New Ball Mill on site at Boston Project of Newlox Gold
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX ) | ( Frankfurt/Stuttgart: NGO ) | (OTC : NWLXF ) | (CNSX: LUX . CN) is pleased to announce it has received its new ball mill and other critical equipment from suppliers in South America. The ball mill is the most important single piece of equipment for the Company’s new processing plant, and its arrival facilitates the advancement of construction at the Boston expansion project.
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The Boston recovery plant is the Company’s second environmentally and socially positive precious metals recovery plant. It will process feedstock newly extracted from the Boston Mine by the Company’s local mining partners. Newlox will operate the new mill at Boston capable of processing 150 tonnes per day of material grading +- 15 grams per tonne gold with an anticipated gold recovery of 90%. All feedstock is to be provided by the Company’s mining partners, with profits to be split evenly between the parties.
Local miners have continuous ly operated informal and formal mines in the Central Gold Belt of Costa Rica and the area of the Boston Mine since the early 1900s. Traditional pre-industrial mining and goldsmithing history in the area dates to 400-500 AD . Precious metals production and smithing are an integral part of heritage and traditions for the local groups and continue to be practiced today for both economical and cultural reasons. For the first time since the introduction of the mercury amalgamation process in artisanal gold and silver production, the new Boston plant will achieve zero use of mercury and eliminate its associated environmental damage.
The Newlox Gold construction team have previously reported completion of engineering, permitting, earthmoving, site preparation, and procurement stages of the construction timeline at the Boston Project. In anticipation of the arrival of the ball mill and other critical equipment, pouring of foundations and inertia blocks has been underway to receive the installation of equipment.
Newlox Gold is making steady progress in all its initiatives and remains well funded to complete both Project 1 and the Boston expansion. Management will continue to update the market as we achieve milestones towards our goal of becoming the first ESG-focused medium-sized gold producer.
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: + 1 604 256 0493
- Published in Newlox Gold
Newlox Gold Expands from Lab to In-Field Development of Organic Clean Gold Technology
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX ) (CNSX:LUX.CN) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce the start of in-field testing of its novel non-toxic gold recovery technology, designated Organic Aqua Regia (OAR). This initial round of in-field testing builds upon excellent results received from Stage 1 laboratory testing. Gold dissolution exceeded 99% efficacy in Stage 1 and Stage 2 laboratory testing is ongoing.
A shipment of OAR reagents from a US-based manufacturer was recently received by the Company’s operations team in Costa Rica. This large-volume shipment will be sufficient to support both ongoing research at the Company’s in-field laboratory, as well as expanded testing beyond the lab at the processing plant.
The Company is most encouraged by results to date and is continuing to investigate the use of OAR technology as a non-toxic and water-free alternative to cyanidation for the recovery of gold, silver, and other precious metals. The multiple outstanding advantages of OAR include that it is non-toxic, recyclable, extracts gold faster than cyanide, does not use water, and recovers gold with neither carbon nor electrowinning.
A Message from Ryan Jackson, President & CEO:
“Newlox Gold’s OAR technology is poised to deliver the next milestone in recovery technology for the resource industry. While there has been some technological progress in our industry, recent advancement has been incremental.
The last major improvement in gold recovery technology was the shift away from mercury amalgamation, which is both inefficient and has significant negative environmental and health outcomes, to cyanide leaching, which is very effective and, if done correctly, is safe and does not result in environmental damage.
Cyanide leaching represents the best currently available technology and is therefore used by nearly all responsible mining companies at present. However, cyanide leaching requires large volumes of water, has a terrible public relations problem and, if handled improperly , can be dangerous for staff.
We believe that OAR will be the next major step forward for the precious metals industry. The technology appears to be an ideal solution to a variety of metallurgical conditions and is highly effective at gold dissolution, much like cyanide . However, OAR is non-toxic and is an anhydrous reagent which means it does not require the input of fresh water.
Water use is a major topic in the resource industry, especially in arid climates where mining competes with agriculture and residential use for fresh water. Additionally, not requiring water means there are no water effluent disposal problems, a huge benefit for industry .
The initiation of in-field testing is a major milestone for the Newlox Gold R&D division. We are most enthusiastic to begin testing OAR technology in Costa Rica.”
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: + 1 604 256 0493
- Published in Newlox Gold, News Home
Newlox Gold appoints Petryshen as corporate secretary
Newlox Gold Ventures Corp. has appointed Frances Petryshen as corporate secretary. Ms. Petryshen has been providing corporate secretarial services to reporting issuers for over 30 years, using her experience to provide effective and practical solutions to continuous disclosure and governance requirements. She has held roles as director, corporate secretary, compliance officer and chief financial officer, for a number of entities throughout her career.
