Newcore Gold – Enchi Gold Project Update: High Grade Gold Drill Results, 45,000 Meter Drill Program To Be Upsized, PFS Coming Soon
In this company update, I sat down with Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU – OTCQX:NCAUF), to discuss the milestones achieved at the Enchi Gold Project in Ghana. Following the recent injection of $10.3 million from warrant proceeds, Luke provides a deep dive into the company’s ongoing 45,000 meter program (soon to be increased), the discovery of high-grade feeder zones, and what investors can expect as the company advances toward a Pre-Feasibility Study (PFS) in mid-2026.
Key Discussion Points:
- Exploration Progress and Expansion: The company has completed approximately two-thirds of its 45,000-meter drill program, with plans to expand further thanks to a strong cash position.
- High-Grade Deep Discovery: Recent results highlighted intercepts such as 147.5 g/t gold over 1 meter, signaling significant high-grade underground potential similar to neighboring world-class mines.
- Strategic Shift to CIL: Luke explains the move to a CIL processing flow sheet, which is expected to increase gold recoveries by 10–15% compared to previous heap-leach models.
- Upcoming Catalysts: The discussion covers the timeline for the updated Mineral Resource Estimate (MRE) and the much-anticipated release of the PFS slated for June 2026.
If you have any follow up questions for Luke please email me at Fleck@kereport.com.
Click here to visit the Newcore Gold website.
For more market commentary & interview summaries, subscribe to our Substacks:
- The KE Report: https://kereport.substack.com/
- Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Didn’t you sell recently, took your bags and now starting over? Did you spend some of your bags on Moose droppings? Anyway, congrats although you probably don’t need it. How about donating some to less fortunates who don’t have any bags or warm clothes or enough food.
Grumble, you are such an annoyance, I wish you would take your shoes and your bag and go down to Bowlerama and enjoy yourself! LOL! DT 😊🤣😍
Update!
I think usd has topped here overnight, and for the next 3/4 months, down we go. I believe the Elliott wave guys got gold and silver wrong again here. Silver sure looks like it has bottomed to me, and we are headed higher here. I also believe, like Gary, we are going to get one of those out of the days’ big moves, like a 5/10 dollar push on silver, maybe even more. In the grand scheme of things, the charts are very telling if you read them correctly, and the projection continues higher with no interruption in the miners’ bull.
glen
Cad is going to explode anyday vs usd and moonshoot
The time has come for these explorers/micro juniors to play catch-up big time. That’s what I’m fully expecting here in the next 4-6 months
Once Silver breaks that 96.38 area or closes above it, we will see that big move on the day I’m speaking of, like a 10/15 dollar move. Squeeze coming
HydroGraph, is “kickin” BUTT! It closed at $9.50 CDN. @ $11.50 I will have a 50 bagger! LOL! DT