Newcore Gold has announced two new gold discoveries from the 90,000 metre drill program underway at the Company’s 100 per cent owned Enchi gold project in Ghana.
The two target areas are Tokosea and Sewum South, which both intersected shallow oxide gold mineralization, demonstrating the strong potential to mark additional resource areas across the 216 km2 property.
Specifically, drilling at Tokosea (located on the central portion of Enchi) intersected shallow high-grade oxide gold mineralization grading 3.52 grams per tonne gold (g/t Au). On the other hand, drilling at Sewum South (located at the southern end of Enchi, one of the largest previously undrilled targets identified on the Project) intersected 0.95 g/t Au.
The drilling process has undergone both RC and diamond drilling and includes the first deeper drilling on the project. The drill program also includes testing extensions of the existing resource areas while also testing a number of high priority exploration targets outside of the Inferred Mineral Resource, the company in a release stated.
Greg Smith, VP Exploration of Newcore stated:
“We are thrilled with the success of inaugural drilling on some of the largest gold anomalies we have identified at Enchi. Both drilling at Tokosea and Sewum South, two prospective early-stage targets on the property, have identified several new areas of gold mineralization with strong results in both near surface oxide and sulphide mineralization.
“This first pass drilling tested gold mineralization to an average vertical depth of only 75 metres and identified a number of mineralized zones with higher-grade core structures with further potential from follow-on drilling along strike and at depth. We have only just scratched the surface of the gold potential at Enchi. The 90,000 metre drill program underway continues to prove out the significant multi-million ounce potential across this district scale property.”
Greg Smith
Zones Represent Priority targets
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. The ongoing 90,000 metre discovery and resource expansion drilling program at Enchi is expected to be completed in Q2 2022.
According to the release document, all zones, including the new discoveries represent high priority targets based on geological, geochemical and geophysical surface work and previous trenching and drilling.
Luke Alexander, President and CEO of Newcore commented:
“These two new discoveries along with recent results from a parallel structure at Sewum extension accomplish our stated goal of making new greenfield discoveries as part of our multi-pronged exploration approach. These new discoveries complement prior drill results which outlined near surface resource expansion potential along strike at all four of our existing deposits, strong results from drilling at three previously drilled areas, and high-grade intercepts at depth which have outlined the potential for underground resources.
“These new discoveries are a real testament to our geological team’s understanding of the structures at our Enchi Gold Project. We will continue to systematically approach the exploration across the Project with the goal of creating value for all our stakeholders.”
Luke Alexander
Throughout the drilling process since 2020, the company has recorded fascinating results, highlighting the potential for upside growth in resource. Therefore, with these two new discoveries possessing high grade-oxide mineralization, indicating positive results, the company’s drilling process at the end of Q2 2022, would have achieved massive success.
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