Modern Mining March 2025

W ith an eye to advancing its flagship asset – the Enchi Gold Project in Ghana – to a construction decision, Canadian gold exploration and development company, Newcore Gold’s immediate focus is on taking its asset up the value curve, in readiness for the start of a prefeasibility study (PFS) in 2025, CEO Luke Alexander tells Modern Mining . Located on one of Ghana’s two prolific gold producing belts, the Enchi project is situated in the southwest of the country along the Bibiani Shear Zone. Southern Ghana is considered one of the world’s most productive regions for gold discoveries, with gold majors such as Newmont, Gold Fields and AngloGold Ashanti, enjoying success in the region. The Enchi project is a 1.7-million-ounce asset in a district hosting several gold deposits greater than 5 million ounces. The project stretches along more than 40 km of the Bibiani Shear Zone. According to Alexander, 2025 will be a busy year aligned with completing work for a PFS, of which drilling is a key component. “We continue to target both resource conversion and resource expansion and other project de-risking elements, including metallurgical test work, hydrological, geotechnical as well as environmental and social baseline work. We plan to complete these key aspects by the end of next year.” Spotlight on drilling The district-scale Enchi project has identified five deposits and an additional four mineralised zones and prioritised over 20 additional targets for further investigation. Newcore’s multi-pronged exploration approach outlined potential resource growth along strike at all five deposits (Sewum, Boin, Nyam, Kwakyekrom, Tokosea). According to Alexander, the property, which covers 248 km2 along underexplored and untested. To date, Newcore Gold has identified more than 20 pre-resource targets across its property with less than 10% being explored. All deposits and targets remain open along strike and at depth, with potential for resource growth in both shallow oxides and within the deeper sulphide mineralisation. “The average vertical depth of the pits is only down to 75 metres, which means we have only scratched the surface in terms of unlocking the huge opportunity that the project offers long-term. From an exploration perspective, there are several Greenfield targets a prolific gold belt, offers large exploration upside. The exploration opportunity at Enchi remains largely

MARCH 2025 | www.modernminingmagazine.co.za  MODERN MINING  13