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The latest update is out from Newcore Gold ( (TSE:NCAU) ).
Newcore Gold Ltd. has announced an increase in its drilling program at the Enchi Gold Project in Ghana to 35,000 metres, following successful drilling results and a $15 million equity financing. The expanded program aims to accelerate resource conversion and support a Pre-Feasibility Study, with a focus on both resource growth and exploration of new targets. Recent drilling at the Boin Gold Deposit has revealed multiple zones of shallow gold mineralization, indicating potential for significant resource growth and enhanced project valuation.
More about Newcore Gold
Newcore Gold Ltd. operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its 100% owned Enchi Gold Project in Ghana, aiming to expand its gold resources through extensive drilling programs.
YTD Price Performance: 17.19%
Average Trading Volume: 132,178
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$78.43M
For an in-depth examination of NCAU stock, go to TipRanks’ Stock Analysis page.
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