LaFleur Minerals has signed an arm's length agreement to acquire the McKenzie East Gold Project in Québec's highly productive Val-d’Or mining district, the largest gold-producing region in Canada.
The McKenzie East Gold Project is directly adjacent to the McKenzie Break Gold Deposit, which is owned by Fresnillo, a global gold producer and primary silver miner.
Fresnillo obtained the McKenzie Break asset through its acquisition of Probe Gold in January 2026.
The McKenzie Break Deposit covers 183 mineral claims over 78.5km², with infrastructure including underground development extending to around 80m and all-year road access.
It is situated approximately 20km north of both the Novador Project and LaFleur's Beacon Gold Mill.
The McKenzie East property includes 46 mineral claims covering 1,781.18 hectares (ha), as issued by Québec’s Ministry of Natural Resources and Forests.
This site has undergone historical exploration by First Atlas Resources (vendor) and its predecessors, involving induced polarisation geophysics, mobile metal ion soil geochemistry, airborne magnetics and diamond drilling.
LaFleur plans to intensively explore the McKenzie East site to define new gold resources and potentially supply its nearby Beacon Gold Mill.
The terms of the acquisition involve a cash payment of C$30,000 ($21,960.2) and the issuance of 175,000 common shares of LaFleur Minerals to the vendor, contingent upon exchange approval.
LaFleur intends to leverage this acquisition to enhance its vertically integrated mine-to-mill strategy within the Val-d’Or district.
The company has also reported strong drilling results at its Swanson Gold Project.
Recent diamond drilling has shown extensive mineralisation beyond the current resource estimates, with notable results including 2.29 grams per tonne (g/t) gold over 68.3m and 1.18g/t gold over 255.04m.
These findings highlight significant depth potential and continuity, with additional high-grade zones identified.
In tandem with the acquisition of the McKenzie East Gold Project, LaFleur is advancing its strategy to expand gold resources near its Beacon Gold Mill.
The company is also exploring additional acquisitions to strengthen its production capacity, with an eye on sustainable gold production from the Val-d’Or area.
