Newcore Gold Ltd Stock Price, News & Analysis

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.

Newcore Gold announced new drill results from its 10,000-metre drill program at the Enchi Gold Project in Ghana. Key highlights include intersection of 0.94 g/t gold over 54.0 metres at the Boin Gold Deposit, including 2.11 g/t Au over 7.0m and 2.08 g/t Au over 11m. The drilling program confirmed gold mineralization continuity and potential for resource growth, with hole KBRC294 ending in mineralization outside current pit limits. Additional exploration work includes metallurgical testing, drone surveys, hydrogeological testing, and environmental work. The Enchi Project currently hosts an Indicated Mineral Resource of 743,500 ounces gold and an Inferred Resource of 972,000 ounces.

Newcore Gold has announced the first drill results from its 10,000-metre RC drill program at the Enchi Gold Project in Ghana. The drilling at the Boin Gold Deposit intersected 1.96 g/t gold over 62.0 metres, including 2.23 g/t gold over 28.0 metres. All drill holes confirmed the continuity of gold mineralization, promising future resource growth. Key highlights include Hole KBRC288 with 1.96 g/t gold over 62.0 metres and 2.23 g/t gold over 28.0 metres outside the current pit limits. Other notable results include Hole KBRC289 with 1.46 g/t gold over 10.0 metres and Hole KBRC291 with multiple zones of mineralization. Further exploration work, including metallurgical tests and drone surveys, is ongoing to de-risk and develop the project. The Enchi Gold Project hosts an Indicated Mineral Resource of 743,500 ounces of gold and an Inferred Mineral Resource of 972,000 ounces.

Newcore Gold (TSX-V: NCAU, OTCQX: NCAUF) has announced its annual grant of equity incentive awards. The company has granted a total of 3,690,000 equity incentive awards, comprising 1,690,000 stock options, 1,700,000 restricted share units, and 300,000 performance share units to its employees, directors, and executives. The stock options were granted at a price of $0.29 per share with a five-year term. All awards are subject to regulatory approval and vesting provisions, and are granted under Newcore's long-term incentive plan.