Newcore Gold Ltd. (TSXV: NCAU | OTCQX: NCAUF) has expanded its ongoing drill program at the Enchi Gold Project in Ghana to 80,000 metres, following continued exploration success and the recent completion of a C$15M financing.
The expanded program will focus on resource conversion, resource growth and discovery drilling, with four drill rigs currently active across the project. Reverse circulation drilling is targeting near‑surface mineralisation, while diamond drilling is focused on higher‑grade zones at depth.
The program builds on strong drilling results to date, which have demonstrated wide zones of gold mineralisation, continuity along strike and high‑grade potential, supporting further resource growth across the district‑scale project.
The first phase of drilling has already contributed to a significant resource increase, with the updated Mineral Resource Estimate released in March more than doubling the Indicated resource. Mineralisation remains open in all directions.
A Pre‑Feasibility Study (PFS) is also underway and expected to be completed by the end of June 2026, alongside ongoing metallurgical, geotechnical, hydrogeological and environmental workstreams.
Luke Alexander, president and CEO of Newcore Gold, commented, “The expanded drill program reflects the strong results delivered to date at Enchi and the significant potential for further resource growth. With the completion of our recent financing and a Pre‑Feasibility Study expected shortly, we are well positioned to continue advancing the project through development.”
Greg Smith, vice president of exploration at Newcore Gold, commented, “Drilling continues to demonstrate strong continuity and broad zones of gold mineralisation across the project, while also highlighting high‑grade potential at depth. With multiple targets being advanced in parallel, we are focused on defining the longer‑term growth potential of this district‑scale asset.”
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