Newlox says mining begins at the historic Boston gold mine in Costa Rica

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Newlox Gold (CSE: LUX)announced Tuesday that its local mining partners have commenced operations atthe historic Boston gold mine in Costa Rica.

"The miners have startedactively mining at Boston to establish a stockpile of freshly sourced materialin anticipation of the completion of Newlox Gold's Boston processing plant,which will process feedstock newly extracted from the Boston mine by the company'slocal mining partners," the company said in a statement.

Newlox added it will operatethe new mill at Boston capable of processing 150 tonnes per day of materialgrading +- 15 grams per tonne gold with an anticipated gold recovery of 90%.All feedstock is to be provided by Newlox's mining partners, with profits to besplit evenly between the parties.

The joint project benefitsboth parties, the company noted, as Newlox will outsource all mining to itslocal partners while providing them with modern, environmentally sustainable,and effective mercury-free mineral processing.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week

US regional bank slump goes global, driving market into gold

Gold stocks weaker but outperform slump in other sectors