Newcore Gold kicks drilling program at Enchi Gold Project
Newcore Gold has commenced drilling program at the Enchi Gold Project in Ghana. The firm’s President and CEO, Luke Alexander, President and CEO made the announcement and said the program will focus primarily on infill and resource expansion drilling.
The 10,000-metre drilling targets near-surface oxide and shallow sulphide mineralization, aiming to enhance the confidence level of the existing Mineral Resource Estimate (MRE) through infill drilling. A portion of the drilling will also work towards resource expansion across selected zones, with all deposit areas and pre-resource targets remaining open along strike and at depth.
Drilling program
The CEO emphasized the importance of this phase in advancing the Enchi Gold Project towards a Preliminary Feasibility Study (PFS). He highlighted the dual focus of the drilling program: improving resource confidence and exploring the broader potential of Enchi to host a long-life gold camp. Future drilling programs will target earlier stage discoveries across the district-scale property and deeper sulphide mineralization to define higher-grade potential at depth.
The project is fully funded for this phase with approximately $3.3 million from warrant proceeds. Alexander expressed gratitude for the continued support from shareholders, management, and the Board of Directors. The drill rig is expected to be on-site within the next month, and the team is actively prioritizing the initial drill targets. The ultimate goal is to advance Enchi towards a construction decision while unlocking its significant potential.
In addition to drilling, Newcore Gold is continuing other exploration and development activities at Enchi, such as metallurgical test work, trenching high-priority surface anomalies, and conducting Greenfields work on the recently acquired Omanpe Licence.
