What's Happening?
LaFleur Minerals has announced successful drilling results from its Swanson Gold Deposit in Québec, Canada. The company completed 12 validation drill holes and 28 regional exploration drill holes, confirming strong gold continuity and new shallow discoveries. Key results include significant gold grades over long intercepts, which will support the upcoming preliminary economic assessment (PEA) and a Technical Report. The exploration aims to verify historical mineral showings and test targets from the 2025 regional exploration program.
Why It's Important?
These positive drilling results are a significant milestone for LaFleur Minerals, as they validate the potential of the Swanson Gold Deposit. The findings enhance the company's resource base and provide a solid foundation
for future development plans. This progress is crucial for attracting investment and advancing the project towards production. The results also contribute to the broader understanding of the Abitibi Gold Belt's mineral potential, a region known for its rich gold deposits.
What's Next?
LaFleur Minerals plans to continue drilling to further delineate the resource and fill gaps within the current mineral resource limits. The company is preparing for the release of a preliminary economic assessment in March, which will provide insights into the project's economic viability. Stakeholders will be watching for updates on the PEA and any potential partnerships or investments that could accelerate the project's development.
