Newlox Commissions Fire Assay Lab, Central America Gold Project
Vancouver, BC, September 19, 2018 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt: NGO) is pleased to announce commissioning of an in-house fire assay laboratory at the Company’s environmental reclamation and precious metals recovery project, Central America. This new fire assay capability at the Newlox cutting-edge field laboratory complements the atomic absorption spectroscopy (AAS) technology implemented in August.
The addition of fire assay capability at the Company’s in-house analytical laboratory allows for real-time analysis of samples from the processing plant and supports the Company’s engineering team as they continue to optimize operations. Fire assays will allow for real-time analysis of solid samples including feedstock, concentrates, and tailings for maximum control over the Company’s processing operations.
Ryan Jackson, President of Newlox Gold comments: “The addition of fire assay technology to the Company’s, already operational, atomic absorption spectroscopy laboratory brings all of Newlox’s required assay capabilities in-house. Newlox’s operations team will now benefit from real-time data as they complete the final optimization and commercialization of the Company’s first environmental reclamation and precious metals recovery project.”
Fire assaying is an analytical technique in which a metal or metals are separated from impurities by fusion processes and weighed in order to determine the amount present in the original sample. Metals tested by fire assay are recovered from the fusion of the material in an assay furnace, for gold, usually at temperatures of over 1,000 degrees Celsius. This process is widely regarded as the the most reliable method to determine the metal content of ores that contain precious metals such as gold, silver and platinum.
About Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp. recovers both residual precious metals and contaminants from historical waste accumulated from more than a century of inefficient artisanal and small-scale mining in politically and socially stable jurisdictions.
Agreements with local artisanal mining cooperatives provide steady supplies of feedstock for the Company’s first processing plant in Central America. Hundreds of years of mining history in Latin America and current inefficient artisanal processing ensure ample opportunities for the Company to grow its business model.
Newlox occupies a pioneering niche within the extractive industry where it can apply innovative processing techniques to not only recover precious metals but also to effect positive change in the environmental and social landscape through its operations.
Forward-Looking Information: The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward- looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. 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. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward- looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer: 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. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within themeaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
For a PDF file of this news release, click here.