or economic forecasts outlined in the PEA will be achieved.PEA HighlightsThe PEA outlines a robust, low-complexity and cost-effective development plan leveraging the fully permitted Beacon Gold Mill, demonstrating strong economics with a 65% after-tax IRR, C$101 million NPV (5%), and US$1,569/oz AISC, supported by staged expansion to 1,250 tpd and strong free cash flow generation at a US$2,750/oz gold base case.Base case contemplates mill throughput of approximately 1,250 tonnes per day ("tpd"), with expansion potential to 3,000-4,000 tpd in longer-term scenariosUtilizes existing infrastructure, including the fully-permitted and recently refurbished Beacon Gold Mill and tailings facility, with an independently evaluated replacement cost of $71 millionDemonstrates the potential for a scalable, capital-efficient restart of gold productionIncorporates recent confirmation drilling, metallurgical testwork, and engineering studiesPaul Ténière, CEO & Director of LaFleur Minerals, commented, "The filing of our PEA technical report marks a significant milestone for LaFleur Minerals as we advance toward near-term gold production. The study validates our vertically integrated strategy, combining the Swanson Gold Deposit with our fully permitted Beacon Gold Mill. With key infrastructure in place and funding secured for mill restart and recommissioning, we believe the Company is well positioned to transition into a gold producer and generate near-term revenue, with additional scalability and operational flexibility that differentiate us from many junior developers."Project OverviewThe Swanson Gold Project comprises a district-scale land package of 19,214 hectares in the Abitibi Gold Belt, encompassing multiple gold-bearing zones along a major structural corridor. The Project is located approximately 60 km from the Beacon Gold Mill, a recently refurbished and fully permitted processing facility with a current capacity of 750 tonnes per day ("tpd"), with expansion potential to 1,250 tpd.The PEA evaluates the economic potential of transporting mineralized material from the Swanson Gold Deposit to the Beacon Gold Mill, leveraging established road access and potential rail infrastructure to optimize logistics and reduce operating costs as part of an integrated mine-to-mill development strategy (Figures 1 to 3).Following the completion and filing of the PEA, the Company intends to:Advance engineering studies and project optimization, including evaluation of an initial 100,000 tonne bulk sample. Continue metallurgical testing and resource expansion drilling at Swanson. Progress permitting and infrastructure initiatives to support bulk sampling and future mining operations. Advance toward a production decision for the Swanson Gold Deposit utilizing the Beacon Gold Mill.Figure 1: Beacon Gold MillTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/290216_e660b39e74b17829_001full.jpgFigure 2: Beacon Gold MillTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/290216_e660b39e74b17829_002full.jpgFigure 3: Beacon Gold MillTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/290216_e660b39e74b17829_003full.jpgQUALIFIED PERSON STATEMENT AND DATA VERIFICATIONAll scientific and technical information in this news release has been prepared and approved by James Gardner, P.Eng. (OIQ), Principal Consultant, Engineer at ERM and considered an independent Qualified Person (QP) for the purposes of NI 43-101. The scientific and technical information in this news release has also been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101. The QP's have verified the sampling, analytical, and test data underlying the MRE and PEA results disclosed in this release by reviewing the Company's QAQC protocols, core and sample logs, metallurgical test results, original assay certificates, and assay database. The QP's noted no sampling or recovery issues with the technical data that would impact the MRE and PEA results disclosed in this news release.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. The Company is advancing its PEA-stage Swanson Gold Project and the Beacon Gold Mill, which together form a vertically integrated mine-to-mill development strategy. The Swanson Gold Project comprises approximately 19,214 hectares (192 km²) and includes multiple gold-bearing deposits and prospects along a major structural corridor, including the Swanson, Bartec, and Jolin zones. The Project is accessible by road and is located within 60 km of the Beacon Gold Mill, supporting its development potential. The Company's fully permitted and recently refurbished Beacon Gold Mill has a current processing capacity of over 750 tonnes per day and is expected to process mineralized material from the Swanson Gold Deposit. LaFleur Minerals recently completed a positive Preliminary Economic Assessment for the integrated development of the Swanson Gold Deposit and Beacon Gold Mill (refer to technical report filed on the Company's website and under its SEDAR+ profile).ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, M.Sc., P.Geo.
CEO and Director
E: info @piper66 West Georgia Street
Vancouver, BC V6E 4N7
Website: www.lafleurminerals.com | LinkedIn | Twitter/X | InstagramNeither 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" InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the results of the Preliminary Economic Assessment ("PEA") on the Swanson Gold Project, the contemplated refurbishment and restart of the Beacon Gold Mill, projected production rates, mine life, capital and operating costs, economic returns (including NPV and IRR), development timelines, permitting, financing and other economic and technical parameters. Forward-looking statements are generally identified by words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", and similar expressions.The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA results will be realized.Forward-looking statements are based on a number of assumptions, including with respect to Mineral Resource estimates, gold prices, exchange rates, capital and operating costs, metallurgical recoveries, the ability to obtain required approvals, the availability of financing, and the successful refurbishment and operation of the Beacon Gold Mill. Actual results may differ materially due to risks and uncertainties, including those related to resource estimation, cost escalation, commodity price fluctuations, permitting, financing, operational risks and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update such statements.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290216
Original: LaFleur Minerals Files PEA Technical Report Supporting Restart of Gold Production at Beacon Gold Mill, Québec
CA Market News
3月前
LaFleur Minerals Bolsters Executive Team and Announces Webinar to Present Positive PEA for Beacon Gold Mill RestartMarch 16, 2026 9:45 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 16, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") announces today the appointment of Paul Ténière, Peter Espig and Jeff Swinoga to the Company's Board of Directors. These appointments bring significant expertise in the "gold producer" mining industry, capital markets, and corporate leadership to the Company as LaFleur Minerals advances development of its Swanson Gold Project and plans to restart gold production at the Beacon Gold Mill in Québec's Abitibi Gold Belt. The strengthened board reflects the Company's commitment to enhancing governance and strategic oversight as it moves towards the restart of gold production at the Beacon Gold Mill, in Val d'Or, Quebec, and its next phase of growth and project development.Paul Ténière, Chief Executive Officer of LaFleur Minerals Inc., brings extensive experience in corporate leadership, capital markets, and project development within the mining and natural resources sector. Mr. Ténière is a seasoned C-Suite mining executive and Professional Geologist with more than 25 years of global experience spanning exploration, resource expansion, project development, capital markets, and disclosure compliance. A recognized expert in NI 43-101, JORC, and SEC S-K 1300 reporting standards, Mr. Ténière has served in senior leadership roles including President & CEO, SVP Exploration, and Director for numerous mining companies listed on the CSE and TSXV including Highlander Silver Corp, KO Gold Inc, Major Precious Metals Corp, Canstar Resources Inc, TRU Precious Metals Corp, and Alma Gold Inc. He also contributed to the capital markets as a Senior Listings Manager and Mining Expert at the Toronto Stock Exchange and TSX Venture Exchange, supporting governance and technical disclosure for emerging mining issuers. Paul holds B.Sc. (Honours) and M.Sc. degrees in Geology. As Chief Executive Officer of LaFleur Minerals, he has been instrumental in advancing the Company's exploration and development plans including the PEA for the Swanson Gold Project and managing the restart of the Beacon Gold Mill in Val d'Or, Québec, positioning the Company to leverage existing infrastructure and regional opportunities to accelerate its pathway toward gold production.Peter Espig is President, Chief Executive Officer and Director of Nicola Mining Inc., where he has led the company's transformation from creditor protection into a producing mining enterprise while significantly increasing its market capitalization. A seasoned mining executive and financier, Mr. Espig previously served as Vice President at Goldman Sachs in its Principal Finance and Asia Special Situations groups and as Vice President at private equity firm Olympus Capital, where he focused on investment analysis, corporate restructurings, and international financing transactions. Over his career, he has structured more than US$2 billion in private equity and pre-IPO transactions and has extensive experience in corporate turnaround, capital markets, and mining project development. Mr. Espig currently also serves as an advisor to LaFleur Minerals.LaFleur also welcomes Jeff Swinoga to its Board of Directors, a strategic addition as the Company enters a phase where access to capital, disciplined financial leadership and strong industry relationships are expected to be critical to advancing its projects and long-term growth objectives. Mr. Swinoga is a highly respected mining executive with more than 27 years of experience across exploration, development and operations. He has held senior executive and financial leadership roles with leading mining companies, including Barrick Gold, Torex Gold Resources, Hudbay Minerals, North American Palladium and Golden Star Resources. He is the former Chief Executive Officer of Epic Gold Corp. (formerly Exploits Discovery Corp.) and First Mining Gold, where he earned recognition for building high-performing teams, leading strategic transformations, executing M&A and IPO transactions, and maintaining disciplined capital allocation. Mr. Swinoga has led more than $2 billion in project financings and over $400 million in equity raises, working closely with institutional investors, lenders and strategic partners. He also brings extensive board and governance experience, with particular depth in oversight, risk management, continuous disclosure, stakeholder engagement, permitting and social license. Mr. Swinoga is also a Director on the Board of PDAC.The Company announces the resignations of Preet Gill and Harveer Sidhu from the Board of Directors, effective March 15, 2026. The Board thanks Ms. Gill and Mr. Sidhu for their valuable contributions during their tenure and wishes them continued success in their future endeavors."On behalf of the Board and management, we would like to thank Mr. Sidhu and Ms. Gill for their valuable contributions as directors of the Company and throughout their subsequent tenures. We wish them both the best with future endeavors," expressed Paul Teniere, CEO of the Company.The Company also announces that members of its senior management team will host a live corporate webinar on March 24, 2026 at 9:00 am PST / 12:00 pm EST, to discuss recent company developments, including the latest positive Preliminary Economic Assessment ("PEA") results for the Company's district-scale Swanson Gold Project and the planned restart of its 100%-owned and fully permitted Beacon Gold Mill located in Canada's largest gold producing region, the prolific Abitibi greenstone belt.During the webinar, management will provide an overview of the PEA study results, the strategic advantages of the Company's vertically integrated mine-to-mill development strategy combining the Swanson Gold Deposit with its 100%-owned Beacon Gold Mill, and upcoming operational milestones as LaFleur Minerals advances towards the restart of gold production in Québec's key mining hub, Val-d'Or, Québec.Webinar DetailsDate: March 24, 2026, at 9:00 am PST / 12:00 pm EST
Format: Live Corporate Webinar with Management Presentation and Q&A
Link for access: https://us02web.zoom.us/j/83476863366The presentation will include an update on ongoing technical work and planned next steps aimed at advancing the Swanson Gold Project while progressing recommissioning work at the Beacon Gold Mill. Management will also discuss the broader development strategy including opportunities to optimize project economics and advance the Company's objective of restarting gold production in Q2-2026, as well as the longer-term vision of increasing Swanson's resource, consolidating surrounding claims or deposits, and expanding the mill's capacity to over 3,000 tonnes per day.The recent PEA completed by Environmental Resources Management (ERM) outlined a technically straightforward and capital-efficient development scenario for the Swanson Gold Project that could be highly profitable, with a C$101?million after-tax NPV (5%), 65% IRR, a rapid 1.8-year payback, and all-in sustaining costs of US$1,569/oz, driven by a low C$31?million initial CAPEX and use of the Company's wholly-owned Beacon Gold Mill (refer to press release dated March 3, 2026). Meanwhile, the mill refurbishment is progressing on schedule, with electrical, mechanical, and safety upgrades completed, about 30% of the budget spent, and first gold pour anticipated later this year. This combination of a capital-efficient, high-return PEA, proven continuous strong gold mineralization at the Company's Swanson Gold Project (refer to press release dated February 4, 2026), and near-term processing capability with recently upgraded infrastructure positions LaFleur as a junior gold developer with both a clear path to production and potential upside through resource expansion, creating what many would see as a compelling development story.Following the presentation, management will host a live question-and-answer session with investors. LaFleur encourages shareholders, investors, and other interested stakeholders to participate in the webinar to learn more about the Company's recent progress and upcoming milestones.Figure 1: Beacon Gold MillTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/288652_7d0faf7644e2393a_001full.jpgFigure 2: Inside Beacon Gold MillTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/288652_7d0faf7644e2393a_002full.jpgEngagement of Investor Relations FirmsThe Company is also pleased to announce various strategic marketing and investor relations engagements (the "Engagements") with arms-length independent contractors and agencies, with the aim of developing the Company's communication strategy and strengthening exposure to a wider audience.The Company entered into a service agreement dated February 23, 2026, with Native Ads Inc. ("Native Ads Inc."), (the "Native Ads Agreement") pursuant to which Native Ads has agreed to provide a marketing campaign, as part of which it will execute a comprehensive digital media advertising campaign for the Company, where the majority of the campaign budget will be allocated to cost per click costs, media buying and content distribution, and search engine marketing. The remaining budget will be allocated for content creation, web development, advertising creative development, search engine optimization, campaign optimization, and reporting and data insights services. The Native Ads Service Agreement remains in effect for 12 months or until the retainer is depleted, with services commencing on February 23, 2026, the campaign period, and will not automatically renew. In accordance with the terms and conditions of the Native Ads Service Agreement and as consideration for the services provided by Native Ads, the Company has agreed to provide Native Ads with a cash retainer fee of $25,000USD plus applicable taxes (the "Native Ads Services Fee"). Native Ads and its principals are arm's length from the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right or intent to acquire such an interest. Native Ads is a full-service advertising agency based out of New York and Vancouver, BC, its business is located at 244 Fifth Avenue, Suite N-249 New York, N.Y. 10001 USA, and the email contact is info @FILTHYLUCRE-773-3540.The Company entered into a service agreement dated February 5, 2026, with InvestorsHub a wholly-owned subsidiary of ADVFN PLC. ("InvestorsHub"), (the "InvestorsHub Agreement") pursuant to which InvestorsHub has agreed to provide a marketing campaign, as part of which it will execute an enhanced news release distribution for the Company. The InvestorsHub Service Agreement remains in effect until the retainer and inventory is depleted, with services commencing on February 5, 2026, the campaign period, and will not automatically renew. In accordance with the terms and conditions of the InvestorsHub Service Agreement and as consideration for the services provided by InvestorsHub, the Company has agreed to provide InvestorsHub with a cash retainer fee of $25,000USD plus applicable taxes (the "InvestorsHub Services Fee"). InvestorsHub and its principals are arm's length from the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right or intent to acquire such an interest. Contact information for InvestorsHub is: Investorshub.com, P.O. Box 780, Harrisonville, MO 64701, Tel: 816-884-1859, email: support@advfn.com.The Company entered into a service agreement executed March 14, 2026, with Mayfair Media Operations Pty Ltd trading as Mining.com.au ("Mayfair Media"), (the "Mayfair Media Agreement") pursuant to which Mayfair Media has agreed to provide a marketing campaign, as part of which it will execute a comprehensive digital media advertising services across news coverage, editorial publications and video interview for the Company. The Mayfair Media Service Agreement is on a month-to-month basis, with a minimum 1-month term, with services commencing on March 14, 2026, the campaign period, and will not automatically renew. In accordance with the terms and conditions of the Mayfair Media Service Agreement and as consideration for the services provided by Mayfair Media, the Company has agreed to provide Mayfair Media with a monthly cash retainer fee of A$3,890 plus applicable taxes (the "Mayfair Media Services Fee"). Mayfair Media and its principals are arm's length from the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right or intent to acquire such an interest. Contract information for Mayfair Media is: Mayfair Media Operations Pty Ltd trading as Mining.com.au, 6/66 Appel Street, Surfers Paradise, Queensland 4217, email: accounts@mining.com.au.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. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 19,214 hectares (192 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment ("PEA") results for the Company's Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026).ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info @piper66 West Georgia Street
Vancouver, BC V6E 4N7
Website: www.lafleurminerals.com | LinkedIn | Twitter/X | InstagramNeither 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" InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the results of the Preliminary Economic Assessment ("PEA") on the Swanson Gold Project, the contemplated refurbishment and restart of the Beacon Gold Mill, projected production rates, mine life, capital and operating costs, economic returns (including NPV and IRR), development timelines, permitting, financing and other economic and technical parameters. Forward-looking statements are generally identified by words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", and similar expressions.The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA results will be realized.Forward-looking statements are based on a number of assumptions, including with respect to Mineral Resource estimates, gold prices, exchange rates, capital and operating costs, metallurgical recoveries, the ability to obtain required approvals, the availability of financing, and the successful refurbishment and operation of the Beacon Gold Mill. Actual results may differ materially due to risks and uncertainties, including those related to resource estimation, cost escalation, commodity price fluctuations, permitting, financing, operational risks and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update such statements.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288652
Original: LaFleur Minerals Bolsters Executive Team and Announces Webinar to Present Positive PEA for Beacon Gold Mill Restart
CA Market News
3月前
LaFleur Minerals Announces Positive PEA Results for the Swanson Gold DepositMarch 3, 2026 8:00 AM
InvestorsHub NewsWireVancouver, British Columbia -- March 3, 2026 -- InvestorsHub NewsWire - LaFleur Minerals Inc. (CSE:LFLR) (OTCQB:LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce the results of its Preliminary Economic Assessment ("PEA") for the proposed development of the Swanson Gold Deposit and existing mining lease ("Swanson Project" or the "Project"), confirming a technically straightforward, capital efficient project with significant economic returns. The PEA study was completed by independent global mining, environmental, and sustainability firm Environmental Resources Management ("ERM") Technical Mining Services Group and highlights the significant advantage of leveraging the Company's 100%-owned and refurbished Beacon Gold Mill, an existing C$49 million asset with a proven operating history and a permitted tailings storage facility (TSF) located only 20 kilometres east of the city of Val-d'Or, Québec, with direct access to CN railway infrastructure (Figure 1).
