Mining Stock Daily 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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NIAM Drilling and Resource Growth
- Newcore's drilling campaign at NIAM has released only a small portion of results so far, with more extensive data to come.
- The company is successfully converting inferred resources to indicated, aiming for over 1.3 million ounces for a robust PFS.
NIAM Depth Potential
- NIAM mineralization extends below the current resource pit and remains open at depth.
- Newcore plans deeper drilling in this campaign to test high-grade zones identified earlier.
NIAM Indicated Resource Target
- Internal work suggests Newcore is on track to increase indicated ounces at NIAM from 740,000 to 1.3 million.
- Achieving this could support a stronger, less risky feasibility study and drive a valuation re-rate.