Newlox Gold Expands Into Brazil, Two Prospective Facilities Targeted

Newlox Gold Ventures (CSE: LUX) is growing beyond the borders of Costa Rica. The company this morning announced a foray into the Brazilian market, where it has entered into a partnership with NAP.Mineração/USP as it continues to focus on supporting local artisanal miners.

NAP.Mineração/USP is the centre for small-scale responsible mining, based at the University of Sao Paulo, Brazil. The arrangement will see the two firms work in partnership to support sustainable development within the Brazilian mining sector, encouraging responsible management of mine development and governance while also supporting research, training, and education.

In connection with the partnership, Newlox has identified that two highly prospective areas that are suitable for the deployment of precious metals processing plants. Both projects remain in the due diligence stage, with the facilities focused on supporting artisanal miners, much like its current Costa Rican operations.

“Through our relationship with Dr. Veiga, the Company has assembled a team focused on identifying and assessing expansion opportunities in Latin America, with Brazil at the heart of this endeavour. Newlox Gold has established a beachhead in Brazil through its partnership with NAP.Mineração/USP. We are excited to initiate the Company’s expansion program beyond Costa Rica and look forward to updating shareholders as we continue assessing the multiple opportunities available to the Company.”

Ryan Jackson, CEO of Newlox Gold

The company this morning also provided a brief update on its Costa Rican operations this morning. The development of Plant Two, known as the Boston Project, is proceeding according to plan. Plant One meanwhile is undergoing modifications that are expected to increase throughput “substantially”.

Newlox Gold last traded at $0.26 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

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Karora Resources Produces 24,078 Ounces Of Gold In Second Quarter

Second quarter production results were published by Karora Resources (TSX: KRR), whom was formerly known...

Thursday, July 16, 2020, 11:15:42 AM

Tru Precious Metals Closes $3.5 Million Subscription Receipt Offering

Tru Precious Metals (TSXV: TRU) has completed its previously announced non-brokered private placement. The financing...

Friday, March 5, 2021, 08:57:00 AM

Xander Resources Expands Claims At Blue Ribbon Property

Xander Resources (TSXV: XND) this morning announced that it has expanded its claims for the...

Wednesday, July 8, 2020, 10:59:24 AM

Sassy Resources Set To Mobilize To Drill Westmore Targets

Sassy Resources (CSE: SASY) this morning provided an exploration update for ongoing fieldwork at its...

Friday, September 4, 2020, 09:05:36 AM

B2Gold Seeks International Arbitration Against Mali For Menankoto Permit

B2Gold Corp. (TSX: BTO), through its Malian subsidiary Menankoto SARL, announced Thursday that it has...

Friday, June 25, 2021, 09:28:29 AM