Drilling Intersects Wide Zones of Higher-Grade Gold Mineralization at the Boin Gold Deposit VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce additional drill results from the 35,000-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 Boin Gold Deposit ("Boin") intersected multiple wide zo ...

Core Insights - Cygnus Metals Limited is advancing its Chibougamau Copper-Gold Project in Quebec, focusing on high-grade gold targets, particularly the Golden Eye area, which has not been drilled since the early 1990s [8][9][22] - Recent drilling has confirmed high-grade gold mineralization, with assays showing up to 9.1g/t Au and significant historical intersections indicating strong potential for resource growth [5][11][12] Company Overview - Cygnus Metals Limited is a diversified critical minerals exploration and development company with projects in Quebec and Western Australia, aiming to create shareholder value through resource growth and development [22] - The company is utilizing a cost-effective approach by digitizing over 100,000 documents, including historic drill logs, to generate new drill targets and consolidate geological data [6][15] Drilling Campaign and Results - A recent drilling campaign at Golden Eye involved six holes totaling 1,954 meters, aimed at confirming historic results and extending mineralization at depth [6][11] - Initial assays from the drilling have confirmed high-grade gold intersections, including 3.3m at 6.6g/t Au and 2.3m at 9.1g/t Au [11][12] - The drilling has extended mineralization down to 400 meters below the surface, with visible gold intersected in drill hole LDR-25-08 [11][17] Historical Context - The Chibougamau district has a rich history of gold and copper production, with over 3.5 million ounces of gold produced at an average grade of 2.1g/t Au [6][12] - Golden Eye was identified as a priority target due to its higher gold content compared to copper, making it a unique drilling opportunity within the district [7][9] Future Plans - Cygnus plans to complete an initial Mineral Resource estimate for Golden Eye using both recent drilling data and historic data from 77 holes totaling 21,371 meters [6][13] - The company is focused on resource growth and conversion drilling, employing two rigs on site to expedite exploration efforts [9][15]