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Newcore Gold Ltd. Discusses PEA Results and Progress of 66,000 Meter Drill Program with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - June 17, 2021) - The Stock Day Podcast welcomed Newcore Go...
About this update from Newcore Gold Ltd.
[{"type":"text","content":"Newcore Gold Ltd. Discusses PEA Results and Progress of 66,000 Meter Drill Program with The Stock Day PodcastPhoenix, Arizona--(Newsfile Corp. - June 17, 2021) - The Stock Day Podcast welcomed Newcore Gold Ltd. (OTCQX: NCAUF) (TSXV: NCAU) (\"the Company\"), a gold exploration company advancing its Enchi Gold project located in Ghana, Africa's largest gold producer (1). President, CEO and Director of the Company, Luke Alexander, joined Stock Day host Everett Jolly. Jolly began the interview by asking about the Company's background and current projects. \"Our project is located in Ghana. It is a district scale exploration project,\" said Alexander. \"We put out some updated numbers last week, which included an updated resource.\" he shared. \"We've identified 25 targets across the overall project, of which 6 of them we have drilled on and four of them make up that current resource,\" said Alexander. \"We also put out an updated PEA, which really underpins the value of the company and highlights what a robust project we have at Newcore Gold.\"\"What are the key value drivers that you see moving forward?\", asked Jolly. \"Our project is a heap leach project, and that is important because it is a much less capital intensive way of producing gold,\" explained Alexander. \"We have an upfront capital of $97 million, which includes a 30% contingency,\" he said, before elaborating on the robust economic potential of the project. \"We put our study out last Tuesday, and on the back of that we have traded 3.8 million shares,\" said Alexander. \"Where we will go from here is ultimately building off of that, continuing to explore.\"\"Can you comment on the exploration upside and what you think will have a meaningful impact on the PEA?,\" asked Jolly. \"PEA is a 'Preliminary Economic Assessment,\" said Alexander. \"So, we use an independent engineering company to look at our project,\" he explained. \"They analyze that and come up with a financial model. We have released the results from that financial model last week, and within the next 45 days we will produce a full technical report.\"\"In terms of the 66,000 meter program, it is the largest ever drill program on our project,\" continued Alexander. \"We have been putting out a lot of drill results over the last 6-8 months,\" he added. \"In terms of the PEA, we were only able to include abou...