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Newlox Delivers Over 90% Gold Recovery Using Organic Aqua Regia
Figure 1. Organic Aqua Regia Samples Vancouver, BC - TheNewswire - 15 October 2020 - Newlox Gold Ventures Corp. ("Newlox" or the "Company") (CSE:LUX) (CNSX:LUX.
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"Figure 1. Organic Aqua Regia Samples Vancouver, BC - TheNewswire - 15 October 2020 - 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 informat...