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QIS Update #12 - 2017 - Newlox Gold Ventures adds staff and Opawica Explorations postpones drilling - October 10th 2017

Included in this update:


  • - Newlox Gold Ventures appoints new members to its technical and operations team
  • - Opawica Explorations postpones drilling, cancels financing, and proposes share consolidation

Please feel free to email us anytime at or call us at (250) 377-1182. We look forward to your comments, questions, and feedback.

Newlox Gold Ventures Corp. (LUX:CSE) 


Current Price: $0.055 (coverage commenced Mar. 31/14 - $0.05)

Newlox Gold Ventures Corp. has advised that it has applied the funds raised in its recent Revenue Participation Financing (July 17, 2017) to fieldwork and toward strengthening of its technical and operations team.


As part of the company's current fieldwork program, plant circuit modifications and upgrades have been underway. These activities have advanced well and the concentration facility is now undergoing testing.


Newlox has expanded its team of advisors and operations personnel with the following appointments:


Helio Rodriguez P. Senior Consulting Engineer: Mr. Rodriguez is a Civil and Metallurgical engineer with lifelong experience in small, medium, and large mining industry design, development, and operation. He is well experienced in the commissioning, start-up, and optimization of mineral processing operations, as well as chemical and metallurgical plant operations, in Central and South America. Mr. Rodriguez is particularly well suited to Newlox's operations due to his extensive experience operating highly successful gold producing plants in Central America.


Eng. Gonzalo Ramirez, MBA, Process Engineer: Mr. Ramirez is a seasoned process engineer, with vast experience in the analysis, design, construction, and management of mineral resource projects. Mr. Ramirez has been responsible for the design and construction of several notable gold production facilities in Central and South America. His areas of expertise include management of mining projects, design of electromechanical equipment and spare parts, and project management. Mr. Ramirez is highly skilled as a developer and is proficient in the use design software such as AutoCAD. He excels in the design and implementation of maintenance programs for heavy machinery using TPM and RCM methodology.


Dr. Rolando Perera Molina, Metallurgical Engineer (QP): Metallurgical Engineer graduate of the Universitatii Politehnica din Bucuresti with a Masters of Science Degree in Extractive Metallurgy, the Universitatii Politehnica din Bucuresti Doctor of Philosophy Degree. He has practised his profession continuously since 1983. He has been involved in the invention, research, development, patenting, and manufacture of a series of metallurgical products, under his brand Perbols38. Dr. Molina has provided important services to public and private companies and has been involved in the evaluation, design, and operation of mineral processing facilities and recovery systems similar to that utilized by Newlox Gold Ventures Corp. during his career. Dr. Molina is a member of the Association of Engineers (C.I.Q.P.A.), with the designation of Metallurgical Engineer.


Dr. Stewart A Jackson P.Geo Consulting Geologist: (QP): Dr. Stewart A. Jackson, is an accomplished mining professional with 50 years of experience in the exploration and development of mineral deposits and in the management of public companies. He has been involved in multiple mineral discoveries and evaluations. Most recently he has been involved in the delineation of a major uranium, molybdenum, nickel, and vanadium resource in Sweden. Prior to that, he was instrumental in the advancement of the Turnagain nickel sulphide deposit in Canada, held by Hard Creek Nickel Corporation. While involved with his initial public company, Crown Resource Corporation in the 1980's, multiple discoveries of gold were made in the Republic District of Washington State, USA. In the 1970's he recognized the potential of the enormous Red Dog zinc-lead deposits in western Alaska and was instrumental in their exploration and development. Red Dog today produces a substantial portion of the world production of zinc from this long-lived zinc resource field. Subsequently, he was Exploration Manager for Houston Oil and Minerals Corporation during the discovery and development of the Manhattan, South McCoy and Borealis gold deposits of Nevada, USA.


James A Turner P.Geo, Consulting Geologist (QP): James Turner's geology career has spanned more than 42 years commencing in 1974 when he worked with Cominco and Newmont Gold before forming his consultancy, TerraSat Geomatics Inc. in 1990. TerraSat Geomatics Inc. has worked with several juniors involved in greenstone belts around the world. Terrasat was involved in the interpretation of remote sensing data. From 2004-2006, James gained valuable first-hand knowledge in Central America providing valuations and NI 43-101 reports for the several small 100-150 tonne projects. In addition to assisting Newlox, James is advising on a gold project in South Africa, copper deposits in Namibia and British Columbia, tailings deposits in Nova Scotia, Oregon, and Peru.


Ryan Jackson, President of Newlox Gold Ventures Corp., has returned from the field and reports that, "impressive progress has been made in the company's operations over the past few weeks. Newlox's beefed-up operations team is working in cooperation with the company's technical advisors to great effect".


QIS Capital: It's refreshing to see a small micro-cap mining company moving forward while the majority of companies are stagnant or in desperate need of financing.  Newlox really doesn't have a good institutional nor retail following at the current time and will likely need to prove its business model before attracting more widespread attention.  The company is currently testing its concentration plant upgrades and is working on optimizing operations for its stockpile metallurgy.  We expect this to continue until the end of October when Newlox is planning on commencing operations with a goal to recommencing its small-scale gold production.

Opawica Explorations Inc. (OPW:TSX-V) 


Current Price: $0.025 (coverage commenced May 11/17 - $0.045)

Opawica Explorations Inc. has announced that it intends to consolidate the issued and outstanding common shares of the company on the basis of five preconsolidation shares for one postconsolidation share.


The consolidation is subject to the acceptance of the TSX Venture Exchange.




Opawica Explorations Inc. has announced that the proposed private placement announced on August 15, 2017 and September 11, 2017 will not proceed at this time due to an abatement of interest stemming from declining gold prices, related weakness in the junior resource sector, and the company's current share structure.


In the absence of this offering, the company has demobilized its drill program at the Bazooka property, near Rouyn-Noranda, Quebec, that it announced on August 15, 2017. The proposed drill program will not proceed at this time.


There is significant activity in the immediate area of Opawica's Bazooka property. Richmont Mines Inc. announced on September 11, 2017 that it is selling its Wasamac gold property, situated on Opawica's north western border, to Monarques Gold Corporation. On September 17, 2017, Yorbeau Resources Inc. (Yorbeau) announced that Kinross Gold Corporation (Kinross) has completed over 24,000 metres of drilling on the Rouyn Property that is optioned by Kinross. The Rouyn Property is contiguous to the eastern border of Opawica's Bazooka property and the company's McWatters property adjoins the eastern border of Yorbeau's Rouyn property and Granada Gold Mines Inc.'s land holdings.


The company believes that the Bazooka and McWatters properties are excellent exploration prospects and are well positioned, covering about seven kilometres of the Cadillac Larder Lake Break.


QIS Capital: This is certainly disappointing news for Opawica and its shareholders but based on our conversations with the company, this step back is necessary to strengthen the shareholder base, and plan a more structured move forward.  We expect this restructuring to take 1-2 months and then we hope to see management again moving forward with additional financing and drilling plans.


Disclaimer: This article is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The company profiled assumes no liability for the information presented. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 4,566,398 shares of Newlox Gold Ventures Corp. and 315,000 shares and 150,000 warrants of Opawica Explorations Inc. QIS Capital may have a financial relationship with these companies and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein. Copyright © 2003 - 2017 QIS Capital Corporation.

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