Newlox Gold Ventures Corp C.LUX

Alternate Symbol(s): NWLXF

Newlox Gold Ventures Corp. is a Canada-based environmental reclamation and mineral recovery company. The Company is engaged in the business of operating tailings remediation and gold recovery facilities in Costa Rica. The Company is focused on developing gold projects through precious metals recovery from mining waste. The Company produces gold through environmental remediation by recovering residual precious metals and contaminants from historical tailings. The reclamation process is designed to provide environmental remediation and gold production. The Company’s wholly owned subsidiary, Oro Roca, S.A., has built an environmental reclamation facility in Central America.

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Newlox Gold Ventures Corp > Newlox Gold Announces First Mineralized Material Processed

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Comment by brewster123on Apr 17, 2024 4:57pm

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Post# 35994682

RE:Newlox Gold Announces First Mineralized Material Processed

Some quick math based on their NR:
150 tonnes per day of material grading +/- 15 grams per tonne of gold, with an expected gold recovery rate of at least 90%. All feedstock will be supplied by the Company’s local mining partners, with profits to be shared equally between the parties after expenses.

(150 t x 15g/t x 0.9)/2 = 1000 g/day attributable to Newlox

1 gram = $100CAD = $100,000CAD per day - but that is based on the spot price

What would Newlox receive per gram?

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