Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU – OTCQX:NCAUF) joins me for an update on the ongoing 10,000 meter drill program at the Enchi Gold Project in Ghana.
We dive into various aspects of the drill program, aimed at converting inferred resources to indicated and ultimately transitioning the project from a Preliminary Economic Assessment (PEA) to a Pre-Feasibility Study (PFS). Luke elaborates on the drilling strategy, targeting the significant Boin and Sewum deposits, which form the core of the project’s over 1.7million oz gold resource.
Key achievements include the drill results announced since October, particularly high-grade intercepts over what is in the current resource, that suggest potential for resource expansion beyond current pit constraints. The discussion also covers broader project de-risking activities such as metallurgical, hydrological, and geotech work, all feeding into the upcoming PFS expected in the first half of next year. Furthermore, Luke outlines future exploration plans, highlighting numerous greenfield targets and the Company’s strategy to optimize shareholder value.
If you have any follow up questions for Luke please email me at Fleck@kereport.com.