The PEA demonstrates strong resilience by applying a US$2,750/oz gold price for the base case and maintaining leverage to current spot gold prices (~US$5,300/oz) and market conditions. The Project delivers compelling economics with an after-tax IRR of 65% and C$101 million NPV (5%) and an all-in sustaining cost (1AISC) of US$1,569/oz gold.
The PEA confirms a robust business case that is cost-effective, low-complexity, and highlights a streamlined path to production leveraging LaFleur Minerals' fully permitted and wholly-owned Beacon Gold Mill, located in trucking distance from the Swanson Project. The PEA delineates strong free cash flow generation through a staged mill expansion to 1,250 tonnes per day (tpd), expected to materially lower operating costs through economies of scale. With a strategic rail-linked mine-to-mill model over the long-term, the Project demonstrates a low-capex, rapid payback, high return profile with significant leverage to rising gold prices, which combined with a meaningful increase in the Swanson Gold Deposit's Mineral Resource Estimate (MRE) that supports a seven-year mine life, further bolstering operational resilience.
PEA HIGHLIGHTS
(All figures are in Canadian Dollars unless otherwise noted)
Compelling PEA Economics with Significant Returns at US$2,750/oz Gold (Base Case)
Initial capital cost of C$31 million at the Swanson Gold Deposit and Beacon Gold Mill including ongoing restart and recommissioning work.
After-tax IRR of 65% and C$101 million NPV (5%), and a 1.8-year payback.
Industry competitive 1AISC of US$1,569/oz demonstrates profitability even at lower gold prices.
Updated 2026 Mineral Resource Estimate (MRE) with 30% Increase in Indicated Mineral Resources
The updated 2026 MRE for the Swanson Gold Deposit includes an Indicated Mineral Resource of 2.96 Mt at 1.69 g/t Au for 160.3 koz of contained gold (combined open-pit and underground) and an Inferred Mineral Resource of 1.08 Mt at 1.93 g/t Au for 66.8 koz of contained gold (combined open pit and underground).
A 30% increase in Indicated Mineral Resources ounces compared to the 2024 MRE, due to updated cut-off grades (COG) of 0.5 g/t Au using an open pit shell and 1.85 g/t Au using underground MSO shapes.
Historical drilling data was validated by a program of 12 diamond drill holes completed by LaFleur Minerals in December 2025, which support the continuity and geological model used in the updated 2026 MRE.
The 2026 MRE does not incorporate the positive results of the recently released diamond drill holes (refer to February 4, 2026 press release).
Increased Feed Rate at Beacon Gold Mill to 1,250 tpd Improving Economies of Scale
Increasing the Beacon Gold Mill's base case capacity to 1,250 tonnes per day (tpd) from its current 750?tpd capacity through the installation of a three-stage crushing circuit followed by a rod, ball, and stirred mill for additional grinding. This would represent a major step-change in throughput costing an estimated C$15?million in upgrades. The 750 tpd mill capacity would be upgraded in a step-wise manner to 1,250 tpd to match the mine output.
Additional capital estimated at C$175 million could bring the mill from 1,250 tpd to 3,000 tpd or higher. ERM recommends that if additional mill feed is secured by LaFleur Minerals, a parallel mineral processing circuit of 3,000 tpd or higher could be added to the Beacon Gold Mill to match the secured additional feed from other mining projects. These expansion scenarios have not been evaluated in the current PEA and would be subject to separate technical and economic studies.
Equipment suppliers, such as Bumigene Inc and others have already been engaged to support flowsheet optimization and finalize the upgraded plant design to 1,250 tpd. While the expanded configuration will require minimal additional labour, the higher-throughput equipment is expected to significantly improve productivity and reduce operating costs. Historically operating at about C$42/t, the Beacon Gold Mill is forecast to benefit from economies of scale, lowering operating costs to approximately C$28/t with the increased feed rate.
Direct Mine-to-Mill Model: Swanson Gold Deposit to Beacon Gold Mill Directly Linked by CN Rail Track, Delivering a Major Logistics Advantage Compared to Other Gold Mining Projects in the Region
Utilizing the existing Canadian National (CN) railway track, which passes both, directly through the Swanson Gold Project and next to the Beacon Gold Mill, provides a clear logistical and cost advantage for a larger mining operation, with an estimated rail transport cost of approximately C$5/t compared with C$15/t for regional trucking as reviewed in a recent trade-off study.
Rail transportation of mineralized material also offers a lower-carbon, community-safe, and operationally efficient method for moving mill feed. Mineralized material from the Swanson Gold Deposit could be loaded onto a dedicated, nearby rail spur and integrated into an existing manifest train already operating through the site, reducing diesel trucking requirements, limiting road traffic exposure, and enhancing overall environmental performance.
Infrastructure Advantages and Proximity to Val-d'Or Enables a Capital-Efficient Owner-Contractor Operation
The Swanson Gold Deposit and the Beacon Gold Mill are both in very close proximity to Val-d'Or, a predominant mining camp, and surrounding communities, enabling a practical drive-in/drive-out workforce and eliminating the need for costly camp facilities or remote-site infrastructure and logistics. Swanson is easily accessed via an existing gravel road connected to the provincial highway network and benefits from year-round, all-weather access, allowing operations to be supported directly from the region's well-established mining service hub. This location provides increased availability of skilled trades, contractors, and equipment suppliers, allowing the Project to rely on existing contractor equipment fleets rather than purchasing a complete owner fleet, significantly reducing upfront capital requirements, while improving operational flexibility and maintenance response times.
Cautionary Statement on Preliminary Economic Assessment Results
The Swanson Gold Deposit is an advanced-stage property with Mineral Resources and indicates potential economic viability based on the assumptions outlined in the PEA. This news release provides a summary of key scientific and technical work and data verification, with full details to be available in a technical report reporting the PEA results in accordance with National Instrument 43-101 ("NI 43-101") and filed on the Company's SEDAR+ profile within 45 days. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized.
Paul Ténière, CEO of LaFleur Minerals, commented, "The results of this positive PEA indicate a capital-efficient development pathway for the Swanson Gold Deposit that leverages our nearby Beacon Mill and established infrastructure in the Val-d'Or mining district. With a modest initial capital requirement and mill upgrades and strong projected returns at a US$2,750 per ounce base-case gold price, we believe Swanson has the potential to evolve into a competitive and short-term gold development project within the Abitibi Gold Belt. Our focus now shifts to continued technical optimization, metallurgical and bulk sample validation, and permitting advancement as we evaluate the next phase of growth and progress toward restarting the Beacon Mill in 2026."
Figure 1: Regional View of LaFleur's Beacon Gold Mill and Swanson Gold Project
The PEA has an effective date of February 23, 2026. The economic analysis was completed using an AACE Class 4 capital estimate with an expected accuracy range of ±30-40%. No Mineral Reserves have been declared for the Swanson Gold Project. The PEA includes Inferred Mineral Resources and should not be considered a Pre-Feasibility or Feasibility Study.
FREE CASH FLOW MODEL AND PROJECT COSTS
Free Cash Flow Generated in PEA at 1,250 tpd Base Case
The free cash flow model is based on a staged mill ramp-up from 750?tpd in Year?1, to 1,000?tpd in Year?2, reaching 1,250?tpd by Year?3. The Project generates positive cumulative free cash flow early in the mine life, which continues to build steadily, reaching approximately C$188?million by Year?8, after accounting for mine closure activities of roughly C$10?million beginning in Year?7 (Figure 2).
Figure 2: Free Cash Flow (Incremental and Cumulative)
Project Costs - Total capital costs are estimated at C$31 million including the 1,250 tpd mill upgrade, with an additional C$10 million in sustaining capital over the projected seven-year mine life at Swanson. Operating costs total C$166 million, supported by detailed assessments of labour, equipment, consumables, and materials, and include reclamation activities in years 7 and 8 (Table 1).
Table 1: Capital, Sustaining, and Operating Costs
Category
Capital Costs
Operating Costs
(name)
($CDN millions)
($CDN millions)
Open Pit Mining
$2
$58
Rail
$2
$13
Mineral Processing
$15
$56
Power, Electrical and Instrumentation
$4
$6
Site Infrastructure and Support Services
$2
$6
Water Management Systems
$1
$4
Tailings and Mine Waste Management Facilities
$1
$6
Reclamation and Closure
-
$10
Owners Costs
$4
$8
Total
$31
$166
Sustaining Capital
$10
Capital Costs - Total capital costs are estimated at C$31 million. These capital cost estimates align with AACE Class 4 estimate and incorporate a 15% contingency where appropriate. The capital estimate includes owner's costs for temporary facilities, insurance, freight, spare parts, and commissioning.
Sustaining Capital - Sustaining capital totals C$10 million over the seven-year mine life. These costs cover the tailings facility upgrade as well as major equipment replacements and component renewals required during operations.
Operating Costs - Operating costs over the seven-year mine life are estimated at C$166 million. These operating costs are supported by detailed assessments of labour, equipment, consumables, materials, and include mine reclamation activities, in years 7 and 8 which are incorporated directly into operating costs. The operating costs can be represented in $/tonne feed (Table 2).
Table 2: Operating Costs per tonne feed
Category
Operating Costs
(name)
($CDN/tonne feed)
Mining
$25 ($2.9/tonne mined)
Rail
$5
Milling
$28
Reclamation
$4
G&A
$3
Total
$65
2026 UPDATED MINERAL RESOURCE ESTIMATE
The PEA is supported by an updated MRE (2026 MRE) for the Swanson Gold Deposit completed in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014) and NI 43-101 (Table 3).
The 2026 MRE includes an Indicated Mineral Resource of 2.96 Mt at 1.69 g/t Au for a total of 160 koz of contained gold, comprising 2.74 Mt at 1.62 g/t Au (142.5 koz) in open-pit configuration and 221 kt at 2.51 g/t Au (17.8 koz) in underground stope (MSO) shapes. The Inferred Mineral Resource includes 1.08 Mt at 1.93 g/t Au for a total of 66.8 koz of contained gold, including 854 kt at 1.75 g/t Au (48 koz) in open-pit areas and 225 kt at 2.60 g/t Au (18.8 koz) in underground extensions (Table 3).
All resources are reported in situ, undiluted, within Zone 1-4 lithologies, and exclusive of mineral reserves, with contained ounces calculated using the standard conversion factor (tonnes × grade × 0.032151).
