# Newcore Gold Announces Updated Mineral Resource Estimate for the Enchi Gold Project, Ghana

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537

Original source: https://money.tmx.com/en/quote/NCAU/news/7567981693340782/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj

Publisher: tmx

Original announcement: 2026-03-18T10:00:00.000Z

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

- Extracted: 2026-08-21 01:03:05 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

Newcore Gold has announced an updated Mineral Resource Estimate for its Enchi Gold Project in Ghana, significantly increasing the Indicated gold ounces to 1.5 million and Inferred ounces to 626,000. This NI 43-101 compliant estimate, which more than doubles the previous Indicated resource, will serve as the foundation for an ongoing Pre-Feasibility Study. The company highlights the project's multi-million-ounce potential and ongoing exploration for further resource growth.

Reasoning: Newcore Gold announced a significant update to its Mineral Resource Estimate for the Enchi Gold Project, more than doubling the Indicated gold ounces to 1.5 million ounces and increasing Inferred ounces to 626,000 ounces. This updated estimate, prepared by Qualified Persons in accordance with NI 43-101, will form the basis for a Pre-Feasibility Study, de-risking the project. The resource was constrained by pit shells using a US$3,200/oz gold price, with cut-off grades varying from 0.1 to 0.2 g/t Au, and metallurgical recoveries of 85% for oxide/transition and 91.7% for fresh mineralization.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Positive factor: Cut-off Disclosed

Facts used in scoring: 40

## Classification and evidence

**Category Upgrade**

Polarity: positive

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The Indicated Mineral Resource more than doubled to 1,502,000 ounces gold, indicating a significant upgrade in resource confidence.

Evidence · text

> More Than Doubled the Indicated Mineral Resource to 1,502,000 Ounces Gold.

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The updated estimate expanded the Indicated Mineral Resource to 1,502,000 ounces gold and Inferred Mineral Resource to 626,000 ounces gold.

Evidence · text

> Expanded the Indicated Mineral Resource at Enchi to 83.6 million tonnes at an average grade of 0.56 grams per tonne gold \("g/t Au"\) containing 1,502,000 ounces gold, along with an Inferred Mineral Resource of 40.1 million tonnes at an average grade of 0.49 g/t Au containing 626,000 ounces gold.

**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: The resource estimate was prepared by Ryan Wilson, P. Geo, Matthew Halliday, P. Geo, Schadrac Ibrango, P. Geo of DRA Global Limited, who are independent qualified persons \('QP'\) as defined by NI 43-101.

Evidence · text

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

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The Mineral Resource Estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects \('NI 43-101'\).

Evidence · text

> prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects \("NI 43-101"\)

**PFS-Supporting**

Polarity: neutral

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

Why it applies: The Indicated Mineral Resource will form the basis for the Pre-Feasibility Study \('PFS'\) which is underway.

Evidence · text

> The Indicated Mineral Resource will form the basis for the Pre-Feasibility Study \("PFS"\) which is underway

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: Open pit cut-off grades varied from 0.1 to 0.2 g/t Au based on mining and processing costs.

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.

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource includes a significant Inferred Mineral Resource of 626,000 ounces gold.

Evidence · text

> Additional Inferred Mineral Resource of 626,000 Ounces Gold.

**Open Pit Mining**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The resource is reported using a constraining resource pit and refers to 'Pit Constrained Open Pit' estimates.

Evidence · text

> The Resource is reported using a constraining resource pit

## Extracted facts

Stored fact records: 40. Some facts used in scoring do not have a stored record.

## Resource Estimates (40)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-0)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 23477000
- Grade: 0.73
- Grade Unit: g/t
- Contained Metal: 550000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for the Boin zone with a good grade and significant contained gold, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.73

Context: 23,477,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-1)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 9237000
- Grade: 0.6
- Grade Unit: g/t
- Contained Metal: 178000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for the Boin zone, adding to the overall resource base with a moderate grade.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.60

Context: 9,237,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-2)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 41233000
- Grade: 0.43
- Grade Unit: g/t
- Contained Metal: 573000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for the Sewum zone, contributing a large tonnage to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.43

Context: 41,233,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-3)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 24246000
- Grade: 0.39
- Grade Unit: g/t
- Contained Metal: 308000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for the Sewum zone, adding to the overall resource base with a moderate grade.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.39

Context: 24,246,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-4)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 13458000
- Grade: 0.66
- Grade Unit: g/t
- Contained Metal: 287000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for the Nyam zone with a good grade, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.66

Context: 13,458,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-5)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 5471000
- Grade: 0.68
- Grade Unit: g/t
- Contained Metal: 120000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for the Nyam zone with a good grade, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.68

Context: 5,471,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-6)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 5447000
- Grade: 0.52
- Grade Unit: g/t
- Contained Metal: 92000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for the Kwakyekrom zone, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.52

Context: 5,447,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-7)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 1156000
- Grade: 0.52
- Grade Unit: g/t
- Contained Metal: 19000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Smaller inferred resource for the Kwakyekrom zone, contributing to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.52

Context: 1,156,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-8)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

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

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Total Indicated Mineral Resource significantly increased, providing a strong foundation for the Pre-Feasibility Study.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

- Positive factor: PFS-Supporting

Evidence · table

> 0.56

Context: 83,615,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-9)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

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

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Total Inferred Mineral Resource increased, adding to the overall resource base and future growth potential.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.49

Context: 40,111,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-10)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 19924000
- Grade: 0.45
- Grade Unit: g/t
- Contained Metal: 286000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for oxide mineralization, contributing to the overall resource upgrade and providing near-surface potential.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.45

