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Newcore Gold Announces Appointment of Alan Pangbourne as Strategic Advisor

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Newcore Gold has appointed Alan Pangbourne as Strategic Advisor to advance the Enchi Gold Project. Pangbourne brings over 35 years of mining sector experience, currently serving as Non-Executive Director for OceanaGold and Chesapeake Gold. His extensive background includes roles as CEO of Guyana Goldfields, COO of SSR Mining, and VP Projects South America for Kinross Gold. The appointment aims to support Newcore's pre-feasibility study commissioning and ongoing drilling operations at the Ghana-based project. Pangbourne's expertise in mine construction, operations, and heap leach processing is expected to be valuable for unlocking the project's potential.

Newcore Gold ha nominato Alan Pangbourne come Consigliere Strategico per far avanzare il Progetto Gold Enchi. Pangbourne porta con sé oltre 35 anni di esperienza nel settore minerario, attualmente ricoprendo il ruolo di Direttore Non Esecutivo per OceanaGold e Chesapeake Gold. La sua vasta esperienza include ruoli come CEO di Guyana Goldfields, COO di SSR Mining e VP Progetti per il Sud America di Kinross Gold. Questa nomina mira a supportare la commessa dello studio di pre-fattibilità e le operazioni di perforazione in corso nel progetto situato in Ghana. Si prevede che l'esperienza di Pangbourne nella costruzione di miniere, nelle operazioni e nel processo di estrazione per agglomerazione sarà preziosa per sbloccare il potenziale del progetto.

Newcore Gold ha nombrado a Alan Pangbourne como Asesor Estratégico para avanzar en el Proyecto Enchi Gold. Pangbourne aporta más de 35 años de experiencia en el sector minero, actualmente ejerciendo como Director No Ejecutivo para OceanaGold y Chesapeake Gold. Su amplia trayectoria incluye roles como CEO de Guyana Goldfields, COO de SSR Mining y VP de Proyectos para América del Sur en Kinross Gold. El nombramiento tiene como objetivo apoyar la realización del estudio de prefactibilidad y las operaciones de perforación en curso en el proyecto ubicado en Ghana. Se espera que la experiencia de Pangbourne en construcción de minas, operaciones y procesamiento por lixiviación en pila sea valiosa para desbloquear el potencial del proyecto.

뉴코어 골드앨런 팽본을 전략 고문으로 임명하여 엔치 골드 프로젝트를 진행시킵니다. 팽본은 35년 이상의 광업 경험을 가지고 있으며, 현재 오시아나골드 및 체사피크 골드의 비상임 이사로 재직 중입니다. 그의 광범위한 배경에는 가이아나 골드필드의 CEO, SSR 마이닝의 COO, 킨로스 골드의 남미 프로젝트 VP 등의 역할이 포함되어 있습니다. 이번 임명은 뉴코어의 예비 타당성 조사와 가나에 있는 프로젝트의 지속적인 시추 작업을 지원하기 위한 것입니다. 팽본의 광산 건설, 운영 및 힙 리치 처리에 대한 전문 지식이 프로젝트의 잠재력을 열기 위해 소중할 것으로 기대됩니다.

Newcore Gold a nommé Alan Pangbourne en tant que conseiller stratégique pour faire avancer le projet Enchi Gold. Pangbourne possède plus de 35 ans d'expérience dans le secteur minier, exerçant actuellement en tant que directeur non exécutif pour OceanaGold et Chesapeake Gold. Son extensive expérience comprend des rôles en tant que PDG de Guyana Goldfields, COO de SSR Mining et VP des projets pour l'Amérique du Sud chez Kinross Gold. Cette nomination vise à soutenir la mise en œuvre de l'étude de préfaisabilité de Newcore et les opérations de forage en cours sur le projet basé au Ghana. L'expertise de Pangbourne en construction minière, opérations et traitement par lixiviation en tas devrait être précieuse pour exploiter le potentiel du projet.

Newcore Gold hat Alan Pangbourne zum strategischen Berater ernannt, um das Enchi Gold Projekt voranzutreiben. Pangbourne bringt über 35 Jahre Erfahrung im Bergbausektor mit und ist derzeit als nicht geschäftsführender Direktor bei OceanaGold und Chesapeake Gold tätig. Sein umfangreicher Hintergrund umfasst Positionen als CEO von Guyana Goldfields, COO von SSR Mining und VP für Projekte in Südamerika bei Kinross Gold. Die Ernennung soll die Durchführung der Machbarkeitsstudie von Newcore und die laufenden Bohrarbeiten an dem in Ghana ansässigen Projekt unterstützen. Pangbournes Expertise in Bergbaukonstruktion, Betrieb und Haufenlaugungsverfahren wird als wertvoll für die Ausschöpfung des Potenzials des Projekts angesehen.

