Newcore Gold Announces Appointment of Vice President, Corporate Development and Investor Relations
NEWS RELEASE
Suite 413 - 595 Burrard Street, P.O. 49167 www.newcoregold.com
Vancouver, British Columbia V7X 1J1 [email protected]
Newcore Gold Announces Appointment of
Vice President, Corporate Development and Investor Relations
September 3, 2020 TSX-V: NCAU
Vancouver, BC – Newcore Gold Ltd. ("Newcore" or the “Company” ) (TSX-V: NCAU) is
pleased to announce the appointment of Mal Karwowska as Vice President, Corporate
Development and Investor Relations, effective September 8, 2020.
Ms. Karwowska has over 12 years of experience in the mining sector, spanning both corporate
development and investor relations roles within publicly listed mining companies, as well as
corporate finance and principal investing. She most recently served as Vice President,
Corporate Development at First Mining Gold Corp. Ms. Karwowska’s prior role s include
Investment Manager at Pacific Road Capital Management, Business Development Director at
Oxygen Capital Corp., and Senior Investment Research Analyst at Boston-based Liberty Metals
& Mining Holdings, LLC. Mal spent the first five years of her care er at National Bank Financial
as a member of the investment banking team, focused on the metals and mining sector. She
holds a Bachelor of Commerce in Finance and Accounting from the Sauder School of Business
at the University of British Columbia.
Luke Alexander, President & CEO of Newcore stated, "We are very excited to welcome Mal to
our executive team. She brings a wealth of capital markets and investor relations experience
to the Newcore team. Her experience, industry contacts and knowledge of the mining sector
will contribute significantly to Newcore’s goal of creating significant value for our
shareholders.”
Newcore has granted 750,000 stock options at a price of $ 0.75 per share for a period of five
years to Ms. Karwowska. These options are subject to regulatory approval and are granted
under the Company’s long-term incentive plan and include vesting provisions.
About Newcore Gold
Newcore Gold is advancing its Enchi Go ld project with a current 1.1 million ounce gold
Inferred1 Resource (37.4 million tonnes grading 0.90 g/t Au) located in Ghana, Africa’s largest
gold producer. Newcore Gold offers investors a unique combination of top -tier leadership,
who are aligned with shareholders through their 39% ownership, and prime distri ct scale
exploration opportunities. Enchi’s 216 square kilometre land package covers 40 kilometres of
Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several 5 million -ounce gold
deposits, including Kinross’ Chirano mine 50 kilometers to the n orth. Newcore’s vision is to
build a responsive, creative and powerful gold enterprise that maximizes returns for
shareholders. For more information please visit www.newcoregold.com.
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Qualified Person
Mr. Gregory Smith, P.Geo, the Vice-President of Exploration of the Company, is the Qualified
Person as defined by NI 43-101, and is responsible for the accuracy of the technical data and
information contained in this news release.
On Behalf of the Board of Directors of Newcore Gold Ltd.
Luke Alexander
President, CEO & Director
For further information, please contact:
Luke Alexander
+1 604 484 4400
www.newcoregold.com
1Notes for Inferred Mineral Resource Estimate:
1. CIM definition standards were followed for the resource estimate.
2. The 2014 resource models used ordinary kriging (OK) grade estimation within a three -dimensional
block model with mineralized zones defined by wireframed solids.
3. A base cut-off grade of 0.5 g/t Au was used for reporting resources with a capping of gold grades
at 18 g/t.
4. A US$1,300/ounce gold price, open pit with heap leach operation was used to determine the cut -
off grade.
5. A density of 2.45 g/cm3 was applied.
6. Numbers may not add exactly due to rounding.
7. Mineral Resources that are not mineral reserves do not have economic viability.
8. Technical Report and Update Resource Estimate on the Enchi Gold Project. Issue Date: July 15, 2014
with Effective Date: March 17, 2014. Prepared by Todd McCracken, P.Geo, of WSP Canada Inc. The
author is independent of Pinecrest Resources and a Qualified Person as defined by National
Instrument 43-101.
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.