Mining Stock Daily Luke Alexander Comments on Today's Drill Results from Enchi's Boin Deposit
May 7, 2025
Luke Alexander, CEO of Newcore Gold, shares insights on the promising drill results from Enchi's Boin Deposit in Ghana. He discusses remarkable findings, including intercepts of 2.25 grams per ton gold over 56 meters, and what this means for resource expansion. Luke also highlights the dynamics of the gold mining sector in West Africa, with Ghana's leading role in gold production. With strategic drilling proving beneficial, there's a sense of optimism around the ongoing success and future growth of Newcore Gold.
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CEO Luke Alexander in Ghana
- Luke Alexander shares excitement about being in Ghana for the first time in years.
- He describes meetings with government, contractors, and starting metallurgical tests key for upcoming studies.
High-Grade Drill Results Expand Resource
- Drilling at the Boin deposit reveals deep, high-grade gold mineralization beyond existing pits.
- This suggests potential for both resource expansion and grade improvement, benefiting the project economics.
Broad Drilling Confirms Growth Potential
- The latest 14 holes confirm high-grade mineralization both down dip and near surface.
- These results support converting ounces for the next project phase and indicate resource growth potential.