Advancing a Key De-Risking Milestone, PFS Targeted for Completion in H1 2026VANCOUVER, British Columbia, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce it has commissioned a Pre-Feasibility Study ("PFS") for the Company’s Enchi Gold Project ("Enchi" or the "Project") in Ghana. Newcore has engaged Lycopodium Minerals Canada Limited ("Lycopodium") of Toronto, Canada as lead consultant for the study, with support from Fuse Adv ...

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]

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]

Core Insights - Newcore Gold is hosting its first presentation, highlighting its support for a charity initiative by donating to a food bank [1][2] - Luke Alexander, President and CEO of Newcore Gold, will present information about the Enchi Project in Ghana [3] Presentation Structure - The presentation is expected to last approximately 10 to 15 minutes, followed by a Q&A session [2] - Attendees are encouraged to submit questions during the presentation [2] Forward-Looking Statements - The presentation will include forward-looking statements, with additional information available on the company's website [3]

Core Viewpoint - Newcore Gold Ltd. has reported positive drill results from its ongoing 45,000-metre drill program at the Enchi Gold Project in Ghana, indicating strong continuity of gold mineralization and potential for resource expansion at the Boin Gold Deposit [1][4][10]. Drilling Results - The recent drilling at the Boin Gold Deposit included multiple intersections of near-surface gold mineralization, with notable results such as hole KBRC370 intersecting 3.16 grams per tonne gold over 3.0 metres and hole KBRC368 intersecting 0.78 g/t Au over 16.0 metres, including a higher-grade interval of 8.17 g/t Au over 1.0 metre [1][5][6]. - A total of 6 reverse circulation (RC) holes were reported, totaling 550 metres, with all holes intersecting gold mineralization, and approximately 98.7% of the 237 holes drilled in the ongoing program have intersected gold [4][6][10]. Drill Program Phases - The drill program is in its second phase, focusing on resource growth and infill drilling to convert Inferred Resources to Indicated, with the first phase completed and results being prepared for a Pre-Feasibility Study expected in early 2026 [3][4][10]. - The second phase will also include diamond drilling to target higher-grade potential at depth, with initial results anticipated in early 2026 [4][10]. Resource Estimates - The Boin Gold Deposit has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au, containing 258,200 ounces, and an Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au, containing 349,600 ounces [12][16]. - The overall Enchi Gold Project hosts an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au, containing 743,500 ounces, and an Inferred Mineral Resource of 46.6 million tonnes grading 0.65 g/t Au, containing 972,000 ounces [16]. Development Activities - In addition to drilling, the company is conducting various development activities in support of the Pre-Feasibility Study, including metallurgical testwork, hydrogeological testing, geotechnical work, and environmental assessments [11][19].

VANCOUVER, British Columbia, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce additional drill results from the 45,000-metre drill program underway at the Company’s 100% owned Enchi Gold Project ("Enchi" or the "Project") in Ghana. Shallow Reverse Circulation ("RC") drilling at the Kwakyekrom Gold Deposit ("Kwakyekrom") intersected multiple zones of near-surface gold mineralization, including hole KKRC099 which intersected 1. ...

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]

