Newcore Gold has released new drill results from the 90,000 metre drill program underway at the company’s 100% owned Enchi Gold Project highlighting the potential for resource growth across the project.

Reverse Circulation drilling (RC) at the Nyam Gold Deposit at Enchi intersected high-grade oxide gold mineralization near surface grading of 1.79 grams per tonne gold (g/t Au) over 24.0 metres from 38 metres.

Additional drilling results at the Kwakyekrom Gold Deposit show an intersected 0.99 g/t Au by more than 29.0 metres from 81 metres, extending the drill-tested gold mineralization at Kwakyekrom by 500 metres to the north of the project area.

In a press release, the company said total drilling conducted for 37 RC holes was 5,447 metres, including 18 RC holes totaling 2,319 metres targeting the Nyam Gold Deposit and 19 RC holes totalling 3,128 metres targeting the Kwakyekrom Gold Deposit. In all, 33 of the 37 RC holes intersected gold mineralization, the report revealed.

For the total planned 90,000 metre drill program, assay results have now been received and released for 396 holes representing 68,317 metres in 2021 when the drill program began, the release highlighted.

Greg Smith, Vice President, Exploration at Newcore commented:

“We continue to encounter strong results at both the Nyam and Kwakyekrom deposit areas at Enchi, highlighting the potential for resource growth across the Project. Nyam continues to encounter high-grade oxide gold mineralization near surface, while also extending the mineralization at depth into the upper portions of the sulphide zone.

“These drill results also included drilling focused on testing Kwakyekrom to the north of the existing pit-constrained mineral resource area, with drilling successfully expanding the known mineralization by 500 metres to the north and increasing the drill tested strike extent of gold mineralization at Kwakyekrom to 1.5kms.

“We look forward to completing the current 90,000 metre drill program over the next several months as we continue our exploration program to define Enchi’s district scale potential.”
Greg Smith, V.P. Exploration, Newcore Gold

Drilling Program to End in Q2 2022

The Enchi Gold Project hosts a pit constrained Inferred Mineral Resource of 70.4 million tonnes grading 0.62 g/t Au containing 1.41 million ounces gold. Mineral resource estimation practices are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice, the statement revealed.

The 90,000 metre discovery and resource expansion drilling program at Enchi is expected to be completed in Q2 2022. The program includes both RC and diamond drilling and includes the first deeper drilling on the project.

The drill program involves testing extensions of the existing resource areas while also testing a number of high priority exploration targets outside of the Inferred Mineral Resource.

The drilling program is focused on step out extensions and exploration drilling at the Sewum, Boin, Nyam and Kwakyekrom Deposits. Additional drilling is planned at previously drilled zones that are outside of the resource area (Kojina Hill and Eradi).

This also includes first pass drilling to test a series of kilometre-scale gold-in-soil anomalous zones with no prior drilling (Nkwanta, Sewum South and other anomalies).

The company indicated that all zones represent high priority targets based on geological, geochemical and geophysical surface work and previous trenching and drilling.