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Newcore's Luke Alexander on Today's Drill Results from Nyam and Kojina Hill Deposits
Apr 22, 2025
Luke Alexander, CEO of Newcore Gold, shares exciting insights into the latest drilling results at the Nyam Gold Deposit, highlighting high-grade intercepts. He discusses plans for deeper exploration to convert inferred resources into indicated ones, boosting shareholder value. The conversation also covers the evolving potential of the Kojina Hill Gold Target, where current drilling initiatives are revealing promising mineralization. Alexander emphasizes the importance of these developments for resource growth and future feasibility studies.
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Quick takeaways
- Newcore Gold's recent drill results from the NIAM deposit indicate high-grade intercepts, aiming to significantly increase resource valuation from 740,000 to 1.3 million ounces of gold.
- Exploration at the Kojina Hill target has produced promising results, potentially expanding the mineralized footprint and facilitating future resource classification efforts for Newcore Gold.
Deep dives
Drilling Progress at NIAM Gold Deposit
Nucor Gold has reported significant drilling results from the NIAM Gold Deposit, revealing intercepts such as 15 meters at a grade of 2.5 grams per ton and 10 meters at 3 grams per ton. These results stem from a drilling campaign that aims to expand on the previously identified resource and includes a total of 40% of the planned 35,000 meters drilled thus far. The company is focusing on shallower horizons while also planning deeper drilling to explore high-grade feeder zones identified in previous campaigns. The goal is to convert inferred resources into indicated categories, targeting an increase from 740,000 to approximately 1.3 million ounces of gold, which would positively impact resource valuation.
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