Newcore Gold Ltd. Reports Significant Drill Results at Enchi Gold Project, Ghana

Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) announced on 8 April 2026 that the company’s diamond drilling program at the Enchi Gold Project in southwest Ghana has intersected high‑grade gold zones. The results were reported by IRW‑Press and subsequently distributed through multiple financial news outlets, including feeds.feedburner.com, www.finanznachrichten.de , www.onvista.de , and www.boersen-zeitung.de .

Drill Results

  • SWDD107 – 1.59 g/t gold over a 15.5‑metre interval, with a 3.22 g/t gold over a 6.4‑metre sub‑interval. The intersection begins at a depth of 147.5 m.
  • SWDD112 – 0.69 g/t gold over a 41.0‑metre interval at 21.5 m depth, with a 1.00 g/t gold over a 10.5‑metre sub‑interval at the surface and a 0.41 g/t gold over a 5.0‑metre interval further below.

The company described these intersections as “broad zones of near‑surface oxidised gold mineralisation” that lie above the estimated resource and beyond the boundaries of the current mineable footprint. The results are part of a 60 000‑metre drilling program underway at Enchi.

Company Context

Newcore Gold Ltd. is an advanced‑stage gold exploration and development company listed on the TSX Venture Exchange. Its primary project is the Enchi Gold Project in Ghana, where it seeks to expand the known gold resource and ultimately advance to a commercial mine. The company’s market capitalisation is approximately 165.99 million CAD, and its share price as of 6 April 2026 closed at 0.595 CAD. The 52‑week high and low were 0.92 CAD and 0.51 CAD, respectively, reflecting a price range that has remained relatively narrow. The price‑earnings ratio is negative at –38.09, indicating that the company is not yet generating earnings.

Implications

The high‑grade gold intercepts reported by Newcore Gold support the viability of the Enchi project and provide a basis for future resource estimation work. If the broader zones identified by the drilling are confirmed through additional sampling and modelling, they could enhance the project’s economic prospects and potentially accelerate the timeline for a feasibility study and mine development.

The company has indicated that further drilling results are forthcoming, and that a preliminary feasibility study (PFS) is expected in June 2026. Investors and analysts will likely monitor the subsequent updates closely, as they may influence the company’s valuation and share price movement.

Sources: IRW‑Press, feeds.feedburner.com, www.finanznachrichten.de , www.onvista.de , www.boersen-zeitung.de , www.globenewswire.com , www.minenportal.de