# Newcore Gold Announces Robust Pre-Feasibility Study for the Enchi Gold Project, Ghana

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05

Original source: https://money.tmx.com/en/quote/NCAU/news/5306349121335551/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g

Publisher: tmx

Original announcement: 2026-06-24T10:02:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Newcore Gold Ltd.

- Ticker: NCAU

- Exchange: TSX

- Region: Ghana

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update, Metallurgy, Drill results

- Extracted: 2026-08-20 21:35:23 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

Newcore Gold announced robust Pre-Feasibility Study results for its Enchi Gold Project in Ghana, highlighting strong economics with an after-tax NPV of $647 million and an IRR of 45% at a $4,200/oz gold price. The study outlines a 9.3-year mine life producing 953,350 ounces of gold through a conventional open pit and CIL processing operation, with an initial capital cost of $351 million and a short payback period. The company also reported high-grade drill results from an ongoing program, which are not yet incorporated into the current resource estimate but indicate significant growth potential.

Reasoning: The Pre-Feasibility Study for the Enchi Gold Project demonstrates robust economics with a high after-tax NPV of $647 million and IRR of 45% at a $4,200/oz gold price, supported by a conventional open pit and CIL processing operation with high gold recovery and a short payback period. The study is based on an updated Mineral Resource and Reserve Estimate, which saw a significant increase in indicated resources, and is further de-risked by ongoing high-grade drill results that indicate substantial future growth potential.

- Positive factor: Robust project economics with high NPV and IRR, and a short payback period.

- Positive factor: Significant gold production over the life of mine \(953,350 ounces\).

- Positive factor: High average gold recovery of 90.5% using a conventional and proven CIL processing route.

- Positive factor: Updated Mineral Resource and Reserve Estimates, including a more than doubled Indicated Mineral Resource.

- Positive factor: High-grade drill results from an ongoing program indicate significant resource growth potential beyond the current PFS.

- Positive factor: Strong government support for project advancement in Ghana.

- Positive factor: NI 43-101 compliant study with multiple Qualified Person sign-offs.

- Positive factor: Metallurgical testwork covered multiple ore types \(oxide, transition, fresh\) showing good response.

- Positive factor: QA/QC procedures are disclosed for drilling.

- Negative factor: The latest high-grade drill results are not yet incorporated into the current Mineral Resource Estimate or PFS, suggesting the current estimates might be conservative.

- Negative factor: True width is unknown for some bonanza intercepts, though an estimate is provided for the table.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 34

## Classification and evidence

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: The document is a Pre-Feasibility Study, which includes updated resource and reserve estimates.

Evidence · text

> Newcore Gold Announces Robust Pre-Feasibility Study for the Enchi Gold Project, Ghana

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The PFS and underlying Mineral Resource and Reserve Estimates were prepared in accordance with National Instrument 43-101.

Evidence · text

> The PFS was prepared by Lycopodium \(Americas\) Limited \("Lycopodium"\) of Mississauga, Ontario, as the lead consultant in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects \("NI 43-101"\).

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Multiple Qualified Persons are named for the PFS, Mineral Resource Estimate, and Mineral Reserve Estimate.

Evidence · text

> The mineral resource estimate was prepared by Ryan Wilson, P. Geo, Matthew Halliday, P. Geo, Schadrac Ibrango, P. Geo of DRA Americas Inc. in accordance with NI 43-101. These individuals are independent qualified persons \("QP"\) as defined by NI 43-101.

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: The updated Mineral Resource Estimate more than doubled the Indicated Mineral Resource.

Evidence · text

> only the first 28,000 metres of the drill program incorporated into an updated Mineral Resource Estimate announced on March 18, 2026 that more than doubled the Indicated Mineral Resource.

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: Cut-off grades for both the Mineral Resource and Mineral Reserve Estimates are disclosed.

Evidence · text

> Open pit cut-off grades varied from 0.1 to 0.2 g/t Au based on mining and processing costs as well as the recoveries in different weathered material.

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The PFS incorporates an updated Mineral Resource Estimate.

Evidence · text

> The PFS incorporates the Mineral Resource Estimate announced on March 18, 2026 .

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The Mineral Resource Estimate has an effective date of October 6, 2025, which is over 6 months old relative to the June 2026 announcement date, and excludes more recent drilling.

Evidence · text

> The Mineral Resource has an effective date of October 6, 2025 and is reported using a constraining resource pit at a gold price of $3,200/oz. The PFS is based on a Mineral Resource Estimate announced by Newcore on March 18, 2026 which incorporated drilling completed through October 6, 2025, and excludes more than 50,000 of additional metres from the 80,000 metre drill program underway at Enchi.

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The PFS is based on a standard milling and Carbon-in-Leach \(CIL\) processing flowsheet.