Table 3: 2026 Updated MRE for the Swanson Gold Deposit (Effective date February 23, 2026)
Resource
Classification
Mining Method
Tonnes (kt)
Au Grade (g/t)
Contained Au (koz)
Indicated
Open Pit
2,735
1.62
142.5
Underground
221
2.51
17.8
Total Indicated Resources
2,956
1.69
160.3
Inferred
Open Pit
854
1.75
48.0
Underground
225
2.60
18.8
Total Inferred Resources
1,079
1.93
66.8
MRE Statement Notes:
Mineral Resources are reported in situ, undiluted, Zone 1 - 4 lithologies and exclusive of Mineral Reserves.
Density Values of 2.9 tonnes/m3 were assigned where no density in the block model.
The resource above has had an open pit shell and underground stope shapes applied and has Reasonable Prospects for Eventual Economic Extraction (RPEEE).
The Qualified Person (QP) that assessed RPEEE is James Gardner, P.Eng. (OIQ).
Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
The open-pit material RPEEE considers all blocks that may generate revenue, even at a small amount in the ultimate pit shell (revenue factor 100), generated using Datamine NPVS. This is not the optimized pit shell that maximizes NPV. The physical constraints that the Lerch Grossman algorithm uses are
Rock wall angles of 18° overburden and 45° wall angle.
(Lerchs-Grossmann algorithm) stripping ratio and the cost of waste blocks above the required amount to mine the mineralized, making a decision on each block and its unique economics.
Revenue, Costs, Recovery, and Dilution applied to blocks:
Blocks within the ultimate pit shell had a cut-off-grade COG of 0.5 g/t applied, as shown in the equation below:
The cut-off grade applied for RPEEE is the operational grade, which reflects the sunk mining cost of material once in a truck and is the grade at which operations should direct material to a low-grade stockpile, the mill, and keep it out of a waste rock dump. Factors used in the above equation are:
Sales price of gold of US$2,500/oz converted to ($/g) minus selling costs, USD/CAD exchange rate of 1.4.
Recovery of 90% mining and 84% milling (%).
Costs of $40/tonne: comprising $5/t transport, $28/t processing, $4/t reclamation, and $3/t G&A.
The Underground resources RPEEE were defined using Datamine's Mineable Shape Optimiser (MSO), which uses an operational cut-off grade and includes assumed operating development costs. At the time of the study, there was not yet enough material underground to warrant inclusion in the PEA's economic assessment. The physical dimensions of the generated stopes are as follows, with a minimum thickness of 5m applied, which relates to mining costs.
5 metres thick, 20-m height and 20-m along strike.
The COG calculation was based on a minimum thickness of 5 m for a high-productivity stope using modern equipment. This is not the same as the minimum minable thickness, which is 8ft for high grade deposits and handheld equipment. It is also based on observations about the geologically wireframed geometry of the deposit and what was known at the time of the study. A longhole open stoping, retreat or transverse method was selected. The COG formula above was used with the following assumptions:
Sales price of gold of US$2,500/oz converted to ($/g) minus selling costs, USD/CAD exchange rate of 1.4.
Recovery of 85% mining and 84% milling.
Costs of $147/tonne: comprising $5/t transport, $28/t processing, $4/t reclamation, and $5/t G&A and $105/t mining for longhole.
The QPs are not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, or marketing issues or any other relevant issue not reported in the Technical Report that could materially affect the Mineral Resources Estimate.
OPEN-PIT MINE PLAN
A Val-d'Or-based contracting company would operate the Swanson Project, which the Company's technical and management team would manage. The operation would use a conventional surface mining method with diesel front-end loaders, three 100-tonne haul trucks, two rotary drills, a bulldozer, an explosives truck, and mine support equipment. The production rate would sustain mill feed at 1,250 tonnes per day or 440,000 tonnes per year.
The production schedule is projected at 7 years and shows overburden removal in Year -1 and the gradual ramp up aligned with the mill (Y1-Y3). The average stripping ratio is 7.7 for the life of mine, the average grade each year is labelled in g/t in Figure 3. Annual payable gold ounces by resource category is shown in Figure 4.
Figure 3: Mine Schedule
Figure 4: Annual payable gold ounces by MRE categorization
METALLURGY & PROCESSING
The planned processing upgrades at the 100%-owned Beacon Gold Mill, including installation of a three-stage crushing circuit followed by rod, ball, and stirred milling, are designed to increase throughput to 1,250 tpd. By expanding capacity through enhancements to existing infrastructure and within current permit conditions, the Project maintains a low-capital efficient pathway to development without needing to increase the installed hydro-electric power of 4 MW currently onsite.
Gold recovery is currently estimated at 84% based on metallurgical testwork completed by Agnico Eagle on the Swanson Gold Deposit in 2009. ERM is advancing the updated 1,250 tpd flowsheet through engagement with Bumigeme and third-party local equipment suppliers. Representative samples, totalling approximately 400 kg from the recent diamond drilling program from the Swanson Gold Deposit have been submitted to SGS Canada for metallurgical testing. The metallurgical program is focused on validating the proposed circuit configuration, optimizing the upgraded flowsheet, and refining the expected gold recovery for the enhanced design.
ECONOMIC SENSITIVITY
The PEA shows robust economics using a gold price of US$2,750/oz resulting in an after-tax NPV (5%) of C$101M, a 65% IRR, and a 1.8-year payback supported by a Class 4 ACCE estimate. The Project is further enhanced by detailed Bumigeme mill-upgrade estimates based on the current mill restart project that improve confidence to roughly ±30-40%.
To assess the Project's economic sensitivity to changes in CAPEX, OPEX, exchange rate, and gold price, the Swanson Project's NPV sensitivity to these factors, expressed as a percentage of the base case, is shown in the graph below (Figure 5). The spider chart illustrates how variations in these cost and price parameters, expressed as percentage changes from the base case used in the PEA, impact the Project's after-tax NPV (5%). This sensitivity analysis is essential, as changes to the estimates used at the time of this release may occur over time. A gold price sensitivity range of US?$1,925/oz to US?$5,000/oz has been applied, reflecting the current spot gold price.
Figure 5: Project NPV Sensitivity
STRATEGIC PEA RECOMMENDATIONS TO SUPPORT FUTURE INVESTMENT DECISIONS
Right-Sizing the Beacon Gold Mill to Align with Resource Growth and Regional Opportunities: This could be achieved by (1) increasing the current resource of the Swanson Gold Deposit through additional diamond drilling along strike and at depth (ongoing), and adding other satellite deposits within the Swanson Gold Project currently undergoing exploration drilling programs for inclusion into an updated MRE and PEA, (2) LaFleur Minerals acquiring advanced gold mining projects either on the verge of, or currently permitted for mining, or (3) by advancing a regional hub-and-spoke strategy where other companies supply feed to Beacon Gold Mill in a custom milling scenario.
An additional processing plant circuit should be added that can be designed to meet the size of the additional annual mill feed secured. For example, adding a parallel circuit to process over 3,000 tpd by crushing, grinding, gravity and flotation, to feed the existing cyanidation circuit would incur an estimated capital expense of C$175 million. This circuit would be designed to handle the additional feed beyond the Swanson Gold Deposit and could be used for custom milling (Figures 6 and 7).
Metallurgy & Beacon Gold Mill Capacity Growth - Work Underway: Metallurgical test work with SGS and Bumigeme, and third-party equipment suppliers is already in progress to support increasing the Beacon Gold Mill throughput to 1,250 tpd, alongside early evaluation of a potential parallel processing flow sheet and additional ore sorting tests of Swanson mineralized material. Consideration should be made on an ad-hoc basis to future growth and how this would integrate with the 1,250 tpd case proposed in the PEA. Discussions are also in progress about the addition of a separate 3,000+ tpd circuit that would allow feed beyond Swanson and potentially for custom milling purposes. These expansion scenarios have not been evaluated in the current PEA and would be subject to separate technical and economic studies.
In addition, LaFleur Minerals is in the final planning stages for an up to 100,000 tonne bulk sample from the Swanson Gold Deposit on the existing mining lease BM 885, with an environmental remediation and closure plan expected to be submitted to the Québec government by mid-2026. The bulk sample would be transported to the Beacon Gold Mill using trucks and is intended for metallurgical and process validation purposes and is not based on a production decision.
Tailings Surface Facility Expansion Planning (Geotechnical, Hydrogeological & Environmental): Environmental baseline work is already advancing, while preparations are underway to launch geotechnical and hydrogeological studies that will support tailings expansion and pit slope design.
CN Railway Planning and Collaboration: Active discussions with CN Rail are underway regarding relocation of the existing rail line and installation of a dedicated spur at the Swanson Gold Deposit and ore discharge at the Beacon Gold Mill, aimed at improving haul efficiency and reducing emissions.
Figure 6: Beacon Gold Mill
Figure 7: Beacon Gold Mill
QUALIFIED PERSON STATEMENT AND DATA VERIFICATION
All scientific and technical information in this news release has been prepared and approved by James Gardner, P.Eng. (OIQ), Principal Consultant, Engineer at ERM and considered an independent Qualified Person (QP) for the purposes of NI 43-101. The scientific and technical information in this news release has also been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101.
The QP's have verified the sampling, analytical, and test data underlying the MRE and PEA results disclosed in this release by reviewing the Company's QAQC protocols, core and sample logs, metallurgical test results, original assay certificates, and assay database. The QP's noted no sampling or recovery issues with the technical data that would impact the MRE and PEA results disclosed in this news release.
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. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Website: www.lafleurminerals.com | LinkedIn | Twitter/X | Instagram
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 contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the results of the Preliminary Economic Assessment ("PEA") on the Swanson Gold Project, the contemplated refurbishment and restart of the Beacon Gold Mill, projected production rates, mine life, capital and operating costs, economic returns (including NPV and IRR), development timelines, permitting, financing and other economic and technical parameters. Forward-looking statements are generally identified by words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", and similar expressions.
The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA results will be realized.
Forward-looking statements are based on a number of assumptions, including with respect to Mineral Resource estimates, gold prices, exchange rates, capital and operating costs, metallurgical recoveries, the ability to obtain required approvals, the availability of financing, and the successful refurbishment and operation of the Beacon Gold Mill. Actual results may differ materially due to risks and uncertainties, including those related to resource estimation, cost escalation, commodity price fluctuations, permitting, financing, operational risks and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update such statements.
1All in Sustaining Costs (AISC) Summary - World Gold Council
The World Gold Council’s AISC metric captures the cost of sustaining current operations. The PEA estimated at AACE class 4 has included operating costs, site G&A, sustaining capital, project capital including reclamation and remediation, and royalties and Québec production taxes into AISC. As the Project advances into operations, permitting requirements, community-related commitments, ongoing operational obligations, and sustaining lease payments may become more fully defined and can therefore increase the AISC from early estimates. The AISC excludes income taxes both provincial and federal as well as working-capital changes except for inventory adjustments on a sales basis; all financing charges other than lease-related financing; costs related to business combinations, asset acquisitions, or disposals; and one-time normalizing adjustments such as impairments, major severance costs, or legal settlements.