Currently, Ms. Petryshen provides compliance and corporate secretarial and compliance consulting services to several companies, private, Canadian Securities Exchange, Toronto Stock Exchange and TSX Venture Exchange issuers. Most recently, she was corporate secretary for Balmoral Resources Ltd. until acquired by Wallbridge Mining Limited in May, 2020.
Ms. Petryshen is a chartered secretary, accredited director and a fellow with the Chartered Governance Institute of Canada (FCG), where she had served as a director of the British Columbia branch of the institute for over 10 years.
A message from Ryan Jackson, president and chief executive officer:
“We are delighted to welcome Frances to the Newlox Gold team. She brings a tremendous level of experience in the role of corporate secretary, elevating the company’s corporate governance capabilities. The addition of Frances to Newlox Gold’s corporate team, and the recently announced appointment of Wilmer Niquen as vice-president of operations, add depth to the company’s management capabilities and will support our growth plans in 2022 and beyond.”
- Published in Newlox Gold, News Home
Newlox Appoints UN Renowned Gold Recovery Specialist as VP of Operations
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LU X.CN) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce the appointment of Wilmer Ñiquen as VP of Operations for the Company. Mr. Ñiquen became operational lead engineer at the Company’s first environmentally and socially responsible gold recovery plant (Plant 1) at the end of 2021. Additionally, he oversees the construction of the Company’s second processing plant in Costa Rica, the Boston project, and will be instrumental in Newlox’s planned expansion into the Brazilian market.
Wilmer Ñiquen brings over 24 years of experience as a metallurgical engineer who has successfully built, optimized, and operated numerous precious metals production facilities in Peru, Ecuador, Colombia, and Brazil. His specialties include gravimetric ore concentration, flotation, chemical leaching, carbon elution, Merrill–Crowe recovery, smelting, refining, as well as wastewater and tailings management.
Mr. Ñiquen has been recognized by the United Nations Industrial Development Organization (UNIDO) as an International Expert in Mineral Beneficiation following work undertaken in Colombia and Peru in collaboration with the United Nations and US State Department. He is also, fortunately for Newlox, familiar with Brazilian mining, having served as the Technical Manager of the MULTIFLOTACAO Project, a 1,000 tonne per day facility in Mato Grosso State, Brazil.
At Newlox Gold, Mr. Ñiquen’s is ramping up operations at Project 1. Recently he reviewed the operational performance and identified necessary improvements required to maintain high precious metals recovery through completion of the ramp-up to full-scale. A comprehensive laboratory investigation triggered a combination of changes to the milling circuit and an enhanced reagent cocktail to increase throughput while maintaining excellent efficiency.
Mr. Ñiquen and his team are implementing the Plant 1 ramp-up and executing the necessary changes. To resolve the availability of supplies, the Company sourced the necessary materials in December of 2021. Newlox has ordered the supplies from multiple sources, with some of the required reagents already delivered and large reserve amounts being stockpiled on site. Others are currently en route to Newlox Gold’s operations.
Management is proud of the operations team and their consistent monthly progress in the face of typical ramp-up challenges, as well as the daunting current global logistics. Operations management are confident they will achieve the Company’s goal of processing, at base-case full-scale, 80 tonnes per day of artisanal tailings feedstock at Plant 1, with gold recovery expected to exceed 6,500 ounces per year.
Mr. Ñiquen is also supervising construction contractors at the Boston Project, which is expected to recover over 20,000 ounces of gold per year at full scale. The engineering, permitting, earthmoving, site preparation, and procurement stages of the construction timeline have been completed. Substantial amounts of the crushing circuit and material handling equipment have been prefabricated at the construction contractor’s facility for delivery to the site. A delay in the delivery of the primary ball mill, caused by the unexpected cancellation of the original order, has been overcome by procurement from an alternative source, with the new ball mill now en route.
Over the past six months, unusual supply chain conditions have made it difficult to provide precise and accurate operational timelines. The Company will avoid providing near-term guidance until some degree of stability returns. Management is proud of our team’s accomplishments and remains dedicated to achieving stated goals.
Newlox Gold is making steady progress in all its initiatives and remains adequately funded to complete Project 1 and the Boston expansion. Newlox Gold will continue to update the market as it achieves milestones towards its goal of becoming the first ESG-focused medium-sized gold producer.
