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 743,500oz of gold at 0.55g/t and an Inferred Mineral Resource of 972,000oz 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 have 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 in 2023 include additional drill results, metallurgical testwork and an updated baseline environmental and social study. 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
- Management & Institutional Backing
Top-tier team, successful track record of creating shareholder value - Incentivized Leadership
Management & Board own 20%, invested alongside shareholders - Golden Ghana
Top gold jurisdiction in Africa known for big, successful mines - Quality Asset with District Scale Exploration Potential
Located along one of West Africa’s most prolific gold belts - Robust PEA at Enchi
Open pit, heap leach, low capital intensity - Expansion Potential – Drilling Underway
+90,000m of resource expansion and discovery drilling completed - Structured for Success
Strong capital structure, 172M shares outstanding
