Newcore Gold Doubles Indicated Gold Resource at Enchi Project
Event summary
- Newcore Gold's updated mineral resource estimate for the Enchi Gold Project in Ghana more than doubled the indicated mineral resource to 1,502,000 ounces of gold.
- The resource estimate, prepared by DRA Global Limited, is based on drilling completed up to October 6, 2025, with an additional 10,619 meters of drilling completed since then not included in the estimate.
- The Pre-Feasibility Study (PFS) for the project is underway and targeted for completion by the end of June 2026.
- The resource includes four pit-constrained deposits (Sewum, Boin, Nyam, Kwakyekrom), all open along strike and at depth for future resource growth.
The big picture
Newcore Gold's significant increase in the indicated mineral resource at the Enchi Gold Project positions the company favorably in Ghana's prolific Bibiani Shear Zone, a region known for multi-million-ounce gold deposits. The strategic anomaly here is the substantial conversion of resources to the Indicated category, which de-risks the project development and supports the ongoing Pre-Feasibility Study. The company's focus on district-scale exploration and high-grade potential at depth aligns with broader industry trends of maximizing resource growth and optimizing project economics.
What we're watching
- Resource Expansion
- Whether the additional 10,619 meters of drilling completed since October 2025 will further increase the resource estimate and support the PFS.
- High-Grade Potential
- The pace at which drilling can demonstrate and define the opportunity for resource expansion in the high-grade shoots within fresh mineralization to depth.
- District Scale Opportunity
- How the exploration of the 248 km2 property and the 25 identified targets will contribute to the long-term resource growth potential of the Enchi Gold Project.