Globe says Newlox seen as a microcap worth considering
In the News
The Globe and Mail reports in its Wednesday edition that small-company stocks are back in the spotlight again, helped by tailwinds in multiple sectors at the same time. The Globe’s Shirley Won writes that microcap stocks offer potential for big gains, but keep in mind that they come with higher risk. Selective Asset Management president Robert McWhirter recommends buying Newlox Gold Ventures (30 cents). Mr. McWhirter says Newlox recovers gold from tailings left by artisanal miners in Latin America. These miners’ method only captures about 40 per cent of gold in the ground, while 60 per cent is thrown into a pile that contains silver, too, notes Mr. McWhirter. Newlox’s initial venture is in Costa Rica, which has suffered environmental damage from mercury use in gold recovery by artisanal miners. In the second quarter, Newlox plans to ramp up gold production from tailings at its first plant and commission a second plant to crush ore to be brought there by miners. A risk is that these miners may not want to participate, but these projects have government support because of environmental concerns. Newlox plans to announce a third plant soon in another country. Mr. McWhirter paid 22 cents a share for Newlox stock.
- Published in Newlox Gold
Newlox Resumes Pouring Gold
Figure 1. Newlox Gold’s Upgraded Plant and Most Recent Gold Doré Bar
Vancouver, BC – TheNewswire – 21 January 2021 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX ) (CSE:LUX.CN) ( Frankfurt/Stuttgart: NGO ) is pleased to announce that pouring of gold at the Company’s first environmentally positive processing plant in Costa Rica has recommenced. Newlox Gold poured its first gold doré for 2021, and the operations team plan to regularly pour gold for sale as operations ramp-up to full scale over the coming months.
Gold production at Plant 1 was re-started following the unavoidable Covid-19 suspension of operations earlier in 2020. During that time, Newlox took advantage of the situation to move its first processing plant to a more favourable permanent location in line with longer-term growth objectives.
The Company is now operating a significantly enhanced processing plant, which is expected to achieve full-scale throughput at 80 tonnes per day in the second quarter of 2021. Recoveries to date have established a feedstock cutoff grade of 9 grams per tonne gold and recoveries of approximately 90%. Management looks forward to increased precious metals production and sales over the coming quarters.
Click here to register for Newlox’s bi-weekly conference call to learn more.
A Message from Ryan Jackson, President & CEO:
“We are pleased to pour our first gold doré of 2021, which is a milestone on the path to full-scale production at Plant 1. This first pour at our upgraded plant indicates the technical systems are operating well and ready to scale.
Now the focus is on ramping-up daily throughput and reaching the Company’s production goals. Having closed a major financing for the company in December, Newlox Gold has a strong financial footing, which is supporting the ramp-up of operations at Plant 1 as well as the advancement of the Company’s growth strategy.”
About Newlox Gold
Newlox has identified a niche within the extractive industry where a clean-technology company can apply innovative processing techniques to not only recover precious metals but also affect positive change in the environmental and social landscape in its targeted jurisdictions of operations.
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. 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: +1 778 738 0546
- Published in Mining, Newlox Gold, News Home
Newlox Gold Advances Second Processing Plant
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Figure 1. Historical Geochemistry Indicates Significant Gold Anomalies in the Boston Area
Vancouver, BC – TheNewswire – December 21, 2020 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX ) | ( Frankfurt: NGO ) | (CNSX:LUX.CN) Having completed its oversubscribed $2,779,000 financing, the Company is poised to execute its growth plans for 2021.
Newlox Gold is closing the year on a positive note with its first processing plant upgraded, operating and ramping-up throughput. At full scale, the processing plant will be capable of processing 80 tonnes per day of artisanal tailings feedstock targeting over 6,500 ounces of gold per year.
Earlier this year, Newlox Gold announced that it had secured a fully permitted location to construct and commission a second processing plant to facilitate near-term production growth. This second processing plant, the Boston Project, is located in the historic Juntas Gold Camp of Costa Rica, which has been mined continuously by local miners since the early 1900s, with over 2 million ounces of gold produced historically.
For the Boston Project, the Company is establishing a mill with a throughput of 150 tonnes per day of material grading +- 15 grams per tonne gold. Newlox will operate Boston in partnership with local mining groups. Local partners will supply freshly mined feedstock to the Newlox processing plant. Net revenues after all production costs will be split 50/50 between the miners and Newlox. The Company expects the Boston Project to significantly contribute to Newlox’s near-term growth.