Evidence · text

> The PFS provides a base case assessment of developing Enchi as a conventional open pit mining operation with standard milling and carbon-in-leach \("CIL"\) processing

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: The overall weighted average gold recovery is estimated at 90.5%, which is strong for a CIL circuit.

Evidence · table

> 90.5%

Context: Average Gold Recovery

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: Metallurgical samples included oxide, transition, and fresh material from the three largest deposits.

Evidence · text

> Metallurgical samples consisted of oxide, transition and fresh material from the three largest deposits at Enchi \(Boin, Sewum, Nyam\)

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Hole KBDD098 intersected 1.0 m at 173.75 g/t Au, and KBDD100 intersected 1.0 m at 147.5 g/t Au, which are exceptionally high grades.

Evidence · table

> 173.75

Context: KBDD098

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: The drill results state that true width is estimated to be 75-85% of the reported hole lengths.

Evidence · text

> Intervals reported are hole lengths with true width estimated to be 75 - 85%

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Recent drilling has extended mineralization at depth and outside the limits of the current resource pits.

Evidence · text

> intersecting mineralization above the resource grade and extending the limits of the pits that constrain the resource.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The company states that analytical quality assurance and quality control procedures include the systematic insertion of blanks, standards, and duplicates, with samples shipped to Intertek Labs.

Evidence · text

> Analytical quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the sample strings. Samples are placed in sealed bags and shipped directly to Intertek Labs located in Tarkwa, Ghana for 50 gram gold fire assay.

**Exploration Drilling**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The ongoing 80,000 metre drill program is focused on resource growth and discovery, targeting high-grade potential at depth and new targets.

Evidence · text

> An 80,000 metre drill program is underway at Enchi. The drill program is focused on resource conversion, resource growth and discovery.

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The first phase of the drill program was infill drilling for resource conversion.

Evidence · text

> The completed first phase of the drill program was infill drilling for resource conversion

## Extracted facts

Stored fact records: 34. Some facts used in scoring do not have a stored record.

## Resource Estimates (34)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-0)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Ticker: NCAU

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: The PFS demonstrates robust economics with a high after-tax NPV of $647 million and IRR of 45% at a $4,200/oz gold price, supported by a 9.3-year mine life producing 953,350 ounces of gold with a 90.5% recovery.

- Positive factor: Robust project economics with high NPV and IRR, and a short payback period.

- Positive factor: Significant gold production over the life of mine.

- Positive factor: High average gold recovery using a conventional processing route.

Evidence · table

> 647 million

Context: $4,200/oz Gold Price – Spot Price After-Tax

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-1)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Ticker: NCAU

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: At the base case gold price of $3,800/oz, the project still shows strong economics with an after-tax NPV of $496 million and an IRR of 37%.

- Positive factor: Strong project economics at the base case gold price.

Evidence · table

> $496 million

Context: $3,800/oz Gold Price - Base Case After-Tax

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-2)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Ticker: NCAU

#### Resource Data

- Category: indicated
- Tonnes: 83615000
- Grade: 0.56
- Grade Unit: g/t
- Contained Metal: 1502000
- Contained Unit: ounces
- Cutoff Grade: 0.1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: The project boasts a substantial Indicated Mineral Resource of 83.6 Mt at 0.56 g/t Au for 1.5 Moz, which more than doubled from the previous estimate, providing a strong foundation for the PFS.

- Positive factor: Significant indicated resource tonnage and contained gold.

- Positive factor: Indicated resource tonnage more than doubled from previous estimate.

- Positive factor: NI 43-101 compliant with QP sign-off.

- Negative factor: Effective date of October 6, 2025, means the estimate does not include recent high-grade drilling.

Evidence · table

> 83,615,000

Context: Total Indicated

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-3)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Ticker: NCAU

#### Resource Data

- Category: inferred
- Tonnes: 40111000
- Grade: 0.49
- Grade Unit: g/t
- Contained Metal: 626000
- Contained Unit: ounces
- Cutoff Grade: 0.1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: The Inferred Mineral Resource of 40.1 Mt at 0.49 g/t Au for 626 koz provides additional exploration upside, though it carries lower geological confidence and is not included in the current mine plan.

- Positive factor: Provides future growth potential for the project.

- Positive factor: NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred resources have lower geological confidence and cannot be used for economic studies alone.

- Negative factor: Effective date of October 6, 2025, means the estimate does not include recent high-grade drilling.

Evidence · table

> 40,111,000

Context: Total Inferred

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-4)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Ticker: NCAU

#### Resource Data

- Category: probable
- Tonnes: 51290000
- Grade: 0.64
- Grade Unit: g/t
- Contained Metal: 1055000
- Contained Unit: ounces
- Cutoff Grade: 0.14

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A Probable Mineral Reserve of 51.3 Mt at 0.64 g/t Au for 1.05 Moz provides a strong, economically viable foundation for the project, with a recent effective date and NI 43-101 compliance.

