Newcore Gold Diamond Drilling Intersects High-Grade Gold Mineralization with 174 g/t Gold over 1.0 Metre and 3.54 g/t Gold over 23.0 Metres, at the Enchi Gold Project, Ghana

Core Insights - Newcore Gold Ltd. announced high-grade gold mineralization results from the Boin Gold Deposit at the Enchi Gold Project in Ghana, highlighting the potential for resource growth at depth [1][3][4] - The ongoing 45,000-metre drill program has successfully intersected significant gold grades, with notable results including 173.75 grams per tonne (g/t Au) over 1.0 metre and 3.54 g/t Au over 23.0 metres [1][5][9] - The drilling program aims to explore deeper mineralization, confirming that the Boin deposit remains open at depth and showcasing the high-grade potential of the project [3][4][12] Drilling Results - The recent drilling results include five diamond drill holes totaling 1,699 metres, with all holes intersecting gold mineralization [5][8] - Key results from the drill holes include: - KBDD098: 173.75 g/t Au over 1.0 m from 264 m - KBDD097: 3.54 g/t Au over 23.0 m from 253 m, including 6.92 g/t Au over 8.0 m from 256 m - KBDD088: 2.03 g/t Au over 16.5 m from 190 m, including 3.90 g/t Au over 4.0 m from 195 m [4][5][9] Geological Model and Exploration Potential - The drilling results continue to support the geological model, indicating potential for resource growth driven by higher-grade mineralization at depth [3][11] - The Boin Gold Deposit has only been tested to an average vertical depth of 100 metres, with significant portions of the gold-in-soil anomaly remaining untested [4][14] - The project is located in a region with other mineralized deposits, suggesting that Enchi may be underexplored and offers substantial upside potential [3][12][14] Project Development and Future Plans - The Enchi Gold Project is in its second phase of drilling, focusing on resource growth and discovery, with plans to advance to a Pre-Feasibility Study in H1 2026 [12][13] - Development work is ongoing, including metallurgical testwork and environmental assessments, to support the project's advancement [13][21]