Newcore Gold Increases Drill Program to 45,000 Metres at the Enchi Gold Project, Ghana

Core Insights - Newcore Gold Ltd. has announced an increase in its 2024-2025 drill program to 45,000 metres at the Enchi Gold Project in Ghana, supported by a strong cash position of approximately $10 million after warrant exercises [1][4] Drill Program Overview - The first phase of the drill program focused on resource growth and infill drilling to convert Inferred Resources to Indicated, targeting near-surface oxide and shallow fresh mineralization [2][16] - The second phase will emphasize discovery and resource growth, including drilling at earlier-stage exploration targets and defining higher-grade structures at depth [2][16] Drilling Results - A total of 25,097 metres in 207 Reverse Circulation holes have been reported, with 98.5% of holes intersecting gold mineralization [6] - Significant drill results include: - KBRC352: 2.25 g/t Au over 56.0 m, including 3.83 g/t Au over 15.0 m [5][7] - SWRC194: 1.85 g/t Au over 62.0 m, with a higher-grade interval of 8.36 g/t Au over 10.0 m [5][7] - KBRC301: 204.27 g/t Au over 1.0 m [5][7] Resource Potential - The drilling has encountered wide zones of gold mineralization, indicating strong continuity and potential for resource growth, particularly outside the current limits of the Mineral Resource Estimate [5][6] - The Enchi Gold Project hosts an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au and an Inferred Mineral Resource of 46.6 million tonnes grading 0.65 g/t Au [22] Future Plans - The company is working towards completing the technical work necessary for a Pre-Feasibility Study in 2026, alongside ongoing drilling activities [4][17] - Development work in support of the Pre-Feasibility Study includes metallurgical testwork, hydrogeological testing, and environmental assessments [17]