- Positive factor: Robust Probable Mineral Reserve forms the basis of the PFS mine plan.

- Positive factor: NI 43-101 compliant with QP sign-off.

- Positive factor: High mining recovery and good processing recoveries.

Evidence · table

> 51,290,000

Context: Total Probable

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-5)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Ticker: NCAU

#### Lab

- Laboratory: Intertek Labs

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: PFS-level metallurgical testwork demonstrated a high overall weighted average gold recovery of 90.5% from oxide, transition, and fresh ore types using a standard milling and CIL circuit, confirming process viability.

- Positive factor: High overall weighted average gold recovery of 90.5%.

- Positive factor: Testwork confirmed all ore types respond well to a standard CIL circuit.

- Positive factor: Multi-domain testing provides confidence in variability.

Evidence · table

> 90.5%

Context: Average Gold Recovery

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-6)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 2.03
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: This intercept from the Boin deposit shows a strong gold grade of 2.03 g/t over 16.5 m, contributing to the potential for resource expansion at depth.

- Positive factor: Strong gold grade over a good intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 2.03

Context: KBDD088

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-7)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 3.9
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A high-grade sub-interval of 3.90 g/t Au over 4.0 m within KBDD088 further enhances the prospectivity of the Boin deposit at depth.

- Positive factor: High-grade sub-interval within a broader mineralized zone.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 3.90

Context: including

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-8)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 3.54
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole KBDD097 intersected a strong 3.54 g/t Au over 23.0 m from 253 m, demonstrating significant gold mineralization at depth in the Boin deposit.

- Positive factor: Strong gold grade over a significant intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 3.54

Context: KBDD097

### Fact 10

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-9)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 6.92
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A very high-grade sub-interval of 6.92 g/t Au over 8.0 m within KBDD097 highlights the bonanza potential at depth in the Boin deposit.

- Positive factor: Very high-grade sub-interval within a broader mineralized zone.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 6.92

Context: including

### Fact 11

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-10)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 173.75
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole KBDD098 intersected an exceptional bonanza grade of 173.75 g/t Au over 1.0 m, representing one of the strongest drill intercepts to date and the first visible gold encountered at Enchi, though true width is unknown.

- Positive factor: Exceptional bonanza grade over a narrow interval.

- Positive factor: Indicates very high-grade potential at depth.

- Positive factor: First visible gold encountered by drilling at Enchi.

- Negative factor: True width unknown.

Evidence · table

> 173.75

Context: KBDD098

### Fact 12

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-11)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 3
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A secondary intercept in KBDD098 of 3.00 g/t Au over 2.5 m further confirms gold mineralization at depth in the Boin deposit.

- Positive factor: Good gold grade over a narrow interval.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 3.00

Context: and

### Fact 13

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-12)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1.63
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole KBDD100 intersected 1.63 g/t Au over 5.9 m, indicating continued gold mineralization at depth in the Boin deposit.

- Positive factor: Good gold grade over a moderate intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 1.63

Context: KBDD100

### Fact 14

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-13)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1.61
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A further intercept in KBDD100 of 1.61 g/t Au over 5.4 m adds to the evidence of gold mineralization at depth in the Boin deposit.

- Positive factor: Good gold grade over a moderate intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 1.61

Context: and

### Fact 15

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-14)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 147.5
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole KBDD100 intersected an exceptional bonanza grade of 147.5 g/t Au over 1.0 m, further highlighting the high-grade potential at depth in the Boin deposit, though true width is unknown.

- Positive factor: Exceptional bonanza grade over a narrow interval.

- Positive factor: Indicates very high-grade potential at depth.

- Negative factor: True width unknown.

Evidence · table

> 147.5

Context: and

### Fact 16

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-15)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1.26
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole KBDD101 intersected 1.26 g/t Au over 16.0 m, indicating continued gold mineralization at depth in the Boin deposit.

- Positive factor: Good gold grade over a good intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 1.26

Context: KBDD101

### Fact 17

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-16)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 2.22
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A sub-interval in KBDD101 of 2.22 g/t Au over 7.0 m further enhances the prospectivity of the Boin deposit at depth.

- Positive factor: Strong gold grade over a moderate intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 2.22

Context: including

### Fact 18

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-17)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1.7
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole KBDD102 intersected 1.70 g/t Au over 25.5 m, demonstrating significant gold mineralization at depth in the Boin deposit.

- Positive factor: Strong gold grade over a significant intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 1.70

Context: KBDD102

### Fact 19

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-18)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 3.22
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A second strong intercept in KBDD102 of 3.22 g/t Au over 17.0 m further confirms high-grade gold mineralization at depth in the Boin deposit.

