08:54 AM EDT, 03/12/2026 (MT Newswires) -- Newcore Gold ( NCAUF ) on Thursday said that it has increased its current drill program to 60,000 meters at the Enchi Gold Project, Ghana, with three active drill rigs on site.

The company said that it is increasing its current drill program on the back of the "success achieved to date" with drilling at its Enchi Gold Project in Ghana, and additional cash proceeds of approximately $10 million from the exercise of warrants that were exercised prior to expiry on Feb. 27, 2026.

"The 60,000 meter drill program underway at Enchi commenced August 2024, targeting near-surface oxide and shallow fresh mineralization," said the company. "The drill program is in its second phase and is focused on discovery and resource growth, including drilling targeting the potential for resource growth along strike at existing deposits along with diamond drilling targeting the higher-grade potential at depth."