{"success":true,"data":{"pressRelease":{"id":"51781","rtpr_id":"nGNX4w6hvT","ticker":"NCAU","exchange":"","all_tickers":["NCAU"],"title":"Newcore Gold Increases Drill Program to 80,000 Metres at the Enchi Gold Project, Ghana","author":"Globe Newswire","published_at":"2026-06-02T10:02:00.097Z","article_body":"VANCOUVER, British Columbia, June 02, 2026 (GLOBE NEWSWIRE) -- Newcore Gold\nLtd. (\"Newcore\" or the \"Company\") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to\nannounce that on the back of the success achieved to date with drilling at the\nCompany’s Enchi Gold Project (\"Enchi\" or the \"Project\") in Ghana, and the\ncompletion of a $15 million equity financing, the Company has expanded its\nongoing drill program to 80,000 metres. The expanded drill program, with four\nactive drill rigs on site, will focus on resource conversion, resource growth\nand discovery drilling.\n\nLuke Alexander, President and CEO of Newcore stated, \"We are excited to be\nincreasing the size of the drill program at our Enchi Gold Project in Ghana on\nthe back of a successful equity financing that had strong support from both\nnew and existing institutional shareholders, along with management and the\nBoard of Directors. We would like to thank shareholders for their continued\nsupport. This expanded drill program also reflects the success of drilling\nwhich continues to highlight the potential for resource growth at Enchi,\nincluding most recently with drilling encountering high-grade gold\nmineralization within the structures at depth. We are well positioned to\nfurther accelerate development of the Project, with the completion of a\nPre-Feasibility Study on track for later this month, this expanded drill\nprogram will continue to advance and de-risk the Project through development\nand longer-term resource growth.\"\n\nGreg Smith, Vice President of Exploration of Newcore stated, \"Drilling\ncompleted to date at our Enchi Gold Project in Ghana continues to demonstrate\nstrong continuity and wide zones of gold mineralization both along strike and\nat depth at all our existing deposits, while also highlighting the high-grade\npotential along with the broader district scale potential of the Project. I am\nexcited to keep the drill rigs turning given the success we have had with this\ndrill program, including some of our highest-grade intercepts to date on the\nProject and the first visible gold encountered through drilling earlier this\nyear. With four active drill rigs on site, we will continue to systematically\nadvance multiple targets in parallel across the property through resource\nexpansion and discovery with a focus on defining the longer-term resource\ngrowth potential that we believe exists on our district scale property.\"\n\nEnchi Work Program\n\nThe 80,000 metre drill program underway at Enchi commenced August 2024 is\nfocused on resource conversion, resource growth and discovery. Reverse\nCirculation (\"RC\") drilling is targeting near-surface mineralization (oxide,\ntransition, and shallow fresh mineralization) focused on resource conversion\nand continuing to define the potential for resource growth along strike at\nexisting deposits, with diamond drilling directed at the high-grade potential\nat depth. The completed first phase of the drill program was infill drilling\nfor resource conversion, with the first 28,000 metres of the drill program\nincorporated into an updated Mineral Resource Estimate announced on March 18,\n2026\n(https://newcoregold.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-project-ghana-2026/)\nthat more than doubled the Indicated Mineral Resource. All deposit areas and\npre-resource targets at Enchi remain open along strike and at depth, providing\nfor future resource growth across the district-scale property.\n\nIn addition to drilling, a Pre-Feasibility Study (\"PFS\") is underway and\ntargeted for completion by the end of June 2026 (see news release dated\nFebruary 5, 2026\n(https://newcoregold.com/news/newcore-gold-commissions-pre-feasibility-study-for-its-enchi-gold-project-ghana/)),\nalongside on-going development work in support of project advancement at Enchi\nwhich includes metallurgical testwork, hydrogeological testing, geotechnical\nwork, and environmental work.\n\nGrant of Equity Incentive Awards\n\nNewcore has granted 1,340,000 restricted share units (\"RSUs\") to employees,\nconsultants and executives of the Company. The RSUs are granted under the\nCompany’s long-term incentive plan and will vest over a three-year period\nwith one-third vesting after each 12-month period.\n\nAbout Newcore Gold Ltd.