- Positive factor: Strong gold grade over a good intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 3.22

Context: and

### Fact 20

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-19)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1.23
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole KBDD107 intersected 1.23 g/t Au over 33.0 m, extending gold mineralization to greater depths in the Boin deposit.

- Positive factor: Good gold grade over a significant intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 1.23

Context: KBDD107

### Fact 21

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-20)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 2.16
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A sub-interval in KBDD107 of 2.16 g/t Au over 13.0 m further enhances the prospectivity of the Boin deposit at depth.

- Positive factor: Strong gold grade over a good intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 2.16

Context: including

### Fact 22

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-21)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1.38
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole KBDD111 intersected 1.38 g/t Au over 15.0 m, indicating continued gold mineralization at depth in the Boin deposit.

- Positive factor: Good gold grade over a good intercept length.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 1.38

Context: KBDD111

### Fact 23

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-22)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 5.99
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A very high-grade sub-interval of 5.99 g/t Au over 3.0 m within KBDD111 further enhances the prospectivity of the Boin deposit at depth.

- Positive factor: Very high-grade sub-interval within a broader mineralized zone.

- Positive factor: Indicates potential for resource growth at depth.

- Positive factor: True width estimated.

Evidence · table

> 5.99

Context: including

### Fact 24

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-23)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1.59
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole SWDD107 intersected 1.59 g/t Au over 15.5 m, indicating continued gold mineralization in the Sewum deposit.

- Positive factor: Good gold grade over a good intercept length.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 1.59

Context: SWDD107

### Fact 25

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-24)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 3.22
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A high-grade sub-interval of 3.22 g/t Au over 6.4 m within SWDD107 further enhances the prospectivity of the Sewum deposit.

- Positive factor: Strong gold grade over a moderate intercept length.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 3.22

Context: including

### Fact 26

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-25)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 0.48
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole SWDD108 intersected 0.48 g/t Au over a very wide 41.0 m, indicating significant bulk tonnage potential in the Sewum deposit.

- Positive factor: Good gold grade over a very wide intercept length.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 0.48

Context: SWDD108

### Fact 27

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-26)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 0.82
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A secondary intercept in SWDD108 of 0.82 g/t Au over 18.5 m further confirms gold mineralization in the Sewum deposit.

- Positive factor: Good gold grade over a good intercept length.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 0.82

Context: and

### Fact 28

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-27)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 2.26
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A high-grade sub-interval of 2.26 g/t Au over 4.5 m within SWDD108 further enhances the prospectivity of the Sewum deposit.

- Positive factor: Strong gold grade over a moderate intercept length.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 2.26

Context: including

### Fact 29

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-28)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole SWDD112 intersected 1.00 g/t Au over 10.5 m from surface, indicating shallow gold mineralization in the Sewum deposit.

- Positive factor: Good gold grade over a good intercept length at shallow depth.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 1.00

Context: SWDD112

### Fact 30

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-29)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 0.69
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A second intercept in SWDD112 of 0.69 g/t Au over a very wide 41.0 m from shallow depth further confirms significant gold mineralization in the Sewum deposit.

- Positive factor: Good gold grade over a very wide intercept length at shallow depth.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 0.69

Context: and

### Fact 31

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-30)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 0.41
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A third intercept in SWDD112 of 0.41 g/t Au over 25.2 m continues to demonstrate gold mineralization in the Sewum deposit.

- Positive factor: Moderate gold grade over a significant intercept length.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 0.41

Context: and

### Fact 32

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-31)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 0.55
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Hole SWDD121 intersected 0.55 g/t Au over 16.5 m from shallow depth, indicating continued gold mineralization in the Sewum deposit.

- Positive factor: Moderate gold grade over a good intercept length at shallow depth.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 0.55

Context: SWDD121

### Fact 33

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-32)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1.37
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A second intercept in SWDD121 of 1.37 g/t Au over 24.0 m further confirms significant gold mineralization in the Sewum deposit.

- Positive factor: Strong gold grade over a significant intercept length.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 1.37

Context: and

### Fact 34

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-robust-pre-feasibility-study-for-the-enchi-gold-project-g--c2a592a3-1734-4600-893c-b13d129bdb05#fact-resource-facts-33)

Enchi Gold Project · gold

#### Identity

- Project: Enchi Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: NCAU

#### Resource Data

- Grade: 1.93
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: A high-grade sub-interval of 1.93 g/t Au over 12.0 m within SWDD121 further enhances the prospectivity of the Sewum deposit.

- Positive factor: Strong gold grade over a good intercept length.

- Positive factor: Indicates potential for resource growth.

- Positive factor: True width estimated.

Evidence · table

> 1.93

Context: including

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.