There's a singular driving purpose here—make money for our shareholders, which includes management at 24%.
Luke Alexander, President & CEO
Engineering a Better Gold Company
Since taking the helm at Newcore in May, 2020, many of my industry associates have asked what drew me to this opportunity. Why divert from a successful investment banking career to join a junior mining company?
For me, the answer is easy—this is not a typical junior mining company. In fact, there’s hardly anything typical or junior about it.
A Singular, Driving Purpose
I joined an elite group I know well, and we’re here to build a gold business. There’s a singular driving purpose here—make money for our shareholders, which includes management at 24%. Nobody is in this for a job. We’re here to build value.
The Advantage of Strength
The fundamental characteristic of this company is strength. Strength in management, strength in assets, strength in proven success, strength in the team’s ability to raise large amounts of capital, make decisions and execute quickly on opportunities.
Enchi and the Advantages of Ghana
Our near-term focus is to expand resources at the Enchi Gold Project in Ghana. Enchi, with over a million ounces of inferred gold resources, lies along one of West Africa’s most prolific and developed gold trends. Ghana is a modern mining powerhouse, number one for gold in Africa, with a democratic government that wants mining to grow and thrive. The industry pumps millions into Ghana’s tax base. We’re very glad we’re here.
Then and Now: PEA and Beyond
Newcore launched in mid-2014 as Pinecrest Resources and soon acquired Enchi from Edgewater Exploration and Red Back Mining. Management worked fast, completing a positive PEA in spring of 2015 (the 2015 PEA is no longer current and as such should not be relied upon). But as gold languished over the following years and the team focused its efforts on building Newmarket Gold and Calibre Mining, exploration was limited mostly to a small drill program in 2017.
With renewed focus by the team, and gold now over US$1,700/oz and drawing worldwide investor attention, we’re focused on realizing this property’s exceptional potential through aggressive exploration.
I look forward to working with the exceptional team at Newcore Gold to build a successful company and one that is beneficial for all our shareholders.
President & CEO.