Newlox Gold Ventures Corp. press release
Flotation Circuit Commissioned Nicaragua Expansion to Proceed
CSE - Canadian National Stock Exchange · Gold · Silver · Canada
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(via Thenewswire.ca)
Vancouver, BC / TNW-ACCESSWIRE / 4 September 2014 / Newlox Gold Ventures Corp. ("Newlox" or "the Company") (CSE: LUX, XETRA(R): NGO) is pleased to confirm thatthe Company has now received delivery of the necessaryreagents for the new flotation circuit, which has been successfully commissioned, on time and on budget, over the past weekend.
In accordance with recommendations by the University of British Columbia a new ball mill and a new 6-Cell Denver Flotation Circuit, has been installed at the company's first plant. This new equipment is designed to recover fine gold, which has not previously been recovered by gravity concentration. UBC has identified this additional recovery as the primary value driver in the tailings material.
Gravity concentration represents the first phase of the Company's development strategy. The Phase I plant has yielded more than 2.5 tonnes of concentrate at over 500 g/t Au that has been stockpiled pending its sale to an identified party.
The Phase I circuit is processing 2 tph of gold bearing material while operating time is being expanded to 22 hours per day. The Phase II flotation circuit has been added to the processing stream and will significantly improve recovery and concentrate production. In addition, the flotation circuit has been designed with excess capacity to allow for future production growth.
Newlox Gold Ventures Corp. is continuing its collaboration with Professor Marcello Viega's team at the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia and is rapidly establishing its business model in Central America. To that end, the Company is pleased to report that it has received confirmation from the Nicaraguan Ministry of Mines supporting its proposal to establish a processing and reclamation facility in the country.
Newlox has access to a number of high-grade historical tailings stockpiles and is deploying processes designed to remove contamination left behind by inefficient historical production while liberating the precious metals. With the material stockpiled on surface, operations are expected to achieve remarkably low production costs given that exploration, mining and crushing, the most expensive components of traditional gold producing operations, are entirely unnecessary.
Newlox's small scale re-processing of tailings is intended to provide valuable environmental and social benefits to local stakeholders while simultaneously generating meaningful revenue.
Website: www.newloxgold.com
Ryan Jackson, VP, Corporate Development Tel: +1 778 998 0867
Email: ryan@newloxgold.com
On Behalf of the Board, Newlox Gold Ventures Corp. Email: info@newloxgold.com
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