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Newlox Gold Ventures Takes a Bold Leap Towards Sustainable Gold Mining in Antioquia, Colombia
Vancouver, BC – TheNewswire - 26 March 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) a trail
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"Vancouver, BC – TheNewswire - 26 March 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) a trailblazer in environmentally conscious mining practices, is pleased to announce a strategic investment of US$100,000 in its Antioquia Community Coexistence Gold Project (the “Coexistence Project”). Engineering and permitting work are currently underway at the project, with the Company’s efforts being directed at obtaining all necessary permits for the project to facilitate the start of construction in 2024. Figure 1. One of Six Newly Upgraded Local Mines to Supply the Planned Newlox Gold Toll Mill Newlox Gold’s Coexistence Project in San Roque, Department of Antioquia, Colombia, is a planned 1,000 tonne per day toll milling gold operation that will provide local small miners access to modern mineral processing options. The Company will benefit from an exclusive processing mandate for all ore mined by local Colombian miners from the high-grade zones surrounding the Gramalote project, a notable feasibility-level open pit gold project with resources of over 4.2 million ounces of gold. As part of the Coexistence Project, the Government of Antioquia has announced the formalization of 60 artisanal mining areas into legal mining concessions, which will exclusively supply feedstock to the Coexistence Project’s processing plant. As part of the formalization process, the local miners are required to join a community mining organization which provides access to expertise and capital to facilitate the upgrade of their operations. 6 of the 60 mines have now been upgraded from traditional artisanal workings to modern and efficient mining operations, and the remaining 54 are expected to follow. In addition to being a significant economic opportunity for Newlox and its shareholders, the Coexistence Project is designed to be a harmonious collaboration between the Company and the local community. Management’s vision extends beyond extracting precious metals; it encompasses sustainability, social responsibility, and economic empowerment. Because of the robust environmental and social development goals of this endeavour, the Coexistence Project benefits from strong government support, and management is pleased to report that significant public investment in infrastructure surrounding...