Welcome to our dedicated page for Newcore Gold news (Ticker: NCAUF), a resource for investors and traders seeking the latest updates and insights on Newcore Gold stock.
Newcore Gold Ltd. (NCAUF) generates a steady stream of exploration and corporate news centered on its 100% owned Enchi Gold Project in Ghana. Company releases focus on drill results from multiple deposits and targets across the district-scale land package, as well as on technical and corporate milestones tied to advancing Enchi through resource definition and project studies.
A major theme in Newcore’s news flow is the reporting of drill results from key deposits such as Boin, Sewum, Nyam and Kwakyekrom, along with the Kojina Hill Gold Target. The company regularly discloses intersections of near-surface oxide, transition and shallow fresh or sulphide mineralization, as well as deeper diamond drill intercepts that test higher-grade potential at depth. Many updates highlight wide mineralized intervals, high-grade zones, and extensions of mineralization beyond the limits of existing pit-constrained resource models.
Another recurring topic is the progress of the multi-phase drill program at Enchi. News items describe the scale of the program in metres drilled, the transition from infill drilling for resource conversion to discovery-focused drilling, and the proportion of holes that intersect gold mineralization. Releases also discuss the expansion of the drill program, reflecting Newcore’s decision to increase planned metres on the back of results and available funding.
Newcore’s updates also cover project development and corporate events, including work in support of a planned Pre-Feasibility Study, such as metallurgical testwork, hydrogeological and geotechnical studies, environmental work, drone topographic surveys and airborne geophysical surveys. Corporate news includes financing-related items like warrant exercises that provide funding for drilling and development, as well as governance events such as annual general meeting results and equity incentive awards.
Investors and observers can use this news stream to follow how drilling affects the understanding of Enchi’s resource potential, how technical work advances the project toward study milestones, and how Newcore funds and governs its exploration and development activities.
Newcore Gold Ltd. (NCAUF) announced positive results from an updated Preliminary Economic Assessment (PEA) for its Enchi Gold Project in Ghana. The PEA reveals an after-tax NPV5% of $212 million and an IRR of 42% at a gold price of $1,650/oz. Average annual gold production is projected at 104,171 ounces over the first five years. Initial capital costs are estimated at $97 million with a payback period of 2.3 years. The updated Inferred Mineral Resource stands at 70.4 million tonnes grading 0.62 g/t gold, containing 1.4 million ounces. The company believes there is significant exploration upside potential.
Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) announced promising drill results from the Boin Gold Deposit at its Enchi Gold Project in Ghana. The recent drilling expanded the strike length by over four kilometres, with significant intersections including 0.90 g/t Au over 69.0 metres and high-grade zones of 2.06 g/t Au over 12.0 metres. This brings the total mineral resource at Enchi to 1.22 million ounces, remaining open for further expansion. The ongoing 66,000 metre drill program has confirmed gold mineralization in 32 of 44 holes reported.
Newcore Gold Ltd. reported significant progress at its Enchi Gold Project in Ghana, announcing additional drill results from the Kwakyekrom Gold Target. The recent drilling has revealed a gold intersection of 0.61 g/t Au over 50.0 m and a notable expansion of mineralization by 500 meters, now covering a 1.3 km strike. Furthermore, metallurgical tests show an average gold recovery of 79.8% from oxide samples. The company is set to complete an updated Preliminary Economic Assessment (PEA) by Q2 2021, incorporating 18,000 meters of recent drilling data.
Newcore Gold Ltd. has expanded its Enchi Gold Project drill program in Ghana to 66,000 metres by adding 8,000 metres of Reverse Circulation drilling, following successful results. Significant findings include 0.79 g/t Au over 59.0 m at Kojina Hill, and 1.32 g/t Au over 9.0 m at Nyam. Total completed drilling includes 40,549 metres across 255 holes, with 10 of 13 holes intersecting gold. The project hosts an Inferred Mineral Resource of 52.9 million tonnes grading 0.72 g/t Au, estimated at 1.22 million ounces of gold.
Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) has announced significant drill results from its ongoing 58,000 metre drilling program at the Enchi Gold Project in Ghana. Notable findings from the Boin Gold Deposit include 0.85 g/t Au over 67.0 m and higher grades, such as 2.95 g/t Au over 9.0 m. The mineralization has been extended 400 metres north of previous drilling. The results indicate potential for significant resource expansion, with further drilling planned to explore additional high-priority targets.
Newcore Gold Ltd. (NCAUF) announced significant drill results from the Nyam Gold Deposit at its Enchi Gold Project in Ghana. Highlights include intersections of 1.57 g/t Au over 40.0 m and 5.40 g/t Au over 9.0 m, extending mineralization to a vertical depth of 200 m and a strike length of 1.8 km. All 24 holes drilled intersected gold mineralization, indicating potential for resource growth. The company has completed 34,625 metres of its planned 58,000 metre drill program, with results from 40% of the drilling released to date.
Newcore Gold Ltd. announced additional drill results from its ongoing 58,000 metre drill program at the Enchi Gold Project in Ghana. Highlights include intersections of 0.82 g/t Au over 103.0 metres at the Sewum Gold Deposit and 0.79 g/t Au over 53.0 metres at the Kwakyekrom Target. The results indicate continued expansion of gold mineralization, with significant potential for resource growth. Approximately 35% of the drilling results have been reported, with further drilling planned to explore additional resource opportunities.
Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) is set to present live at VirtualInvestorConferences.com on February 16, 2021, from 11:00 - 11:30 am ET. CEO Luke Alexander will engage with investors in a real-time Q&A session. For those unable to attend, an archived webcast will be available post-event. Investors are encouraged to pre-register and perform an online system check to enhance participation. Newcore Gold is advancing its Enchi Gold project in Ghana, which covers a significant land package in a prolific gold region.