Saturday, August 2, 2025

Latest

Newlox Gold Identifies Three Prospective Brazil Plant Locations

Newlox Gold Ventures (CSE: LUX) continues to keep an eye focused on growth. The firm this morning provided an update on its recent entrance into the Brazil gold industry, where it is focused on developing ESG-based precious metals projects in partnership with artisanal miners.

The company reportedly has identified three potential regions for deploying its projects, which were identified in partnership with NAP.Mineração/USP, its partner in the region. The properties identified reportedly offer “significant opportunities” and represent “the backbone of an ambitious expansion program envisioned by management.”

The first region identified for the potential deployment of another precious metals processing facility is that of the Mato Grosso region within the Amazon. Here, the artisanal mining cooperative consists of over 5,900 members with over 300 active mining faces. Production in the region in 2020, even throughout the pandemic, is estimated at 4.8 tons of gold.

“We are excited to see Newlox Gold begin its ambitious expansion in Brazil, which will be a significant milestone in the Company’s growth strategy. The Brazilian mining industry is several orders of magnitude larger than what is found in Costa Rica, with over 250,000 known artisanal miners operating in the Amazonia region alone. This first project in Brazil will be Newlox’s third such unit in its Latin American growth program geared toward increasing productivity while delivering social and environmental benefits to local stakeholders.”

Ryan Jackson, President & CEO

Details for the other two potential projects were not provided, however the company did indicate that it intends on breaking ground in the winter of 2021/2022 for its first Brazil-based facility. Personnel are reportedly on the ground undertaking due diligence field work to advance the initiative.

Newlox Gold Ventures last traded at $0.48 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

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

CR Capital Closes Final Tranche Of $1.0 Million Placement

CR Capital Corp (TSXV: CIT) announced after the bell last night that it has closed...

Saturday, July 25, 2020, 01:52:00 PM

Flat Gold Project: Tectonic Metals’ Tier One Opportunity

At The Rule Symposium in Boca Raton, Florida, Tony Reda, President and CEO of Tectonic...

Thursday, July 11, 2024, 07:15:00 AM

West Red Lake Intersects 10.16 G/T Gold Over 1.5 Metres

West Red Lake Gold Mines (CSE: RLG) this morning announced that it has completed the...

Thursday, February 18, 2021, 08:32:45 AM

Starr Peak Expands Drill Program To 20,000 Metres

Starr Peak Mining (TSXV: STE) has expanded its currently ongoing drill program. The company this...

Friday, May 21, 2021, 09:25:12 AM

Exploits Discovery Identifies New Veins At Dog Bay With Visible Gold

Exploits Discovery Corp (CSE: NFLD) this morning announced that it has discovered several new sulphide...

Wednesday, December 2, 2020, 08:09:38 AM