Newcore Gold Ltd. is pleased to announce additional drill results from the 35,000-metre drill program underway at the Company’s 100% owned Enchi Gold Project in Ghana. Shallow Reverse Circulation drilling at the Boin Gold Deposit intersected multiple wide zones of gold mineralization with higher-grade gold sub-intervals. Hole KBRC352 intersected 2.25 grams per tonne gold (“g/t Au”) over 56.0 metres from 96 metres, including a higher-grade interval of 3.83 g/t Au over 15.0 m from 122 m. Hole KBRC344 intersected 1.16 g/t Au over 72.0 m from 104 m, including a higher-grade interval of 3.06 g/t Au over 10.0 m from 114 m. Drilling continues to prove out the continuity of gold mineralization and potential for resource growth at Enchi.
The 35,000-metre drill program underway at Enchi is focused on resource growth and infill drilling designed to convert Inferred Resources to Indicated. The goal of the first phase of drilling is completion of drilling required for resource conversion in advance of commissioning a Pre-Feasibility Study later this year. The second phase of the drill program will focus on discovery and resource growth, including drilling targeting earlier-stage exploration targets along with drilling focused on defining the resource growth potential at depth.
Luke Alexander, President and CEO of Newcore stated, “We are thrilled with the continued strong results from the 35,000-metre drill program underway at Enchi, with this set of results from Boin encountering some of the best intercepts to date at Boin, on a gram by metre basis. Importantly, drilling is not only encountering wide zones of mineralization and proving out the strong continuity of mineralization, but drilling also continues to encounter higher-grade intervals that are above the currently defined resource grade. Additionally, drilling continues to encounter mineralization outside of the limits of the pit that currently constrains the resource at Boin with hole KBRC352 and KBRC344 ending in mineralization, highlighting the strong potential for future resource growth at depth. We look forward to continuing to highlight Enchi’s size and scale potential through the drill bit, with the drill program underway an important step in advancing and proving out the potential of our Enchi Gold Project in Ghana.”
This release reports results for 14 RC holes totalling 2,055 m (KBRC342 to KBRC346, KBRC348 to KBRC356) targeting the Boin Gold Deposit, with all holes intersecting gold mineralization. A total of 17,592 m in 142 holes have been reported as part of the ongoing 2024 – 2025 drill program at Enchi.