Positive
  • Strategic advisor appointment brings extensive mining sector expertise
  • Advancement towards pre-feasibility study commissioning
  • Ongoing drilling operations and development work in progress
  • Project has potential for long-life gold camp with higher-grade sulphide potential
Negative
  • None.

VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce the appointment of Mr. Alan Pangbourne as a Strategic Advisor to the Company. Mr. Pangbourne has more than 35 years of experience in the mining sector, and currently serves as Non-Executive Director for OceanaGold Corporation as well as Non-Executive Director for Chesapeake Gold Corp.

Mr. Alan Pangbourne has over 35 years of management and senior operational experience in the mining sector, with industry expertise in operations, engineering and major project development, along with a successful track record of M&A. He was most recently the President and CEO of Guyana Goldfields Inc. from January 2020 through to its sale to Zijin Mining Group Co., Ltd. in August 2020. Mr. Pangbourne’s extensive industry experience includes Chief Operating Officer of SSR Mining Inc.; Vice President Projects South America for Kinross Gold Corporation; and before that several increasingly senior roles over 15 years at BHP Billiton Ltd., including President and Chief Operating Officer of Nickel Americas, Projects Director for BHP’s Uranium Division (including the Olympic Dam Expansion), and Project Manager for BHP’s Spence copper project in Chile. He was also General Manager at an engineering company that specialized in gold heap leach and carbon-in-pulp plants. Mr. Pangbourne holds a Bachelor of Applied Science (Extractive Metallurgy) and a Graduate Diploma in Mineral Processing from the Western Australia School of Mines.

Luke Alexander, President and CEO of Newcore stated, "We are thrilled to welcome Alan to our team as a Strategic Advisor. Alan’s extensive industry experience, including his mine construction and operations experience as well as knowledge of heap leach processing, will be an invaluable asset as we advance our Enchi Gold Project towards commissioning of a pre-feasibility study. With drilling underway at site, along with advancement of low-cost de-risking development work, we are looking forward to a busy year ahead as we continue to prove out the significant potential of our district scale Enchi Gold Project in Ghana."

Alan Pangbourne, Strategic Advisor to Newcore stated, "I am delighted to be joining the Newcore team as a Strategic Advisor, after identifying Newcore’s Enchi Gold Project as an exceptional district scale project with near-term production potential in a pro-development mining jurisdiction. I look forward to supporting the team in continuing to unlock the value potential at Newcore, and I am excited about the prospect for Enchi to host a long-life gold camp with the longer-term opportunity to unlock further value from the higher-grade sulphide potential at depth. I am excited to support the Company in creating value for all shareholders and stakeholders given the tremendous opportunity that exists at the Enchi Gold Project."

About Newcore Gold Ltd.

Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer (1). Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 18% equity ownership, and prime district scale exploration opportunities. Enchi’s 248 km2 land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several multi-million-ounce gold deposits, including the Chirano mine 50 kilometres to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.

(1) Source: Production volumes for 2023 as sourced from the World Gold Council.

On Behalf of the Board of Directors of Newcore Gold Ltd.

Luke Alexander
President, CEO & Director

For further information, please contact:

Mal Karwowska | Vice President, Corporate Development and Investor Relations
+1 604 484 4399
info@newcoregold.com
www.newcoregold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes statements that contain "forward-looking information" within the meaning of the applicable Canadian securities legislation ("forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: statements about the estimation of mineral resources; results of preliminary economic assessments; completion of a pre-feasibility study; results of metallurgical testwork; results of our ongoing drill campaign; results of drilling, magnitude or quality of mineral deposits; anticipated advancement of mineral properties or programs; and future exploration prospects.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. The assumptions underlying the forward-looking statements are based on information currently available to Newcore. Although the forward-looking statements contained in this news release are based upon what management of Newcore believes, or believed at the time, to be reasonable assumptions, Newcore cannot assure its shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking information also involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the speculative nature of Newcore’s business; Newcore’s formative stage of development; Newcore’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold and other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, unusual or unexpected geological formations); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Forward-looking statements contained herein are made as of the date of this news release and Newcore disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.


FAQ

Who did Newcore Gold (NCAUF) appoint as Strategic Advisor in November 2024?

Newcore Gold appointed Alan Pangbourne as Strategic Advisor in November 2024.

What is Alan Pangbourne's experience in the mining industry?

Alan Pangbourne has over 35 years of mining sector experience, including roles as CEO of Guyana Goldfields, COO of SSR Mining, and VP Projects South America for Kinross Gold.

What is the current status of Newcore Gold's Enchi Gold Project?

The Enchi Gold Project is advancing towards pre-feasibility study commissioning with ongoing drilling operations and low-cost de-risking development work.

Where is Newcore Gold's Enchi Gold Project located?

The Enchi Gold Project is located in Ghana.

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