The Company has access to substantial historical data on both the Boston area and the entire Juntas Gold Camp and has undertaken an ongoing comprehensive review. A geological assessment of the Juntas Gold Camp by the Newlox geology team has estimated that the Juntas-Boston area has been the source of significant historical production and holds substantial future gold and silver potential .
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Figure 2. Historical Exploration Results Show Regional High-Grade Gold
The Juntas Gold Camp is divided from west to east into several sub-districts, which have been subjected to varying levels of historical exploration. The most historically active sub-district, Tres Hermanos, hosts a major historical mine which is now being actively mined by the local mining partners of Newlox. Data on historical production in this area indicates the grade to have been around 16 grams per tonne gold. The gold-bearing material at Tres Hermanos is rich in silver (electrum) and is accompanied by sphalerite, galena, and stibnite. Historical production in just this sub-district is estimated to be over 2 million ounces of gold. Extensions to the known vein system hold potential both on strike and at depth.
On the western portion of the camp lies the La Luz area, where two parallel vein structures having a thickness of 1.2 to 2 meters with grades between 12.5 to 37 grams per tonne gold have been explored and exploited (OEA 1978).
The nearby Silencio Area hosts veins up to 5 meters in thickness, with historical exploration and mining records indicating grades between 7.8 and 15.6 grams per tonne gold. These veins were exploited at multiple levels and remain open for further exploitation and exploration.
Click Image To View Full Size
Figure 3. Exploration and Historical Mining at Boston Outlines High-Grade Veins
The Boston Area, where Newlox Gold is constructing its second processing plant, hosts three historical mines that exploited veins up to 5 meters thick, with historical records showing grades averaging 7.41 to 12.6 grams per tonne gold. They have been mined for the past 30 years by Newlox Gold’s local artisanal mining partners, with currently reported grades exceeding historical records.
A NI43-101 report produced in 2010 tabulated the current potential of the southwestern section of the Juntas Gold Camp at an estimated 3,500,000 tonnes containing 1,200,000 ounces of gold and the northeastern section at an estimated 1 to 10 million ounces of gold. In total, Newlox’s geology team estimates that the Las Juntas Gold Camp has the potential for between 1.2 and 10 million ounces of gold with an equivalent silver component*.
The author also noted that the overall Central Gold Belt, which contains the Juntas Gold Camp, has undergone little modern exploration and holds excellent exploration potential for large, rich gold deposits starting at the surface and extending beyond 500 meters in depth.
* The numbers stated above are conceptual in nature and historical and as such have not been determined under NI 43-101 constraints. There can be no assurance that any such resources will be discovered and if discovered there is no assurance that any such resources may be economically recoverable.
Click Image To View Full Size
Figure 4. Recently Collected Grab Samples from Boston Show Visible Gold
A Message from Ryan Jackson, President & CEO:
“Newlox Gold expects to have a transformational year in 2021; the Company’s first processing plant is expected to achieve full-scale production, and the Boston Project is slated to enter production early in the second quarter. Additionally, Newlox is actively evaluating projects in neighbouring jurisdictions and plans to select and announce its third project in the spring with the intention of starting construction at Project 3 in the second half of 2021.
The Company’s recently closed $2.779 million financing places Newlox on firm footing to optimize production at its first processing plant and advance its organic growth model. Newlox Gold focus on the US$27 billion artisanal gold sector over the coming years. Artisanal mining currently accounts for 20% of annual global gold production, and Newlox is looking to participate in this neglected arena while dramatically improving environmental and social standards. It all starts in 2021!”
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Forward-Looking Information
The information in this news release may include 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. 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
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 738 0546
- Published in Mining, Newlox Gold, News Home
Newlox Gold Resumes Gold Production
Figure 1. The Enhanced Processing Plant
Vancouver, BC – TheNewswire – 13 November 2020 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX ) (CNSX: LUX .CN) ( Frankfurt: NGO ) is pleased to announce that it has resumed gold production following the unavoidable Covid-19 suspension of operations at its environmental remediation and gold production facility in Costa Rica.
Management utilized the temporary interruption to upgrade the Company’s production circuit and is pleased to report that the enhanced facility is operational.
The Plant has a rated capacity of 80 tonnes per day of material grading +9 grams per tonne gold with an anticipated gold recovery of approximately 90%.
