VANCOUVER, British Columbia, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the “Company”) (TSX-V: NCAU) is pleased to announce an updated, pit constrained, National Instrument 43-101 (“NI 43-101”) Mineral Resource Estimate for the Company’s 100% owned Enchi Gold Project (“Enchi” or the “Project”), in southwestern Ghana. Enchi hosts an Inferred Mineral Resource of 52.9 million tonnes grading 0.72 g/t Au containing 1.22 million ounces gold (see Table 1 below). Compared to the pit constrained mineral resources used in the Enchi Preliminary Economic Assessment (“PEA”) with an effective date of June 30, 2015, the updated resource has added an additional 503,000 ounces gold for a 70% increase in Inferred resources. The Enchi PEA contemplated an open pit, heap leach gold operation (see Newcore news release dated November 6, 2019). The 2015 PEA is no longer current and as such should not be relied upon. The updated Mineral Resource Estimate was prepared by independent qualified person (“QP”) Todd McCracken, P. Geo. of WSP Canada Inc. (“WSP”).
Newcore Gold Announces Significant Increase to the Enchi Gold Project Mineral Resource Estimate
Sep 14, 2020
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