Saturday, May 31, 2025

Latest

Newlox Gold Sees Mining Commence At Boston Mine

Newlox Gold Ventures (CSE: LUX) is evidently nearing the completion of its second processing facility, with the company announcing this morning that its artisanal partners have begun operations at the historic Boston mine in advance of the processing facility being completed.

The local mining partners are now working towards stockpiling freshly sourced material as the company gears up to enter production. The facility, once fully operational, will be capable of processing up to 150 tonnes per day of material, with material expected to grade roughly 15 g/t gold.

Recoveries meanwhile are expected to come in at 90%. Profits from the operations will then be split equally between Newlox and its local mining partners.

Construction of the Boston project is expected to be completed by the end of the year following delays as a result of the ongoing pandemic. Testing and commissioning are also slated to be completed, meaning production should be gearing up in the near term, with full scale production slated for next year.

Finally, the company indicated that the mine itself was refurbished over the summer of 2021, with initial grab samples from proposed mining locations returning values as high as 77.1 g/t gold.

Newlox Gold last traded at $0.29 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Outcrop Gold Begins 12,000 Metre Drill Program At Santa Ana

Outcrop Gold Corp (TSXV: OCG) this morning announced that it will be undertaking a 12,000...

Thursday, March 11, 2021, 08:23:44 AM

Gold Prices to Reach Record Highs in Coming Months: Citigroup

Over the last several weeks, gold prices have been rallying in an attempt to surpass...

Monday, July 20, 2020, 01:12:09 PM

Equinox: BMO Lowers Price Target After Second Blockade In Nine Months

On June 22nd, Equinox Gold Corp. (TSX: EQX) announced that there has been illegal blockades set...

Thursday, June 24, 2021, 04:14:00 PM

Canaccord Reduces Centerra Gold’s Price Target To $21 Following Sale of Hardrock Project

On December 15th, Centerra Gold Inc (TSX: CG) agreed to sell its 50% stake in...

Wednesday, December 16, 2020, 11:59:00 AM

Trillium Gold Begins Exploration On Confederation Belt Properties

Trillium Gold Mines (TSXV: TGM) this morning announced that it has begun additional field work...

Tuesday, June 1, 2021, 07:52:07 AM