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Newcore Gold Drilling Confirms Potential for Resource Growth at Enchi Gold Project

Stephen M.Cby Stephen M.C
June 8, 2022
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Extractives/Energy
0
gold

Gold bars stacked together

Newcore Gold has announced drill results from the company’s ongoing 90,000 metre drill program, as results confirm potential for resource growth at its wholly owned Enchi Gold Project in Ghana.

The company stated that first pass Reverse Circulation (RC) drilling at the Tokosea Gold Target, intersected 1.29 grams per tonne gold over 13.0 metres from 42 metres in the oxides. This included an additional zone in the upper sulphides intersecting 0.48 g/t Au over 32.0 metres from 106 metres, including 1.06 g/t Au over 7.0 metres from 108 metres.

Drilling on the central portion of the main structure at Tokosea, extended the main mineralized zone up- and down- dip from the previously drill tested zone. The drilling progran extended mineralization on the central portion of the main structure by 100 metres to the south, intersecting 1.64 g/t Au over 10.0 metres from 158 metres.

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Most of the holes drilled at Tokosea also tested a sub-parallel zone located approximately 350 metres west of the main structure. Drilling intersected additional gold mineralization within the near-surface oxidized zone and upper portion of the sulphide zone. 

This drilling was completed as part of the first pass discovery drilling completed at Tokosea in 2022, with prior results announced March 7, 2022 and April 20, 2022.

gold
Gold coins

Drill Program Intersects Gold Mineralization

According to a press statement by Newcore Gold, it reports results for 26 RC holes totalling 3,501 m (TORC057 to TORC082) targeting the Tokosea Gold Target. On account of gold mineralization, 20 of the 26 holes intersected gold mineralization, the statement read.

Greg Smith, VP Exploration of Newcore said:

“We are excited by the results we have achieved from our inaugural drill program at Tokosea. Only 82 holes have been drilled on the target, with drilling testing mineralization to an average vertical depth of only 75 metres.

“First pass drilling at Tokosea focused on testing shallow gold mineralization within the oxides and upper portion of the sulphides, with the target remaining open along strike and at depth and only a small portion of the anomaly tested to date.”

Greg Smith

Considering these positive results, Greg Smith said these showed an expansion of the new discovery at Enchi and confirmed “the potential for resource growth across the Project”, which is a district scale property located on a very productive gold belt. The gold belt hosts a series of multi-million-ounce gold mines.

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. 

First pass drilling at Tokosea now consists of 82 RC holes totalling 10,238 metres to designed to test gold-in-soil and trench anomalies. The wide spaced and shallow drilling tested several targets within a four-kilometre-by-two-kilometre area, with 68 of the 82 holes intersecting gold mineralization.

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Tokosea is a large, previously undrilled gold target at Enchi, located in the central portion of the property to the north of the Sewum Gold Deposit. Tokosea is outlined on surface by a six-kilometre-long and two-to-three-kilometre-wide gold-in-soil anomaly.

For the total planned 90,000 metre drill program which began in 2020, assay results have now been received and released for 549 holes representing 86,565 metres.

READ ALSO: Ghana Gold- Missed Golden opportunities: Sale of Golden Star Resources

Tags: drillingEnchi goldgoldNewcore
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