(TheNewswire)
Vancouver, BC – TheNewswire - 28 September 2022 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX ) | ( Frankfurt/Stuttgart: NGO ) | (OTC : NWLXF ) is pleased to invite you to view a CEO Clip posted on the official updating investors onconstruction at the Boston Clean Gold Project, which will be NewloxGold’s second gold recovery operation in Costa Rica.
Newlox Gold’s construction contractors have madesignificant progress recently at the Boston Project and anticipate thecompletion of construction this fall. Following the commissioning andtesting phases, the Boston Project will provide a no mercury useenvironmentally positive mineral processing option for local miners,providing economic, environmental, and social benefits to localstakeholders while generating value for Newlox Gold’s shareholders.
Recently, the Company has completed the construction ofa loading ramp capable of supporting the heavy dump trucks used forfeedstock delivery, fabricated the feedstock chute, moved fixedequipment to site, installed and upgraded water recirculation andtreatment systems, and began the fabrication and installation ofcrushing and grinding equipment, conveyors, and other materialhandling infrastructure.
The Boston Project, theCompany’s second environmentally and socially positive preciousmetals recovery plant, will process feedstock newly extracted from theBoston Mine by the Company’s local mining partners. Newlox willoperate the new Boston mill to process 150 tonnes per day of materialgrading +- 15 grams per tonne gold with anticipated gold recovery of 90%. All feedstock is to be provided by theCompany’s mining partners, with profits to be split evenly betweenthe parties.
Since the early 1900s local miners have continuouslyoperated informal and formal mines in the Central Gold Belt of CostaRica and the area of the Boston Mine.Traditional pre-industrial mining and goldsmithing history in the area dates to 400-500 AD . Precious metals production and smithing are an integralpart of the heritage and traditions of localgroups and continue today for both economicaland cultural reasons. For the first time sincethe application of the mercury amalgamation process in artisanal goldand silver production, the new Boston plant will achieve zero use ofmercury and eliminate its associated environmental damage.
Forward-LookingInformation
The information in this news releaseincludes certain information and statements about management’s viewof future events, expectations, plans and prospects that constituteforward-looking information. Forward-looking information includes, butis not limited to, the completion of the work programs currentlyunderway and the results of these programs. These statements are basedupon assumptions that are subject to significant risks anduncertainties. Because of these risks and uncertainties and as aresult of a variety offactors, the actual results, achievements, or performance may varymaterially from those anticipated and indicated by theseforward-looking statements. The material risk factors that could causeactual results to differ include the risk that work undertaken by theCompany may have unintended effects, the risk of delays in completingwork, and the risk that the Company may not be able to raisesufficient funds and Force Majeure. Although the Company believes thatthe expectations reflected in the forward-looking information arereasonable, it can give no assurances that the expectations of anyforward-looking information will prove to be correct. Except asrequired by law, the Company disclaims any intention and assumes noobligation to update or revise any forward-looking information toreflect actual results, whether as a result of new information, futureevents, changes in assumptions, changes in factors affecting suchforward-looking statements or otherwise. Neither Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the Canadian Securities Exchange) acceptresponsibility for the adequacy or accuracy of this release).
TechnicalDisclaimer
The Company advises it is not basingany decision to produce on a feasibility study of reservesdemonstrating the economic and technical viability of the project andalso advises there is increased uncertainty and specific economic andtechnical risks of failure associated with any production decision.Grab sample results included in any press release are not necessarilyindicative of the mineralization in general for the deposit. StewartA. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaningof National Instrument 43-101, has prepared, supervised thepreparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold VenturesCorp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: + 1 604 256 0493
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