Had a great chat with Ryan Jackson, CEO of Newlox Gold (LUX.CN) this afternoon.
A wonderful story about gold tailings in Costa Rica which I hope to have written up shortly.
Meanwhile, Newlox is hosting a Zoom conference call tomorrow, 12:30 pm Eastern Time (9:30 am Pacific Time) on Wednesday the 26th of August. Please register at this link:
Worth checking out. These are artisanal tailings which means that 50-60% of the total gold remains after the fairly crude processing the artisanal miners undertake. And they are tailing taken from high grading the artisanal workings. Low CAPEX and quick turnaround means that Newlox can see positive cash flow in a few months on its projects. Newlox has identified over thirty tailings piles and when COVID conditions permit will be running one project immediately with plans to quickly expand to others.