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Newcore Gold Ltd. reports exploration and development updates for its 100% owned Enchi Gold Project in Ghana. Company news centers on diamond drilling at deposits including Boin and Sewum, gold mineralization in oxide-transition and fresh rock horizons, and the potential for resource growth at depth. Updates also cover NI 43-101 mineral resource estimates, technical reports, pre-feasibility study work, metallurgical testing, hydrogeology, geotechnical and environmental programs, and capital actions such as warrant exercises that fund project advancement.
Newcore Gold (OTCQX:NCAUF) reported diamond drill results at the Boin deposit, Enchi, Ghana, including 1.23 g/t Au over 33.0 m (KBDD107) and 1.38 g/t Au over 15.0 m (KBDD111), with a high-grade 5.99 g/t Au over 3.0 m interval. Ten DD holes (3,654 m) tested three deep high-grade shoots; drilling reached a maximum vertical depth of 375 m.
Enchi host resources: Indicated 83.6 Mt @ 0.56 g/t Au (1,502,000 oz) and Inferred 40.1 Mt @ 0.49 g/t Au (626,000 oz). A 60,000 m program and a PFS targeted by end-June 2026 continue.
Newcore Gold (OTCQX: NCAUF) filed a NI 43-101 technical report for an updated Mineral Resource Estimate at the Enchi Gold Project, Ghana, effective October 6, 2025. The update reports an Indicated Resource of 83.6 Mt @ 0.56 g/t (1,502,000 oz) and Inferred 40.1 Mt @ 0.49 g/t (626,000 oz), pit-constrained at US$3,200/oz. The Indicated resource will underpin a Pre-Feasibility Study targeted for completion by end of June 2026. A 60,000 metre drill program continues; ~12,500 metres completed post-resource are not included.
Newcore Gold (OTCQX:NCAUF) reported diamond drilling results at the Sewum deposit, Enchi, Ghana, including 1.59 g/t Au over 15.5 m (incl. 3.22 g/t over 6.4 m) and 0.69 g/t Au over 41.0 m. The 60,000 m program is ongoing; Sewum remains open along strike and at depth. A Pre-Feasibility Study is targeted for completion by end-June 2026.
Enchi hosts an Indicated MRE of 83.6 Mt @ 0.56 g/t Au (1.502M oz) and Inferred 40.1 Mt @ 0.49 g/t Au (626k oz).
Newcore Gold (OTCQX:NCAUF) announced an updated NI 43-101 Mineral Resource for the Enchi Gold Project, effective October 6, 2025. The update reports Indicated 1,502,000 oz at 0.56 g/t Au (83.6 Mt) and Inferred 626,000 oz at 0.49 g/t Au (40.1 Mt).
The Resource uses a US$3,200/oz pit shell; the Indicated resource will underpin a Pre-Feasibility Study targeted for completion by end-June 2026.
Newcore Gold (OTCQX:NCAUF) increased its Enchi drill program to 60,000 metres with three drill rigs active after receiving approximately $10 million from warrant exercises. The program began in August 2024 and has shifted to a second phase targeting mineralization below 200 metres.
A Pre-Feasibility Study is underway and targeted for completion by the end of June 2026; ongoing technical work includes metallurgical, hydrogeological, geotechnical and environmental studies.
Newcore Gold (OTCQX:NCAUF) received approximately $10.3 million from the exercise of 20,548,000 warrants that expired February 27, 2026. The company says proceeds plus existing cash will fund advancement and de-risking of the Enchi Gold Project toward a Pre-Feasibility Study by end-June 2026.
Following exercises, share capital totals 284,385,640 common shares with 9,000,000 options and 6,742,665 RSUs/PSUs outstanding.
Newcore Gold (OTCQX: NCAUF) has commissioned a Pre-Feasibility Study (PFS) for the Enchi Gold Project in Ghana, targeting completion by end of H1 2026. The PFS follows a 2024 PEA and incorporates ~30,000m of additional drilling, extensive metallurgical testwork, geotechnical, hydrogeological and environmental studies. Recent tests show CIL recoveries of 89.4%–97.7%, prompting a shift to a mill and carbon-in-leach flowsheet despite higher processing infrastructure costs.
Newcore Gold (OTCQX: NCAUF) reported diamond drill results from the Boin deposit at the Enchi Gold Project, Ghana on Jan 21, 2026. Highlights include the first visible gold in drill core and 147.5 g/t Au over 1.0 m (KBDD100) plus 3.22 g/t Au over 17.0 m (KBDD102). Six DD holes (1,930 m) tested three high-grade shoots to a maximum vertical depth of 312 m, extending mineralization below prior drilling (average depth ~100 m). The 45,000 m program remains ongoing and a Pre-Feasibility Study is targeted for completion by end of H1 2026.
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Newcore Gold (OTCQX: NCAUF) reported diamond drill results from the Boin deposit at the Enchi Gold Project, Ghana, from its 45,000-metre program (ongoing).
Key highlights include 173.75 g/t Au over 1.0 m (KBDD098), 3.54 g/t Au over 23.0 m with 6.92 g/t over 8.0 m (KBDD097), and multiple other fresh-rock intercepts. Drilling has extended testing to 200–300 m vertical depth (deepest mineralization at ~370 m) and confirms Boin remains open at depth.
The Enchi MRE totals 41.7 Mt at 0.55 g/t Au (743,500 oz Indicated) and 46.6 Mt at 0.65 g/t Au (972,000 oz Inferred); Boin specifically holds 258,200 oz Indicated and 349,600 oz Inferred. Initial diamond results support potential resource growth and deeper higher-grade zones.