A Message from Ryan Jackson, President & CEO:
“We are delighted to welcome Wilmer Ñiquen to the Newlox Gold team. Wilmer is an extraordinary engineer with an impressive history of building, commissioning, and operating successful precious metals plants in Latin America. He has proven himself time and time again in the field. We are particularly fortunate to have access to many of the region’s best engineers, many of whom have worked closely over many years with Newlox Gold’s Chief Technical Advisor, Dr. Marcello Veiga.
Wilmer has reviewed and confirmed the Company’s fully-funded development plans and takes the helm with strong support from Newlox’s existing operations and management team. He has a demonstrated unique ability to work practically and solve problems in real-time. I recently had the pleasure of working with Wilmer during a visit to the Company’s facilities and look forward to building our dream together over the coming years.”
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: + 1 604 256 0493
- Published in Newlox Gold, News Home
Newlox Gold Moves Towards Definitive Agreement in Brazil
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LU X.CN ) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce that its planned expansion into gold recovery in Brazil, comparable to its established operations in Costa Rica, has advanced through initial due diligence and underlying legal organization.
The initiative has also been greatly enhanced by the news that the Research Center for Responsible Mining of the Polytechnic School of the University of São Paulo ( NAP.Mineração/USP ) has received expanded World Bank funding for its ASGM – Coexistence in Brazil Project being undertaken in partnership with the Brazilian Cooperative Organization, various artisanal mining cooperatives, the University of British Columbia, and Newlox Gold ( Portuguese news release here ).
Newlox Gold, as announced on June 16, 2021 , has been working in partnership with NAP.Mineração/USP, the centre for small-scale responsible mining at the University of São Paulo, Brazil. This centre supports dissemination of responsible mining practices to artisanal and small-scale mining operations through applied research, training and education. The actions of NAP.Mineracao/USP foster responsible and integrated management of mineral exploration, mine development, mining, rehabilitation, governance, and sustainable development within the artisanal mining sector.
The objective is to “prepare miners for the long term by establishing safer and more efficient mining models and disseminating mercury-free gold recovery techniques, practices and principles of health and safety, ESG, economic management and gender equality”, commented Professor Giorgio De Tomi, the director of NAP.Mineração/USP and Newlox Gold’s head of Brazilian Operations.
The fostering of partnerships between artisanal miners and private companies is a vital part of SGM-Coexistence in Brazil initiative. Newlox Gold has been presented to the Brazilian artisanal sector as an example of a company implementing mutually beneficial business models for improving the economic, social, and environmental impacts of artisanal mining for all stakeholders. This is illustrated by Newlox having developed successful partnerships with local miners in Costa Rica.
Two attractive artisanal mining projects in Brazil have emerged from the Company’s due-diligence work over the fall. One of these provides a natural beachhead for Newlox Gold to expand into this vast and exciting market. The Company is working with its local partners with whom it has established close relationships. Newlox Gold looks forward to starting construction on its third project, and first in Brazil, next year.
“Over the fall, we completed our initial due diligence work and identified a project in Brazil as an obvious starting point in the country. Recently, several legal and regulatory prerequisites have been successfully completed, allowing the Company to move into the final stages toward signing a definitive agreement.”
“The Brazilian mining industry is several orders of magnitude larger than our operations in Costa Rica, representing a massive opportunity for the growth of Newlox Gold,” commented CEO Ryan Jackson.
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: + 1 604 256 0493
- Published in Mining, Newlox Gold, News Home
Newlox Gold Update & Quarterly Financials
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LU X.CN ) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce it has filed its quarterly unaudited financial statements and management discussion and analysis on SEDAR ( www.sedar.com ), and to provide an update on operations.
During the period, the Company has been ramping-up operations at its first ESG-focused artisanal tailings remediation and precious metals recovery plant (Plant 1) while also undertaking the construction of its second processing plant, the Boston Project. Newlox Gold is pleased with progress at both projects and is in a strong cash position with growing quarterly earnings.
At Plant 1, revenues have increased each month in 2021 as throughput and productivity continue to advance towards the Company’s goals. However, growing monthly productivity has not accelerated as quickly as management intended. Slower than targeted growth has primarily resulted from supply chain interruptions, which have not allowed the operations team to fully implement operational circuit adjustments inherent to the ramp-up process as quickly as would usually be possible.
The processing plant has operated at a throughput level as high as 50 tonnes per day, representing a significant increase from previous operations. However, the processing plant’s efficiency decreased at that level of throughout, requiring some adjustments to the milling procedure and changes to reagent types.