A Message from Ryan Jackson, President & CEO:
“We are excited to resume gold production at the first processing plant and have set a goal to achieve full production within the first half of 2021. Newlox Gold has also started development work on Plant 2, located at its recently announced Boston Project.
Management looks forward to producing at Plant 2 shortly after Plant 1 achieves rated capacity. Additionally, Newlox Gold has multiple expansion projects under due-diligence, and we expect to announce our third project early next year.”
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. 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
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 738 0546
Register for Newlox’s Weekly New Investor Conference Call
- Published in Mining, Newlox Gold, News Home
Newlox Delivers Over 90% Gold Recovery Using Organic Aqua Regia
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX ) (CNSX:LUX.CN) ( Frankfurt/Stuttgart: NGO ) is pleased to provide an update on the Organic Aqua Regia (OAR) testing underway at the recently established Newlox Research and Development’s laboratory. The Company is investigating Organic Aqua Regia (OAR) technology as a non-toxic and water-free alternative to cyanidation for the production of gold and other precious metals. While OAR is currently in Stage 1 testing at the Company’s laboratory, preliminary results are very encouraging.
OAR is being developed in conjunction with the University of British Columbia in Canada and Chiba University in Japan for the leaching of gold with an organic reagent that is both non-toxic and widely used in other industries. The reagent price is comparable to sodium cyanide, the conventional gold mining industry reagent. The main advantages are that it is non-toxic, is recyclable, extracts gold faster than cyanide, does not use water, and does not require carbon or electrowinning.
Recent OAR tests conducted by Newlox on high-grade gold ore samples have returned gold recoveries above 90% when conducted at ambient temperature and pressure. Testing is currently underway to investigate the effect of both temperature and reagent concentration on the leaching mechanics.
A Message from Ryan Jackson, President & CEO:
“During a recent visit to the laboratory by management, the research and development team presented preliminary results from Stage 1 testing. We were delighted to hear that the first round of testing delivered over 90% gold recovery, using the cutting-edge OAR leaching technology.
This initial round of testing is part of Newlox R&D’s 12-month OAR development program, and we are delighted to have already realized such positive results. Stage-1 testing is still underway, and we are looking forward to reporting the detailed results of this program as they become available.
OAR leaching could be a paradigm-shifting technology applicable not only to the US$180 billion formal global gold mining industry but also as a method to bring the US$27 billion informal gold mining industry into the 21st century.”
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. 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
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 738 0546
- Published in Mining, Newlox Gold, News Home
Newlox Gold Joins CSE Composite Index
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX ) | ( Frankfurt/Stuttgart: NGO ) (CNSX:LUX.CN) is pleased to inform investors that effective September 18, 2020, the Company has been added to the Composite Index of the Canadian Securities Exchange as part of the CSE’s quarterly rebalancing ( link ).
The CSE Composite Index is a broad indicator of market activity for the Canadian Securities Exchange (“CSE”) and is weighted by market capitalization with a $5,000,000 market capitalization threshold for inclusion. The CSE Composite Index is a uniquely positioned gauge of the Canadian small-cap market.
In addition to Newlox Gold’s primary listing on the CSE, the Company is also listed with the symbol NGO on the Frankfurt and Stuttgart stock exchanges in Germany.
A Message from Ryan Jackson, President & CEO:
“Newlox’s addition to the CSE Composite Index is another great milestone for the Company and recognizes our successful efforts to market the Company to a broader audience in 2020. We’re honoured to join the index and look forward to the increased exposure to a broad range of potential investors and the enhanced liquidity it may provide.
We would like to thank Newlox’s shareholders for their ongoing support and our entire team for their hard work and dedication.”
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. 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
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 738 0546
- Published in Mining, Newlox Gold, News Home
Newlox To Re-Start Gold Production
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE:LUX ) (CNSX:LUX.CN) ( Frankfurt: NGO) is pleased to announce that it is implementing its plan to re-start gold production at its environmental remediation and precious metals production facility in Costa Rica (Plant 1).
Gold production operations at Plant 1 were suspended earlier in 2020 following an alarming increase in COVID-19 infections in Costa Rica. Management has since then been working closely with local stakeholders to develop a plan to both re-start gold production and enhance the Company’s operational capabilities.
Given the necessary summer-long pause of operations, management elected to disassemble, move and re-assemble Plant 1 at its newly acquired nearby location adjacent to the Company’s recently announced Boston Project (Plant 2). The new larger site allows for a future increase in the project scale. It also accommodates both the Company’s enhanced laboratory and basecamp and is closer to the artisanal mines and sources of tailings feedstock.
