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Enter Symbol
or Name
USA
CA



Newlox Gold Ventures Corp
Symbol LUX
Shares Issued 45,366,991
Close 2014-07-25 C$ 0.045
Market Cap C$ 2,041,515
Recent Sedar Documents

ORIGINAL: Newlox installs ball mill, flotation circuit at plant

2014-07-29 16:13 ET - News Release

Received by email:

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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