(TheNewswire)
Vancouver, BC / TheNewswire / 30 May 2018
– Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt: NGO) is pleased to announce its third pouring
of gold doré at its remediation and precious metals recovery facility in Central America. Efficiency has
continued to improve since its inaugural pour of gold doré announced on April 23 rd , 2018 and its second pour announced on May 17 th , 2018.
These three events are significant milestones for the Company as it continues successful testing of
its specialized three-stage tailings reprocessing system. Newlox’s operations team are growing daily throughput, tailings
remediation efficiency, and gold recovery. Management expects to continue increasing yields week-over-week.
Continuous operation of all the processing plant’s circuits is generating significant data at
Newlox’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.
Ryan Jackson, President of Newlox Gold comments:
“These three gold doré bars are major milestones for the Company. Our focus has shifted from
development-stage activities to full-scale operations. It is encouraging that the pouring of precious metals doré is now occurring
regularly as our operations team increase throughput and efficiency .”
About Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp. is focused on recovering 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
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 has identified a niche within the extractive
industry where a clean-technology company can apply innovative processing techniques to recover not only precious metals but also
effect positive change in the environmental and social landscape through its operations.
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. is a “Qualified Person” within the meaning of National Instrument
43-101 and has prepared, supervised the preparation of, or 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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