Newcore Gold continues to expand the high-grade potential at its Enchi Gold Project in Ghana with the best grade-thickness intercept ever reported from the Nyam deposit: 3.67 g/t gold over 25.3 metres. CEO Luke Alexander joins Mining Stock Daily to discuss how the latest drilling could deepen the current pit design, enhance the mine plan outlined in the recent pre-feasibility study, and further improve project economics. The conversation also covers the ongoing 80,000-metre drill program, upcoming catalysts, and Newcore&#x27;s strategy to continue de-risking Enchi as gold prices remain near record highs.

Newcore Gold Hits Best-Ever Grade Thickness at Nyam

Mining Stock Daily

All right, everybody, welcome back into Mining Stock Daily. We've got new drill results, or we had new drill results from Newcore's Enchi Project there in Ghana late, about a week ago. And so we're getting a corporate update on these new drill results coming out of Nyam, that Nyam deposit with the headline hole 3.67 grams per ton gold over 25.3 meters. That was the headline.

And obviously, this opens and continues to expand the Nyam deposit below that resource pit. So we're going to talk about these drill results and the continued unlocking of the Enchi Project with CEO Luke Alexander. Luke, good morning. Good to see you. How you been? Yeah, I've been doing well. How about yourself, Trevor?

Yes, I'm doing pretty good. Thank you. Summer is reluctantly starting to come to an end, and I'm trying my best to stop that from happening, but without success.

But let's continue. Let's talk about more work at Enchi. This is continuing to expand mineralization at depth into that fresh rock material, important to note going forward post that PFS. Luke, walk us through these latest holes at Nyam, and what's the important takeaways here?

Yeah, so Nyam is our third largest deposit. We've had a lot of drill success at Nyam. We've identified a number of high-grade shoots across the deposit, and this is a follow-up drill set of drill results from that area.

We're looking at about 1,500 meters, five diamond holes released as part of this. That takes our total drilling up to about 46,000 of our 80,000-meter drill program. So lots of drill results still to come, an additional roughly 34,000 meters.

Newcore Gold Hits Best-Ever Grade Thickness at Nyam

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Newcore Gold Hits Best-Ever Grade Thickness at Nyam

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.