Advancing a Key De-Risking Milestone, PFS Targeted for Completion in H1 2026VANCOUVER, British Columbia, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce it has commissioned a Pre-Feasibility Study ("PFS") for the Company’s Enchi Gold Project ("Enchi" or the "Project") in Ghana. Newcore has engaged Lycopodium Minerals Canada Limited ("Lycopodium") of Toronto, Canada as lead consultant for the study, with support from Fuse Adv ...

Core Insights - The Green Bay Copper-Gold Project in Canada is revealing an extremely high-grade core of copper and gold mineralization over a strike length of at least 800 meters, which remains open for further exploration [2][5][4] - Recent drilling results have shown significant intersections, including 43.6 meters at 7.6% copper equivalent (CuEq) and 15 meters at 16% CuEq, indicating a rich mineralized core that will impact the upcoming Mineral Resource Estimate [2][7][33] - The current Mineral Resource Estimate for Green Bay totals 24.4 million tons at 1.9% for 460,000 tons CuEq of Measured & Indicated Resources and 34.5 million tons at 2.0% for 690,000 tons CuEq of Inferred Resources [11][12] Drilling Results - Recent drilling has confirmed the presence of high-grade mineralization, with notable intersections such as 43.6 meters at 7.6% CuEq in hole MUG25-214, which includes an upper VMS zone grading 14.9 meters at 16.0% CuEq [2][33] - Additional significant intersections include 49.0 meters at 6.1% CuEq in hole MUG25-202 and 86.3 meters at 3.7% CuEq in hole MUG24-079, showcasing the potential for large-scale mining [2][6][11] - Infill drilling has also returned exceptional results, such as 4.1 meters at 17.4% CuEq and 16.0 meters at 13.5% CuEq, further confirming the high-grade nature of the mineralization [8][39] Exploration and Resource Conversion - Eight diamond rigs are currently operational, focusing on upgrading the existing Mineral Resource, extending known mineralization, and exploring new regional discoveries [2][19] - Regional exploration is actively underway, with drill rigs testing conductive geophysical anomalies in the central Green Bay leases, indicating ongoing efforts to expand the resource base [3][14] - The company is well-funded to accelerate its growth campaign and engineering studies following a recent equity raising [15]

Core Viewpoint - Cartier Resources Inc. has initiated a comprehensive metallurgical sampling and testwork program for its Cadillac Project, aimed at optimizing processing methods and enhancing project economics [1][2]. Group 1: Program Objectives - The metallurgical program is a critical milestone for de-risking the Cadillac Project, focusing on understanding mineralized material responses to processing methods to define an efficient and cost-effective flowsheet [2]. - The program aims to reduce capital and operating costs while improving the environmental footprint, ultimately enhancing shareholder value [2]. - The initiative follows the launch of baseline environmental studies and aims to generate updated, high-quality data reflecting current standards [3]. Group 2: Historical Context - Historical production from the Chimo mine processed approximately 2.4 million tonnes of mineralized material from 1966 to 1997, with an average recovery rate of 90.6% for contained gold [4]. - The first two operators achieved higher extraction rates of around 94%, while the last operator, Cambior, saw a drop to 89% [4]. Group 3: Methodology of Testwork - The testwork will utilize NQ-size half-drill core intervals to represent the mineralization and average head grade, generating six composites totaling 300 kg from three deposits [6]. - Composites will undergo cyanidation tests at different grind sizes, followed by gravimetric concentration separation and cyanide destruction tests [7]. Group 4: Expected Outcomes - The program aims to define expected gold recovery rates and improve upon historical results from the Chimo deposit, while establishing recovery data for the East Chimo and West Nordeau deposits [9]. - It will support the development of an integrated process flowsheet and provide critical data for future trade-off studies [9]. Group 5: Company Overview - Cartier Resources Inc. is focused on gold exploration and development in Quebec, with a strategy to unlock the potential of its Cadillac Project, which covers 14,000 hectares along the Cadillac Fault [12][14]. - The Cadillac Project integrates the historic Chimo Mine and East Cadillac projects, positioning the company for rapid advancement and value creation [12].