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Newcore Gold Files Enchi PFS, 50,000m of Drilling Not Yet Counted
Newcore Gold filed the Enchi Gold Project PFS technical report. The study, based on drilling through Oct 2025, excludes 50,000m of ongoing drilling that hit high-grade at depth.
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Newcore Gold filed the technical report supporting its pre-feasibility study for the Enchi Gold Project in Ghana, the company said in a statement. The report, prepared under NI 43-101 by Lycopodium as lead consultant, outlines a conventional open pit operation with carbon-in-leach processing at 5.5 million tonnes per year. Contract mining is planned.
The PFS, announced June 24, is based on a mineral resource estimate from March that incorporates drilling only through October 2025. That resource estimate excludes more than 50,000 metres of the 80,000-metre drill program currently underway, Newcore said. Recent drilling has hit high-grade intersections at depth, extending the pit limits that constrain the current estimates. Those results will feed into future resource updates and economic studies.