Drolet Stock Note: Newlox Gold Ventures Corp. – Developing Costa Rican gold projects by recovering precious metals from mining waste
Mario Drolet President of MI3 Communications Financières Inc. (MI3) released his Stock Notes on Newlox Gold Ventures Corp. (CSE: LUX) for exclusive distribution on InvestorIntel. In this note, MI3 highlighted the following points on Newlox Gold Ventures Corp.:
- Profitable Gold Recovery Through Environmental Remediation in Costa Rica.
- Developing gold projects through precious metals recovery from mining waste.
- Newlox has completed the design & construction of its first 80 tonnes per day processing facility in Costa Rica. Construction is complete, with all significant CAPEX invested, and final ramp-up and optimization is underway.
- LUX surge in July … having traded over 12 Million shares between $0.05 & $0.145
- Support: S2; $0.085 S1; $0.125 Resistance: R1; $0.145 R2; $0.175
About Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp. is an environmental remediation company recovering contaminants and residual precious metals from historical waste left behind over more than a century of inefficient artisanal and small-scale mining in politically and socially stable jurisdictions in Latin America.
The Newlox environmentally and socially responsible business model has been deployed after extensive experience in the region and with the help of the Company’s technical advisors at the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia (“UBC”) which, provides the Company with unique advantages, such as not having to undertake exploration work or mining, resulting in dramatically reduced overall costs.
Newlox also benefits from the high grades characteristic of artisanal mine tailings due to the inefficient processing techniques used by the original miners.
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Disclaimer: This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this report.