Newlox organic aqua regia met tests recover over 90% Au
2020-10-15 11:01 ET – News Release
Mr. Ryan Jackson reports
NEWLOX DELIVERS OVER 90% GOLD RECOVERY USING ORGANIC AQUA REGIA
Newlox Gold Ventures Corp. has provided an update on the organic aqua regia (OAR) testing under way at the recently established Newlox research and development’s laboratory. The company is investigating organic aqua regia (OAR) technology as a non-toxic and water-free alternative to cyanidation for the production of gold and other precious metals. While OAR is currently in stage 1 testing at the company’s laboratory, preliminary results are very encouraging.
OAR is being developed in conjunction with the University of British Columbia in Canada and Chiba University in Japan for the leaching of gold with an organic reagent that is both non-toxic and widely used in other industries. The reagent price is comparable to sodium cyanide, the conventional gold mining industry reagent. The main advantages are that it is non-toxic, is recyclable, extracts gold faster than cyanide, does not use water, and does not require carbon or electrowinning.
Recent OAR tests conducted by Newlox on high-grade gold ore samples have returned gold recoveries above 90 per cent when conducted at ambient temperature and pressure. Testing is currently under way to investigate the effect of both temperature and reagent concentration on the leaching mechanics.
A message from Ryan Jackson, president and chief executive officer:
« During a recent visit to the laboratory by management, the research and development team presented preliminary results from stage 1 testing. We were delighted to hear that the first round of testing delivered over 90 per cent gold recovery, using the cutting-edge OAR leaching technology.
« This initial round of testing is part of Newlox R&D’s 12-month OAR development program, and we are delighted to have already realized such positive results. Stage 1 testing is still under way, and we are looking forward to reporting the detailed results of this program as they become available.
« OAR leaching could be a paradigm-shifting technology applicable not only to the $180-billion (U.S.) formal global gold mining industry but also as a method to bring the $27-billion (U.S.) informal gold mining industry into the 21st century. »
Technical disclaimer
The company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Stewart A. Jackson, PhD, PGeo, a qualified person within the meaning of National Instrument 43-101, has prepared, supervised the preparation of and approved the contents of this news release.