Gold Price and Market Update: Newcore Gold Reports Updated Mineral Resource at Enchi Project in Ghana

Newcore Gold Submits Updated Mineral Resource Estimate for Enchi Gold Project

Newcore Gold Ltd. has shared its updated mineral resource report for the Enchi Gold Project in Ghana. The team produced a technical report by DRA Americas Inc. This report meets NI 43-101 rules and was filed on May 4, 2026. It sits on the SEDAR+ site. The report now forms the base for the pre-feasibility study. That study should close by the end of June 2026. ## Key Highlights of the Updated Mineral Resource Estimate

• Measured and indicated resources have grown past double. They count 83.6 million tonnes at 0.56 grams per tonne of gold. That amount equals about 1.5 million ounces of gold.
• An extra set of inferred resources holds 40.1 million tonnes at 0.49 grams per tonne of gold. This set equals roughly 626,000 ounces of gold.
• The numbers come from a pit-constrained open-pit plan. It assumes a gold price of USD 3,200 per ounce.
• The report includes about 28,000 metres of drilling taken in 2024 and 2025. The full program aims for 60,000 metres.
• Four deposits are in focus: Sewum, Boin, Nyam, and Kwakyekrom. Each shows room for more resource growth, along the strike and at depth.
• The current open-pit depth is only 85 metres. Most drilling has looked at shallow zones. Deeper zones may boost these numbers later.

Implications for Gold Investing and Market Developments

The growth at Enchi matters to the gold market. The project sits in a key area for gold. Technical reports like this affect views on future gold output. The resource numbers use a gold price of USD 3,200 per ounce. That price remains above recent market levels. The report builds a view on project value and fund choices. Ongoing drilling sends a signal of work that might push gold supply up.

Technical Details Supporting Resource Estimates

• The resource numbers come from Ordinary Kriging and Inverse Distance Weighting. They use three-dimensional block models.
• Cutoff grades range from 0.1 to 0.2 grams per tonne of gold. These cutoffs change with rock type and cost ideas.
• Metallurgy uses recovery rates of 85% for oxide and transitional ore. Fresh ore, treated by carbon-in-leach, reaches about 91.7%.
• Mining costs hit roughly USD 1.97 to 3.15 per tonne. Processing and general costs run between USD 8.49 and 19.29 per tonne.

Summary

Newcore Gold’s report on the Enchi Gold Project gives fresh resource numbers for a major gold area. The report shows growth that may boost future gold output. It ties project work with global gold fund trends. The update shows ongoing efforts in drilling and planning. This style connects each word closely, so the ideas stand firm in each short pair.

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