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Newcore Gold Ltd V.NCAU

Alternate Symbol(s):  NCAUF

Newcore Gold Ltd. is a Canada-based gold producer. The Company is engaged principally in the advancement and development of its 100% owned Enchi Gold Project (Enchi or the Project) in southwest Ghana. The Enchi Gold Project is located in southwest Ghana, along the eastern margin of the Sefwi gold belt that hosts multimillion ounce producing mines. Enchi includes six prospecting licenses and three license applications comprising a total of 248 square kilometers (km2) land package. The Project hosts an Indicated Mineral Resource of 41.7 million tonnes (Mt) grading 0.55 grams per tonne gold (g/t Au) containing 743,500 ounces of gold of an Inferred Mineral Resource of 46.6 Mt grading 0.65 g/t Au containing 972,000 ounces gold. Enchi’s 248 km2 land package covers 40 kilometers of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several multi-million-ounce gold deposits, including the Chirano mine 50 kilometers to the north.


TSXV:NCAU - Post by User

Bullboard Posts
Post by Nikolaion May 15, 2006 8:01pm
141 Views
Post# 10854297

"Peru's Garcia could lead anti-Chavez camp"

"Peru's Garcia could lead anti-Chavez camp"https://www.orlandosentinel.com/news/opinion/orl-opp15106may15,0,4900208.story?coll=orl-opinion-headlines Peru's Garcia could lead anti-Chavez camp Andres Oppenheimer | Knight Ridder Newspapers Posted May 15, 2006 Here's one of the biggest ironies of Latin America's current history: Alan Garcia, the populist-leftist former Peruvian president who suspended his country's foreign-debt payments and nationalized the banking industry in the mid-1980s, may become the leading regional critic of Venezuela's firebrand socialist, President Hugo Chavez. If somebody had forecast this only a few months ago, it would have been seen by most political analysts as a joke. Indeed, Garcia, the leading candidate for Peru's June 4 runoff elections, is a persuasive speaker -- his critics call him a snake-oil salesman -- who has long been seen as the quintessential Latin American populist. At the beginning of his 1985-90 term, he lashed out against the Peruvian oligarchy and the International Monetary Fund, gaining wild applause at home. But investors fled the country, the economy collapsed, inflation rose to 7,500 percent a year and unemployment soared. When Garcia left office, he had a 5 percent approval rate, and had to flee the country amid a barrage of corruption charges. When I interviewed Garcia for an hour recently for a soon-to-be-televised interview, I could barely believe what I was hearing: Garcia is not only trying to bring about a political resurrection as a moderate who cites Chile's pro-free market leftist government as one of his top role models, but is using his extraordinary oratory skills to lash out against what he calls the "Chavez imperialism" in Latin America. Chavez has an "obsessive" compulsion for the limelight and a habit "of meddling and imposing his outdated model on us, a model that is only supported by the amount of money he has," Garcia told me. "Without the millions of dollars in oil revenues that he has, I don't think he could talk the way he does." According to the Peruvian candidate, Chavez is using his oil revenues to carry out a geopolitical "domino strategy" in Latin America, aimed at encircling U.S.-backed Colombia with "Chavista republics." Once Chavez realized that Bolivia has a near monopoly on natural-gas sales to Brazil, "he promoted Bolivia's nationalization of the gas industry, to put Brazil, and by extension Argentina, against the ropes," Garcia said, referring to Chavez-backed Bolivian President Evo Morales' May 1 nationalization of the gas industry. "Now, the domino is headed toward Peru," Garcia continued. "If Peru falls under the influx of the Chavista republics, the next step will be Ecuador, which is economically weaker and thus more vulnerable. And, finally, Mr. Chavez will be able to isolate Colombia, which is the ultimate goal of this entire plan." Granted, Garcia's criticism of Chavez is probably a calculated move to win centrist and right-of-center votes in the June 4 election. And it was also partly motivated by the Venezuelan president's repeated public endorsements of Garcia's rival in Peru's upcoming election, Ollanta Humala, a leftist-nationalist former lieutenant colonel who -- much like Chavez -- first gained national attention by heading a military rebellion and later ran for office. And there are other reasons to wonder whether Garcia's political resurrection as a moderate is sincere. As recently as a March 27 speech, Garcia said that his party, known by its acronym APRA, "stands for anti-imperialism, stands for anti-colonialism, stands for the struggle against (free market) neo-liberalism. Therefore, we will try to change the economic model, to put it at the service of the majority of the people." Isn't that old-style, Chavez-like populism? I asked him. Garcia answered with characteristic slickness, "Not at all. I am anti-imperialist because I don't like the American presence in Iraq and because I don't like Chavez's presence with his oil and his money in Peru. That's being anti-imperialist." My conclusion: The bad news is that, as weird as it sounds, Peruvians decided in the April 9 election that Garcia -- rather than other candidates with a less questionable past -- will be Humala's challenger in the runoff vote. The good news is that, if Garcia wins, he may lead a Latin American reaction against Chavez's "imperialism." If there is one Latin American politician with the rhetorical skills to challenge Chavez's daily verbal salvos, it's Peru's Garcia. Andres Oppenheimer can be reached at aoppenheimer@miamiherald.com.
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