After considerable analysis, the Company’s engineers have developed new procedures to maintain efficiency at higher levels of throughput, but the availability of the necessary supplies has slowed implementation. Typical reagent suppliers in Asia have not adequately supplied the domestic market in Central America. The Company has now successfully found alternate sources of the required reagents in South America.
Although throughput growth at Plant 1 has progressed slower than expected, the operations team has made consistent monthly progress this year and operations management remain confident they will achieve the Company’s goals. Plant 1 will process 80 tonnes per day of artisanal tailings feedstock at base-case full-scale, with gold recovery expected to exceed 6,500 ounces per year.
At the Boston Project, the Company has navigated the hurdles of the pandemic and the associated global supply chain disruptions to procure the crushing infrastructure, conveyor systems, and a large ball mill. Construction activities have accelerated since the end of the wet season in November, and Company’s construction contractors anticipate project completion at approximately the end of the year.
Newlox plans to operate the new Boston mill at 150 tonnes per day with a feed grade of +- 15 grams per tonne gold with an anticipated gold recovery of 90%. All feedstock is to be provided by Newlox’s mining partners, with profits to be split evenly between the parties. The Boston Project is expected to significantly contribute to the Company’s growing productivity in 2022.
In Brazil, the Company continues to make progress on its planned expansion following the successful application of recovery and rehabilitation procedures in Costa Rica. Further information on Newlox Gold’s regional growth strategy will be provided in upcoming news releases.
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in this press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: + 1 604 256 0493
- Published in Mining, Newlox Gold, News Home
Newlox Operations Benefit from 98% Renewable Electricity in Upgraded Power Service
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LU X.CN) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce that the Company’s processing plants have been approved for a major electrical upgrade by the Costa Rican national power company. Both Plant 1 and the upcoming Boston Project will benefit from connection to Costa Rica’s high-tension three-phase electrical system. Significantly more efficient operations and cost savings are anticipated.
Newlox Gold has always benefited from Costa Rica’s robust infrastructure. The upgraded electrical service offered to the Company’s processing plants will assist our goal of delivering low operational costs.
In addition to the economic benefits of the new service, Newlox is pleased to report that Costa Rica has, for the seventh consecutive year, achieved 98% renewable energy in its electrical grid .
Recent analysis indicates that Costa Rica generates 73.39% of its energy from hydropower, 13.84% from geothermal sources, 12.12% from wind and 0.63% from biomass and solar panels. Minister of the Environment and Energy Carlos Manuel Rodríguez adds that Costa Rica intends to continue to advance renewable energy development through modernization of the country’s infrastructure, including the transportation, waste, cattle, agriculture, construction and cargo industries.
A Message from Ryan Jackson, President & CEO:
“We are delighted to report that our projects in Costa Rica will soon be linked to the country’s high-tension three-phase electrical system designed for industrial operations. Connection to this system will increase efficiency and reduce power consumption at Newlox’s facilities, supporting the Company’s ESG goals.
What’s more, because the Costa Rican power grid is supplied with 98% renewable energy, Newlox’s processing plants are also run on 98% renewable electricity. Costa Rica’s green power grid, a major benefit of operating in the country, substantially enhances Newlox Gold’s ESG focus.
We can not only operate more efficiently because of the upgraded electrical infrastructure but the vast majority of the electricity we use will be generated from renewable sources.”
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in this press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: + 1 604 256 0493
- Published in Mining, Newlox Gold, News Home
Newlox Gold’s Partners Begin Mining the Historic Boston Mine, Costa Rica
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LU X.CN ) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce that its local mining partners have commenced operations at the historic Boston Mine. The miners have started actively mining at Boston to establish a stockpile of freshly sourced material in anticipation of the completion of Newlox Gold’s Boston Processing Plant.
The recovery plant at the Boston Project is the Company’s second environmentally and socially positive precious metals recovery plant. It will process feedstock newly extracted from the Boston Mine by the Company’s local mining partners. Newlox will operate the new mill at Boston capable of processing 150 tonnes per day of material grading +- 15 grams per tonne gold with an anticipated gold recovery of 90%. All feedstock is to be provided by Newlox’s mining partners, with profits to be split evenly between the parties.
The joint project benefits both parties, as Newlox will outsource all mining to its local partners while providing them with modern, environmentally sustainable, and effective mercury-free mineral processing. The Boston project is fully permitted under existing mining codes, inclusive of the use of necessary chemicals utilized in the gold and silver recovery process, while eliminating the use of mercury.
