Thursday, October 9, 2025

Latest

Newlox Gold Advances Second Gold Processing Plant, Opening Slated For Q2 2021

Newlox Gold Ventures Corp (CSE: LUX) this morning announced the advancement of the firms second processing plant, referred to as the Boston Project. The plant, at full scale, is anticipated to see 150 tonnes of throughput per day, with material grading 15 grams per tonne gold or higher.

The Boston Project is currently anticipated to enter production early in the second quarter, with the facility to be operated in conjunction with local mining groups. Located in the historic Juntas Gold Camp of Costa Rica, the plant will see local partners supply freshly mined feedstock to the plant, which will then be processed by Newlox.

The operation is working under a model whereby net revenues after all production costs will be split 50/50 between the miners and Newlox.

The Boston area, which is where the mine is located, currently hosts three historical mines that were focused on veins up to 5 metres thick, with average grades of 7.41 g/t to 12.6 g/t gold. The historical mines have been worked for the past three decades by the firms artisanal mining partners, with current grades said to be exceeding historical average grades. Grades within the large Juntas camp as a whole are said to average a higher historical production figure, with the partners currently mining a region, the Tres Hermanos, that averages 16 g/t gold.

“Newlox Gold expects to have a transformational year in 2021; the Company’s first processing plant is expected to achieve full-scale production, and the Boston Project is slated to enter production early in the second quarter. Additionally, Newlox is actively evaluating projects in neighbouring jurisdictions and plans to select and announce its third project in the spring with the intention of starting construction at Project 3 in the second half of 2021.”

Ryan Jackson, CEO of Newlox Gold

The announcement of the advancement of the Boston Project follows the firms Friday evening announcement that it has closed a financing for gross proceeds of $2.8 million, which was raised via a convertible debenture financing.

Newlox Gold Ventures last traded at $0.20 on the CSE.


FULL DISCLOSURE: Newlox Gold Ventures Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Newlox Gold Ventures Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Gran Colombia Gold Announces Share Buyback Program

Gran Colombia Gold Corp (TSX: GCM) this morning announced that it has been approved by...

Wednesday, September 2, 2020, 08:58:24 AM

India Scraps Gold Deposit Program After Underwhelming Results

India has terminated a decade-old program that allowed citizens to deposit gold with banks in...

Tuesday, April 8, 2025, 02:10:00 PM

Golden Cariboo Hits 1.46 g/t Gold Over 136 Meters, With Frank Callaghan

In this interview at the Precious Metals Summit 2024, J. Frank Callaghan, President & CEO...
Tuesday, September 17, 2024, 12:10:00 PM

Gold at Record Highs Validates the Cycle | Tara Christie – Banyan Gold Corp

Tara Christie, President & CEO of Banyan Gold Corp. (TSXV: BYN), has some impressive numbers...

Saturday, September 27, 2025, 11:07:00 AM

Bulk Snacks to Bullion: Costco Rakes in Millions Selling Gold Bars and Silver Coins

Costco (NASDAQ: COST) is striking gold with its latest venture into precious metals. According to...

Wednesday, April 10, 2024, 12:47:32 PM