In the Business of Gold

Stock Code:
TSX-V: NCAU, OTCQX: NCAUF
Company Exposure:
Gold
Project Location:
Ghana
NEWCORE – ADVANCING THE ENCHI GOLD PROJECT IN GHANA
Newcore Gold (TSX-V: NCAU | OTCQX: NCAUF) is advancing its 100% owned Enchi Gold Project in southwest Ghana. The Project hosts an Indicated Mineral Resource of 743,500 ounces of gold at 0.55g/t and an Inferred Mineral Resource of 972,000 ounces of gold at 0.65g/t (1). Enchi’s district scale, 248km2 land package, covers 40kms of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold deposits, including the Chirano mine 50 kms to the north.
A Preliminary Economic Assessment (PEA) Study (2) completed in April 2024 highlighted robust economics for the development of an open pit, heap leach operation at Enchi. The district scale exploration opportunity at Enchi provides longer-term growth potential with all existing resource areas open along strike and at depth, numerous untested early-stage targets identified across the property, and higher-grade structures defined at depth that remain largely underexplored and untested. A 35,000-metre drill program is underway, targeting infill as well as resource expansion drilling.
Newcore’s top-tier leadership is aligned with shareholders through their 15% 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 15%, invested alongside shareholders - Golden Ghana
Top gold jurisdiction in Africa known for big, successful mines - Gold Project with District Scale Exploration Potential
Located along one of West Africa’s most prolific gold belts - Robust PEA at Enchi – Simple, Open Pit, Heap Leach Project (2)
Low capital intensity, short payback period, strong leverage to gold price - Expansion Potential – Deposits Open Along Strike and to Depth
35,000m drill programme underway, with +100,000 metres of resource expansion and discovery drilling completed since 2020