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Newcore Gold: Updated Mineral Resource Estimate for the Enchi Gold Project

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Wed, March 29, 2023 at 1:00 PMendedReplay
Newcore Gold: Updated Mineral Resource Estimate for the Enchi Gold Project

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Meeting Overview The meeting focused on the updated mineral resource estimate for Nucor Gold's Enchi Gold Project in Ghana. Key highlights included the introduction of an indicated resource for the first time, the addition of a high-grade underground resource, and the expansion of the overall resource size, which collectively enhance the project's economic viability. Key Discussion Points - Introduction of the updated mineral resource estimate for the Enchi Gold Project. - Announcement of the first-ever indicated resource of 743,000 ounces. - Addition of 972,000 ounces of inferred resource, increasing the overall resource size. - Introduction of a maiden high-grade underground resource of 135,000 ounces. - Expansion of the resource area with the addition of the Tocasea site, which has an initial resource of 46,000 ounces. - Discussion on the drilling efforts and their impact on resource growth and project de-risking. Decisions Made - No explicit decisions recorded. Action Items & Ne...

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hi, everyone. Thank you for joining us today. Most of you likely already know me, but for those of you who don't, my name is Mala Karwowska and I'm the VP Corporate Development and Investor Relations for Nucor Gold. [00:19] Speaker 1: I'm joined today by Nucor [00:22] Speaker 1: Gold's President and CEO, Luke Alexander, [00:25] Speaker 1: as well as our VP of Exploration, Greg Smith. [00:28] Speaker 1: Before we get started, I just want to highlight that we will be making some forward-looking statements today, so I encourage you all to visit our website [00:36] Speaker 1: and read that full cautionary language in detail. [00:39] Speaker 1: We look forward to taking this opportunity today to provide a detailed overview [00:44] Speaker 1: of our recently announced updated mineral resource estimate for our Enchi Gold Project in Ghana, which is a result of several years of drilling that have been successful in proving out the significant potential across the property. [00:56] Speaker 1: Importantly, [00:57] Speaker 1: please don't forget to submit your questions. After the presentation, we will be answering your questions, So please do make sure to submit those using the questions tab. With that, I'm gonna pass it over to Luke to kick things off. [01:09] Speaker 2: Yeah, thanks Mal and hi everybody. [01:12] Speaker 2: Again, many of you may know me as well, but I'm Luke Alexander, President and CEO of Nucor Gold. [01:18] Speaker 2: We're going to focus this presentation today on the updated resource that we put out at the beginning of March and [01:27] Speaker 2: highlight a number of the positive aspects of that updated resource. [01:31] Speaker 2: And then at the end, we'll talk a bit ab...