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File: News Release (July 2014) - Final.pdf
Newlox Gold Ventures Corp.
Phase
Two
Plant
Upgrade
Program
--->
Vancouver,
July
29th,
2014
-
Newlox
Gold
Ventures
Corp.
("Newlox"
or
"the
Company")
(CSE:
LUX,
XETRA�:
NGO)
is
pleased
to
announce
installation
of
a
new
ball
mill
and
flotation
circuit.
Newlox
Gold
Ventures
Corp.
is
working
in
collaboration
with
the
Norman
B.
Keevil
Institute
of
Mining
Engineering
at
the
University
of
British
Columbia
and
is
rapidly
establishing
a
precious
metals
producing
operation
in
Central
America.
Having
raised
initial
capital
in
February,
the
Company
installed
a
gravity
concentrator
at
its
pilot
plant
in
Costa
Rica.
2.5
tonnes
of
valuable
concentrate
grading
+500
grams
per
tonne
gold
has
been
produced
to
date.
The
concentrate
is
growing
at
approximately
35
kilos
per
day
and
is
being
stockpiled
for
further
processing
and/or
eventual
sale.
In
accordance
with
recommendations
presented
by
the
University
of
British
Columbia
a
new
ball
mill
and
a
new
6-
Cell
Denver
Flotation
Circuit,
has
been
purchased
and
installed
at
the
plant.
This
new
equipment
is
designed
to
recover
fine
gold,
which
is
not
currently
recovered
by
the
gravity
concentration.
The
UBC
lab
testing
has
identified
this
additional
recovery
as
the
primary
value
driver
in
the
tailings
material.
The
Company
has
reliable
water
availability
and
ample
supply
of
grid
power.
As
phase
two
progresses
further
updates
will
be
provided.
The
Company
has
access
to
a
number
of
high-grade
historical
tailings
stockpiles
and
plan
to
deploy
processes
designed
to
remove
contamination
left
behind
by
inefficient
historical
production
while
liberating
the
precious
metals.
With
the
material
stockpiled
on
surface,
the
operation
is
expected
to
achieve
remarkably
low
production
costs
given
that
exploration,
mining
and
crushing,
the
most
expensive
components
of
a
traditional
gold
producing
operations,
is
entirely
unnecessary.
Newlox's
environmental
reclamation
approach
is
intended
to
provide
valuable
environmental
and
social
benefits
to
local
stakeholders
while
simultaneously
generating
meaningful
revenue.
In
addition
to
reprocessing
of
material
from
surface
deposited
waste
dumps,
the
Company
has
fielded
a
gold
trading
program
whereby
the
Company
purchases
gold
from
various
sources
in
the
field
before
reselling
the
metal
through
established
networks.
By
employing
a
rapid
turnaround
on
purchases
and
a
high
frequency
of
trades,
Newlox
has
been
able
to
generate
meaningful
revenue
based
upon
modest
margins
per
transaction
while
mitigating
risk
associated
with
commodity
price
volatility.
The
Company's
gold
trading
program
is
progressing
well.
Margins
are
within
expectations
and
volumes
are
increasing
satisfactorily.
For
Further
information
See;
www.newloxgold.com
On
Behalf
of
the
Board,
Newlox
Gold
Ventures
Corp.
Email:
info@newloxgold.com
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncerta
--->inties that could cause actual results to differ materially from those
projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes
--->no obligation to update such statements. Such forward-looking
statements are only predictions; actual events or results may differ materially as a result of risks facing the compan
--->y, some of which are beyond the company's control.
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