GOLD
Newcore Gold spent 2024 and 2025 investing in drilling for resource upgrade and expansion.
Newcore Gold CEO Luke Alexander.
Newcore on-track to deliver Enchi PFS in 2026 By Nelendhre Moodley With an eye to publishing its prefeasibility study by the middle of 2026, Canadian gold exploration and development company, Newcore Gold, has spent 2024 and 2025 investing in drilling for resource upgrade and expansion, CEO Luke Alexander tells Modern Mining . N ewcore Gold is advancing its 100%-owned Enchi Gold Project, located on the Bibiani Shear Zone - one of Ghana’s two prolific gold producing belts. Enchi, a 1.7-million-ounce gold asset in a district hosting several 5-million-ounce plus gold deposits, stretches along more than 40 km of the Bibiani Shear Zone.
deposit included 2.25 grams over 56 metres, 4.4 grams over 24 metres and 1.16 grams over 72 metres. “As part of the 35 000-metre drill programme, we recorded one of the highest-grade intercepts ever at our Boin deposit - an impressive 204 grams over one metre. More recently, in September, we also had our third highest-grade intercept ever, 184 grams over one metre at Kojina Hill, which is an earlier stage target at Enchi that does not yet have a resource defined,” says Alexander. Opportunities at depth According to Alexander, the property, which covers 248 km 2 along a prolific gold belt, offers significant exploration upside. Enchi currently hosts an Indicated Mineral Resource of 743 500 ounces of gold at 0.55 g/t and an Inferred Mineral Resource of 972 000 ounces of gold at 0.65 g/t. Aside from converting ounces from Inferred to Indicated category, the TSX-V-listed entity’s resource expansion targets district scale opportunity on its extensive land package. “We have identified over 25 targets across Newcore’s mining license and, to date, have drilled over 200 000 metres
Newcore’s district scale project benefits from resources defined at five deposits (Sewum, Boin, Nyam, Kwakyekrom, Tokosea), all of which remain open for potential resource growth along strike, along with numerous additional targets that provide for potential future growth from further investigation. “Following our successful capital raise of C$15 million in February, we expanded our drill programme from 10 000 metres to 35 000 metres. In tandem with resource conversion and resource expansion, we have been de-risking the project’s development path with metallurgical, geotechnical, hydrological and environmental baseline work. Our plan is to commission the PFS in the fourth quarter of this year, publishing it in the first half of 2026,” explains Alexander. To date, the drill programme has delivered extremely strong results. Results released in May from drilling on the Boin
26 MODERN MINING www.modernminingmagazine.co.za | February 2026
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