Newcore Gold Ltd. (TSXV: NCAU | OTCQX: NCAUF) has expanded its ongoing drill programme at the Enchi Gold Project in Ghana to 60,000m, supported by an additional ~$10M in cash received from recent warrant exercises. Three rigs are now active on site as the company accelerates both development and exploration across the district‑scale project.
The expanded programme builds on strong results from the first phase of drilling, which focused on shallow mineralisation within the first 100 vertical metres and demonstrated wide, continuous zones of gold mineralisation across multiple targets. With the programme now moving into its second phase, drilling is targeting high‑grade structures at depths below 200m to evaluate the longer‑term growth potential at Enchi.
Luke Alexander, president and CEO of Newcore Gold, commented, “We are excited to be in a strong cash position to continue to advance the development of our Enchi Gold Project while unlocking the district scale potential through the drill bit. With the Pre‑Feasibility Study well underway and on track for completion by the end of June 2026, our drilling has shifted focus to defining the longer‑term growth potential at Enchi within the high‑grade structures that extend at depth. We have a busy year ahead as we focus on project development alongside exploration to further realise the potential of our Enchi Gold Project in Ghana.”
Greg Smith, vice president of exploration of Newcore Gold, added, “We have an active year ahead as drilling continues at Enchi with a focus on resource growth, with an expanded 60,000 metre drill program underway and three drill rigs active on site. The first phase delivered strong results targeting shallow gold mineralisation, highlighting strong continuity and wide zones within the first 100 vertical metres. With the drill program now in its second phase targeting mineralisation below 200 metres, we look forward to building on the exciting first diamond drill results as we prove out the higher‑grade potential at depth.”
In parallel with the drilling, development work supporting the Enchi Pre‑Feasibility Study continues, including metallurgical testwork, hydrogeological and geotechnical studies, and environmental baseline work. The PFS remains on schedule for completion by the end of June 2026.
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