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MEI Online: Environmental Issues: Latest News: May 8th 2018

 
 

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:: Newlox Gold Pours Inaugural Gold Doré Bar

 

Newlox Gold Ventures Corp. is pleased to announce the pouring of gold doré at its recently completed, remediation and precious metals recovery facility in Central America. This achievement is a major milestone for the Company and completes successful testing of the Company’s specialized three stage tailings reprocessing system, which is now operating satisfactorily, Newlox’s operations team are now focused on increasing daily volume of throughput and achieving optimum tailings remediation efficiency and gold recovery.

The remediation facility, which was designed in-house and fabricated on-site is able to efficiently recover precious metals from waste materials generated by both historical and contemporary artisanal miners. This is an exciting milestone in the Company’s design and deployment of its environmentally and socially responsible business model.

Newlox reduces the environmental impact of artisanal precious metals production while generating direct social and economic benefits in the local community.

Management is leveraging its association with the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia (UBC) and the Centre for Mineral Technology (CETEM), under the Brazilian Ministry of Science and Technology (MCTI).

Through its partnership with CETEM and MCTI, Newlox has successfully tested its cutting-edge system for recovering deleterious materials left behind by historical artisanal miners. Testing of this innovative prototype was very encouraging and final engineering of a full-scale circuit integration is currently underway.

The Company is also excited to report that it has identified a commercial solution to the disposal of its final cleaned tailings and will provide more details in the near future. Ryan Jackson, President of Newlox Gold comments: “The pouring of Newlox’s inaugural gold doré bar is a major milestone for the Company. This event also marks a paradigm shift for the Company as the focus shifts from development-stage activities at the first processing plant towards enhancing the throughput and efficiency of full-scale commercial operations. With the first processing plant now operating, the Company is actively assessing additional opportunities for deployment of its business model in at least two other identified locations in Latin America. Newlox is debt free and is poised for self-sustaining operations going forward.”

 

 

   

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