Swanson results fall short despite 6.05-g/t gold highlight

AI desk brief

LaFleur Minerals reported mixed drill results from its Swanson Gold project in Quebec, with the best intercept at Bartec showing 6.05 g/t gold over 8.0 metres in hole SW-26-124. Jackson returned 1.45 g/t over 7.70 metres and Jolin 1.77 g/t over 6.45 metres, but the company said continuity was not yet strong enough to support the stock, which fell 2.86% Monday and has dropped more than 18% since Sept. 22.

Management said Bartec has moved to the top of the follow-up drilling list. The project remains early-stage but is backed by a March 2026 PEA citing a $101 million NPV and 65% after-tax IRR, with Swanson located in Quebec’s Abitibi Gold Belt and supported by more than 36,000 metres of historical drilling.