Newcore Gold Ltd Stock Price, News & Analysis

Newcore Gold has announced significant drilling results from its 35,000-metre drill program at the Enchi Gold Project in Ghana. Key intersections at the Nyam Gold Deposit include 2.50 g/t Au over 15.0 metres and 3.00 g/t Au over 10.0 metres, while the Kojina Hill Gold Target yielded 0.67 g/t Au over 37.0 metres.

The ongoing drill program focuses on resource growth and infill drilling to convert Inferred Resources to Indicated, preparing for a Pre-Feasibility Study later this year. The program reported results from 13 RC holes at Nyam and 7 RC holes at Kojina Hill, with all holes intersecting gold mineralization.

The Enchi Project currently hosts an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au containing 743,500 ounces gold and an Inferred Resource of 46.6 million tonnes grading 0.65 g/t Au containing 972,000 ounces.

Newcore Gold has announced new drilling results from its 35,000-metre drill program at the Enchi Gold Project in Ghana. Key intersections at the Sewum Gold Deposit include 0.73 g/t Au over 68.0 metres, 0.74 g/t Au over 49 metres, and 1.39 g/t Au over 24.0 metres including a higher-grade interval of 6.56 g/t over 4.0 metres.

The drilling program is focused on resource growth and infill drilling to convert Inferred Resources to Indicated, with the first phase aimed at resource conversion before commissioning a Pre-Feasibility Study later this year. The second phase will target discovery and resource growth.

The Sewum deposit currently hosts an Indicated Mineral Resource of 20.9 million tonnes grading 0.48 g/t Au (323,300 ounces) and an Inferred Resource of 21.8 million tonnes grading 0.53 g/t Au (373,100 ounces). Results continue to prove out continuity of gold mineralization and potential for resource growth.

Newcore Gold has expanded its 2024-2025 drill program at the Enchi Gold Project in Ghana to 35,000 metres following a successful $15 million equity financing. Recent shallow drilling at the Boin Gold Deposit revealed significant gold mineralization, with notable intersections including 1.28 g/t Au over 63.0 metres and 2.18 g/t Au over 23.0 metres.

The expanded program aims to accelerate resource conversion ahead of a Pre-Feasibility Study planned for late 2025. Key drilling highlights include:

• Hole KBRC328: 1.28 g/t Au over 63.0m from 9m depth
• Hole KBRC335: 2.18 g/t Au over 23.0m from 6m depth, including 5.58 g/t over 8.0m
• Hole KBRC337: 1.06 g/t Au over 47.0m from 79m depth

The program will focus on resource conversion and discovery potential, with 21 out of 23 recent holes intersecting gold mineralization. The Boin deposit currently holds an Indicated Resource of 13.0M tonnes at 0.62 g/t Au (258,200 ounces) and an Inferred Resource of 15.9M tonnes at 0.68 g/t Au (349,600 ounces).

Newcore Gold has been named one of the top 50 performing companies on the TSX Venture Exchange (TSXV) for 2024. This recognition comes as part of the annual TSX Venture 50™ ranking, which evaluates over 1,600 TSXV issuers based on three key criteria: market capitalization growth, share price appreciation, and Canadian consolidated trading value.

The company achieved remarkable performance in 2024, with a notable share price appreciation of 121%. Luke Alexander, President and CEO, expressed pride in the recognition and highlighted the company's ongoing commitment to advancing their Enchi Gold Project in Ghana while creating value for shareholders and stakeholders.

Newcore Gold announced new drilling results from its Enchi Gold Project in Ghana, highlighting significant gold intersections at the Sewum Gold Deposit. Key findings include hole SWRC194 intersecting 1.85 g/t Au over 62.0 metres from 1m, including a higher-grade intercept of 8.36 g/t Au over 10.0 metres, and 0.75 g/t Au over 68.0 metres from 99m.

The results are part of a 10,000-metre drill program focusing on resource growth and infill drilling to convert Inferred Resources to Indicated. The program has completed 8,380 metres in 64 holes to date, with 32 out of 33 new holes intersecting gold mineralization. The drilling targeted the Checkerboard Hill, Extension Parallel Structure, and Ridge Zones at Sewum, confirming continuity of near-surface gold mineralization amenable to open pit mining and heap leach processing.

Newcore Gold has announced new drill results from its ongoing 10,000-metre drill program at the Enchi Gold Project in Ghana. Key findings include significant gold mineralization intersections at the Boin Gold Deposit, with hole KBRC316 yielding 0.97 g/t Au over 96.0 metres and hole KBRC313 producing 1.06 g/t Au over 81.0 metres.

The drilling program, designed to convert Inferred Resources to Indicated, has completed 5,458 metres in 31 holes to date. All drill holes have successfully intersected gold mineralization, demonstrating strong continuity. The Boin deposit currently has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au containing 258,200 ounces and an Inferred Resource of 15.9 million tonnes grading 0.68 g/t Au containing 349,600 ounces.

Newcore Gold announced positive results from seven additional column tests at its Enchi Gold Project in Ghana, achieving an average gold recovery of 93.0% from oxide mineralization samples at the Sewum and Boin deposits. The tests, conducted on representative samples with grades averaging 0.56 g/t Au, demonstrated low reagent consumption with an average of 1.63 kg/t cyanide.

The company is currently executing a 10,000-metre reverse circulation drill program focused on resource growth and infill drilling. Additional development work includes drone surveys, hydrogeological testing, condemnation drilling, geotechnical work, environmental assessments, and an airborne magnetic survey.

Newcore Gold announced significant drill results from its 10,000-metre drill program at the Enchi Gold Project in Ghana. The company intersected the highest-grade gold interval to date at the Boin Gold Deposit, with hole KBRC301 yielding 204 g/t Au over 1.0 metre from 59m depth. Additional notable results include hole KBRC307A intersecting 3.36 g/t Au over 28.0 metres from 120m, including 37.58 g/t Au over 2.0 metres. The drilling program aims to convert Inferred Resources to Indicated and has successfully proven continuity of gold mineralization across the project.

Newcore Gold has appointed Alan Pangbourne as Strategic Advisor to advance the Enchi Gold Project. Pangbourne brings over 35 years of mining sector experience, currently serving as Non-Executive Director for OceanaGold and Chesapeake Gold. His extensive background includes roles as CEO of Guyana Goldfields, COO of SSR Mining, and VP Projects South America for Kinross Gold. The appointment aims to support Newcore's pre-feasibility study commissioning and ongoing drilling operations at the Ghana-based project. Pangbourne's expertise in mine construction, operations, and heap leach processing is expected to be valuable for unlocking the project's potential.