\n\nNewcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s\nlargest gold producer( (1)). Newcore Gold offers investors a unique\ncombination of top-tier leadership, who are aligned with shareholders through\ntheir 12% equity ownership, and prime district scale exploration\nopportunities. Enchi’s 248 km(2) land package covers 40 kilometres of\nGhana’s prolific Bibiani Shear Zone, a gold belt which hosts several\nmulti-million-ounce gold deposits, including the Chirano mine 50 kilometres to\nthe north. Newcore’s vision is to build a responsive, creative and powerful\ngold enterprise that maximizes returns for shareholders.\n((1) Source: Production volumes for 2024 as sourced from the World Gold\nCouncil.)\n\nOn Behalf of the Board of Directors of Newcore Gold Ltd.\n\nLuke Alexander\nPresident, CEO & Director\n\nFor further information, please contact:\n\nMal Karwowska | Vice President, Corporate Development and Investor Relations\n+1 604 484 4399\ninfo@newcoregold.com \nwww.newcoregold.com  \n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release includes statements that contain \"forward-looking\ninformation\" within the meaning of the applicable Canadian securities\nlegislation (\"forward-looking statements\"). All statements, other than\nstatements of historical fact, are forward-looking statements and are based on\nexpectations, estimates and projections as at the date of this news release.\nAny statement that involves discussion with respect to predictions,\nexpectations, beliefs, plans, projections, objectives, assumptions, future\nevents or performance (often, but not always using phrases such as \"plans\",\n\"expects\", \"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\",\n\"intends\", \"anticipates\", or \"believes\" or variations (including negative\nvariations) of such words and phrases, or state that certain actions, events\nor results \"may\", \"could\", \"would\", \"might\" or \"will\" be taken, occur or be\nachieved) are not statements of historical fact and may be forward-looking\nstatements. In this news release, forward-looking statements relate, among\nother things, to: statements about the estimation of mineral resources;\nresults of preliminary economic assessments; timing, content and completion of\na pre-feasibility study; proposed development plans for the Company; results\nof metallurgical testwork; results of our ongoing drill campaign; results of\ndrilling, magnitude or quality of mineral deposits; anticipated advancement of\nmineral properties or programs; and future exploration prospects.\n\nThese forward-looking statements, and any assumptions upon which they are\nbased, are made in good faith and reflect our current judgment regarding the\ndirection of our business. The assumptions underlying the forward-looking\nstatements are based on information currently available to Newcore. Although\nthe forward-looking statements contained in this news release are based upon\nwhat management of Newcore believes, or believed at the time, to be reasonable\nassumptions, Newcore cannot assure its shareholders that actual results will\nbe consistent with such forward-looking statements, as there may be other\nfactors that cause results not to be as anticipated, estimated or intended.\nForward-looking information also involves known and unknown risks,\nuncertainties and other factors which may cause the actual results,\nperformance or achievements of the Company to be materially different from any\nfuture results, performance or achievements expressed or implied by the\nforward-looking information. Such factors include, among others: risks related\nto the speculative nature of Newcore’s business; Newcore’s formative stage\nof development; Newcore’s financial position; possible variations in\nmineralization, grade or recovery rates; actual results of current exploration\nactivities; fluctuations in general macroeconomic conditions; fluctuations in\nsecurities markets; fluctuations in spot and forward prices of gold and other\ncommodities; fluctuations in currency markets (such as the Canadian dollar to\nUnited States dollar exchange rate); change in national and local government,\nlegislation, taxation, controls, regulations and political or economic\ndevelopments; risks and hazards associated with the business of mineral\nexploration, development and mining (including environmental hazards, unusual\nor unexpected geological formations); the presence of laws and regulations\nthat may impose restrictions on mining; employee relations; relationships with\nand claims by local communities; the speculative nature of mineral exploration\nand development (including the risks of obtaining necessary licenses, permits\nand approvals from government authorities); and title to properties.