Mining Stock Daily Newcore's VP of Exploration Provides Insights into the Ongoing Drill Program at Enchi
Apr 29, 2025
Greg Smith, the Vice President of Exploration at Newcore Gold, dives into the thrilling details of the ongoing drilling program at the Enchi project in Ghana. He shares insights on converting inferred resources to indicated ones, revealing exciting results that suggest more mineralization than expected. The discussion highlights the challenges faced, the strategy for upcoming drilling efforts, and the critical $15 million funding aimed at expanding exploration. Overall, enthusiasm fills the air as they explore the potential future of the project.
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Converting and Extending Resources
- The main goal of the drill program is to convert inferred resources to indicated resources for the pre-feasibility study.
- As they drill, they are also discovering extensions of mineralization beyond previous limits, potentially increasing total resources.
Early Signs at Kajina Hill
- New drill results from Kajina Hill show encouraging gold intercepts despite wide drill spacing.
- Further drilling is needed to define resources definitively in these expansion areas.
Better Than Expected Drilling Results
- The infill drilling program has delivered better-than-expected average widths and grades.
- This positively impacts the potential to grow the overall resource beyond initial targets.