LaFleur Minerals (CSE:LFLR) has received results from an ongoing drilling program at the Swanson Gold Project in Canada, highlighting ‘strong’ continuity of gold mineralisation with ‘significant’ widths and grades.
The program targeted under-tested areas of the deposit and intersected broad continuous zones of gold mineralisation that infill large gaps within the existing geological and mineral resource models, further confirming the potential for a ‘large-scale’ gold system.
Some of the results include 80m @ 2.95 grams per tonne gold; 88.50m @ 2.37g/t gold; and 93.85m @ 1.29g/t gold.
What’s being said…
CEO Paul Ténière says intersecting such broad zones of consistent gold mineralisation within and beyond the current planned pitshell demonstrates the scale and continuity of the system.
“Importantly, these holes confirm and expand the current resource envelope while also highlighting higher grade zones that could enhance the overall and future economics of the project,” Ténière says.
“We continue to believe Swanson has the potential to evolve into a much larger gold system than previously defined.”
To date, over 22,500m of diamond drilling has been completed on the overall project. Further drill testing is ongoing on the larger Swanson property, with results to be released as they become available.
Chairman Kal Malhi says the results indicate the presence of broad zones of gold mineralisation extending beyond the limits of the current open pit resource at Swanson.
“And highlighting the emergence of a potentially much larger, high-growth gold system with compelling expansion potential,” Malhi says.
With drilling completed to date, ongoing regional exploration ‘success’, a recently completed preliminary economic assessment, and ownership of the fully permitted and refurbished Beacon Gold Mill, LaFleur is rapidly differentiating itself from traditional early-stage exploration companies.
The company says it is now demonstrating the key ingredients the market typically seeks in emerging gold development stories.
As drilling continues to extend mineralization at Swanson and unlock new targets across the broader 190km² land package, LaFleur believes it is increasingly positioned to create value while advancing toward becoming a strategically important gold development and near-term production company in the Abitibi region.
Write to Aaliyah Rogan at Mining.com.au
Images: LaFleur Minerals
