Business
Newlox Gold Ventures Resumes Pouring Gold
Vancouver, BC – TheNewswire - 21 January 2021 - Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE:LUX) (CSE:LUX.CN) (Frankfurt/Stuttgart:NGO) is pleas
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"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. Figure 1. Newlox Gold’s Upgraded Plant and Most Recent Gold Doré Bar 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....