(TheNewswire)
Vancouver, BC / TheNewswire / 17 May 2018 – Newlox
Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt: NGO) is pleased to announce continued pouring of gold doré
at its remediation and precious metals recovery facility in Central America following
the announcement of an inaugural pour 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 throughput and achieving optimum tailings remediation efficiency and gold recovery. Management
expects to achieve increasing week-over-week yields as operations advance towards targeted metals recovery
levels .
Establishment of continuous operations and doré recovery represents a major accomplishment for the Company. Continuous
operation of all the processing plant circuits is generating significant daily data from testing at the 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 doré should provide 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 efficient sale of doré.
Ryan Jackson, President of Newlox Gold comments:
“Pouring of Newlox’s inaugural gold doré bar was a major milestone for the Company. This event also marked a paradigm
shift of focus from development-stage activities to full-scale commercial operations. Pouring of precious metals doré can now occur
regularly as our operations team increase throughput and efficiency performance week-by-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. 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.
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. Forward-looking information includes,
but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements
are based on assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a
result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and
indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk
that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the
Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected
in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking
information will prove to be correct. Except as required by law, the Company disclaims any intention
and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or
otherwise.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating
the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and
technical risks of failure associated with any production decision.
Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has
supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox
Ryan Jackson
Newlox Gold Ventures Corp., President
Website:
www.newloxgold.com
Email:
info@newloxgold.com
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