Tuesday, 02 January 2024 12:17 GMT

Rockbreaks Lafleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) Reports Robust PEA With 65% After-Tax IRR For Swanson Gold Project


(MENAFN- Investor Brand Network) This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising.

LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) announced results of a Preliminary Economic Assessment for its proposed Swanson Gold Project in Québec, highlighting a technically straightforward, capital-efficient development anchored by its 100%-owned Beacon Gold Mill. The PEA outlines an initial capital cost of C$31 million and projects a 65% after-tax IRR, C$101 million NPV (5%) and 1.8-year payback at a base case gold price of US$2,750/oz, with an all-in sustaining cost of US$1,569/oz. The updated 2026 Mineral Resource Estimate reflects a 30% increase in indicated resources to 160.3 koz of contained gold, supporting a seven-year mine life. Plans to expand mill throughput to 1,250 tonnes per day are expected to enhance economies of scale and lower operating costs, while direct CN rail access between the Swanson deposit and Beacon Mill provides a logistical and cost advantage.

To view the full press release, visit

About LaFleur Minerals Inc.

LaFleur Minerals 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 km(2)) 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.

NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company's newsroom at

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