Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Newcore Gold ( (TSE:NCAU) ) has issued an update.
Newcore Gold has reported the first diamond drill results from its ongoing 45,000-metre program at the Enchi Gold Project’s Boin deposit in Ghana, highlighted by a very high-grade intercept of 173.75 g/t gold over 1.0 metre and a broader interval of 3.54 g/t gold over 23.0 metres at depths of roughly 250–260 metres. The drilling, which is targeting fresh mineralization in two high-grade zones at depth and represents the deepest holes completed on the project to date, confirms that Boin remains open below the previously tested 100-metre level and underscores the potential to expand higher-grade resources across Enchi, reinforcing the company’s view that the underexplored property offers substantial upside in a district known for large, deep gold systems.
The most recent analyst rating on (TSE:NCAU) stock is a Hold with a C$0.64 price target. To see the full list of analyst forecasts on Newcore Gold stock, see the TSE:NCAU Stock Forecast page.
Spark’s Take on TSE:NCAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:NCAU is a Neutral.
The score is primarily held down by weak financial performance (no revenue, recurring losses, and sustained negative free cash flow). A debt-free balance sheet and recent positive Enchi drilling updates provide some support, while technical signals are broadly neutral and valuation remains challenged due to negative earnings.
To see Spark’s full report on TSE:NCAU stock, click here.
More about Newcore Gold
Newcore Gold Ltd. is a Vancouver-based gold exploration company focused on advancing its 100%-owned Enchi Gold Project in Ghana. The project lies along the Sefwi-Bibiani gold belt, a prolific West African gold district that also hosts large-scale mines such as Newmont’s Ahafo and Asante Gold’s Bibiani and Chirano operations, positioning Enchi within a well-established gold-producing region.
Average Trading Volume: 311,489
Technical Sentiment Signal: Buy
Current Market Cap: C$181.8M
See more data about NCAU stock on TipRanks’ Stock Analysis page.