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 dore atits remediation and precious metals recovery facility in Central America following the announcement of an inaugural pour on April 23, 2018.
The inaugural pourrepresenteda 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 satisfactorilywithNewlox’s operations team focusing onn 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 dore 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 dore 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 dore.
Ryan Jackson, President of Newlox Gold comments:
“Pouring of Newlox’s inaugural gold dore 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 dore 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.
This article provided by NewsEdge.