\n\nForward-looking statements contained herein are made as of the date of this\nnews release and Newcore disclaims any obligation to update any\nforward-looking statements, whether as a result of new information, future\nevents or results, except as may be required by applicable securities laws.\nThere can be no assurance that forward-looking information will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. Accordingly, readers should not place\nundue reliance on forward-looking information.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0f0c6c0d-26c2-4bfa-a906-b38106367d91)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4w6hvT","title":"Newcore Gold Increases Drill Program to 80,000 Metres at the Enchi Gold Project, Ghana","author":"Globe Newswire","ticker":"NCAU","created":"2026-06-02T10:02:00.097Z","tickers":["NCAU"],"exchange":"","article_body":"VANCOUVER, British Columbia, June 02, 2026 (GLOBE NEWSWIRE) -- Newcore Gold\nLtd. (\"Newcore\" or the \"Company\") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to\nannounce that on the back of the success achieved to date with drilling at the\nCompany’s Enchi Gold Project (\"Enchi\" or the \"Project\") in Ghana, and the\ncompletion of a $15 million equity financing, the Company has expanded its\nongoing drill program to 80,000 metres. The expanded drill program, with four\nactive drill rigs on site, will focus on resource conversion, resource growth\nand discovery drilling.\n\nLuke Alexander, President and CEO of Newcore stated, \"We are excited to be\nincreasing the size of the drill program at our Enchi Gold Project in Ghana on\nthe back of a successful equity financing that had strong support from both\nnew and existing institutional shareholders, along with management and the\nBoard of Directors. We would like to thank shareholders for their continued\nsupport. This expanded drill program also reflects the success of drilling\nwhich continues to highlight the potential for resource growth at Enchi,\nincluding most recently with drilling encountering high-grade gold\nmineralization within the structures at depth. We are well positioned to\nfurther accelerate development of the Project, with the completion of a\nPre-Feasibility Study on track for later this month, this expanded drill\nprogram will continue to advance and de-risk the Project through development\nand longer-term resource growth.\"\n\nGreg Smith, Vice President of Exploration of Newcore stated, \"Drilling\ncompleted to date at our Enchi Gold Project in Ghana continues to demonstrate\nstrong continuity and wide zones of gold mineralization both along strike and\nat depth at all our existing deposits, while also highlighting the high-grade\npotential along with the broader district scale potential of the Project. I am\nexcited to keep the drill rigs turning given the success we have had with this\ndrill program, including some of our highest-grade intercepts to date on the\nProject and the first visible gold encountered through drilling earlier this\nyear. With four active drill rigs on site, we will continue to systematically\nadvance multiple targets in parallel across the property through resource\nexpansion and discovery with a focus on defining the longer-term resource\ngrowth potential that we believe exists on our district scale property.\"\n\nEnchi Work Program\n\nThe 80,000 metre drill program underway at Enchi commenced August 2024 is\nfocused on resource conversion, resource growth and discovery. Reverse\nCirculation (\"RC\") drilling is targeting near-surface mineralization (oxide,\ntransition, and shallow fresh mineralization) focused on resource conversion\nand continuing to define the potential for resource growth along strike at\nexisting deposits, with diamond drilling directed at the high-grade potential\nat depth. The completed first phase of the drill program was infill drilling\nfor resource conversion, with the first 28,000 metres of the drill program\nincorporated into an updated Mineral Resource Estimate announced on March 18,\n2026\n(https://newcoregold.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-project-ghana-2026/)\nthat more than doubled the Indicated Mineral Resource. All deposit areas and\npre-resource targets at Enchi remain open along strike and at depth, providing\nfor future resource growth across the district-scale property.\n\nIn addition to drilling, a Pre-Feasibility Study (\"PFS\") is underway and\ntargeted for completion by the end of June 2026 (see news release dated\nFebruary 5, 2026\n(https://newcoregold.com/news/newcore-gold-commissions-pre-feasibility-study-for-its-enchi-gold-project-ghana/)),\nalongside on-going development work in support of project advancement at Enchi\nwhich includes metallurgical testwork, hydrogeological testing, geotechnical\nwork, and environmental work.