Newcore Gold Ltd.(TSXV: NCAU | OTCQX: NCAUF) has announced additional drill results from the 10,000m drill programme underway at the company’s 100% owned Enchi Gold Project in Ghana.
The company has reported that reverse circulation drilling at the Boin Gold Deposit has intersected the highest-grade gold interval encountered to date at Enchi, with hole ‘KBRC301’ intersecting 204gpt Au over 1.0m from 59m, with a contiguous zone of 1.46g/t Au over 2.0m from 60m. Drilling also continues to encounter wide zones of higher-grade mineralization with hole KBRC307A intersecting 3.36g/t Au over 28.0m from 120m, including a high-grade intercept of 37.58g/t Au over 2.0m from 133m within a broader zone of 7.76g/t Au over 11.0m from 132m.
Drilling is underway at Enchi as part of the resource growth and infill programme designed to convert Inferred Resources to Indicated. All drill holes intersected gold mineralization, continuing to prove out the continuity of gold mineralization and potential for future resource growth across the Project, including at Boin
Highlights include one of the highest-grade intervals to date intersected at the Enchi Gold Project, encountered on the central portion of the Boin Gold Deposit.
- RC hole ‘KBRC301’ intersected 204.27g/t Au over 1.0m from 59m (true width unknown), with a contiguous zone of 1.46g/t Au over 2.0m from 60m (sulphide zone)
Additionally, drilling continues to encounter wide zones of higher-grade gold mineralization within the sulphide mineralization:
- Hole ‘KBRC307A’ intersected a wide zone of gold mineralization of 3.36g/t Au over 28.0m from 120m, including a higher-grade structure of 37.58g/t Au over 2.0m from 133m within a broader zone of 7.76g/t Au over 11.0m from 132m
- Hole ‘KBRC305’ encountered multiple structures within both the oxide and sulphide mineralization, with a higher-grade zone within the sulphides of 1.01g/t Au over 48.0m from 151m including 1.86g/t Au over 14.0m from 173m
Drilling achieving goal of proving out the continuity of gold mineralization within the near surface oxide/transition zones, with wide mineralized structures encountered.
- Hole KBRC300 intersected 2.34g/t Au over 6.0m from 62m
Hole KBRC304 intersected 0.73g/t Au over 18.0m from 41m
Luke Alexander, President and CEO of Newcore stated, “The ongoing 10,000m drill programme continues to deliver some of the strongest results we have encountered to date at Enchi. RC Hole KBRC301 is our best interval encountered not only based on grade but also when calculated on gram by metre, having intersected 204 g/t Au over 1.0m from 59m. Results from our 2024 drill programme not only continue to prove out the open-ended nature of the deposits, which is consistent with our geological model, but continue to highlight the potential for high-grade gold mineralization. The drill programme underway also underscores Enchi’s development potential as we prove up the confidence of the existing resources, with all holes drilled as part of the 2024 drill programme encountering gold mineralization.”
Greg Smith, vice president of exploration of Newcore stated, “These results complement prior high-grade results achieved on the project. Hole ‘KBRC307A’ is our fifth best hole drilled to date on a gram by metre basis, and notably encountered a wide zone of mineralization of 3.36g/t Au over 28m from 120m with a high-grade sub-interval of 37.58g/t Au over 2.0m from 133m or 7.76g/t Au over 11.0m from 132m.
This hole is a good example of Enchi’s potential to host wide as well as high-grade mineralization. Importantly, the drilling completed to date within the sulphide mineralization at Boin is still quite shallow having only been drill tested to a maximum average vertical depth of 125m, highlighting the significant resource growth potential longer-term within the sulphide mineralization at the Boin deposit which remains open to depth.”
This news release reports results for 10 RC holes totalling 1,808m (KBRC299 to KBRC308) targeting the Boin Gold Deposit. All holes intersected gold mineralization. A total of 3,398m in 21 holes have been reported as part of the ongoing 2024 drill programme at Enchi, with assays pending for an additional 2,060m in 10 holes drilled at Boin.
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