Newcore Gold Reports Bonanza Grade of 184 g/t at Enchi as Drilling Momentum Builds

Newcore Gold is on a tear, with shares up 125% year-over-year and a growing market cap of C$165 million, as it aggressively advances its 35,000-meter drill program in Ghana’s gold-rich terrain. Speaking with Kitco Mining’s Paul Harris at the 2025 Beaver Creek Summit, CEO Luke Alexander breaks down what’s driving investor interest—and why the next phase could deliver even bigger upside.

Alexander says the junior mining sector is seeing renewed capital flows, and Newcore is well-positioned after completing a C$15 million upsized financing in February. With 55% institutional ownership, strong insider alignment, and steady warrant inflows, the company is pushing toward a Pre-Feasibility Study in H1 2026 at the Enchi Gold Project.

Drilling has already returned standout results, including 184 grams per tonne over one meter and over 3 g/t from surface across 10 meters. The first 25,000 meters focused on converting ounces from Inferred to Indicated, while the final 10,000 meters is targeting expansion, depth, and high-grade feeder zones.

Alexander notes that ongoing drill results, potential resource updates, and the 2026 PFS are key near-term catalysts—all backed by a clear strategy to grow Enchi into one of Ghana’s next major gold assets.

Follow Kitco Mining for more coverage from the 2025 The Precious Metals Summit Beaver Creek.

00:28 Market Trends and Junior Miners
01:51 Institutional Interest and Financing
04:01 Trading and Capital Structure
06:43 Drilling Programs and Resource Expansion
14:06 Gold Price Impact and Future Plans
18:21 Operating in Ghana
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