LaFleur Minerals Inc. said on April 28 it has entered into an arm’s-length agreement to acquire a 100% interest in the McKenzie East Gold Project in Québec’s Val-d’Or district, expanding its footprint in one of Canada’s प्रमुख gold-producing regions. The consideration comprises a cash payment of $30,000 and the issuance of 175,000 common shares, subject to exchange approval.
The McKenzie East property, consisting of 46 mineral claims over 1,781 hectares, is adjacent to the McKenzie Break deposit owned by Fresnillo plc, which hosts indicated resources of 146,000 ounces of gold at 3.2 g/t and inferred resources of 250,600 ounces at 3.1 g/t. Historical exploration at McKenzie East has identified anomalous mineralization, including a 2021 drill intercept grading 0.61 g/t gold over one metre, with a higher-grade fraction of 8.01 g/t.
The acquisition forms part of LaFleur’s strategy to build a district-scale resource base around its wholly owned Beacon Gold Mill, located approximately 20 km جنوب of the McKenzie area. The company plans further drilling to delineate resources and assess the project’s potential as a supplementary feed source for the mill, which currently has processing capacity of more than 750 tonnes per day.
Separately, LaFleur reported continued positive drilling results at its Swanson Gold Project, where recent holes intersected broad mineralized zones at depth, including intervals of 2.29 g/t gold over 68.3 metres and 1.18 g/t over 255 metres. The results extend mineralization beyond the current 2026 resource estimate, indicating expansion potential across a 120-metre strike length at depths of up to 450 metres.
The company is pursuing a vertically integrated mine-to-mill model, combining exploration, potential acquisitions, and processing infrastructure to support a planned restart and expansion of the Beacon Gold Mill. It is also evaluating additional regional consolidation opportunities and has initiated target identification with advisors, following a previously announced C$30 million prepayment and offtake agreement with Trafigura Canada.
