Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
- Junior Canadian near-term gold developer LaFleur Minerals is preparing to restart operations at its Beacon Gold Mill in the prolific Abitibi Greenstone Belt, starting with a bulk sample from the company’s nearby Swanson Gold Project in Quebec
- LaFleur is strengthening its readiness to begin production by entering into a term sheet with Trafigura Canada Limited that will provide agreements for a prepayment financing facility and gold doré purchase
- The Beacon Gold Mill will restart gold production operations in the next quarter, processing 750 metric tons per day (“TPD”) at first but building toward a 1,250 TPD target
- The Swanson Gold Project is strategically located near the Beacon Gold Mill with easy access, and is within a 20-minute drive of the town of Val d’Or, Quebec, where technical resources and skilled labor for the industry are located
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has received terms for an up-to-C$30 million prepayment financing facility and gold doré purchase agreement from one of the world’s largest independent physical commodity trading companies that helps to secure commercial production and restart capital for its Beacon Gold Mill, expected to begin next quarter, in the prolific Abitibi Gold Belt of eastern Canada.
The agreements with Trafigura Canada Limited or one of its affiliates, subject to definitive documentation, due diligence and closing conditions, mean that LaFleur has the underpinnings for the mill’s planned ramp-up from 750 metric tons per day (“TPD”) in its first anticipated gold pour to the company’s…
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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