Newcore Gold’s largest drilling program (90,000 metres) focused on both resource expansion and resource discovery nears completion as assay results have been received and released for 62,870 metres.
The ongoing drilling program at the Enchi Gold project has approximately 15,000 metres of the focused on testing earlier stage targets on the property, proving up the potential for additional resource areas. Approximately 16,000 metres of diamond drilling is testing for mineralization at depth, focused on proving out the potential for high-grade shoots.
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 best practices and follow National Instrument 43-101 (NI 43-101) standards.
The drilling program is focused on 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), alongside first pass drilling to test a series of kilometre-scale gold-in-soil anomalous zones with no prior drilling.
According to the company, all zones represent high priority targets based on geological, geochemical and geophysical surface work and previous trenching and drilling.
Newcore Drilling Program Encounters Highest-Grade Gold
Luke Alexander, President and CEO of Newcore stated, “We had an incredibly busy and successful year as we aggressively advanced our Enchi Gold Project through the drill bit and completed a robust updated Preliminary Economic Assessment (PEA) and mineral resource estimate for the Project.
“Results from the ongoing drill program have not only encountered the highest-grade gold intervals to date, but also the longest gold intercepts to date. I want to thank all our shareholders and stakeholders for their continued support.
“With strong institutional and capital markets support, and a management and board that is strongly aligned with shareholders through our 27% equity ownership, we look forward to continuing to build on the momentum we have achieved to date as we continue aggressively drilling Enchi to prove out its multi-million-ounce potential in the coming years.”Luke Alexander, President
Greg Smith, Vice President, Exploration of Newcore stated, “Drilling consistently encounters wide zones of near surface mineralization, showcasing the potential for resource growth of the oxide mineralization that is amenable to heap leach processing.”
Smith said the company was elated about the first deeper drilling to be completed on the project, with results of diamond drilling encountering high-grade mineralization at vertical depths of 250 to 300 metres.
Meanwhile, deeper drilling completed to date has only tested a vertical depth of up to 325 metres, with all deposits remaining open along strike and at depth.
“We are also now testing new areas on the property to prove out the district scale potential at Enchi, with first pass drilling being completed on several prospective targets.
“We are excited to be defining the district-scale, multi-million-ounce potential at Enchi as we complete our ongoing 90,000 metre drill program into 2022.”Greg Smith, VP, Exploration
For Newcore, these positive results indicate huge potential for resources growth at the Enchi gold project, as the ongoing drilling program aligns with its exploration and expansion objectives.