In the Business of Gold
Stock Code:
TSX-V: NCAU, OTCQX: NCAUF
Company Exposure:
Gold
Project Location:
Ghana
Newcore Gold (TSX-V: NCAU | OTCQX: NCAUF) is advancing its 100% owned Enchi Gold Project in southwest Ghana. The project currently hosts an Inferred Mineral Resource of 1.41Moz of gold at 0.62g/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.
Drilling is underway at Enchi, following-up on results from a 90,000m drill program completed in Q2 2022 that successfully tested extensions of the existing resource areas, encountered high-grade from deeper drilling, and tested numerous exploration targets resulting in new discoveries on the project. Catalysts in H1 2023 include a Mineral Resource update, drill results, metallurgical testwork, and an updated baseline environmental and social study.
Newcore’s top-tier leadership is aligned with shareholders through their 24% equity ownership and is backed by one of the strongest boards in the sector. Our vision is to build a responsive, creative, and powerful gold enterprise that maximizes returns for shareholders.
Investment Highlights
- Management & Institutional Backing
Top-tier team, successful track record of creating shareholder value - Incentivized Leadership
Management & Insiders own 24%, invested alongside shareholders - Golden Ghana
Top gold jurisdiction in Africa known for big, successful mines - Quality Asset
1.41Moz Inferred gold resource, near surface open along strike and at depth(1) - 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, 138M shares outstanding and no warrants
