Newcore Gold Commissions Pre-Feasibility Study for its Enchi Gold Project, Ghana

Core Insights - Newcore Gold Ltd. has commissioned a Pre-Feasibility Study (PFS) for its Enchi Gold Project in Ghana, targeting completion by the end of H1 2026 [1][4] - The PFS will build on the 2024 Preliminary Economic Assessment (PEA) and will include extensive fieldwork and testwork conducted during 2024 and 2025 [2][3] PFS Details - Lycopodium Minerals Canada Limited has been appointed as the lead consultant for the PFS, ensuring continuity from the previous PEA [4] - The PFS will incorporate approximately 30,000 metres of additional drilling, metallurgical testwork, hydrogeological testing, geotechnical work, and environmental studies [2][4] Metallurgical Testwork - Recent metallurgical testwork has shown recoveries of 89.4% to 97.7% using a standard milling and carbon-in-leach (CIL) processing flowsheet, compared to previous assumptions of 75% to 85% for heap leach processing [2][5] - The decision to adopt the milling and CIL method is based on maximizing economic value and minimizing processing risk [8] Fieldwork and Studies - Additional fieldwork for the PFS includes geotechnical, hydrogeological, environmental, and social baseline studies [9] - Geotechnical studies involved diamond drill holes to assess subsurface conditions for construction foundations [10] - Hydrogeological studies included groundwater recharge measurements and the installation of weather stations for continuous monitoring [11] - Environmental and social baseline studies were conducted to meet national and international standards [12] Current Drill Program - A 45,000-metre drill program is underway at Enchi, focusing on near-surface oxide and shallow fresh mineralization, with the goal of resource growth [14] - The first phase of the drill program aimed at resource conversion to improve confidence in the existing Mineral Resource Estimate [14] Company Overview - Newcore Gold is advancing the Enchi Gold Project, which is located in Ghana, a leading gold-producing country in Africa [18] - The company emphasizes best practice standards in exploration, sampling, and drilling activities, ensuring quality assurance and control [15]