Newcore Gold continues to deliver wide mineralized zones and shallow high-grade intercepts at its Enchi Gold Project in Ghana, while now pivoting to aggressive resource expansion drilling.
In this company update, Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU – OTCQX:NCAUF), joins us to discuss progress on the company’s ongoing 35,000-meter drill program. Since our last interview in March, four drill result press releases have been issued, showcasing consistent gold mineralization, wide intercepts, and signs of resource expansion beyond existing pit shells.
Luke outlines:
- Over 20,000 meters of drilling results released to date, with highlights including 2.25 g/t over 56m and 4.4 g/t over 24m at the Boin deposit.
- Ongoing conversion-focused drilling, now largely completed, is expected to significantly improve the upcoming resource update and PFS.
- The remaining 15,000 meters are targeting step-out and deeper holes, testing strike extensions and high-grade feeder zones that could further scale the project.
- Drilling is now extending mineralization beyond existing pit boundaries, potentially widening and deepening the resource base.
- The company is fully funded through the current drill program and PFS, with up to $30 million in projected cash including in-the-money warrant proceeds.
We also touch on investor sentiment and strategic direction. With 55% institutional ownership, Newcore is focused on delivering a construction-ready project while advancing exploration upside across a district-scale gold trend.
📩 Have follow-up questions for Luke? Send them in and we’ll include them in future interviews. Fleck@kereport.com