While construction at Boston was delayed in 2021 due to the pandemic and the associated global supply chain disruptions, excellent progress is now being made, with the operations team expected to complete construction, testing, and commissioning before the end of the year.
Throughout the summer of 2021, the Company’s local mining partners have refurbished the Boston Mine. The Company has assisted the rehabilitation effort by making available its in-house laboratory to test samples taken in collaboration with the miners from the Boston Mine as they evaluate areas for initial exploitation. Grab samples collected recently as part of the rehabilitation effort returned results as high as 77.1 grams per tonne gold .
Availability of Newlox Gold’s in-house analytical laboratory has assisted the local miners to confirm the location of high-grade mineralization in the historic Boston Mine and has assisted them to mine and establish a stockpile of quality mill feed for the new processing plant.
A Message from Ryan Jackson, President & CEO:
“We are delighted to announce that the Company’s mining partners at the Boston Project have completed the refurbishment of the first level at the Mine and are now actively producing feedstock for our joint project. Access to Newlox’s in-house lab has provided the Company’s partners with high-quality data to support their mining plan and will enhance their demonstrated ability to identify and mine quality feedstock.
With advancing construction at the Boston Processing Plant, we look forward to testing and optimization with an established stockpile of quality mill feedstock, which will precede full scale operation next year.
The ‘ Coexistence Model of Artisanal Mining ’ promoted by Dr. Marcello Veiga to the United Nations PlanetGOLD Initiative as a sustainable solution to the issue of artisanal mining, is superbly illustrated by Newlox’s providing a modern and environmentally friendly processing option to local miners at the Boston Mine.
Precious metals are an integral part of heritage and traditions around the world and persist today to be mined for both economic and cultural reasons. Now, impressively for this area, for the first time since the ancient introduction of the mercury amalgamation process, artisanal gold and silver will be recovered without the use of mercury and its associated environmental damage.
We are proud to be working partners with the local miners at Boston with whom management has established a strong bond. The Project will contribute substantially to the Company’s near-term growth while both supporting the local economy’s sustainable development goals and solving a decades-old environmental and social dilemma for the benefit of all stakeholders.”
Outlook
Newlox Gold has both a robust treasury, and an experienced technical team which has implemented numerous strategies to overcome supply chain challenges at operations. Our team is completing the ramp-up of Project 1 (our operational tailings remediation project), which is already cash-flow positive and improving each month. The team will complete the construction and commissioning of the Boston Project and will then be positioned to support both our regional growth strategy in Central America, and our recently announced planned expansion in Brazil.
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in this press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: + 1 604 256 0493
- Published in Mining, Newlox Gold, News Home
Newlox Gold Samples 77.1 g/t Gold at Historic Boston Mine, Costa Rica
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) ( CNSX : LU X.CN ) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce grab sample results as high as 77.1 grams per tonne gold from the most accessible portions of the historic Boston Mine in Costa Rica. The Boston Mine is currently being exploited by Newlox Gold’s local mining partners with whom Newlox has partnered to supply primary feedstock to the Company’s Boston Processing Plant, which is now at an advanced stage of construction.
Highlights
- – Grab samples were taken by the Company’s geological team from vein structures identified by the Company’s local mining partners at the Boston Mine.- Four grab samples from prominent veins in easily accessible areas of the Boston Mine were assayed using the Fire Assay method, returning 46.57 g/t Au, 67.80 g/t Au, 73.28 g/t Au, and 77.10 g/t Au respectively .- These results affirm historical data indicating the presence of high-grade gold associated with epithermal quartz vein systems at the Boson Mine, however the reader is cautioned that such grab samples are not necessarily indicative of the mineralization in general for the deposit.- A National Instrument 43-101 report by Veritas Mining C.R. S.A. in 2011 on the Boston Project and surrounding Juntas Gold Camp published a historical resource of 241,000 tonnes containing 20,800 oz of gold and an exploration potential of between 685,000 and 981,000 ounces . A substantial portion of the exploration potential was ascribed to the Boston Project area.
The Company has under construction its second environmentally and socially positive precious metals recovery plant at the Boston Project, which is intended to process feedstock newly extracted by the Company’s local mining partners. In anticipation of the commissioning of the Boston Processing Plant, the Company’s mining partners are reconditioning the Boston Mine adits (tunnels) and identifying veins of interest for sampling and future mining.