\n\nGrant of Equity Incentive Awards\n\nNewcore has granted 1,340,000 restricted share units (\"RSUs\") to employees,\nconsultants and executives of the Company. The RSUs are granted under the\nCompany’s long-term incentive plan and will vest over a three-year period\nwith one-third vesting after each 12-month period.\n\nAbout Newcore Gold Ltd.\n\nNewcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s\nlargest gold producer( (1)). Newcore Gold offers investors a unique\ncombination of top-tier leadership, who are aligned with shareholders through\ntheir 12% equity ownership, and prime district scale exploration\nopportunities. Enchi’s 248 km(2) land package covers 40 kilometres of\nGhana’s prolific Bibiani Shear Zone, a gold belt which hosts several\nmulti-million-ounce gold deposits, including the Chirano mine 50 kilometres to\nthe north. Newcore’s vision is to build a responsive, creative and powerful\ngold enterprise that maximizes returns for shareholders.\n((1) Source: Production volumes for 2024 as sourced from the World Gold\nCouncil.)\n\nOn Behalf of the Board of Directors of Newcore Gold Ltd.\n\nLuke Alexander\nPresident, CEO & Director\n\nFor further information, please contact:\n\nMal Karwowska | Vice President, Corporate Development and Investor Relations\n+1 604 484 4399\ninfo@newcoregold.com \nwww.newcoregold.com  \n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release includes statements that contain \"forward-looking\ninformation\" within the meaning of the applicable Canadian securities\nlegislation (\"forward-looking statements\"). All statements, other than\nstatements of historical fact, are forward-looking statements and are based on\nexpectations, estimates and projections as at the date of this news release.\nAny statement that involves discussion with respect to predictions,\nexpectations, beliefs, plans, projections, objectives, assumptions, future\nevents or performance (often, but not always using phrases such as \"plans\",\n\"expects\", \"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\",\n\"intends\", \"anticipates\", or \"believes\" or variations (including negative\nvariations) of such words and phrases, or state that certain actions, events\nor results \"may\", \"could\", \"would\", \"might\" or \"will\" be taken, occur or be\nachieved) are not statements of historical fact and may be forward-looking\nstatements. In this news release, forward-looking statements relate, among\nother things, to: statements about the estimation of mineral resources;\nresults of preliminary economic assessments; timing, content and completion of\na pre-feasibility study; proposed development plans for the Company; results\nof metallurgical testwork; results of our ongoing drill campaign; results of\ndrilling, magnitude or quality of mineral deposits; anticipated advancement of\nmineral properties or programs; and future exploration prospects.\n\nThese forward-looking statements, and any assumptions upon which they are\nbased, are made in good faith and reflect our current judgment regarding the\ndirection of our business. The assumptions underlying the forward-looking\nstatements are based on information currently available to Newcore. Although\nthe forward-looking statements contained in this news release are based upon\nwhat management of Newcore believes, or believed at the time, to be reasonable\nassumptions, Newcore cannot assure its shareholders that actual results will\nbe consistent with such forward-looking statements, as there may be other\nfactors that cause results not to be as anticipated, estimated or intended.\nForward-looking information also involves known and unknown risks,\nuncertainties and other factors which may cause the actual results,\nperformance or achievements of the Company to be materially different from any\nfuture results, performance or achievements expressed or implied by the\nforward-looking information. Such factors include, among others: risks related\nto the speculative nature of Newcore’s business; Newcore’s formative stage\nof development; Newcore’s financial position; possible variations in\nmineralization, grade or recovery rates; actual results of current exploration\nactivities; fluctuations in general macroeconomic conditions; fluctuations in\nsecurities markets; fluctuations in spot and forward prices of gold and other\ncommodities; fluctuations in currency markets (such as the Canadian dollar to\nUnited States dollar exchange rate); change in national and local government,\nlegislation, taxation, controls, regulations and political or economic\ndevelopments; risks and hazards associated with the business of mineral\nexploration, development and mining (including environmental hazards, unusual\nor unexpected geological formations); the presence of laws and regulations\nthat may impose restrictions on mining; employee relations; relationships with\nand claims by local communities; the speculative nature of mineral exploration\nand development (including the risks of obtaining necessary licenses, permits\nand approvals from government authorities); and title to properties.