Newlox Gold enters Brazilian market
2021-06-16 10:20 ET – News Release
Mr. Ryan Jackson reports
NEWLOX ESTABLISHES BRAZILIAN ESG GOLD INITIATIVE
In accordance with Newlox Gold Ventures Corp.’s long-standing objective, the company has entered the Brazilian market, where it intends to develop precious metals projects in partnership with local artisanal miners, focusing on environmental, social and corporate governance (ESG).
Newlox Gold is working in partnership with NAP.Mineracao/USP , the centre for small-scale responsible mining at the University of Sao Paulo, Brazil. The partnership will support sustainable development within the vast Brazilian artisanal mining sector, and support research, training and education while fostering responsible management of mine development and governance.
The research team engages and collaborates closely with both artisanal mining co-operatives and associations, as well as conventional mining companies. Additionally, on a broader front, NAP.Mineracao maintains artisanal-mining-related collaborations with national and international institutions such as research agencies, mining co-operatives, universities and government agencies.
Newlox Gold, with the support of NAP.Mineracao/USP, has already identified two highly prospective areas suitable for the deployment of Newlox Gold ESG-focused precious metals processing plants. These projects are currently in due diligence, and further details will follow.
The company’s Costa Rican operations continue to advance. Plant 1, the remediation facility, is undergoing a modification to its processing circuit to increase throughput substantially, while Plant 2, the Boston partnership, is advancing construction according to plan.
A message from Ryan Jackson, president and chief executive officer: “The company has established a close connection with Brazil over many years through its chief technical adviser, Dr. Marcello Veiga, who has worked closely with Newlox since 2014 and who now heads up the company’s research and development division. 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.Mineracao/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.”
We seek Safe Harbor.
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