In the Business of Gold
Stock Code:
TSX-V: NCAU, OTCQX: NCAUF
Company Exposure:
Gold
Project Location:
Ghana
Newcore Gold (TSXV: NCAU | OTCQX: NCAUF) is advancing its 100% owned Enchi Gold Project in southwest Ghana. The project hosts an indicated mineral resource of 743.5Koz of gold at 0.55g/t and an inferred mineral resource of 972Koz of gold at 0.65g/t(1). Enchi’s district scale, 216km2 land package, covers 40km of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold deposits, including the Chirano mine 50km to the north.
Over 90,000m of drilling has been completed on the project since 2020. Results have successfully tested extensions of existing resource areas, proved out the high-grade potential in the sulphide mineralization at depth, and tested numerous exploration targets resulting in new discoveries. Catalysts near-term include metallurgical testwork, an updated baseline environmental and social study, and an updated PEA in H1 2024.
Newcore’s top-tier leadership is aligned with shareholders through their 20% equity ownership and is backed by one of the strongest boards in the sector.
Investment Highlights
Proven Team | 20% Equity Ownership
- Top-tier leadership with a successful track record in the industry, strong institutional investor support
Golden Asset | Resource Underpinned with PEA
- Advancing the 100%-owned Enchi Gold Project in Ghana, located along one of West Africa’s most prolific gold belts . Robust PEA– low capital, open pit, heap leach potential
Location | Multi-Million-Ounce Potential
- District scale exploration potential, growing the existing gold resource along strike and at depth on a prolific gold belt