Newcore Gold Drilling Intersects 0.89 g/t Gold over 33.0 Metres and 3.98 g/t Gold over 6.0 Metres, at the Enchi Gold Project, Ghana

Core Viewpoint - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, confirming the continuity of gold mineralization at the Sewum Gold Deposit and indicating potential for resource growth [1][4][14]. Drilling Results - The drilling program has successfully intersected multiple zones of near-surface gold mineralization, with notable results including hole SWRC258 intersecting 0.89 grams per tonne gold over 33.0 metres and hole SWRC269 intersecting 3.98 grams per tonne gold over 6.0 metres, including a higher-grade interval of 22.62 grams per tonne gold over 1.0 metre [1][6][11]. - A total of 47 reverse circulation holes were drilled, totaling 4,493 metres, with 46 holes intersecting gold mineralization [4][9]. Resource Growth Strategy - The primary focus of the drill program is on resource growth and infill drilling aimed at converting Inferred Resources to Indicated Resources, with the first phase targeting completion of drilling for resource conversion ahead of a Pre-Feasibility Study [3][15]. - The Sewum Gold Deposit has an Indicated Mineral Resource of 20.9 million tonnes grading 0.48 grams per tonne gold, containing 323,300 ounces, and an Inferred Mineral Resource of 21.8 million tonnes grading 0.53 grams per tonne gold, containing 373,100 ounces [5][17]. Geological Insights - The Ridge Zone at Sewum is characterized by a series of stacked sub-parallel gold mineralized structures, with consistent gold mineralization defined over a length of 800 metres within the oxide and transition horizons [5][10]. - Approximately 45% of the gold-in-soil anomaly at Sewum remains untested by drilling, indicating further exploration potential [18]. Future Development Plans - Newcore Gold is advancing development work required for the Pre-Feasibility Study, including diamond drilling for metallurgical, geotechnical, and hydrogeological testwork [4][16]. - Additional exploration activities include metallurgical testwork, trenching, hydrogeological testing, and environmental assessments to enhance the confidence level of the Mineral Resource Estimate [16][25].