Original: LaFleur Minerals Announces Positive PEA Results for the Swanson Gold Deposit
CA Market News
3月前
LaFleur Minerals Announces Positive PEA Results for the Swanson Gold Deposit Highlighting Low CAPEX, Robust Economics, and Development Pathway to Gold Production at Its Beacon Gold MillMarch 3, 2026 7:28 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 3, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce the results of its Preliminary Economic Assessment ("PEA") for the proposed development of the Swanson Gold Deposit and existing mining lease ("Swanson Project" or the "Project"), confirming a technically straightforward, capital efficient project with significant economic returns. The PEA study was completed by independent global mining, environmental, and sustainability firm Environmental Resources Management ("ERM") Technical Mining Services Group and highlights the significant advantage of leveraging the Company's 100%-owned and refurbished Beacon Gold Mill, an existing C$49 million asset with a proven operating history and a permitted tailings storage facility (TSF) located only 20 kilometres east of the city of Val-d'Or, Québec, with direct access to CN railway infrastructure (Figure 1).The PEA demonstrates strong resilience by applying a US$2,750/oz gold price for the base case and maintaining leverage to current spot gold prices (~US$5,300/oz) and market conditions. The Project delivers compelling economics with an after-tax IRR of 65% and C$101 million NPV (5%) and an all-in sustaining cost (1AISC) of US$1,569/oz gold. The PEA confirms a robust business case that is cost-effective, low-complexity, and highlights a streamlined path to production leveraging LaFleur Minerals' fully permitted and wholly-owned Beacon Gold Mill, located in trucking distance from the Swanson Project. The PEA delineates strong free cash flow generation through a staged mill expansion to 1,250 tonnes per day (tpd), expected to materially lower operating costs through economies of scale. With a strategic rail-linked mine-to-mill model over the long-term, the Project demonstrates a low-capex, rapid payback, high return profile with significant leverage to rising gold prices, which combined with a meaningful increase in the Swanson Gold Deposit's Mineral Resource Estimate (MRE) that supports a seven-year mine life, further bolstering operational resilience.PEA HIGHLIGHTS(All figures are in Canadian Dollars unless otherwise noted)Compelling PEA Economics with Significant Returns at US$2,750/oz Gold (Base Case)Initial capital cost of C$31 million at the Swanson Gold Deposit and Beacon Gold Mill including ongoing restart and recommissioning work. After-tax IRR of 65% and C$101 million NPV (5%), and a 1.8-year payback.Industry competitive 1AISC of US$1,569/oz demonstrates profitability even at lower gold prices. Updated 2026 Mineral Resource Estimate (MRE) with 30% Increase in Indicated Mineral ResourcesThe updated 2026 MRE for the Swanson Gold Deposit includes an Indicated Mineral Resource of 2.96 Mt at 1.69 g/t Au for 160.3 koz of contained gold (combined open-pit and underground) and an Inferred Mineral Resource of 1.08 Mt at 1.93 g/t Au for 66.8 koz of contained gold (combined open pit and underground).A 30% increase in Indicated Mineral Resources ounces compared to the 2024 MRE, due to updated cut-off grades (COG) of 0.5 g/t Au using an open pit shell and 1.85 g/t Au using underground MSO shapes. Historical drilling data was validated by a program of 12 diamond drill holes completed by LaFleur Minerals in December 2025, which support the continuity and geological model used in the updated 2026 MRE.The 2026 MRE does not incorporate the positive results of the recently released diamond drill holes (refer to February 4, 2026 press release).Increased Feed Rate at Beacon Gold Mill to 1,250 tpd Improving Economies of Scale Increasing the Beacon Gold Mill's base case capacity to 1,250 tonnes per day (tpd) from its current 750?tpd capacity through the installation of a three-stage crushing circuit followed by a rod, ball, and stirred mill for additional grinding. This would represent a major step-change in throughput costing an estimated C$15?million in upgrades. The 750 tpd mill capacity would be upgraded in a step-wise manner to 1,250 tpd to match the mine output. Additional capital estimated at C$175 million could bring the mill from 1,250 tpd to 3,000 tpd or higher. ERM recommends that if additional mill feed is secured by LaFleur Minerals, a parallel mineral processing circuit of 3,000 tpd or higher could be added to the Beacon Gold Mill to match the secured additional feed from other mining projects. These expansion scenarios have not been evaluated in the current PEA and would be subject to separate technical and economic studies.Equipment suppliers, such as Bumigene Inc and others have already been engaged to support flowsheet optimization and finalize the upgraded plant design to 1,250 tpd. While the expanded configuration will require minimal additional labour, the higher-throughput equipment is expected to significantly improve productivity and reduce operating costs. Historically operating at about C$42/t, the Beacon Gold Mill is forecast to benefit from economies of scale, lowering operating costs to approximately C$28/t with the increased feed rate.Direct Mine-to-Mill Model: Swanson Gold Deposit to Beacon Gold Mill Directly Linked by CN Rail Track, Delivering a Major Logistics Advantage Compared to Other Gold Mining Projects in the RegionUtilizing the existing Canadian National (CN) railway track, which passes both, directly through the Swanson Gold Project and next to the Beacon Gold Mill, provides a clear logistical and cost advantage for a larger mining operation, with an estimated rail transport cost of approximately C$5/t compared with C$15/t for regional trucking as reviewed in a recent trade-off study.Rail transportation of mineralized material also offers a lower-carbon, community-safe, and operationally efficient method for moving mill feed. Mineralized material from the Swanson Gold Deposit could be loaded onto a dedicated, nearby rail spur and integrated into an existing manifest train already operating through the site, reducing diesel trucking requirements, limiting road traffic exposure, and enhancing overall environmental performance. Infrastructure Advantages and Proximity to Val-d'Or Enables a Capital-Efficient Owner-Contractor OperationThe Swanson Gold Deposit and the Beacon Gold Mill are both in very close proximity to Val-d'Or, a predominant mining camp, and surrounding communities, enabling a practical drive-in/drive-out workforce and eliminating the need for costly camp facilities or remote-site infrastructure and logistics. Swanson is easily accessed via an existing gravel road connected to the provincial highway network and benefits from year-round, all-weather access, allowing operations to be supported directly from the region's well-established mining service hub. This location provides increased availability of skilled trades, contractors, and equipment suppliers, allowing the Project to rely on existing contractor equipment fleets rather than purchasing a complete owner fleet, significantly reducing upfront capital requirements, while improving operational flexibility and maintenance response times.Cautionary Statement on Preliminary Economic Assessment ResultsThe Swanson Gold Deposit is an advanced-stage property with Mineral Resources and indicates potential economic viability based on the assumptions outlined in the PEA. This news release provides a summary of key scientific and technical work and data verification, with full details to be available in a technical report reporting the PEA results in accordance with National Instrument 43-101 ("NI 43-101") and filed on the Company's SEDAR+ profile within 45 days. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized.Paul Ténière, CEO of LaFleur Minerals, commented, "The results of this positive PEA indicate a capital-efficient development pathway for the Swanson Gold Deposit that leverages our nearby Beacon Mill and established infrastructure in the Val-d'Or mining district. With a modest initial capital requirement and mill upgrades and strong projected returns at a US$2,750 per ounce base-case gold price, we believe Swanson has the potential to evolve into a competitive and short-term gold development project within the Abitibi Gold Belt. Our focus now shifts to continued technical optimization, metallurgical and bulk sample validation, and permitting advancement as we evaluate the next phase of growth and progress toward restarting the Beacon Mill in 2026." Figure 1: Regional View of LaFleur's Beacon Gold Mill and Swanson Gold ProjectTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/286072_ac07e496a4634b89_001full.jpgThe PEA has an effective date of February 23, 2026. The economic analysis was completed using an AACE Class 4 capital estimate with an expected accuracy range of ±30-40%. No Mineral Reserves have been declared for the Swanson Gold Project. The PEA includes Inferred Mineral Resources and should not be considered a Pre-Feasibility or Feasibility Study.FREE CASH FLOW MODEL AND PROJECT COSTSFree Cash Flow Generated in PEA at 1,250 tpd Base CaseThe free cash flow model is based on a staged mill ramp-up from 750?tpd in Year?1, to 1,000?tpd in Year?2, reaching 1,250?tpd by Year?3. The Project generates positive cumulative free cash flow early in the mine life, which continues to build steadily, reaching approximately C$188?million by Year?8, after accounting for mine closure activities of roughly C$10?million beginning in Year?7 (Figure 2).Figure 2: Free Cash Flow (Incremental and Cumulative)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/286072_figure2.jpgProject Costs - Total capital costs are estimated at C$31 million including the 1,250 tpd mill upgrade, with an additional C$10 million in sustaining capital over the projected seven-year mine life at Swanson. Operating costs total C$166 million, supported by detailed assessments of labour, equipment, consumables, and materials, and include reclamation activities in years 7 and 8 (Table 1). Table 1: Capital, Sustaining, and Operating CostsCategory Capital CostsOperating Costs(name)($CDN millions)($CDN millions)Open Pit Mining$2$58Rail$2$13Mineral Processing$15$56Power, Electrical and Instrumentation$4$6Site Infrastructure and Support Services$2$6Water Management Systems$1$4Tailings and Mine Waste Management Facilities$1$6Reclamation and Closure-$10Owners Costs$4$8Total$31$166Sustaining Capital$10
Capital Costs - Total capital costs are estimated at C$31 million. These capital cost estimates align with AACE Class 4 estimate and incorporate a 15% contingency where appropriate. The capital estimate includes owner's costs for temporary facilities, insurance, freight, spare parts, and commissioning.Sustaining Capital - Sustaining capital totals C$10 million over the seven-year mine life. These costs cover the tailings facility upgrade as well as major equipment replacements and component renewals required during operations.Operating Costs - Operating costs over the seven-year mine life are estimated at C$166 million. These operating costs are supported by detailed assessments of labour, equipment, consumables, materials, and include mine reclamation activities, in years 7 and 8 which are incorporated directly into operating costs. The operating costs can be represented in $/tonne feed (Table 2).Table 2: Operating Costs per tonne feedCategory Operating Costs(name)($CDN/tonne feed) Mining $25 ($2.9/tonne mined) Rail $5 Milling $28 Reclamation $4 G&A $3 Total $65 2026 UPDATED MINERAL RESOURCE ESTIMATEThe PEA is supported by an updated MRE (2026 MRE) for the Swanson Gold Deposit completed in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014) and NI 43-101 (Table 3). The 2026 MRE includes an Indicated Mineral Resource of 2.96 Mt at 1.69 g/t Au for a total of 160 koz of contained gold, comprising 2.74 Mt at 1.62 g/t Au (142.5 koz) in open-pit configuration and 221 kt at 2.51 g/t Au (17.8 koz) in underground stope (MSO) shapes. The Inferred Mineral Resource includes 1.08 Mt at 1.93 g/t Au for a total of 66.8 koz of contained gold, including 854 kt at 1.75 g/t Au (48 koz) in open-pit areas and 225 kt at 2.60 g/t Au (18.8 koz) in underground extensions (Table 3).All resources are reported in situ, undiluted, within Zone 1-4 lithologies, and exclusive of mineral reserves, with contained ounces calculated using the standard conversion factor (tonnes × grade × 0.032151).Table 3: 2026 Updated MRE for the Swanson Gold Deposit (Effective date February 23, 2026)Resource
Classification Mining Method Tonnes (kt) Au Grade (g/t)Contained Au (koz)IndicatedOpen Pit2,7351.62142.5Underground2212.5117.8Total Indicated Resources2,9561.69160.3InferredOpen Pit8541.7548.0Underground2252.6018.8Total Inferred Resources1,0791.9366.8 MRE Statement Notes:Mineral Resources are reported in situ, undiluted, Zone 1 - 4 lithologies and exclusive of Mineral Reserves.Density Values of 2.9 tonnes/m3 were assigned where no density in the block model. The resource above has had an open pit shell and underground stope shapes applied and has Reasonable Prospects for Eventual Economic Extraction (RPEEE). The Qualified Person (QP) that assessed RPEEE is James Gardner, P.Eng. (OIQ). Mineral resources are not mineral reserves as they do not have demonstrated economic viability. The open-pit material RPEEE considers all blocks that may generate revenue, even at a small amount in the ultimate pit shell (revenue factor 100), generated using Datamine NPVS. This is not the optimized pit shell that maximizes NPV. The physical constraints that the Lerch Grossman algorithm uses are Rock wall angles of 18° overburden and 45° wall angle.(Lerchs-Grossmann algorithm) stripping ratio and the cost of waste blocks above the required amount to mine the mineralized, making a decision on each block and its unique economics. Revenue, Costs, Recovery, and Dilution applied to blocks:
Blocks within the ultimate pit shell had a cut-off-grade COG of 0.5 g/t applied, as shown in the equation below:The cut-off grade applied for RPEEE is the operational grade, which reflects the sunk mining cost of material once in a truck and is the grade at which operations should direct material to a low-grade stockpile, the mill, and keep it out of a waste rock dump. Factors used in the above equation are: Sales price of gold of US$2,500/oz converted to ($/g) minus selling costs, USD/CAD exchange rate of 1.4.Recovery of 90% mining and 84% milling (%).Costs of $40/tonne: comprising $5/t transport, $28/t processing, $4/t reclamation, and $3/t G&A.The Underground resources RPEEE were defined using Datamine's Mineable Shape Optimiser (MSO), which uses an operational cut-off grade and includes assumed operating development costs. At the time of the study, there was not yet enough material underground to warrant inclusion in the PEA's economic assessment. The physical dimensions of the generated stopes are as follows, with a minimum thickness of 5m applied, which relates to mining costs.5 metres thick, 20-m height and 20-m along strike.The COG calculation was based on a minimum thickness of 5 m for a high-productivity stope using modern equipment. This is not the same as the minimum minable thickness, which is 8ft for high grade deposits and handheld equipment. It is also based on observations about the geologically wireframed geometry of the deposit and what was known at the time of the study. A longhole open stoping, retreat or transverse method was selected. The COG formula above was used with the following assumptions:Sales price of gold of US$2,500/oz converted to ($/g) minus selling costs, USD/CAD exchange rate of 1.4.Recovery of 85% mining and 84% milling.Costs of $147/tonne: comprising $5/t transport, $28/t processing, $4/t reclamation, and $5/t G&A and $105/t mining for longhole.The QPs are not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, or marketing issues or any other relevant issue not reported in the Technical Report that could materially affect the Mineral Resources Estimate. OPEN-PIT MINE PLANA Val-d'Or-based contracting company would operate the Swanson Project, which the Company's technical and management team would manage. The operation would use a conventional surface mining method with diesel front-end loaders, three 100-tonne haul trucks, two rotary drills, a bulldozer, an explosives truck, and mine support equipment. The production rate would sustain mill feed at 1,250 tonnes per day or 440,000 tonnes per year. The production schedule is projected at 7 years and shows overburden removal in Year -1 and the gradual ramp up aligned with the mill (Y1-Y3). The average stripping ratio is 7.7 for the life of mine, the average grade each year is labelled in g/t in Figure 3. Annual payable gold ounces by resource category is shown in Figure 4.Figure 3: Mine ScheduleTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/286072_figure3.jpgFigure 4: Annual payable gold ounces by MRE categorizationTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/286072_figure%204.jpgMETALLURGY & PROCESSINGThe planned processing upgrades at the 100%-owned Beacon Gold Mill, including installation of a three-stage crushing circuit followed by rod, ball, and stirred milling, are designed to increase throughput to 1,250 tpd. By expanding capacity through enhancements to existing infrastructure and within current permit conditions, the Project maintains a low-capital efficient pathway to development without needing to increase the installed hydro-electric power of 4 MW currently onsite. Gold recovery is currently estimated at 84% based on metallurgical testwork completed by Agnico Eagle on the Swanson Gold Deposit in 2009. ERM is advancing the updated 1,250 tpd flowsheet through engagement with Bumigeme and third-party local equipment suppliers. Representative samples, totalling approximately 400 kg from the recent diamond drilling program from the Swanson Gold Deposit have been submitted to SGS Canada for metallurgical testing. The metallurgical program is focused on validating the proposed circuit configuration, optimizing the upgraded flowsheet, and refining the expected gold recovery for the enhanced design.ECONOMIC SENSITIVITY The PEA shows robust economics using a gold price of US$2,750/oz resulting in an after-tax NPV (5%) of C$101M, a 65% IRR, and a 1.8-year payback supported by a Class 4 ACCE estimate. The Project is further enhanced by detailed Bumigeme mill-upgrade estimates based on the current mill restart project that improve confidence to roughly ±30-40%. To assess the Project's economic sensitivity to changes in CAPEX, OPEX, exchange rate, and gold price, the Swanson Project's NPV sensitivity to these factors, expressed as a percentage of the base case, is shown in the graph below (Figure 5). The spider chart illustrates how variations in these cost and price parameters, expressed as percentage changes from the base case used in the PEA, impact the Project's after-tax NPV (5%). This sensitivity analysis is essential, as changes to the estimates used at the time of this release may occur over time. A gold price sensitivity range of US?