Newcore Gold Diamond Drilling Intersects First Visible Gold, High-Grade Gold Mineralization with 147.5 g/t Gold over 1.0 Metre and 3.22 g/t Gold over 17.0 Metres, at the Enchi Gold Project, Ghana
Globenewswire·2026-01-21 11:28

Core Insights - Newcore Gold Ltd. has reported significant drill results from its Enchi Gold Project in Ghana, highlighting high-grade gold mineralization at the Boin Gold Deposit, including the first visible gold encountered by drilling [1][3][10] - The ongoing 45,000-metre drill program aims to expand resources and confirm the continuity of gold mineralization at depth, with promising results indicating potential for resource growth [1][5][15] Drill Results - Diamond drill hole KBDD100 intersected 147.50 grams per tonne gold over 1.0 metre, marking the first visible gold found at the project [1][4][10] - Additional significant intersections include KBDD102 with 3.22 g/t Au over 17.0 m and KBDD101 with 1.26 g/t Au over 16.0 m [4][12][13] - The drilling program has tested high-grade shoots to a maximum vertical depth of approximately 312 metres, confirming the geological model and continuity of mineralization [9][14] Project Development - The Enchi Gold Project has 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] - The project is advancing towards a Pre-Feasibility Study expected to be completed by the end of H1 2026, with ongoing development work including metallurgical and hydrogeological testing [15][16] Market Engagement - Newcore Gold has entered into an agreement with SRC Swiss Resource Capital AG for investor relations and communications services in Europe, effective January 2026 [17][18]