LaFleur Minerals Reports Drill Results from Swanson Gold Project in Quebec
What happened
LaFleur Minerals reported additional drill results from its program on the Swanson Gold project in northwestern Quebec. The results included a hole at the Bartec target intersecting 6.05 grams of gold per tonne over 8 metres, and a hole at the Jackson target returning 1.45 grams of gold per tonne over 7.70 metres. Despite encouraging grades, the reports noted that the results did not demonstrate strong continuity, leading to a drop in LaFleur’s stock price in Toronto.
Why it matters
The drill results provide new geological data for the Swanson Gold project, which is located in the Abitibi Gold Belt. The findings influence market sentiment regarding the project's viability and the company's valuation.
QMX Gold Corporation is currently exploring mineral properties within the Abitibi district.
Who's involved
- QuebecLocation of the Swanson Gold project
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The entities involved
Related events
- Gold exploration is underway in the Abitibi region of Quebec.
- Bullion Gold company exploration in Quebec and stock trading in Toronto.
- 1911 Gold Corporation is involved in an exploration project located in southeast Manitoba, with its shares being traded in the Toronto market.
- MOC is conducting exploration work on its gold property located in the Abitibi region of Quebec.
- Amex Exploration Inc., based in Montreal, is exploring gold mining properties in Canada, specifically holding interests in projects located in Quebec/Chibougamau.