$1,925/oz to US?$5,000/oz has been applied, reflecting the current spot gold price.Figure 5: Project NPV SensitivityTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/286072_figure5.jpgSTRATEGIC PEA RECOMMENDATIONS TO SUPPORT FUTURE INVESTMENT DECISIONSRight-Sizing the Beacon Gold Mill to Align with Resource Growth and Regional Opportunities: This could be achieved by (1) increasing the current resource of the Swanson Gold Deposit through additional diamond drilling along strike and at depth (ongoing), and adding other satellite deposits within the Swanson Gold Project currently undergoing exploration drilling programs for inclusion into an updated MRE and PEA, (2) LaFleur Minerals acquiring advanced gold mining projects either on the verge of, or currently permitted for mining, or (3) by advancing a regional hub-and-spoke strategy where other companies supply feed to Beacon Gold Mill in a custom milling scenario.An additional processing plant circuit should be added that can be designed to meet the size of the additional annual mill feed secured. For example, adding a parallel circuit to process over 3,000 tpd by crushing, grinding, gravity and flotation, to feed the existing cyanidation circuit would incur an estimated capital expense of C$175 million. This circuit would be designed to handle the additional feed beyond the Swanson Gold Deposit and could be used for custom milling (Figures 6 and 7). Metallurgy & Beacon Gold Mill Capacity Growth - Work Underway: Metallurgical test work with SGS and Bumigeme, and third-party equipment suppliers is already in progress to support increasing the Beacon Gold Mill throughput to 1,250 tpd, alongside early evaluation of a potential parallel processing flow sheet and additional ore sorting tests of Swanson mineralized material. Consideration should be made on an ad-hoc basis to future growth and how this would integrate with the 1,250 tpd case proposed in the PEA. Discussions are also in progress about the addition of a separate 3,000+ tpd circuit that would allow feed beyond Swanson and potentially for custom milling purposes. These expansion scenarios have not been evaluated in the current PEA and would be subject to separate technical and economic studies.In addition, LaFleur Minerals is in the final planning stages for an up to 100,000 tonne bulk sample from the Swanson Gold Deposit on the existing mining lease BM 885, with an environmental remediation and closure plan expected to be submitted to the Québec government by mid-2026. The bulk sample would be transported to the Beacon Gold Mill using trucks and is intended for metallurgical and process validation purposes and is not based on a production decision.Tailings Surface Facility Expansion Planning (Geotechnical, Hydrogeological & Environmental): Environmental baseline work is already advancing, while preparations are underway to launch geotechnical and hydrogeological studies that will support tailings expansion and pit slope design.CN Railway Planning and Collaboration: Active discussions with CN Rail are underway regarding relocation of the existing rail line and installation of a dedicated spur at the Swanson Gold Deposit and ore discharge at the Beacon Gold Mill, aimed at improving haul efficiency and reducing emissions.Figure 6: Beacon Gold MillTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/286072_ac07e496a4634b89_006full.jpgFigure 7: Beacon Gold MillTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/286072_ac07e496a4634b89_007full.jpgQUALIFIED PERSON STATEMENT AND DATA VERIFICATIONAll scientific and technical information in this news release has been prepared and approved by James Gardner, P.Eng. (OIQ), Principal Consultant, Engineer at ERM and considered an independent Qualified Person (QP) for the purposes of NI 43-101. The scientific and technical information in this news release has also been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101. The QP's have verified the sampling, analytical, and test data underlying the MRE and PEA results disclosed in this release by reviewing the Company's QAQC protocols, core and sample logs, metallurgical test results, original assay certificates, and assay database. The QP's noted no sampling or recovery issues with the technical data that would impact the MRE and PEA results disclosed in this news release.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. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info @piper66 West Georgia Street
Vancouver, BC V6E 4N7
Website: www.lafleurminerals.com | LinkedIn | Twitter/X | InstagramNeither 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" InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the results of the Preliminary Economic Assessment ("PEA") on the Swanson Gold Project, the contemplated refurbishment and restart of the Beacon Gold Mill, projected production rates, mine life, capital and operating costs, economic returns (including NPV and IRR), development timelines, permitting, financing and other economic and technical parameters. Forward-looking statements are generally identified by words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", and similar expressions.The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the PEA results will be realized.Forward-looking statements are based on a number of assumptions, including with respect to Mineral Resource estimates, gold prices, exchange rates, capital and operating costs, metallurgical recoveries, the ability to obtain required approvals, the availability of financing, and the successful refurbishment and operation of the Beacon Gold Mill. Actual results may differ materially due to risks and uncertainties, including those related to resource estimation, cost escalation, commodity price fluctuations, permitting, financing, operational risks and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update such statements.1All in Sustaining Costs (AISC) Summary - World Gold Council
The World Gold Council’s AISC metric captures the cost of sustaining current operations. The PEA estimated at AACE class 4 has included operating costs, site G&A, sustaining capital, project capital including reclamation and remediation, and royalties and Québec production taxes into AISC. As the Project advances into operations, permitting requirements, community-related commitments, ongoing operational obligations, and sustaining lease payments may become more fully defined and can therefore increase the AISC from early estimates. The AISC excludes income taxes both provincial and federal as well as working-capital changes except for inventory adjustments on a sales basis; all financing charges other than lease-related financing; costs related to business combinations, asset acquisitions, or disposals; and one-time normalizing adjustments such as impairments, major severance costs, or legal settlements. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286072
Original: LaFleur Minerals Announces Positive PEA Results for the Swanson Gold Deposit Highlighting Low CAPEX, Robust Economics, and Development Pathway to Gold Production at Its Beacon Gold Mill
CA Market News
4月前
LaFleur Minerals Progressing Towards Gold Pour at Beacon Gold Mill in Val-d'Or, QuébecFebruary 18, 2026 9:01 AM
InvestorsHub NewsWireLaFleur Minerals Progressing Towards Gold Pour
at Beacon Gold Mill in Val-d'Or, Québec
VANCOUVER, BC – February 18, 2026 InvestorsHub NewsWire -- LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide an update on the advancement of its Beacon Gold Mill restart plans, further to the Company's press release dated January 26, 2026, which outlined its near-term production strategy and the ongoing advancement of its comprehensive Preliminary Economic Assessment ("PEA"). The Company's assets, the Swanson Gold Deposit and Beacon Gold Mill, lie in the heart of the Val-d'Or, Québec mining camp, on the prolific Abitibi Greenstone Belt, Canada's largest gold producing region.
Valley of Gold, Val-d'Or, Québec
The Val-d'Or/Rouyn-Noranda mining camp is a premier gold mining hub within the Abitibi Greenstone Belt of Québec with over 73 million ounces of gold produced from 1926 to 2019 (source: DigiGeoData). The Val-d'Or mining district, known as the "Valley of Gold," is characterized by Archean greenstone-hosted orogenic gold deposits typically found in quartz-tourmaline-carbonate veins. The Lamaque Complex is located in Val-d'Or and operated by Eldorado Gold Inc. Commercial production was declared at the Triangle mine on March 31, 2019, and has since produced over 1 Moz of gold (source: Eldorado Gold website). The Lamaque Complex deposits are located within the prolific Val-d'Or district that hosts the historical Lamaque and Sigma Mines. Collectively, these mines produced nearly 9.5 million ounces of gold between 1937 and 2012 (source: Cowen, E.J, 2020. Miner Deposita 55, p217-240). The region is host to numerous other gold deposits or exploration stage projects that surround LaFleur Minerals' 100%-owned Beacon Gold Mill (Figure 1). Please note that mineralization on these adjacent properties is not necessarily indicative of mineralization on the Company's properties.
Figure 1: Regional View of LaFleur's Beacon Gold Mill and Swanson Gold Project
LaFleur Minerals: Restarting Gold Production at 100%-Owned Mill in the Valley of Gold
LaFleur's Minerals Beacon Gold Mill, Swanson Gold Deposit, and Beacon Tailings Pond are situated centrally within the prolific southern Abitibi Greenstone Belt. The Beacon Gold Mill, located in the heart of this mining camp, underwent more than $20 million in recent upgrades and modernization prior to its most recent gold production in 2022, when gold prices were approximately $2,000 per ounce. Today, with gold prices significantly higher, breaking above $4,900 per ounce, the Company believes that the strategic value of owning the fully permitted Beacon Gold Mill, Tailings Pond, and related infrastructure within such a prolific gold district provides a compelling foundation for near-term gold production and long-term district-scale growth.
Beacon Mill Restart Progress
Refurbishment and site upgrade activities are progressing well. As of today, work continues to advance steadily across critical plant systems, with several major components now refurbished or nearing operational readiness.
Electrical upgrades and winterization improvements have largely been completed, helping ensure reliable year-round operations. On the mechanical side, numerous pumps, material handling systems, and key processing components have been inspected, repaired, and prepared for restart. Structural integrity inspections have confirmed the plant remains in good condition. Modern safety upgrades, including hydroelectric, fire protection, and enhanced security surveillance, are now in place.
To date, approximately 30% of the total budget has been spent on the project, which remains firmly under cost control, with substantial physical progress achieved while maintaining strong financial flexibility.
These initiatives represent important milestones as the Company prepares for re-commissioning and the mill's restart, anchored by a vertically-integrated mine-to-mill portfolio that includes the Company's Swanson Gold Deposit, just 60 kilometres from the Beacon Gold Mill, the Beacon Gold Mill and Tailings Pond. LaFleur Minerals' strategy focuses on combining resource development at the Swanson Gold Deposit with the permitted Beacon Gold Mill to accelerate the pathway to production.
Figure 2: LaFleur's Beacon Gold Mill
Figure 3: Inside LaFleur's Beacon Gold Mill
Figure 4: Inside LaFleur's Beacon Gold Mill
Figure 5: Inside LaFleur's Beacon Gold Mill, Agitator
Swanson Gold Continues to Deliver Results
Swanson Gold Deposit's recent drill campaign has validated strong gold continuity, long mineralized intercepts including a standout intercept of 2.05 g/t Au over 158.25 metres (Hole SW-25-066), narrow high-grade results including 121.0 g/t Au over 1.1 metres and new shallow discoveries beyond the current Swanson Deposit footprint, reinforcing Swanson's potential as a scalable, district-scale gold asset and long-term source of mill feed for the Company's nearby Beacon Gold Mill (refer to press release dated February 4, 2026).
Paul Ténière, Chief Executive Officer of LaFleur Minerals Inc. commented, "LaFleur Minerals has assembled what we believe is a technically differentiated and strategically rare asset base for a company at our stage of development. After only ~18 months of listing on the CSE, we control a district-scale exploration project at the Swanson Gold Deposit as potential primary feed source, the Beacon Tailings Pond, and fully permitted processing infrastructure, the Beacon Gold Mill. It is highly uncommon for emerging resource companies to simultaneously hold a large-scale exploration land package and access to owned milling infrastructure, particularly this early in their corporate lifecycle. LaFleur Minerals is advancing its PEA in parallel with the refurbishment of an existing processing facility, materially compressing the timeline between resource delineation and potential production. As our PEA approaches completion, targeted for March 2026, and as we prepare for pre-operational tests and system checks at the Beacon Gold Mill in the coming months, we are transitioning from pure exploration and development to gold production execution, positioning LaFleur Minerals as a near-term production story supported by tangible infrastructure and a district-scale growth platform."
The Company's impending PEA will provide updated economic metrics and a development roadmap aligned with its near-term production objectives. Concurrently, mill refurbishment activities remain on schedule, positioning LaFleur for operational readiness as market conditions remain favourable. With gold prices now exceeding $4,900 per ounce, the strategic value of controlling both feed and processing capacity becomes even more significant. LaFleur Minerals' integrated asset portfolio provides optionality, capital efficiency, and operational leverage to gold price appreciation.
Further updates will be provided as key milestones are achieved.
Figure 6: LaFleur's Swanson Gold Project, Drilling
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 of the Company and considered a Qualified Person (QP) 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. The Company's mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Website: www.lafleurminerals.com | LinkedIn | Twitter/X | Instagram
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 new 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 are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. 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 applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Original: LaFleur Minerals Progressing Towards Gold Pour at Beacon Gold Mill in Val-d'Or, Québec
CA Market News
4月前
LaFleur Minerals Reports Assay Results Highlighting 2.05 g/t Au over 158.25 metres, Confirming Strong Gold Continuity at Swanson Gold ProjectFebruary 5, 2026 5:29 AM
InvestorsHub NewsWire
Mr. Paul Ténière reports:
Vancouver, British Columbia --February 5, 2026 - InvestorsHub NewsWire -- LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce drilling assay results from 12 validation drill holes completed at its Swanson Gold Deposit, as well as 28 additional regional exploration drill holes on the larger property. To date, LaFleur Minerals has reported results for 60 drill holes totalling 16,592 metres during its maiden drilling program in 2025. The validation drilling at LaFleur Minerals' Swanson Gold Project has confirmed strong gold continuity, long mineralized intercepts, and new shallow discoveries beyond the current Swanson Deposit footprint, reinforcing Swanson's potential as a scalable, district-scale gold asset. These results significantly enhance the Project's development thesis, support the forthcoming Preliminary Economic Assessment ("PEA") anticipated to be released in the next month, and positions Swanson as a long-term source of mill feed for the Company's nearby Beacon Gold Mill.
