Newlox Gold First Gold Sale – Validates Business Model Vancouver
Vancouver, BC, May 26, 2015 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX) is pleased to advise of its first sale of gold and its successful contaminant recovery since commissioning its tailings remediation program.
Newlox reports first revenue of C$40,020 has been received along with recovery of meaningful amounts of mercury. This achievement has validated the company’s business model and paves the way for ramping up of processing operations.
In addition to the revenue, the company is successfully remediating mercury contamination, which is a strong validation of the company’s environmental business model and a meaningful social benefit to local stakeholders.
Newlox has a comprehensive plan to incrementally increase gold doré output toward its stated objectives and plans to frequently update its shareholders as it progresses.
About Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp. is not a mining company as it does not hold any mineral properties, nor does it conduct exploration or mining activities. It is an environmentally and socially responsible company pursuing precious metal related business opportunities in Latin America.
The Company is working in collaboration with the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia and, with its experienced team in Central America, has established a waste remediation and gold recovery operation.
Newlox provides a valuable service to local stakeholders where there exist a large number of historical waste dumps (tailings) that pose social and environmental risks. Newlox is addressing this problem by reprocessing these materials to recover remaining values of minerals while cleaning up the environment.
The longer-term objective of Newlox is to establish a dividend paying enterprise, which will allow its shareholders to participate in equity value growth, share in profits, and contribute to environmental clean up, while setting a high standard of social responsibility.
On Behalf of the Board, Newlox Gold Ventures Corp.
Cautionary Statements – Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties 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 Company, some of which are beyond the Company’s control. The Company is not a mining or mineral exploration company and therefore holds no resources or reserves as defined by NI 43-101 nor does it carry on any mineral exploration or hold exploitation properties. The Company develops processes for economically viable waste remediation and therefore makes no claims in regard to tonnage or grade of feed material.
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