Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) is advancing the Enchi Gold Project in southwest Ghana.
The project’s 248 sq km land package covers 40 kms of Ghana’s Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold mines. A PEA completed in 2024 highlighted the robust economics of developing an open pit, heap leach mine at Enchi, with low capital intensity and strong leverage to the gold price. Enchi’s longer-term potential benefits from the district-scale exploration opportunity that is largely underexplored to date with both resource growth potential along strike and at depth. A 45,000-metre drill program is underway with a focus on resource conversion and growth as we complete technical work required to advance the Enchi Gold Project towards a Pre-Feasibility Study in H1 2026.
Newcore’s top-tier leadership is aligned with shareholders through their 15% equity ownership, and the Company has strong institutional investor support with ~55% ownership.