Business
Newcore Gold Increases Drill Program to 80,000 Metres at the Enchi Gold Project, Ghana
VANCOUVER, British Columbia, June 02, 2026 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to
About this update from Newcore Gold Ltd.
VANCOUVER, British Columbia, June 02, 2026 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce that on the back of the success achieved to date with drilling at the Company’s Enchi Gold Project ("Enchi" or the "Project") in Ghana, and the completion of a $15 million equity financing, the Company has expanded its ongoing drill program to 80,000 metres. The expanded drill program, with four active drill rigs on site, will focus on resource conversion, resource growth and discovery drilling. Luke Alexander, President and CEO of Newcore stated, "We are excited to be increasing the size of the drill program at our Enchi Gold Project in Ghana on the back of a successful equity financing that had strong support from both new and existing institutional shareholders, along with management and the Board of Directors. We would like to thank shareholders for their continued support. This expanded drill program also reflects the success of drilling which continues to highlight the potential for resource growth at Enchi, including most recently with drilling encountering high-grade gold mineralization within the structures at depth. We are well positioned to further accelerate development of the Project, with the completion of a Pre-Feasibility Study on track for later this month, this expanded drill program will continue to advance and de-risk the Project through development and longer-term resource growth." Greg Smith, Vice President of Exploration of Newcore stated, "Drilling completed to date at our Enchi Gold Project in Ghana continues to demonstrate strong continuity and wide zones of gold mineralization both along strike and at depth at all our existing deposits, while also highlighting the high-grade potential along with the broader district scale potential of the Project. I am excited to keep the drill rigs turning given the success we have had with this drill program, including some of our highest-grade intercepts to date on the Project and the first visible gold encountered through drilling earlier this year. With four active drill rigs on site, we will continue to systematically advance multiple targets in parallel across the property through resource expansion and discovery with a focus on defining the longer-term resource growth potential that we believe exists on our district scale propert...