At the Boston mine, historical records and recent local mining indicate four mining levels, targeting a system of steeply dipping northeast-trending veins up to 5 meters thick, with grades up to 77.1 grams per tonne, that are readily accessible for immediate exploitation. As with other concessions in this area, bonanza-type shoots with higher grades may be anticipated.
Newlox plans to operate the mill at Boston capable of processing 150 tonnes per day of material grading +- 15 grams per tonne gold with an anticipated gold recovery of 90%. All feedstock is to be provided by Newlox’s mining partners, with profits to be split evenly between the parties. The Company expects the Boston Project to contribute significantly to Newlox’s near-term growth.
A Message from Ryan Jackson, President & CEO:
“These first outstanding high-grade gold results from grab sampling at the historic Boston Mine support both historical exploration results and confirm mining reports provided by the Company’s local mining partners.
We are encouraged that the easily accessible vein structures within the Boston Mine, which are currently slated for immediate exploitation by the local miners, have returned gold grades in excess of 70 grams per tonne. Although the grab sample results do not necessarily indicate the mineralization in general for the deposit, the findings support historical and current data on the Boson Mine.
Positive sampling results from the Boston Mine are especially timely since construction at the Boston Plant is nearing completion. Like many of the Company’s initiatives in 2021, construction at Boston is behind schedule but is progressing nicely.
This year, we have been frustrated by significant delays due to the pandemic and the associated global supply chain disruptions. The Company has had key members of its management and engineering team affected directly by the COVID-19 virus. Additionally, equipment and consumables were delivered over three months later than expected.
These challenges have led the Company to lose time but not resolve.”
Outlook
Newlox Gold enjoys both a robust treasury, and an experienced technical team which has implemented numerous strategies to overcome supply chain challenges at operations. Our team is completing the ramp-up of Project 1 (our operational tailings remediation project), which is already cash-flow positive and improving each month. The team will complete the construction and commissioning of the Boston Project and will then be positioned to support both our regional growth strategy in Central America, and our new activities in Brazil.
- Published in Mining, Newlox Gold, News Home
Newlox Gold Identifies Significant Brazilian Opportunities
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LUX ) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to provide further information related to the Company’s entrance into the Brazilian gold scene. Newlox Gold intends to develop ESG-focused (environmental, social, and corporate governance) precious metals projects in Brazil through partnerships with local artisanal mining groups.
As previously announced ( 16 June 2021 ), Newlox Gold has begun working in partnership with NAP.Mineração/USP , the centre for small-scale responsible mining at the University of São Paulo, Brazil. The centre supports the dissemination of responsible mining practices to artisanal and small-scale mining operations through applied research, training, and education. NAP.Mineração/USP’s actions are oriented to foster responsible and integrated management of mineral exploration, mine development, mining, rehabilitation, governance and sustainable development within the artisanal mining sector.
With the support of NAP.Mineração/USP, the Company has identified three promising areas suitable for deploying Newlox Gold’s ESG-focused precious metals processing plants. These projects offer very significant opportunities to the Company and represent the backbone of an ambitious expansion program envisioned by management. The Company has now deployed personnel on the ground to undertake in-field due diligence of these projects and is interpreting data from sampling and geological work.
The first area is located in the state of Mato Grosso in the Amazon region, where Dr. De Tomi and NAP.Mineração/USP are conducting a World Bank sponsored project to improve the economic, social, and environmental conditions of artisanal miners and other stakeholders. The established cooperative operating in this area has more than 5,900 members, with 133 mining claims maintaining 300 active mining faces. Gold production in this district in 2020 was estimated to be over 4.8 tons.
Newlox Gold intends to complete its due diligence on these projects over the coming months with the intention of breaking ground on its first Brazilian processing facility (The Company’s 3 rd plant) in the winter of 2021/2022. Management looks forward to providing updates during the due diligence, planning, and construction phases as it executes its Latin American growth strategy.
A Message from Ryan Jackson, President & CEO:
“We are excited to see Newlox Gold begin its ambitious expansion in Brazil, which will be a significant milestone in the Company’s growth strategy. The Brazilian mining industry is several orders of magnitude larger than what is found in Costa Rica, with over 250,000 known artisanal miners operating in the Amazonia region alone.
This first project in Brazil will be Newlox’s third such unit in its Latin American growth program geared toward increasing productivity while delivering social and environmental benefits to local stakeholders.”
Join Ryan Jackson for the Newlox Gold Brazil Expansion Overview Presentation on Zoom
1:45 pm Pacific Time (4:45 pm Eastern Time) on Tuesday the 13 th of July
- Published in Mining, Newlox Gold, News Home