SUMMARY OF VALIDATION ASSAY RESULTS
The validation drilling has confirmed the size, continuity, and widespread nature of gold mineralization at the Swanson Gold Deposit. Significant assay intersections include:
2.05 g/t Au over 158.25 metres (SW-25-066)
1.15 g/t Au over 80.3 metres (SW-25-073)
1.37 g/t Au over 80.8 metres (SW-25-074)
2.97 g/t Au over 66.0 metres, including 91.1 g/t Au over 1.5 metres (SW-25-075)
3.15 g/t Au over 51.4 metres, including 92.9 g/t Au over 0.75 metres (SW-25-077)
SUMMARY OF REGIONAL EXPLORATION ASSAY RESULTS
The regional exploration drilling has intersected shallow gold mineralization outside of the Swanson Gold Deposit, showcasing the potential of additional open-pit gold deposits on this vast property. Significant assay intersections include:
1.58 g/t Au over 11.05 metres (SW-25-040)
0.67 g/t Au over 7.45 metres (SW-25-041)
5.78 g/t Au over 2.05 metres (SW-25-042)
1.41 g/t Au over 6.00 metres (SW-25-046)
VALIDATION DRILLING PROGRAM
The validation drilling program was undertaken as part of the data verification process in preparation for the Company's upcoming PEA and Technical Report completed in accordance with National Instrument 43-101 ("NI 43-101"). The validation drilling at the Swanson Gold Project has delivered compelling technical information that provides a foundation to establish an estimate of the deposit's scale, continuity, and economic relevance, materially strengthening confidence in both the geological model and the Project's development pathway.
The drilling program has confirmed the presence of broad, continuous, near-surface gold mineralization, returning multiple long intercepts with consistent gold grades, highlighted by 2.05 g/t Au over 158.25 metres, with narrow high-grade results including 121.0 g/t Au over 1.1 metres that assist to de-risk the Project and strengthen its development thesis and open-pit potential. Importantly, the drilling addressed key limitations in the existing resource model by connecting previously discontinuous mineralized zones and infilling large gaps outside the current pit shell. These outcomes are expected to improve mineral resource classification, and reduce projected strip ratios, providing a stronger technical basis for the forthcoming PEA and positioning Swanson as a credible, long-term source of mineralized material for the Company's nearby, fully-permitted Beacon Gold Mill, which is nearing production restart.
The drilling program at the Swanson Gold Deposit comprised 12 drill holes totalling 2,619 metres (refer to Table 1 and Table 2 for details). The primary objectives of the program were to:
Validate historical drilling data to increase confidence in the geological model and mineral resource classifications;
Confirm the continuity and scale of the mineralized system and assess the potential for further expansion;
Collect drill core material for ongoing density measurements, ore-sorting and metallurgical test work; and
Provide key data to refine deposit interpretation and enhance the current Mineral Resource Estimate, supporting the delivery of a technically robust PEA as the Company continues to expand its land package and known resources.
The drill holes were positioned as close as possible to historical drill hole locations and within the limits of the proposed pit shell. Target selection was based on a preliminary assessment of parameters likely to influence the economic viability of a potential open-pit mining operation (Figure 1).
The Swanson Gold Deposit benefits from an extensive historical database, including more than 36,000 metres of drilling across 242 drill holes. This historical work outlines broad zones of mineralization as well as numerous high-grade, significant intercepts. The majority of historical drilling within the proposed pit limits was completed by Lac Minerals (1982-1987), Phoenix Matachewan Mines (2003), and Agnico Eagle Mines (2006-2011).
The drilling program is intended to confirm the continuity of the high-grade shear zones identified in the current Mineral Resource Estimate as part of the data verification process for the PEA. In addition, the program addresses gaps in the existing resource model by connecting previously discontinuous zones of mineralization where historical sampling was limited or absent. This work has the potential to improve estimates of total contained gold ounces and reduce the projected strip ratio.
Table 1: Drill Collar Locations - Validation Holes at Swanson
Drill collar coordinates in UTM NAD83, Zone 18
Table 2: Significant assay results table from validation drilling at Swanson
Reported intervals are drilled core lengths (true widths have not yet been determined)
Figure 1: Validation drill holes in relation to pitshell and interpreted wireframes
REGIONAL EXPLORATION DRILLING ACTIVITIES
In addition to the Swanson Gold Deposit validation drilling, the Company has been actively advancing exploration programs across the broader Swanson Gold Project. The Company is currently reporting on an additional 28 regional exploration drill holes, totalling 6,617 metres:
Regional greenfield exploration across the Swanson property, which comprises more than 459 claims covering approximately 18,300 hectares;
Drilling to verify and test the continuity of historical mineral showings
Drill test targets developed from the 2025 regional explorations programs including airborne geophysics, ground IP, soil Geochem and prospecting.
Best results from the most recent regional exploration holes by LaFleur, were in the area of the Jackson Showing discovered in 1932. The Jackson Showing is located approximately 6.2 km to the SW of the Swanson Deposit, proximal to the same regional NE-SW trending fault structure that is adjacent to the Swanson Gold Deposit. All four holes drilled by LaFleur in the area of the Jackson showing intersected shallow, near surface mineralization that included; 1.58 g/t Au over 11.05 metres (SW-25-040), 0.67 g/t Au over 7.45 metres (SW-25-041), 5.78 g/t Au over 2.05 metres (SW-25-042) and 1.41 g/t Au over 6.00 metres (SW-25-046) (refer to Table 3 and Table 4 for details). Additional drilling will be warranted by the Company to determine if such a shallow deposit could represent a viable satellite deposit capable of providing additional feed to the Beacon Gold Mill.
Table 3: Drill Collar Locations - Regional Exploration Holes at Swanson
Drill collar coordinates in UTM NAD83, Zone 18
Table 4: Significant assay results table from Regional Exploration
Reported intervals are drilled core lengths (true widths have not yet been determined)
Figure 2: Location of Regional Exploration drill holes
VAL D'OR REGION: AN AREA RICH IN GOLD BUT RARE IN CUSTOM MILLING OPTIONS
The Val-d'Or region, located within Québec's prolific Abitibi Gold Belt, is one of the most richly endowed gold districts globally, hosting numerous past-producing mines and a dense concentration of advanced exploration and development projects. The area surrounding LaFleur Minerals' Beacon Gold Mill is particularly prospective, with multiple nearby deposits reporting meaningful gold assays, including projects operated or advanced by Cartier Resources, Abcourt Mines, Amex Exploration, Radisson Mining, Probe Gold, among others. Despite this abundance of high-quality gold deposits, the region faces a significant shortage of available milling and processing infrastructure, creating a bottleneck for advancing many projects into production. The Beacon Gold Mill's strategic location, fully permitted status, and refurbishment underscore the urgency and opportunity to restart gold production, positioning the mill as a critical hub capable of supporting nearby satellite deposits and unlocking regional gold ounces that currently lack a viable path to production.
SAMPLING, QAQC, AND LABORATORY ANALYSIS SUMMARY
All core logging and sampling completed by LaFleur Minerals as part of its diamond drilling program is subject to a strict standard for Quality Control and Quality Assurance (QAQC), which include the insertion of certified reference materials (standards), blank materials, and field duplicate analysis. NQ-diameter sawed half-core samples from the drilling program at Swanson were securely sent by Company geologists to AGAT Laboratories Ltd. (AGAT), with sample preparation in Val-d'Or, Québec and analysis in Thunder Bay, Ontario, where samples were processed for gold analysis by 50-gram fire assay with an atomic absorption finish. Samples from selected holes were securely sent to AGAT in Calgary, Alberta, for multi-element analysis (including silver) by inductively coupled plasma (ICP) method with a four-acid digestion. AGAT sample preparation and laboratory analysis procedures conform to requirements of ISO/IEC Standard 17025 guidelines and meet the requirements under NI 43-101 and CIM best practice guidelines. AGAT is independent of LaFleur Minerals.
WORK IN PROGRESS
The Company is continuing diamond drilling in the area of the Swanson Deposit, which includes exploration drill holes below the current extent of the holes on the Swanson Deposit, as well as fill-in larger gaps within the limits of the current mineral resource.
The Company has also resumed regional exploration drill holes, particularly in the southeast and east parts of the property.
Additional drilling assay results will be released once available.
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 of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101. The QP has verified the analytical data underlying the drilling assay results disclosed in this release by reviewing the Company's QAQC protocols, core and sample logs, original assay certificates, and assay database. The QP notes no sampling or recovery issues with the drilling and assay data disclosed in this news release.
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. The Company's mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: 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 new 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 are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. 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 applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Original: LaFleur Minerals Reports Assay Results Highlighting 2.05 g/t Au over 158.25 metres, Confirming Strong Gold Continuity at Swanson Gold Project
CA Market News
4月前
LaFleur Minerals Reports Assay Results Highlighting 2.05 g/t Au over 158.25 metres, Confirming Strong Gold Continuity at Swanson Gold ProjectFebruary 4, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce drilling assay results from 12 validation drill holes completed at its Swanson Gold Deposit, as well as 28 additional regional exploration drill holes on the larger property. To date, LaFleur Minerals has reported results for 60 drill holes totalling 16,592 metres during its maiden drilling program in 2025. The validation drilling at LaFleur Minerals' Swanson Gold Project has confirmed strong gold continuity, long mineralized intercepts, and new shallow discoveries beyond the current Swanson Deposit footprint, reinforcing Swanson's potential as a scalable, district-scale gold asset. These results significantly enhance the Project's development thesis, support the forthcoming Preliminary Economic Assessment ("PEA") anticipated to be released in the next month, and positions Swanson as a long-term source of mill feed for the Company's nearby Beacon Gold Mill.SUMMARY OF VALIDATION ASSAY RESULTSThe validation drilling has confirmed the size, continuity, and widespread nature of gold mineralization at the Swanson Gold Deposit. Significant assay intersections include:2.05 g/t Au over 158.25 metres (SW-25-066)1.15 g/t Au over 80.3 metres (SW-25-073)1.37 g/t Au over 80.8 metres (SW-25-074)2.97 g/t Au over 66.0 metres, including 91.1 g/t Au over 1.5 metres (SW-25-075)3.15 g/t Au over 51.4 metres, including 92.9 g/t Au over 0.75 metres (SW-25-077)SUMMARY OF REGIONAL EXPLORATION ASSAY RESULTSThe regional exploration drilling has intersected shallow gold mineralization outside of the Swanson Gold Deposit, showcasing the potential of additional open-pit gold deposits on this vast property. Significant assay intersections include:1.58 g/t Au over 11.05 metres (SW-25-040)0.67 g/t Au over 7.45 metres (SW-25-041)5.78 g/t Au over 2.05 metres (SW-25-042)1.41 g/t Au over 6.00 metres (SW-25-046)VALIDATION DRILLING PROGRAMThe validation drilling program was undertaken as part of the data verification process in preparation for the Company's upcoming PEA and Technical Report completed in accordance with National Instrument 43-101 ("NI 43-101"). The validation drilling at the Swanson Gold Project has delivered compelling technical information that provides a foundation to establish an estimate of the deposit's scale, continuity, and economic relevance, materially strengthening confidence in both the geological model and the Project's development pathway.The drilling program has confirmed the presence of broad, continuous, near-surface gold mineralization, returning multiple long intercepts with consistent gold grades, highlighted by 2.05 g/t Au over 158.25 metres, with narrow high-grade results including 121.0 g/t Au over 1.1 metres that assist to de-risk the Project and strengthen its development thesis and open-pit potential. Importantly, the drilling addressed key limitations in the existing resource model by connecting previously discontinuous mineralized zones and infilling large gaps outside the current pit shell. These outcomes are expected to improve mineral resource classification, and reduce projected strip ratios, providing a stronger technical basis for the forthcoming PEA and positioning Swanson as a credible, long-term source of mineralized material for the Company's nearby, fully-permitted Beacon Gold Mill, which is nearing production restart.The drilling program at the Swanson Gold Deposit comprised 12 drill holes totalling 2,619 metres (refer to Table 1 and Table 2 for details). The primary objectives of the program were to:Validate historical drilling data to increase confidence in the geological model and mineral resource classifications;Confirm the continuity and scale of the mineralized system and assess the potential for further expansion;Collect drill core material for ongoing density measurements, ore-sorting and metallurgical test work; andProvide key data to refine deposit interpretation and enhance the current Mineral Resource Estimate, supporting the delivery of a technically robust PEA as the Company continues to expand its land package and known resources.The drill holes were positioned as close as possible to historical drill hole locations and within the limits of the proposed pit shell. Target selection was based on a preliminary assessment of parameters likely to influence the economic viability of a potential open-pit mining operation (Figure 1).The Swanson Gold Deposit benefits from an extensive historical database, including more than 36,000 metres of drilling across 242 drill holes. This historical work outlines broad zones of mineralization as well as numerous high-grade, significant intercepts. The majority of historical drilling within the proposed pit limits was completed by Lac Minerals (1982-1987), Phoenix Matachewan Mines (2003), and Agnico Eagle Mines (2006-2011).The drilling program is intended to confirm the continuity of the high-grade shear zones identified in the current Mineral Resource Estimate as part of the data verification process for the PEA. In addition, the program addresses gaps in the existing resource model by connecting previously discontinuous zones of mineralization where historical sampling was limited or absent. This work has the potential to improve estimates of total contained gold ounces and reduce the projected strip ratio.Table 1: Drill Collar Locations - Validation Holes at SwansonHole-IDUTM - EastUTM - NorthAzimuth