Newcore Gold Ltd V.NCAU

Alternate Symbol(s): NCAUF

Metals & Mining Gold

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.