The new location reduces transportation costs, enhances project logistics, facilitates production growth, and increases site security. Additionally, the new location is outside of the local municipal limits, reducing COVID-19 related concerns and enhancing the safety of personnel.
The re-assembled Plant 1 benefits from the robust infrastructure enjoyed at the previous location while adding significant advantages. It is accessible by municipally maintained roads, is connected to renewably sourced grid electricity, and is easily accessible for local emergency services.
Newlox has made significant progress in re-locating Plant 1. Site stability analysis, archeological studies, and environmental studies were completed, and building permits issued. Re-assembly of the plant is well underway. Management expects to re-start gold production in early-October.
Once re-started, Newlox will immediately begin ramping-up operations at the first processing plant. At full-scale operation, Plant 1 will be capable of processing 80 tonnes per day of material grading +9 grams per tonne gold with an anticipated gold recovery of approximately 90%.
A Message from Ryan Jackson, President & CEO:
“This year, we have all faced unforeseeable challenges, and we have been called on to adapt to the changing landscape as we continue to progress and meet new challenges.
We at Newlox determined that our strategy would be adaptability and decisive action.
Although there was no way to predict the trajectory of COVID-19 in Costa Rica, our management team decided to take advantage of the unscheduled shutdown to execute our long-standing plan to move the first proof of concept processing plant to a more favourable permanent location, to support the Company’s longer-term growth objective. The overall plan is approved by the regulators, allowing us to re-start gold production at Plant 1 very soon.
We are excited to re-start the ramp-up of gold production at the first processing plant and have set a goal to achieve full-scale productivity in the first quarter of 2021. Newlox Gold is also progressing at its recently announced Boston Project (Plant 2), where development work is already underway.
Management looks forward to adding strong production growth at Boston (Plant 2), which we expect to begin production as Project 1 achieves full-scale operation. Newlox Gold also has multiple expansion projects in due-diligence, and we expect to announce our third project early next year.”
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Figure 2. Management & Engineers Overseeing Construction
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. 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
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 738 0546
- Published in Mining, Newlox Gold, News Home
Newlox Gold Operations Base and Field Laboratory
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE:LUX ) (CNSX:LUX.CN) ( Frankfurt: NGO) is pleased to announce the opening of its new multi-purpose base camp, strategically located in the Juntas Mining District near its current gold processing operations and its new Boston Mine Project.
The new centrally-located base camp will support day-to-day operations as well as the construction of the recently announced Boston project.
The new basecamp includes an operations office, fully-fitted assay lab, personnel service facility, including accommodations for employees, a full kitchen and cafeteria, as well as a workshop with parts and tools storage. The new secure camp with covered and open-air storage allows for all-weather fabrication and repairs of mill components. The Newlox staff will be able to benefit from convenient support facilities, reduced travel times, and lessened exposure to Covid-19 risks.
The Company has also relocated its analytical laboratory to the new basecamp. This cutting-edge field laboratory is fully equipped for fire assay and atomic absorption spectroscopy (AAS) assay procedures. These techniques are the gold-standard for measuring precious metals in both rock and tailings. The Company can test both solid and liquid samples, and the in-house lab capability can ensure secure chain-of-custody for incoming samples and real-time results.
Fire assaying is an analytical technique which separates metals from impurities by fusion processes, which take place at of over 1,000 degrees Celsius, to determine the grade of the original sample. This process is widely regarded as the most reliable method to determine the metal content of ores that contain precious metals.
Fire assay capability at this in-house analytical laboratory allows for immediate analysis of both regionally sourced tailings feedstock and newly mined material from the Boston operations.
The lab also utilizes the faster atomic absorption spectroscopy (AAS) technology to test liquid samples and samples with additional elements of interest. AAS is a spectroanalytical procedure that measures the concentration of elements in a solution using the wavelengths of light specifically absorbed by each element when vaporized in a high-temperature environment. This sensitive technique can measure the concentration of elements down to parts per billion.
The combination of fire assay and AAS capability ensures Newlox operations access to the highest level of data for feedstock quality control, process control, and R&D purposes.
Newlox’s new base camp and expanded assay laboratory will support the planned growth of productivity at the historic Juntas Gold Camp.
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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. 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
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 738 0546
- Published in Mining, Newlox Gold, News Home