“We're excited about the prospects of getting the mill back up and running and putting news out about that on our progress, but also putting out drilling results for Swanson, and looking at expanding that project beyond what it is now,” said LaFleur Minerals CEO Paul Ténière.
LaFleur Minerals (CSE:LFLR,OTCQB:LFLRF,FWB:3WK0) CEO Paul Ténière has outlined his company’s plans to complete at least 5,000 meters of diamond drilling at the Swanson gold project while planning for the restart of its 100 percent owned Beacon gold mill in Val-d'Or, Québec.
“We had the idea of looking at the Swanson project, in general, more on a district scale. And so as a result of all the work we've done, including recent IP surveys, we've generated several drilling targets,” Ténière said.
One of the goals of the drill program is to increase the resource, he added.
“(Drilling) will be focused on not just the Swanson deposit itself, but also on other targets … And our aim for that is to actually increase our existing resource to a million ounces.”
The chief executive also shared the financing strategy for the restart of the Beacon mill.
“We're getting a lot of (funding) interest,” Ténière said. “They do see a great opportunity with Beacon as there’s not a lot of mills that are available at the moment in the Abitibi.”
LaFleur is anticipating the Beacon mill restart will cost between C$5 million and C$6 million to complete all the necessary repairs and maintenance at the site. The company expects the mill will be in full production by early 2026.
Watch the full interview with LaFleur Minerals CEO Paul Ténière above.
Frank Holmes of US Global Investors (NASDAQ:GROW) shares his outlook for the gold price in 2025 and the years ahead, laying out the factors driving the metal.
"I think it hits US$4,000 (per ounce), and before Trump is finished his term as president it will be US$6,000. That's where I think it's heading for a host of reasons," he said.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Rob Crayfourd and Keith Watson of Golden Prospect Precious Metals and CQS Natural Resources Growth and Income share their thoughts on gold and silver.
Honing in on where they see potential in terms of stocks, the co-fund managers said they currently favor producers with strong management, a good orebody and a positive growth profile.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Jp Cortez, executive director at the Sound Money Defense League, breaks down what to know about the Gold Reserve Transparency Act, a measure to audit the gold in Fort Knox and other places where America's gold is purportedly stored.
"A space on X will not suffice, and is not a substitute for a true assay, a true audit of every single transaction that that gold was involved in," he said.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Peter Krauth, editor of Silver Stock Investor and Silver Advisor, outlines the factors driving silver's recent price run, which has pushed the white metal to levels not seen in over a decade.
In his view, the current macroeconomic environment is combining with short supply and strong demand dynamics to create a "perfect storm."
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Walker Lane Resources (TSXV:WLR) outlined its strategy as a high-grade gold and silver explorer focused on Nevada and BC in a recent webinar hosted by the Investing News Network.
In his presentation, Walker Lane President and CEO Kevin Brewer emphasized the company’s goal of discovering and advancing quality assets, then monetizing them near their peak exploration value.
“You want to find deposits, and then you start to maximize them. You may start a PEA (and) you may complete that. But at most stages, the best thing to do is try to sell the project at that (PEA) stage, because that will be the peak value,” Brewer said.
Two key projects were highlighted in the presentation. Tule Canyon in Nevada is drill ready, with historic mines, high-grade surface samples and a 5 kilometer mineralized corridor. Drilling is planned for late 2025. Amy in BC is a CRD-style deposit near Coeur Mining's (NYSE:CDE) high-grade Silvertip mine. It shows strong silver, zinc and antimony values, with gallium potential. Its proximity to Coeur Mining’s mill and Coeur’s right-of-first refusal underscore its strategic importance.
“A significant CRD deposit is located only 8 kilometers to the west of Amy, and according to Coeur Mining, which owns the Silvertip deposit and mine, it is one of the highest-grade silver-lead-zinc-critical minerals underground mines in the world, sitting within a prospective land package that includes the Amy deposit,” Brewer noted.
In 2024, Walker Lane optioned its Silverknife project to Coeur Mining in a deal worth over $6 million, with the potential for an additional $3 million.
Watch the full webinar presentation by Walker Lane Resources President and CEO Kevin Brewer above.