Core Insights - Newcore Gold Ltd. has successfully completed drilling at its Enchi Gold Project in Ghana, leading to an increase in the 2024-2025 drill program to 45,000 metres due to a strong cash position of approximately $10 million [1][4] - The first phase of the drill program focused on resource growth and infill drilling to convert Inferred Resources to Indicated, while the second phase will target discovery and resource growth at depth [2][15] - Significant gold mineralization has been encountered, with notable high-grade intervals reported, indicating strong continuity and potential for resource growth [5][6] Drilling Program Details - The ongoing drill program has reported a total of 25,097 metres in 207 Reverse Circulation holes, with 98.5% of holes intersecting gold mineralization [6] - The first phase of drilling was primarily focused on shallow mineralization to an average vertical depth of 100 metres, while the second phase will include diamond drilling targeting higher-grade potential at depth [4][15] - Key results from the drilling include intersections such as 2.25 g/t Au over 56.0 m and 204.27 g/t Au over 1.0 m, highlighting the presence of wide zones of gold mineralization [5][7] Resource Estimates - The Enchi Gold Project currently hosts an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au containing 743,500 ounces of gold and an Inferred Mineral Resource of 46.6 million tonnes grading 0.65 g/t Au containing 972,000 ounces [21] - The Sewum Gold Zone has an Indicated Mineral Resource of 20.9 million tonnes grading 0.48 g/t Au containing 323,300 ounces and an Inferred Mineral Resource of 21.8 million tonnes grading 0.53 g/t Au containing 373,100 ounces [17] - The Boin Gold Zone has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au containing 258,200 ounces and an Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au containing 349,600 ounces [18] Future Plans - The company is working towards completing the technical work required for a Pre-Feasibility Study in 2026, alongside the ongoing drilling program [4][15] - Development work in support of the Pre-Feasibility Study includes metallurgical testwork, hydrogeological testing, geotechnical work, and environmental assessments [16] - The drilling program aims to outline resource growth along strike at existing deposits and to define new resource areas, particularly at the Kojina Hill target, which currently has no defined mineral resource [15][20]

Core Insights - Newcore Gold Ltd. has raised approximately $3.8 million from the exercise of 9,558,578 common share purchase warrants, which expired on September 26, 2025, with an exercise price of $0.40 [1][2] - The company has a cash balance of approximately $10.1 million, which will support a 35,000-metre drill program and development work for the Enchi Gold Project, aiming for a Pre-Feasibility Study in H1 2026 [2][3] - Newcore Gold's leadership is aligned with shareholders, holding approximately 15% equity ownership, and is focused on advancing the Enchi Gold Project located in Ghana [2][3] Financial Overview - The exercise of the warrants has resulted in a total of 262,986,096 common shares issued and outstanding, with additional dilutive securities including 9,475,000 stock options and 20,423,000 common share purchase warrants at an exercise price of $0.50, expiring on February 27, 2026 [2] - If the additional tranche of warrants is fully exercised, it could provide approximately $10.2 million in funding for ongoing drilling and development at the Enchi Gold Project [2] Project Development - The Enchi Gold Project is located in Ghana, which is Africa's largest gold producer, and covers a 248 km land package along the Bibiani Shear Zone, known for hosting several multi-million-ounce gold deposits [3] - The company is currently conducting a drill program that includes exploration drilling to depth and development work to support a Pre-Feasibility Study scheduled for next year [2][3]

Core Insights - Newcore Gold Ltd. has reported significant drill results from its ongoing 35,000-metre drill program at the Enchi Gold Project in Ghana, particularly at the Kojina Hill Gold Target, which has intersected high-grade gold mineralization [1][3][4] - The drilling at Kojina Hill continues to demonstrate the potential for resource growth, with multiple high-grade intervals identified, including 184 grams per tonne gold over 1.0 metre in hole KJRC033 and 3.06 g/t Au over 13.0 metres in hole KJRC034 [1][7][12] - The current drill program aims to convert Inferred Resources to Indicated and to explore deeper mineralization potential, with the first phase focused on resource conversion ahead of a Pre-Feasibility Study [3][15] Drilling Results - The recent drilling results include 7 Reverse Circulation holes totaling 970 metres, with all holes intersecting gold mineralization [1][10] - Notable assay results include: - KJRC033: 184 g/t Au over 1.0 m from 126 m, within a 24-metre contiguous zone of gold mineralization [7][11] - KJRC034: 3.06 g/t Au over 13.0 m from surface, including higher-grade intervals of 8.09 g/t Au over 3.0 m from 2 m [12][13] - The overall drill program has reported that 98.5% of the 207 holes drilled have intersected gold mineralization [1][3] 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, totaling approximately 1.7 million ounces of gold [19] - The ongoing exploration and development work includes metallurgical testwork, trenching, and environmental studies, aimed at improving the confidence level of the Mineral Resource Estimate [16][24] - The Kojina Hill Gold Target is located within a larger district-scale property that remains open for future resource growth along strike and at depth [17][15]