Mining Stock Daily Newcore Drilling News from Sewum Deposit at Enchi
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Jul 17, 2025 Luke Alexander, CEO of Newcore Gold, shares exciting updates on the Enchi Gold Project in Ghana. He dives into the impressive drill results from the Sewum deposit, highlighting its potential as the project's largest reserve. The discussion covers ongoing drilling activities aimed at resource expansion and advancing to pre-feasibility stages. Alexander also touches on the company's strong financial foundation, including a $15 million cash reserve and positive institutional investor sentiment, setting the stage for promising future prospects in gold exploration.
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Sewum Deposit's Promising Results
- Newcore Gold's Sewum deposit is the largest and shows wide, near-surface mineralization zones.
- High grades near surface confirm strong project potential and resource growth.
Expanding Resource Beyond Pit Shells
- Drilling extends beyond existing pit shells, expanding resource size at Enchi.
- Targeting parallel structures and previously tested areas suggests further resource growth.
Drilling Program and Funding Outlook
- Newcore expects to complete the majority of the drilling program by Q3/Q4 2024.
- Warrants expiring by September could fund expanding the drilling beyond the planned 35,000 meters.