Newlox Gold’s wholly owned subsidiary, Oro Roca, S.A., has built an environmental reclamation facility in Central America based an extensive R&D process at the University of British Columbia’s Norman B. Keevil (Chairman Emeritus of Teck Resources) Institute of Mining Engineering. The Company’s environmental reclamation plant is operational and currently ramping up to full-scale production.
The result was a custom-built reclamation technique, which is designed specifically to address the environmental and metallurgical qualities of the material identified for reclamation.
Two studies were undertaken at the University of British Columbia (UBC) on samples provided by the Company. Extensive R&D work has been completed at UBC during the primary process design and subsequent optimization processes. At the conclusion of the second round of R&D, Newlox Gold’s technical advisors had surpassed their goal of delivering 90% recovery and presented the Company with robust plan to implement in the field.
With field and lab testing both delivering positive results, Newlox Gold has constructed its first custom-built processing facility using the designs provided by UBC. Construction, commissioning, and optimization have all been completed at the Company’s first processing plant and productivity is now ramping up.
Newlox has established gold production and revenue is expected to grow quarter-over-quarter in 2021.
The longer-term objective of Newlox Gold 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 cleanup while setting a high standard of social responsibility.
Newlox Gold has a strong commitment to promoting positive social change in the areas of its operations. The Company’s environmental reclamation approach is intended to provide valuable environmentally friendly employment and social benefits to local stakeholders in its home communities, while simultaneously generating meaningful revenue.
With mercury contamination left behind by artisanal mining becoming a major environmental issue in Latin American politics, management at Newlox Gold are receiving strong encouragement from government officials.
Newlox Gold also provides education and support to the employees, artisanal miners, and the community at large. Elevating the social and educational standard of our communities benefits us all.
Investors can feel at ease placing their investment capital within a socially and environmentally responsible precious metals and gold producer.