Newlox Gold Ventures Corp NWLXF

New Press Release - Metallurgical Optimization Significantly Increases Gold and Silver Recovery Rates at Processing Facilities

(TheNewswire)Vancouver, BC – TheNewswire - 6 May 2024 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF)a leader in the development and operation of environmentally responsible mineral processing is delighted to announce the favourable...read article.

[nedstar71]

Newlox's news releases always seem almost purposely constructed in a way, making an effort to say so much while saying almost nothing at all.  Nice to know production will be starting when commisioning is complete (lol).  Bad to know that in my opinion these guys have the potential to keep it in the 'commissioning' stage for quarter after quarter after quarter.....until the

[nedstar71]

I should correct that, "Good to know that commercial operations are expected to start at the end of commissioning (lol) ”  Funny thing was the text I was reading had the last word (commissioning) on the next line so reading it I had a brief millisecond thought of "OMG they're actually going to estimate a date!"...but of course not.  

[lscfa]

This suggests the tailings plant output is at 25% of forecast (6500 ozs/yr) because name plate capacity is lower than anticpated (80 tpd) and/or grade is less than anticpated (gms/t)