LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has entered into an arm's-length agreement to acquire a 100% interest in the McKenzie East Gold Project, located in Quebec's prolific Val-d'Or mining district. The property is contiguous with the McKenzie Break Gold Deposit owned by Fresnillo plc and benefits from established regional infrastructure. Historical exploration has identified anomalous gold mineralization, including visible gold in drilling. LaFleur plans to advance systematic exploration to define resources and assess potential mill feed for its nearby Beacon Gold Mill.
The acquisition cost is $30,000 in cash and 175,000 common shares, subject to exchange approval. This strategic move consolidates LaFleur's position in the Abitibi Greenstone Belt, one of the world's most prolific gold-producing regions. The company's focus is on developing district-scale gold projects near Val-d'Or, Quebec, with its flagship Swanson Gold Project and the Beacon Gold Mill at the core of its value proposition.
LaFleur recently released positive results from a Preliminary Economic Assessment (PEA) for the Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026). The Swanson Gold Project spans approximately 19,214 hectares and includes several gold and critical metals prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The project is easily accessible by road, allowing direct access to several nearby gold mills, enhancing its development potential.
The Beacon Gold Mill, recently refurbished, can process over 750 tonnes per day. It is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. The acquisition of McKenzie East aligns with LaFleur's strategy to consolidate land along major structural breaks that host significant gold deposits.
The Val-d'Or mining district has a long history of gold production, and the McKenzie East property's proximity to Fresnillo's operations underscores its potential. LaFleur's systematic exploration approach aims to define resources and assess the economic viability of the project. The company's commitment to advancing mining projects with a focus on long-term value is evident in this acquisition.
For more information about LaFleur Minerals, visit their newsroom at http://nnw.fm/LFLRF.
