Newcore Gold Ltd. (TSXV: NCAU; OTCQX: NCAUF) has reported encouraging results from its 45,000m drill program at the 100%-owned Enchi Gold Project in Ghana, with recent reverse circulation (RC) drilling at the Kwakyekrom Gold Deposit intersecting multiple zones of near-surface gold mineralization outside the current resource envelope.
The latest results include standout intercepts such as 1.08g/t gold over 22.0m from 112m, including 2.78g/t gold over 7.0m from hole KKRC099, and 1.29g/t gold over 15.0m from 88m from hole KKRC085A. Both holes targeted extensions beyond the existing pit-constrained Mineral Resource Estimate (MRE), highlighting the potential for further resource growth at Enchi.
Luke Alexander, President and CEO of Newcore Gold commented, “The drilling we recently completed at Kwakyekrom continues to highlight the resource growth potential at Enchi, with these results highlighting the opportunity to expand the current deposit at Kwakyekrom both within the near-surface mineralization as well as at depth. This drilling has further defined the continuity of the gold mineralization along the edges of the current pits that constrain the current Mineral Resource Estimate at Kwakyekrom, while also extending the known mineralization to both the north and south. We look forward to continuing to highlight the growth potential that exists at our Enchi Gold Project in Ghana through the drill bit, in tandem with advancing the Project to a Pre-Feasibility Study in H1 2026.”
Drilling Highlights from Kwakyekrom:
- KKRC099: 1.08 g/t Au over 22.0m from 112m, including 2.78 g/t Au over 7.0m from 126m
- KKRC085A: 1.29 g/t Au over 15.0m from 88m
- KKRC100: 1.39 g/t Au over 11.0m from 8m; 0.97 g/t Au over 5.0m from 109m
- KKRC088: 0.96 g/t Au over 10.0m from 93m
- KKRC098: 0.60 g/t Au over 15.0m from 25m, including 1.65 g/t Au over 4.0m; 6.41 g/t Au over 1.0m from 214m
- KKRC093: 2.05 g/t Au over 2.0m from 56m; 0.57 g/t Au over 12.0m from 113m
- KKRC104: 0.35 g/t Au over 18.0m from 67m; 0.34 g/t Au over 22.0m from 91m
- KKRC102: 0.42 g/t Au over 10.0m from 25m; 0.29 g/t Au over 20.0m from 60m
- KKRC107: 2.46 g/t Au over 1.0m from 53m; 0.85 g/t Au over 6.0m from 62m
All 24 RC holes (KKRC085A to KKRC108), totalling 3,843 metres, intersected gold mineralization, with drilling focused on expanding the deposit along strike and at depth. The results confirm the presence of multiple sub-parallel mineralised structures and continuity of mineralization beyond the current MRE boundaries.
The ongoing drill program is now in its second phase, targeting both resource expansion and earlier-stage exploration targets. The first phase, which focused on infill drilling at the Boin and Sewum deposits, was designed to support an upcoming Pre-Feasibility Study (PFS) scheduled for H1 2026.
In addition to drilling, Newcore is advancing metallurgical, hydrogeological, geotechnical, and environmental studies to support the PFS.
Located along Ghana’s prolific Bibiani Shear Zone, the Enchi Gold Project hosts an Indicated Resource of 743,500 ounces of gold (41.7Mt @ 0.55 g/t Au) and an Inferred Resource of 972,000 ounces (46.6Mt @ 0.65 g/t Au), as per the April 2024 MRE. The Kwakyekrom deposit alone contributes 97,700 ounces of Inferred gold resources.
With over 248 km² of prospective ground and multiple untested anomalies, Enchi remains a district-scale opportunity with significant upside potential.
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