Newcore Gold - 2025/2026 Growth Plans: $15M Financing, Expanded Drill Program & PFS Plans
Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU - OTCQX:NCAUF) joins me to break down the company’s recent $15 million financing, expanded 35,000-meter drill program, and the path to delivering a pre-feasibility study (PFS) in 2026.
Newcore Gold’s stock has been performing well, particularly in March, on the back of several key announcements. The company initially targeted $12 million in its financing but raised $15 million due to strong institutional demand, including long-only precious metals and resource-focused investors. With $17 million in cash on hand and another $14 million in in-the-money warrants and options, Newcore is well-positioned to fund exploration and development over the next few years.
With this financial strength, Newcore has significantly expanded its drill program from 10,000 meters to 35,000 meters. The company is now targeting deeper drilling (down to 200–300 meters) to define high-grade structures, while also testing new pre-resource exploration targets across its 248-square-kilometer district. Several high-grade intercepts have already been reported.
Beyond drilling, the company is actively progressing toward an updated resource estimate and PFS, with additional work underway, including hydrology, geotechnical studies, metallurgical testing, and environmental assessments. The PFS is expected to be commissioned in H2 2025 and published in H1 2026.
If you have any follow up questions for Luke please email me at Fleck@kereport.com.
