Newcore Gold Reviews 2021 Activities at Enchi Project
Newcore Gold Ltd. has released a year-end review of its 2021 activities, highlighting expanded drilling and updated resource estimates for its Enchi gold project in Ghana.
Newcore Gold Ltd. provided a year-in-review on December 14, 2021, detailing its operational progress throughout 2021, with a primary focus on its Enchi gold project located in Ghana.
The company significantly advanced its exploration efforts at Enchi during the year. Key activities included an expanded drilling program, which the company announced was being increased to 80,000 meters. Newcore Gold reported multiple drill results throughout 2021, indicating promising gold grades and thicknesses at various targets within the project.
Furthermore, Newcore Gold announced an updated mineral resource estimate for the Enchi Gold Project. This update was a precursor to the commissioning of a pre-feasibility study (PFS), marking a crucial step in the project's development pathway towards potential commercial production. The company also pursued financing initiatives to support its ongoing exploration and development activities.
In addition to exploration and resource development, Newcore Gold reported on its financial activities, including successfully raising capital through warrant exercises. The company also reiterated its commitment to Environmental, Social, and Governance (ESG) principles underpinning its operations in Ghana.