LaFleur Minerals Buys Additional Mineral Claims for C$35,000 to Expand Its McKenzie East Gold Project

LaFleur Minerals (LFLR.CN) acquired a 100% right, title and interest in a package of 27 mineral claims totalling about 701.7 hectares in the Val-d'Or mining district within Quebec's Abitibi Gold Belt adjacent to its McKenzie East project for C$35,000, it said on Wednesday.

The company is also preparing to resume diamond drilling at the Swanson Gold Deposit to test the down-plunge and depth extensions of the mineralized system. The upcoming drill program will target priority zones below the current resource model where recent drilling has highlighted the potential for higher-grade shoots and continued resource growth, supporting its objective of expanding the mineral resource and advancing the Swanson Gold Deposit as a long-term source of mill feed for the fully permitted Beacon Gold Mill, it said.

"Consolidating prospective, historically explored ground in the heart of the Abitibi Gold Belt in the same belt as our Swanson Gold Project and Beacon Gold Mill is central to our district-scale strategy," said LaFleur Minerals Vice President of Exploration Marc Ducharme. "The Property covers ground that hosts the historical Maruska gold showing within the Pascalis-Tiblemont batholith, and we look forward to compiling the available historical data and conducting aggressive exploration strategies and drilling potential historical targets as we continue to build long-term value for our shareholders."

Shares of the company were last seen down 3.8% at $0.32 on the Canadian Securities Exchange.

Price: $0.33, Change: $-0.01, Percent Change: -2.26%

The North West Company Reports Lower Sales, Adjusted Profit for First Quarter; Dividend Maintained

The North West Company (NWC.TO) after trade Tuesday said its first-quarter sales and adjusted profit declined year-over-year.The company, which operates grocery stores in Canada's North and the Caribbean, said adjusted earnings, excluding most one-time items, fell to $30.3 million from $33.6 million a year ago. The company did not provide per-share amounts. FactSet expected earnings per share of $0.68.Consolidated sales for the quarter ended April 30 fell to $631.6 million from $641.4 million in the year-ago period "due to the impact of foreign exchange on the translation of International Operations sales and a decrease in Canadian Operations sales," the company said. FactSet projected sales of $648.5 million.The company also declared a quarterly dividend of $0.41, the same as the previous quarter, to shareholders of record on June 30, to be paid on July 15."While our Canadian Operations performance faced expected headwinds following the sunset of the Inuit Child First Initiative food voucher program, our team remained focused on execution and finding efficiencies within our business," Chief Executive Dan McConnell said."Looking ahead, we are mindful of external pressures, including the impact of rising fuel costs, and the evolving pace of government infrastructure investments and settlement payments in the communities we serve. While near-term variability in these factors may impact results, we remain confident in our long-term strategy, the fundamentals of our business, and our ability to create sustainable value," he added.

$NWC.TO

LaFleur Minerals Buys Additional Mineral Claims for C$35,000 to Expand Its McKenzie East Gold Project

Related Articles

The North West Company Reports Lower Sales, Adjusted Profit for First Quarter; Dividend Maintained

Enghouse Systems Brief: Says Q2 Results "Reflected Ongoing Turbulence in Global Markets, Where Shifting Geopolitical Conditions, Trade Dynamics, and Rapid Technological Change Continued t

Enghouse Systems Brief: Second-Quarter Falls to $114.3 Million From $128.4 Million in Q2 2025