DipLengthSW-25-066310633538110088-45252SW-25-0683106925381166178-44240SW-25-0693107125381161184-46255SW-25-070310611538111117848201SW-25-0713107045381197180-50270SW-25-0723106995381037200-55240SW-25-0733107325381163180-46231SW-25-0743106995381163177-51195SW-25-0753106695381163177-48231SW-25-0763106215381077177-47144SW-25-0773106425381133181-48204SW-25-0783107035381036176-83156 Drill collar coordinates in UTM NAD83, Zone 18 Table 2: Significant assay results table from validation drilling at SwansonHole-IDFrom (m)To (m)Length (m)Au (g/t)SW-25-0666.0010.004.001.70SW-25-06627.2528.851.603.01SW-25-06654.4055.601.203.56Incl.55.2555.60.3510.00SW-25-06682.50240.75158.252.05Incl.82.5088.906.408.61Incl.121.20121.700.5011.90Incl.190.90192.151.2517.60Incl.239.65240.751.10121.00SW-25-06825.5088.0062.500.92Incl.75.0081.006.003.37SW-25-068123.05183.0059.950.59Incl.138.78145.506.722.36SW-25-0699.45155.30145.850.80Incl.65.6071.005.405.18SW-25-07066.50104.0037.500.35SW-25-07163.2099.0035.801.06Incl.70.1672.001.844.79SW-25-071192.00206.5214.520.31SW-25-07219.3034.5015.200.48SW-25-07317.5097.8080.301.15Incl.67.7070.202.503.75Incl.79.9081.401.507.18Incl.85.0088.803.802.99Incl.97.0097.800.805.12SW-25-073154.00186.0032.001.11Incl.155.00160.505.503.59Incl.184.00185.001.003.88SW-25-0749.2090.0080.801.37Incl.37.5039.001.505.13Incl.65.5068.503.003.13Incl.77.0083.856.854.30SW-25-0758.9090.0081.101.29Incl.22.3523.801.454.00Incl.68.0070.502.509.63SW-25-075116.00182.0066.002.97Incl.163.00165.002.003.30Incl.172.00173.501.5091.10SW-25-07612.0042.1030.102.22Incl.18.0020.752.756.33Incl.41.1042.101.0030.60SW-25-07710.5015.004.501.14SW-25-07788.90140.3051.403.15Incl.88.9096.357.4519Incl.89.7590.500.7592.90Incl.95.0096.351.3540.20SW-25-07843.55100.5557.000.29Reported intervals are drilled core lengths (true widths have not yet been determined) Figure 1: Validation drill holes in relation to pitshell and interpreted wireframesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/282637_82b90b8f84f948a9_001full.jpgREGIONAL EXPLORATION DRILLING ACTIVITIESIn addition to the Swanson Gold Deposit validation drilling, the Company has been actively advancing exploration programs across the broader Swanson Gold Project. The Company is currently reporting on an additional 28 regional exploration drill holes, totalling 6,617 metres:Regional greenfield exploration across the Swanson property, which comprises more than 459 claims covering approximately 18,300 hectares;Drilling to verify and test the continuity of historical mineral showingsDrill test targets developed from the 2025 regional explorations programs including airborne geophysics, ground IP, soil Geochem and prospecting.Best results from the most recent regional exploration holes by LaFleur, were in the area of the Jackson Showing discovered in 1932. The Jackson Showing is located approximately 6.2 km to the SW of the Swanson Deposit, proximal to the same regional NE-SW trending fault structure that is adjacent to the Swanson Gold Deposit. All four holes drilled by LaFleur in the area of the Jackson showing intersected shallow, near surface mineralization that included; 1.58 g/t Au over 11.05 metres (SW-25-040), 0.67 g/t Au over 7.45 metres (SW-25-041), 5.78 g/t Au over 2.05 metres (SW-25-042) and 1.41 g/t Au over 6.00 metres (SW-25-046) (refer to Table 3 and Table 4 for details). Additional drilling will be warranted by the Company to determine if such a shallow deposit could represent a viable satellite deposit capable of providing additional feed to the Beacon Gold Mill.Table 3: Drill Collar Locations - Regional Exploration Holes at SwansonHole-IDUTM - EastUTM - NorthAzimuth DipLengthSW-25-0393073635375867200-50240SW-25-0403074245375893200-50204SW-25-0413074835375900200-50201SW-25-0423074455375972200-45231SW-25-0433077825376159200-50225SW-25-0443076935377050200-50207SW-25-0453067895376269200-50201SW-25-0463068315376033200-50240SW-25-0473068065375641200-50201SW-25-0483087105380121180-50237SW-25-0493080565380009180-50234SW-25-0503078315380568180-50234SW-25-0513079465381496200-50203.7SW-25-0523193135368164225-50282SW-25-0533189865368052225-50204SW-25-0543190765368177225-50216SW-25-0553191425368298225-50237SW-25-0563189555368311225-50231SW-25-0573198695367565225-50216SW-25-0583197785368679225-50204SW-25-0593203975369567230-50.07230.3SW-25-0603209755367396230-50243.4SW-25-0613079325376096200-50252SW-25-0623087595376922210-50282SW-25-0633093505378085180-50318SW-25-0643095505378085180-50330SW-25-0653070065375936200-50264SW-25-0673063005376307200-50249Drill collar coordinates in UTM NAD83, Zone 18 Table 4: Significant assay results table from Regional ExplorationHole-IDFrom (m)To (m)Length (m)Au (g/t)SW-25-03947.8048.500.703.71SW-25-04083.8594.9011.051.58Incl.84.7086.702.004.14And93.0593.900.857.08SW-25-04188.3595.807.450.67SW-25-042166.40168.452.055.78SW-25-043NSA
SW-25-044NSA
SW-25-045NSA
SW-25-046133.50138.605.100.44SW-25-046213.00219.006.001.41SW-25-047NSA
SW-25-048NSA
SW-25-049NSA
SW-25-050NSA
SW-25-051NSA
SW-25-052279.90280.600.701.68SW-25-053NSA
SW-25-054120.42121.501.080.91SW-25-05536.5937.210.620.57SW-25-056NSA
SW-25-057NSA
SW-25-058NSA
SW-25-05985.3087.261.960.96SW-25-060NSA
SW-25-061NSA
SW-25-06287.0088.451.451.76SW-25-063NSA
SW-25-064148.50162.0013.500.32SW-25-06567.0070.003.000.68SW-25-06758.0059.001.0051.10Reported intervals are drilled core lengths (true widths have not yet been determined) Figure 2: Location of Regional Exploration drill holesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/282637_82b90b8f84f948a9_002full.jpgVAL D'OR REGION: AN AREA RICH IN GOLD BUT RARE IN CUSTOM MILLING OPTIONS The Val-d'Or region, located within Québec's prolific Abitibi Gold Belt, is one of the most richly endowed gold districts globally, hosting numerous past-producing mines and a dense concentration of advanced exploration and development projects. The area surrounding LaFleur Minerals' Beacon Gold Mill is particularly prospective, with multiple nearby deposits reporting meaningful gold assays, including projects operated or advanced by Cartier Resources, Abcourt Mines, Amex Exploration, Radisson Mining, Probe Gold, among others. Despite this abundance of high-quality gold deposits, the region faces a significant shortage of available milling and processing infrastructure, creating a bottleneck for advancing many projects into production. The Beacon Gold Mill's strategic location, fully permitted status, and refurbishment underscore the urgency and opportunity to restart gold production, positioning the mill as a critical hub capable of supporting nearby satellite deposits and unlocking regional gold ounces that currently lack a viable path to production.SAMPLING, QAQC, AND LABORATORY ANALYSIS SUMMARY All core logging and sampling completed by LaFleur Minerals as part of its diamond drilling program is subject to a strict standard for Quality Control and Quality Assurance (QAQC), which include the insertion of certified reference materials (standards), blank materials, and field duplicate analysis. NQ-diameter sawed half-core samples from the drilling program at Swanson were securely sent by Company geologists to AGAT Laboratories Ltd. (AGAT), with sample preparation in Val-d'Or, Québec and analysis in Thunder Bay, Ontario, where samples were processed for gold analysis by 50-gram fire assay with an atomic absorption finish. Samples from selected holes were securely sent to AGAT in Calgary, Alberta, for multi-element analysis (including silver) by inductively coupled plasma (ICP) method with a four-acid digestion. AGAT sample preparation and laboratory analysis procedures conform to requirements of ISO/IEC Standard 17025 guidelines and meet the requirements under NI 43-101 and CIM best practice guidelines. AGAT is independent of LaFleur Minerals.WORK IN PROGRESSThe Company is continuing diamond drilling in the area of the Swanson Deposit, which includes exploration drill holes below the current extent of the holes on the Swanson Deposit, as well as fill-in larger gaps within the limits of the current mineral resource.The Company has also resumed regional exploration drill holes, particularly in the southeast and east parts of the property. Additional drilling assay results will be released once available.QUALIFIED PERSON STATEMENT AND DATA VERIFICATIONAll scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person (QP) for the purposes of NI 43-101. The QP has verified the analytical data underlying the drilling assay results disclosed in this release by reviewing the Company's QAQC protocols, core and sample logs, original assay certificates, and assay database. The QP notes no sampling or recovery issues with the drilling and assay data disclosed in this news release. 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. The Company's mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info @piper66 West Georgia Street
Vancouver, BC V6E 4N7Neither 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 new 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 are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. 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 applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282637
Original: LaFleur Minerals Reports Assay Results Highlighting 2.05 g/t Au over 158.25 metres, Confirming Strong Gold Continuity at Swanson Gold Project
CA Market News
4月前
LaFleur Minerals Updates PEA and Beacon Gold Mill Restart WorkJanuary 30, 2026 6:00 AM
InvestorsHub NewsWireVancouver, British Columbia -- InvestorsHub NewsWire - January 29, 2026 - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company" or "Issuer") is pleased to announce major advancements with its Swanson Gold Deposit and Beacon Gold Mill which includes the advancement of technical studies evaluating the restart of gold production and retrofits to increase production rates at Beacon, as well as establishing requirements to expand its existing permitted tailings facility, all key components supporting the upcoming Preliminary Economic Assessment (PEA), which are in the final stage. The significant progress of key technical, metallurgical and infrastructure milestones for the PEA is integral to a disciplined, capital-efficient mill restart, which includes recently finalized positive verification of historical drilling with results to be announced near-term and ongoing recommissioning work at the Company's wholly-owned Beacon Gold Mill.
Inside Quebec's Beacon Gold Mill: How a Restart Is Being Planned
PATH TO GOLD PRODUCTION RESTART AT BEACON GOLD MILL:
Figure 1: Beacon Gold Mill located in Val d'Or, Québec
The Beacon Gold Mill last operated in 2022 with gold prices in the $1,800-2,000/oz range. With gold prices currently exceeding $4,900/oz, Lafleur is laser focused on restarting gold production at the Beacon Gold Mill leveraging supply from its 100%-owned district-scale Swanson Gold Deposit, located only ~50 km away, forming its vertically-integrated production model. The Swanson Gold Project, one of the largest gold exploration land packages in the Abitibi Gold Belt, Val-d'Or, Québec, holds a 43-101 compliant open pit and underground mineral resource; Total Indicated Mineral Resource Estimate of 2,113,000 t with an average grade of 1.8 g/t gold for 123,400 oz of contained gold, and Total Inferred Mineral Resource Estimate of 872,000 t with an average grade of 2.3 g/t gold for 64,500 oz of contained gold (MRE effective September 17, 2024 and reported in updated NI 43-101 technical report dated July 29, 2025). With a fully permitted tailings storage facility and proximity to established mining infrastructure, the Beacon Gold Mill offers a strategic ready to restart gold mill at a time when gold prices remain strong (USD $4,833/oz as of January 22, 2026; KITCO).
In parallel with regional exploration and drilling activities, the Company is also advancing technical studies aimed at optimizing and expanding the mill's capabilities. Current work includes detailed assessments to enhance the existing metallurgical facility, supported by the development of updated cost estimates and retrofit flow sheets. These studies form part of a broader growth strategy that contemplates substantially increasing mill throughput, modernizing the process flowsheet, and advancing drilling programs to continually expand the mineral resources available to feed the Beacon Gold Mill.
RECENT FINANCING OF $7,800,000 CLOSED - BEACON GOLD MILL FUNDED FOR RESTART
LaFleur's positioning is distinct compared to peers as it's not in the conceptual stage but in full execution, given its 100%-owned, fully permitted Beacon Gold Mill with current 750 tpd capacity, funded for restart and entering revenue-generation stage. Beacon Gold Mill is scalable to 1,000 tpd under the PEA base case and 3,000-4,000 tpd under long term growth scenarios, offering a rare vertically integrated, mine-to-mill gold production platform that is scalable, enhancing control over costs and margins, with the possibility to leverage rail-enabled logistics, strengthening and solidifying the mill as a potential regional processing hub in Val-d'Or. Lafleur recently completed a total of $7,800,421 in funding to fully fund the restart of gold production at the Beacon Gold Mill (refer to press release dated January 5, 2026).
TECHNICAL ADVANCEMENTS TOWARDS DELIVERY OF PEA
The Swanson Deposit Mining Lease (BM885) has been reviewed for spatial suitability and is considered suited for the current mine plan. As the size of the mineral deposit and mining plan increases, the Company is evaluating opportunities to expand the permitted surface area through additional mining lease applications.
Verification diamond drilling to support the PEA at the Swanson Gold Deposit is now complete. These positive drilling results will support the upcoming technical report and mark a key milestone in advancing the Project. The material from this drilling will also be used and incorporated in ongoing and future metallurgical testing. Lafleur will provide detailed news release on the positive drill results once final assat results are received in the coming days.
LaFleur Minerals management team, together with ERM (Environmental Resources Management) and Canadian National Railway (CN), have initiated discussions regarding potential rail infrastructure enhancements to support long-term project development and delivery of feed from the Company's Swanson Gold Project to Beacon Gold Mill. These discussions include a timeline for design and planning of relocating a small portion of the existing CN rail line (estimated at 6 months), then installing a dedicated rail spur to facilitate efficient loading and transport of material to the Beacon Gold Mill. The current CN line runs directly through both the Swanson Property and the Beacon Gold Mill site, presenting an opportunity to optimize logistics, reduce future hauling costs, decrease GHG emissions and support increased safety with less truck traffic through villages. Having direct rail access at the Beacon Gold Mill will significantly reduce transport costs and increase the range for the Company to accept satellite feed material, further enhancing the economics of gold production operations.
Metallurgical planning for the Swanson Gold Project and Beacon Gold Mill continues to advance. Work being completed by Bumigeme Inc. (Bumigeme) of Montréal and ERM, the PEA lead consultant, regarding potential retrofits to the Beacon Gold Mill to support increased feed processing capacity. The C$49 million as-built and permitted Beacon Gold Mill facility remains a key strategic asset for LaFleur Minerals.
Work to date has focused on evaluating the requirements to economically process Swanson mineralized material at the Beacon Gold Mill and to further the mill expansion, including:
SWANSON GOLD PROJECT AND BEACON GOLD MILL - PEA BASE CASE ACTIVITIES
Assessing upgrades to increase mill throughput to 1,000 tpd, including the capital costs associated with crushing, grinding and flotation circuit modifications.
