Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
- Near-term gold producer LaFleur Minerals is reporting new assay results from infill diamond core drilling that bolster expectations that mineralization remains open at depth and along strike in the company’s Swanson Gold Deposit
- The findings follow up on the mineral resource estimate completed earlier this year with the potential for additional high-grade shoots within the system and broader zones of gold mineralization
- LaFleur’s nearly 22,400-hectare Swanson and McKenzie East gold projects are located within the prolific Abitibi Greenstone Belt of eastern Canada, within the Val-d’Or mining camp where labor and supply resources are centralized for mining operations in the region
Infill diamond-core drilling continues to yield a path to the potential expansion of resources in the Abitibi Greenstone Belt-situated Swanson Gold Deposit owned and operated by near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF).
The company’s flagship property in Eastern Canada’s prolific gold mining district — one of the largest gold belts in the world — combined with the recently acquired McKenzie East Gold Project nearby, covers more than 450 exploration mining claims that are located on nearly 22,400 hectares (about 55,350 acres).
LaFleur’s May 12 news release provides an outline of significant assay results from the company’s ongoing drilling program at its Swanson Gold Deposit, highlighting findings of 2.95 g/t Au over 80.00 meters, 2.37 g/t Au over 88.05 meters, 1.29 g/t Au over 93.85 meters, and 0.86 g/t Au over 103.55 meters plus 1.14 g/t Au over 56.65 meters in four of the seven newly reported drill holes (https://nnw.fm/wErqj).
The assays have increased confidence that continuity of mineralization exists both within and beyond LaFleur’s proposed pit shell at depth, enhancing the mineral resource estimate completed just a few months ago with the potential for high-grade shoots within the system at depth.
The drill program focused on previously untested depths where spacing between historical drill holes exceeded 50 meters, establishing higher grade sub-intervals, such as 232.00 g/t Au over 0.50 meters, 3.98 g/t Au over 9.00 meters and 7.78 g/t Au over 1.90 meters between two of the holes and leaving mineralization open at depth and along strike.
Visible gold was encountered in three of the seven recently drilled holes.
“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,” LaFleur Chairman Kal Malhi stated.
Swanson is located in the Val-d’Or mining district — an established central hub for labor and other resources that support mineral exploration activities in the Abitibi. The company completed a Preliminary Economic Assessment (“PEA”) in March that anticipates a strong economic return from the project and the company’s nearby Beacon Gold Mill, which is expected to resume gold production operations during the next quarter.
LaFleur is building its profitability forecast on a base case price closer to where gold traded in January 2025 instead of current levels, meaning that the metal’s price remains far above the level LaFleur sees as the foundation for its strategy. The gold market has since achieved historic highs as it more than doubled value after January 2025, and the precious metal continues to trade at lofty levels despite recent price fluctuations that have sometimes challenged the expectations of investors (https://nnw.fm/WFiWP).
For more information, visit the company’s website at LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://nnw.fm/LFLRF
Qualified Person Statement:
All scientific and technical information contained in this article 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.
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