\n\nForward-looking statements contained herein are made as of the date of this\nnews release and Newcore disclaims any obligation to update any\nforward-looking statements, whether as a result of new information, future\nevents or results, except as may be required by applicable securities laws.\nThere can be no assurance that forward-looking information will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. Accordingly, readers should not place\nundue reliance on forward-looking information.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0f0c6c0d-26c2-4bfa-a906-b38106367d91)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-02T10:02:00.134667138Z","server_sent_at_ms":1780394520134},"received_at":"2026-06-02T10:02:00.197Z","source_url":null},"analysis":{"id":"41213","press_release_id":"51781","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"operations_update","narrative":"Newcore Gold has expanded its drill program at the Enchi Gold Project in Ghana to 80,000 metres, deploying four active drill rigs.\n\nThis expansion follows the completion of a $15 million equity financing and strong early drilling results that highlighted high-grade gold mineralization at depth.\n\nThe company is on track to complete a Pre-Feasibility Study by the end of June 2026, further de-risking the project as it advances towards development.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Newcore expands Enchi drill program to 80k metres after $15M raise; PFS due June 2026."},"keyFigures":{"customDimensions":{"rsus_granted":1340000,"land_package_km2":248,"active_drill_rigs":4,"drill_program_metres":80000,"equity_financing_usd":15000000}},"quotedText":"We are excited to be increasing the size of the drill program at our Enchi Gold Project in Ghana on the back of a successful equity financing that had strong support from both new and existing institutional shareholders","namedEntities":{"people":[{"name":"Luke Alexander","role":"President and CEO"},{"name":"Greg Smith","role":"Vice President of Exploration"},{"name":"Mal Karwowska","role":"Vice President, Corporate Development and Investor Relations"}],"products":["Enchi Gold Project"],"companies":[{"name":"Newcore Gold Ltd.","ticker":"NCAU","relationship":"filer"},{"name":"TSX Venture Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"$15 million","context":"equity financing completed"}]},"materialImpact":{"score":3,"reasoning":"Significant expansion of the drill program to 80,000 metres following successful early results and a completed $15M equity financing. The company is advancing towards a Pre-Feasibility Study, de-risking the project. This is a standard but positive exploration update for a junior miner."},"tickerRelevance":{"others":[],"primary":"NCAU"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"exploration_update","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Newcore Gold has expanded its drill program at the Enchi Gold Project in Ghana to 80,000 metres, deploying four active drill rigs.\n\nThis expansion follows the completion of a $15 million equity financing and strong early drilling results that highlighted high-grade gold mineralization at depth.\n\nThe company is on track to complete a Pre-Feasibility Study by the end of June 2026, further de-risking the project as it advances towards development.","key_figures":{"customDimensions":{"rsus_granted":1340000,"land_package_km2":248,"active_drill_rigs":4,"drill_program_metres":80000,"equity_financing_usd":15000000}},"named_entities":{"people":[{"name":"Luke Alexander","role":"President and CEO"},{"name":"Greg Smith","role":"Vice President of Exploration"},{"name":"Mal Karwowska","role":"Vice President, Corporate Development and Investor Relations"}],"products":["Enchi Gold Project"],"companies":[{"name":"Newcore Gold Ltd.","ticker":"NCAU","relationship":"filer"},{"name":"TSX Venture Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"$15 million","context":"equity financing completed"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-02T10:04:17.573Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"exploration_update","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":27702,"modelName":"george-droid-qwen-72b"}}