Initiating a metallurgical testing program for Swanson mineralized material, with a total of 400 kg of representative diamond-drill-core and assay rejects to be collected in January 2026 for detailed testwork by SGS Canada in February and March 2026.
GROWTH PLANNING
Looking beyond the PEA, LaFleur Minerals is assessing future Beacon Gold Mill expansion scenarios in the 3,000-4,000 tpd range:
Preliminary capital requirements for these growth cases are currently under evaluation.
Bumigeme and ERM are jointly developing the metallurgical flowsheet options to support these potential expansions, which will be supported by metallurgical laboratory testing.
The current Beacon Gold Mill infrastructure is supported by an existing 4 MW power supply, providing a strong electrical foundation for current operations and planned throughput increases. This existing capacity enables the Company to evaluate upgrades in the PEA base case and supports future expansion scenarios.
Mine options analysis and associated economic trade-off studies are currently being undertaken to evaluate the viability of processing Swanson mineralized material at the Beacon Mill. These evaluations are intended to quantify the relative merits of alternative development pathways and to inform the selection of the preferred mine-to-mill configuration.
As metallurgical modernization concepts for the Beacon Gold Mill advance toward fully defined and executable process designs, the scope of the economic assessments may be expanded to incorporate additional growth scenarios, a sustainable environmentally friendly flowsheet and longer-term production strategies.
ABOUG BUMIGENE AND ERM:
Bumigeme Inc is a Quebec-based engineering firm specializing in mining, mineral processing, and metallurgical testing. They offer services including feasibility studies, NI 43-101 reports, and EPCM (Engineering, Procurement, and Construction Management) services. The company focuses on optimizing, designing, and operating mineral processing plants.
https://www.bumigeme.com
ERM (Environmental Resources Management)
https://www.erm.com/industries/mining-metals/
is a leading global sustainability consultancy providing end-to-end services for the mining sector, from exploration to closure. They specialize in ESG strategy, technical environmental services, social performance, risk management, and decarbonization to help mining companies navigate operational challenges and regulatory requirements. https://www.erm.com/industries/mining-metals/
Paul Ténière, CEO of LaFleur Minerals commented, "LaFleur Minerals is pleased with the technical milestones achieved to date, which represent strong progress as we advance toward delivery of a fully integrated PEA for our 100%-owned Swanson Gold Deposit and nearby Beacon Gold Mill. This work positions the Company to continue to fast track its streamlined development strategy centred on a restart of gold production at the Beacon Gold Mill located within one of Canada's most established and well-supported Abitibi Gold Belt and ValDor, Quebec, gold-mining districts."
BEACON GOLD MILL RESTART WORK UPDATE
LaFleur Minerals and Bumigeme have made strong operational progress at the Beacon Gold Mill during November and December 2025, quickly advancing the facility toward recommissioning to process a 100,000 tonne bulk sample from the Swanson Gold Deposit while maintaining a disciplined focus on cost control, safety, and execution.
Early activities included mobilization of contractors, restoration of site services, and inspection of critical safety infrastructure. Through coordination with environmental authorities, the Company optimized its winter access strategy to the tailings facilities, generating estimated cost savings exceeding $20,000.
During December 2025, LaFleur Minerals assembled its site leadership and technical team, awarded multiple service and equipment contracts, and initiated procurement of long-lead items required to bring the plant back into full operation. Minor electrical and heating upgrades were completed, and site cleaning and organization progressed steadily. Detailed equipment inspections have identified several opportunities to modernize aging components, positioning the plant for more reliable operations once recommissioned. Other work in mid-December included conveyor clean-out, pump replacement, inspection of drum filters, and preparation for mechanical and access upgrades. Recommissioning activities for the plant, crushing circuit, and overhead cranes are scheduled to begin by the end of January 2026.
These milestones mark a critical step in unlocking the value of the Beacon Gold Mill facility and demonstrate LaFleur Minerals methodical and capital-conscious approach to restarting operations.
QUALIFIED PERSON STATEMENT
All scientific and technical information in this news release has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of 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. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur Minerals has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral's fully refurbished and permitted Beacon Gold Mill is capable of processing 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: 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 new 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 are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from prior financings. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward- looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward- looking statements. 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 applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
Source: LaFleur Minerals Inc.
Original: LaFleur Minerals Updates PEA and Beacon Gold Mill Restart Work
CA Market News
4月前
LaFleur Minerals Updates PEA and Beacon Gold Mill Restart WorkJanuary 26, 2026 3:26 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company" or "Issuer") is pleased to announce major advancements with its Swanson Gold Deposit and Beacon Gold Mill which includes the advancement of technical studies evaluating the restart of gold production and retrofits to increase production rates at Beacon, as well as establishing requirements to expand its existing permitted tailings facility, all key components supporting the upcoming Preliminary Economic Assessment (PEA), which are in the final stage. The significant progress of key technical, metallurgical and infrastructure milestones for the PEA is integral to a disciplined, capital-efficient mill restart, which includes recently finalized positive verification of historical drilling with results to be announced near-term and ongoing recommissioning work at the Company's wholly-owned Beacon Gold Mill.PATH TO GOLD PRODUCTION RESTART AT BEACON GOLD MILL:Figure 1: Beacon Gold Mill located in Val d'Or, QuébecTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/281623_1646294ab4358bcb_001full.jpgThe Beacon Gold Mill last operated in 2022 with gold prices in the $1,800-2,000/oz range. With gold prices currently exceeding $4,900/oz, Lafleur is laser focused on restarting gold production at the Beacon Gold Mill leveraging supply from its 100%-owned district-scale Swanson Gold Deposit, located only ~50 km away, forming its vertically-integrated production model. The Swanson Gold Project, one of the largest gold exploration land packages in the Abitibi Gold Belt, Val-d'Or, Québec, holds a 43-101 compliant open pit and underground mineral resource; Total Indicated Mineral Resource Estimate of 2,113,000 t with an average grade of 1.8 g/t gold for 123,400 oz of contained gold, and Total Inferred Mineral Resource Estimate of 872,000 t with an average grade of 2.3 g/t gold for 64,500 oz of contained gold (MRE effective September 17, 2024 and reported in updated NI 43-101 technical report dated July 29, 2025). With a fully permitted tailings storage facility and proximity to established mining infrastructure, the Beacon Gold Mill offers a strategic ready to restart gold mill at a time when gold prices remain strong (USD $4,833/oz as of January 22, 2026; KITCO). In parallel with regional exploration and drilling activities, the Company is also advancing technical studies aimed at optimizing and expanding the mill's capabilities. Current work includes detailed assessments to enhance the existing metallurgical facility, supported by the development of updated cost estimates and retrofit flow sheets. These studies form part of a broader growth strategy that contemplates substantially increasing mill throughput, modernizing the process flowsheet, and advancing drilling programs to continually expand the mineral resources available to feed the Beacon Gold Mill.RECENT FINANCING OF $7,800,000 CLOSED - BEACON GOLD MILL FUNDED FOR RESTARTLaFleur's positioning is distinct compared to peers as it's not in the conceptual stage but in full execution, given its 100%-owned, fully permitted Beacon Gold Mill with current 750 tpd capacity, funded for restart and entering revenue-generation stage. Beacon Gold Mill is scalable to 1,000 tpd under the PEA base case and 3,000-4,000 tpd under long term growth scenarios, offering a rare vertically integrated, mine-to-mill gold production platform that is scalable, enhancing control over costs and margins, with the possibility to leverage rail-enabled logistics, strengthening and solidifying the mill as a potential regional processing hub in Val-d'Or. Lafleur recently completed a total of $7,800,421 in funding to fully fund the restart of gold production at the Beacon Gold Mill (refer to press release dated January 5, 2026).TECHNICAL ADVANCEMENTS TOWARDS DELIVERY OF PEAThe Swanson Deposit Mining Lease (BM885) has been reviewed for spatial suitability and is considered suited for the current mine plan. As the size of the mineral deposit and mining plan increases, the Company is evaluating opportunities to expand the permitted surface area through additional mining lease applications. Verification diamond drilling to support the PEA at the Swanson Gold Deposit is now complete. These positive drilling results will support the upcoming technical report and mark a key milestone in advancing the Project. The material from this drilling will also be used and incorporated in ongoing and future metallurgical testing. Lafleur will provide detailed news release on the positive drill results once final assat results are received in the coming days.LaFleur Minerals management team, together with ERM (Environmental Resources Management) and Canadian National Railway (CN), have initiated discussions regarding potential rail infrastructure enhancements to support long-term project development and delivery of feed from the Company's Swanson Gold Project to Beacon Gold Mill. These discussions include a timeline for design and planning of relocating a small portion of the existing CN rail line (estimated at 6 months), then installing a dedicated rail spur to facilitate efficient loading and transport of material to the Beacon Gold Mill. The current CN line runs directly through both the Swanson Property and the Beacon Gold Mill site, presenting an opportunity to optimize logistics, reduce future hauling costs, decrease GHG emissions and support increased safety with less truck traffic through villages. Having direct rail access at the Beacon Gold Mill will significantly reduce transport costs and increase the range for the Company to accept satellite feed material, further enhancing the economics of gold production operations. Metallurgical planning for the Swanson Gold Project and Beacon Gold Mill continues to advance. Work being completed by Bumigeme Inc. (Bumigeme) of Montréal and ERM, the PEA lead consultant, regarding potential retrofits to the Beacon Gold Mill to support increased feed processing capacity. The C$49 million as-built and permitted Beacon Gold Mill facility remains a key strategic asset for LaFleur Minerals.Work to date has focused on evaluating the requirements to economically process Swanson mineralized material at the Beacon Gold Mill and to further the mill expansion, including:SWANSON GOLD PROJECT AND BEACON GOLD MILL - PEA BASE CASE ACTIVITIESAssessing upgrades to increase mill throughput to 1,000 tpd, including the capital costs associated with crushing, grinding and flotation circuit modifications.Initiating a metallurgical testing program for Swanson mineralized material, with a total of 400 kg of representative diamond-drill-core and assay rejects to be collected in January 2026 for detailed testwork by SGS Canada in February and March 2026.GROWTH PLANNING Looking beyond the PEA, LaFleur Minerals is assessing future Beacon Gold Mill expansion scenarios in the 3,000-4,000 tpd range:Preliminary capital requirements for these growth cases are currently under evaluation.Bumigeme and ERM are jointly developing the metallurgical flowsheet options to support these potential expansions, which will be supported by metallurgical laboratory testing. The current Beacon Gold Mill infrastructure is supported by an existing 4 MW power supply, providing a strong electrical foundation for current operations and planned throughput increases. This existing capacity enables the Company to evaluate upgrades in the PEA base case and supports future expansion scenarios.Mine options analysis and associated economic trade-off studies are currently being undertaken to evaluate the viability of processing Swanson mineralized material at the Beacon Mill. These evaluations are intended to quantify the relative merits of alternative development pathways and to inform the selection of the preferred mine-to-mill configuration. As metallurgical modernization concepts for the Beacon Gold Mill advance toward fully defined and executable process designs, the scope of the economic assessments may be expanded to incorporate additional growth scenarios, a sustainable environmentally friendly flowsheet and longer-term production strategies.ABOUG BUMIGENE AND ERM:Bumigeme Inc is a Quebec-based engineering firm specializing in mining, mineral processing, and metallurgical testing. They offer services including feasibility studies, NI 43-101 reports, and EPCM (Engineering, Procurement, and Construction Management) services. The company focuses on optimizing, designing, and operating mineral processing plants.
https://www.bumigeme.comERM (Environmental Resources Management)
https://www.erm.com/industries/mining-metals/
is a leading global sustainability consultancy providing end-to-end services for the mining sector, from exploration to closure. They specialize in ESG strategy, technical environmental services, social performance, risk management, and decarbonization to help mining companies navigate operational challenges and regulatory requirements. https://www.erm.com/industries/mining-metals/Paul Ténière, CEO of LaFleur Minerals commented, "LaFleur Minerals is pleased with the technical milestones achieved to date, which represent strong progress as we advance toward delivery of a fully integrated PEA for our 100%-owned Swanson Gold Deposit and nearby Beacon Gold Mill. This work positions the Company to continue to fast track its streamlined development strategy centred on a restart of gold production at the Beacon Gold Mill located within one of Canada's most established and well-supported Abitibi Gold Belt and ValDor, Quebec, gold-mining districts."BEACON GOLD MILL RESTART WORK UPDATELaFleur Minerals and Bumigeme have made strong operational progress at the Beacon Gold Mill during November and December 2025, quickly advancing the facility toward recommissioning to process a 100,000 tonne bulk sample from the Swanson Gold Deposit while maintaining a disciplined focus on cost control, safety, and execution.Early activities included mobilization of contractors, restoration of site services, and inspection of critical safety infrastructure. Through coordination with environmental authorities, the Company optimized its winter access strategy to the tailings facilities, generating estimated cost savings exceeding $20,000.During December 2025, LaFleur Minerals assembled its site leadership and technical team, awarded multiple service and equipment contracts, and initiated procurement of long-lead items required to bring the plant back into full operation. Minor electrical and heating upgrades were completed, and site cleaning and organization progressed steadily. Detailed equipment inspections have identified several opportunities to modernize aging components, positioning the plant for more reliable operations once recommissioned. Other work in mid-December included conveyor clean-out, pump replacement, inspection of drum filters, and preparation for mechanical and access upgrades. Recommissioning activities for the plant, crushing circuit, and overhead cranes are scheduled to begin by the end of January 2026.These milestones mark a critical step in unlocking the value of the Beacon Gold Mill facility and demonstrate LaFleur Minerals methodical and capital-conscious approach to restarting operations.QUALIFIED PERSON STATEMENTAll scientific and technical information in this news release has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of 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. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur Minerals has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral's fully refurbished and permitted Beacon Gold Mill is capable of processing 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.ON BEHALF OF LAFLEUR MINERALS INC.Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info @piper66 West Georgia Street
Vancouver, BC V6E 4N7Neither 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 new 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 are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from prior financings. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward- looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward- looking statements. 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 applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281623
Original: LaFleur Minerals Updates PEA and Beacon Gold Mill Restart Work