Newlox Gold Publishes Annual Newsletter
Vancouver, BC, 13 September 2022 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased to announce it has published its annual newsletter. Management at Newlox Gold note that over the past year, the Company has made significant progress in operations while adapting to a new post-COVID paradigm. When compared to the previous fiscal year, Newlox Gold logged a 757.5% increase in revenue from $242,730 to $2,081,516.
Going forward, Newlox Gold is focused on shortening supply chains, building inventories, and planning for longer delivery times as an adjustment to the current global business environment. Although growth is expected to be slower than in the pre-pandemic environment, management believes that a proactive approach to supply chains will allow Newlox Gold to accelerate productivity at Project 1 and make excellent progress at the advanced construction stage Boston Expansion Project. This approach will also serve well in the upcoming expansion into the Colombian market.
To read the full newsletter, please visit Newlox Gold’s mailing list at the following link: https://mailchi.mp/daabd1d17221/annual-newsletter
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).
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. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning 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.
Newlox Gold Contact