Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
- Quebec-based LaFleur Minerals is preparing to move from exploration and development to final execution of its gold production strategy, at its sites in the renowned Abitibi Greenstone Belt of eastern Canada
- LaFleur released results of a positive Preliminary Economic Assessment (“PEA”), guiding its robust production plans for the Swanson Gold Deposit
- The Swanson Gold Deposit has an updated indicated and inferred mineral resource estimate of 227koz of contained gold
- Gold’s meteoric rise from around $2,000 per ounce four years ago to the market demand priced of around $5,000 strengthens the opportunity for LaFleur once production begins
District-scale gold explorer and near-term producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is preparing for restart of production of the precious metal from its sites in the renowned Abitibi greenstone belt of eastern Canada — one of the most prolific Archean belts in the world. With the company’s Preliminary Economic Assessment (“PEA”) completed this month for its Swanson Gold Deposit in Québec, showing a capital-efficient project with strong economics by leveraging the company’s 100%-owned and refurbished Beacon Gold Mill. At a base case gold price of US $2,750/oz, the PEA forecasts an after-tax IRR of 65%, C$101 million NPV (5%), a 1.8-year payback, and all-in sustaining costs of US $1,569/oz, the company is positioned for a robust restart of gold production by year end.
“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,” LaFleur Chief Executive Officer Paul Ténière stated in a…
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.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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