Newcore Gold Announces Appointment of Alan Pangbourne as Strategic Advisor
NEWS RELEASE
Suite 1560 - 200 Burrard Street www.newcoregold.com
Vancouver, British Columbia V6C 3L6 [email protected]
Newcore Gold Announces Appointment of Alan Pangbourne
as Strategic Advisor
November 7, 2024 TSX-V: NCAU, OTCQX: NCAUF
Vancouver, BC – 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 identif ying 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."
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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 km 2 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 kilomet res 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
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 even ts 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 phras es, 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 informa tion 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 an d 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, am ong others: risks related to the speculative nature of Newcore’s
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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 c urrency markets (such as the Canadian dollar to
United States dollar exchange rate); change in national and local government, legislation, tax ation,
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 pr ove 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.