Context: 19,924,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-11)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 26264000
- Grade: 0.49
- Grade Unit: g/t
- Contained Metal: 415000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for transition mineralization, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.49

Context: 26,264,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-12)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 37427000
- Grade: 0.67
- Grade Unit: g/t
- Contained Metal: 801000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for fresh mineralization with a higher grade, contributing significantly to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.67

Context: 37,427,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-13)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 9139000
- Grade: 0.45
- Grade Unit: g/t
- Contained Metal: 132000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for oxide mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.45

Context: 9,139,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-14)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 12829000
- Grade: 0.38
- Grade Unit: g/t
- Contained Metal: 156000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for transition mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.38

Context: 12,829,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-15)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 18144000
- Grade: 0.58
- Grade Unit: g/t
- Contained Metal: 338000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for fresh mineralization with a good grade, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.58

Context: 18,144,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-16)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 15301000
- Grade: 0.38
- Grade Unit: g/t
- Contained Metal: 187000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Sewum Oxide mineralization, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.38

Context: 15,301,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-17)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 2725000
- Grade: 0.74
- Grade Unit: g/t
- Contained Metal: 65000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Boin Oxide mineralization with a good grade, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.74

Context: 2,725,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-18)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 1181000
- Grade: 0.65
- Grade Unit: g/t
- Contained Metal: 25000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Nyam Oxide mineralization with a good grade, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.65

Context: 1,181,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-19)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 717000
- Grade: 0.4
- Grade Unit: g/t
- Contained Metal: 9000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Kwakyekrom Oxide mineralization, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.40

Context: 717,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-20)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 14295000
- Grade: 0.4
- Grade Unit: g/t
- Contained Metal: 184000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Sewum Transition mineralization, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.40

Context: 14,295,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-21)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 6688000
- Grade: 0.66
- Grade Unit: g/t
- Contained Metal: 142000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Boin Transition mineralization with a good grade, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.66

Context: 6,688,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-22)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 3425000
- Grade: 0.59
- Grade Unit: g/t
- Contained Metal: 65000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Nyam Transition mineralization with a good grade, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.59

Context: 3,425,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-23)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 1856000
- Grade: 0.42
- Grade Unit: g/t
- Contained Metal: 25000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Kwakyekrom Transition mineralization, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.42

Context: 1,856,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-24)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 11637000
- Grade: 0.54
- Grade Unit: g/t
- Contained Metal: 202000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Sewum Fresh mineralization, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.54

Context: 11,637,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-25)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 14064000
- Grade: 0.76
- Grade Unit: g/t
- Contained Metal: 344000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Boin Fresh mineralization with a high grade, contributing significantly to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.76

Context: 14,064,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-26)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 8852000
- Grade: 0.7
- Grade Unit: g/t
- Contained Metal: 198000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Nyam Fresh mineralization with a good grade, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.70

Context: 8,852,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-27)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: indicated
- Tonnes: 2874000
- Grade: 0.62
- Grade Unit: g/t
- Contained Metal: 57000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Indicated resource for Kwakyekrom Fresh mineralization with a good grade, contributing to the overall resource upgrade.

- Positive factor: Category Upgrade

- Positive factor: Contained Metal Growth

Evidence · table

> 0.62

Context: 2,874,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-28)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 7295000
- Grade: 0.45
- Grade Unit: g/t
- Contained Metal: 106000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Sewum Oxide mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.45

Context: 7,295,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-29)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 998000
- Grade: 0.51
- Grade Unit: g/t
- Contained Metal: 16000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Boin Oxide mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.51

Context: 998,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-30)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 592000
- Grade: 0.41
- Grade Unit: g/t
- Contained Metal: 8000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Nyam Oxide mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.41

Context: 592,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-31)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 253000
- Grade: 0.26
- Grade Unit: g/t
- Contained Metal: 2000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Kwakyekrom Oxide mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.26

Context: 253,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-32)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 8326000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 80000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Sewum Transition mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.30

Context: 8,326,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-33)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 3652000
- Grade: 0.55
- Grade Unit: g/t
- Contained Metal: 65000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Boin Transition mineralization with a good grade, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.55

Context: 3,652,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-34)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 499000
- Grade: 0.49
- Grade Unit: g/t
- Contained Metal: 8000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Nyam Transition mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.49

Context: 499,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-35)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 352000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 3000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Kwakyekrom Transition mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.30

Context: 352,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-36)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 8625000
- Grade: 0.44
- Grade Unit: g/t
- Contained Metal: 122000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Sewum Fresh mineralization, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.44

Context: 8,625,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-37)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 4587000
- Grade: 0.66
- Grade Unit: g/t
- Contained Metal: 97000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Boin Fresh mineralization with a good grade, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.66

Context: 4,587,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-38)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 4380000
- Grade: 0.75
- Grade Unit: g/t
- Contained Metal: 105000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Nyam Fresh mineralization with a high grade, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.75

Context: 4,380,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--427fd088-99cf-4c8f-a83d-72dc3ba97537#fact-resource-facts-39)

Enchi Gold Project · gold

#### Identity

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

#### Resource Data

- Category: inferred
- Tonnes: 551000
- Grade: 0.78
- Grade Unit: g/t
- Contained Metal: 14000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-18T00:00:00.000Z

Reasoning: Inferred resource for Kwakyekrom Fresh mineralization with a high grade, adding to the overall resource base.

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.78

Context: 551,000

## 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.