| Vancouver, BC, 17 May 2018 - Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt: NGO) is pleased to announce continued pouring of gold dor at its remediation and precious metals recovery facility in Central America following the announcement of an inaugural pour of gold dor on April 23, 2018.
The inaugural pour represented a major milestone for the Company as it was the culmination of successful testing of the Company’s specialized three-stage tailings reprocessing system. The plant is now operating satisfactorily with Newlox’s operations team focusing on increasing daily volume of throughput and achieving optimum tailings remediation efficiency and gold recovery. Management expects to achieve increasing yields week-over-week as the operations team advance towards targeted metals recovery levels.
Establishment of continuous operations and dor recovery represents a major accomplishment for the Company. Sustained operation of all the processing plant’s circuits is generating significant daily data from testing at the Company’s on-site atomic absorption spectroscopy laboratory. This will expedite procedural adjustments by the Company's engineering team, with the goal of reaching optimal efficiency.
Additionally, regular recovery of precious metals dor should provide the company with operational revenue to support Newlox’s ongoing business objectives. The Company's relationships with several local and international precious metals buyers as well as a major refinery in the United States facilitates the efficient sale of dor.
Ryan Jackson, President of Newlox Gold comments:
“Pouring of Newlox’s inaugural gold dor bar was a major milestone for the Company. This event also marked a paradigm shift of focus from development-stage activities to commercial operations. Pouring of precious metals dor can now occur regularly as our operations team increase throughput and efficiency performance week-over-week.”
About Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp. recovers contaminants and residual precious metals from historical waste accumulated from more than a century of inefficient artisanal and small-scale mining in politically and socially stable Latin American jurisdictions.
Newlox has agreements with local artisanal mining cooperatives providing steady supplies of feedstock for its first processing plant in Central America. Hundreds of years of mining history in Latin America and current inefficient artisanal processing ensure the Company ample opportunities to grow its business model.
Newlox occupies a niche within the extractive industry as a clean-technology company applying innovative processing techniques to not only recover precious metals but also effect positive change in the environmental and social landscape through its operations. |