Newcore Gold Updates Resource Estimate for Enchi Gold Project in Ghana
Newcore Gold Ltd. has released an updated mineral resource estimate for its Enchi Gold Project in Ghana, significantly increasing indicated resources and forming the basis for a pre-feasibility study.
Vancouver, BC – Newcore Gold Ltd. announced on March 18, 2026, an updated mineral resource estimate for its Enchi Gold Project in Ghana. The updated estimate, prepared by DRA Global Limited, more than doubled the indicated mineral resource to 1,502,000 ounces of gold and established an inferred resource of 626,000 ounces.
The new resources, reported at a gold price of US$3,200 per ounce, comprise 83.6 million tonnes of indicated mineral resource at an average grade of 0.56 g/t gold, along with 40.1 million tonnes of inferred mineral resource at an average grade of 0.49 g/t. The estimate incorporates drilling results up to October 6, 2025, with additional drilling completed since that date not yet included.
The indicated mineral resource is intended to form the basis for a pre-feasibility study (PFS), which is currently underway and targeted for completion by the end of June 2026. The company previously announced the commissioning of the PFS in February 2026.
This updated estimate includes four deposits: Sewum, Boin, Nyam, and Kwakyekrom. All deposits remain open along strike and at depth, indicating potential for future resource growth. The property hosts over 25 identified targets across 248 square kilometers, and an ongoing 60,000-meter drill program is focused on further exploration, particularly at depth.