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Newcore Gold Increases Drill Program to 80,000 Meters at Enchi Gold Project, Ghana

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Newcore Gold (NCAU.V) said Tuesday that, on the back of the "success" achieved to date with drilling at its Enchi Gold Project in Ghana, and the completion of an equity financing, it has expanded its ongoing drill program to 80,000 meters

The expanded drill program, with four active drill rigs on site, will focus on resource conversion, resource growth and discovery drilling, it said.

The 80,000 meter drill program underway at Enchi commenced in August 2024, said the company. In addition to drilling, a Pre-Feasibility Study (PFS) is underway and targeted for completion by the end of June 2026, alongside on-going development work in support of project advancement at Enchi which includes metallurgical testwork, hydrogeological testing, geotechnical work, and environmental work, added the company.

"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," said Luke Alexander, President CEO of Newcore.

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