Vancouver, BC – TheNewswire – 29 April 2021 – Newlox Gold Ventures Corp.
Newlox designed this mill with the capability of processing 150 tonnes per day of mineralized material grading approximately 15 grams gold per tonne.
Newlox Gold is undertaking an expedited construction and commissioning schedule at Plant 2, which is made possible by its fully-permitted status and its proximity to the artisanal mining operations, as well as the experience of Newlox Gold’s engineering and fabrication team.
As part of this process, the local groups are actively reconditioning the Boston Mine adits in anticipation of enhanced mineral processing without the need for mercury.
This partner mining approach creates a coexistence model for artisanal mining, seeking to uplift local miners by providing access to modern and efficient processing technologies while maintaining cultural and economic traditions.
By selecting small-scale projects with low capital requirements and expedited development timelines, the Company plans to grow aggressively in Latin America to encompass multiple projects.
It will empower local miners to enhance their economic, social, and environmental circumstances while advancing our Company’s growth strategy.
Newlox Gold has raised sufficient capital to fund its 2021 initiatives and remains on a solid footing to achieve its goals.
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.
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.