In the Business of Gold
![Newcore Gold Ltd. Newcore Gold Ltd.](https://www.theassay.com/wp-content/uploads/2021/06/newcore-gold-thumbnail.png)
Stock Code:
TSX-V: NCAU, OTCQX: NCAUF
Company Exposure:
Gold
Project Location:
Ghana
Newcore Gold (TSXV: NCAU | OTCQX: NCAUF) is advancing its 100% owned Enchi Gold Project in southwest Ghana. The project hosts an Indicated Mineral Resource of 743,500oz of gold at 0.55g/t and an Inferred Mineral Resource of 972,000oz of gold at 0.65g/t (1). Enchi’s district scale, 248km2 land package, covers 40km of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold deposits, including the Chirano mine 50km to the north.
A Preliminary Economic Assessment (PEA) Study(2) completed in April 2024 highlighted robust economics for development of an open pit, heap leach operation at Enchi. The district scale exploration opportunity at Enchi provides longer-term growth potential with all existing resource areas open along strike and at depth, numerous untested early-stage targets identified across the property, and higher-grade structures defined at depth that remain largely underexplored and untested.
Newcore’s top-tier leadership is aligned with shareholders through their 22% equity ownership and is backed by one of the strongest boards in the sector.
Investment Highlights
Management & Institutional Backing
- Top-tier team, successful track record of creating shareholder value
Incentivized Leadership
- Management & Board own 22%, invested alongside shareholders
Golden Ghana
- Top gold jurisdiction in Africa known for big, successful mines
Quality Asset with District Scale Exploration Potential
- Located along one of West Africa’s most prolific gold belts
Robust PEA at Enchi – Simple, Open Pit, Heap Leach Project
- Low capital intensity, short payback period, strong leverage to gold price
Expansion Potential – Deposits Open Along Strike and to Depth
- ~95,000m of resource expansion and discovery drilling completed
Structured for Success
- Strong capital structure, 173M shares outstanding