Drilling Intersects Multiple Interval Of High-Grade Gold Mineralization At Kojina Hill Target

VANCOUVER – Newcore Gold Ltd. reported on the 35,000-metre drill program underway at the Enchi Gold Project in Ghana. Shallow Reverse Circulation (RC) drilling at the Kojina Hill Gold Target intersected multiple intervals of high-grade gold mineralization, including hole KJRC033 which intersected 184 grams per tonne gold (g/t Au) over 1.0 metre (m) from 126 m. Hole KJRC034 also encountered shallow high-grade mineralization, intersecting 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 and 4.59 g/t Au over 3.0 m from 9 m. Kojina Hill is a previously drilled target at Enchi with no defined mineral resource. Drilling continues to prove out the continuity of gold mineralization and potential for resource growth at Enchi.
The 35,000-metre drill program underway at Enchi is focused on resource growth and infill drilling designed to convert Inferred Resources to Indicated. The drill program is now in its second phase focused on discovery and resource growth, including drilling targeting earlier-stage exploration targets along with drilling focused on defining the resource growth potential at depth and along strike. The completed first phase of drilling focused on the drilling required for resource conversion in advance of commissioning a Pre-Feasibility Study later this year.
Greg Smith, Vice President of Exploration, said, “Drilling completed at the earlier stage Kojina Hill Gold Target, an area at Enchi that does not yet have a mineral resource estimate, continues to highlight the potential for future resource growth both in the near-surface oxide mineralization in tandem with the high-grade zones encountered to depth across the district scale property. Drilling at Kojina Hill continues to showcase the potential for Enchi to host wide as well as high-grade mineralization, with RC hole KJRC033 our third-best interval encountered to date when calculated on gram by metre. With the second phase of the drill program now underway, we are excited to be drill testing multiple high-grade targets that we have identified at Enchi. Notably, with drilling to date focused on shallow mineralization, Enchi has only been drill tested to an average vertical depth of 125 metres. With mineralization at neighboring gold mines located along the Sefwi-Bibiani belt defined to much deeper vertical depths, we are excited to continue to define Enchi’s longer-term resource growth and value potential through the drill bit by advancing the potential that we believe exists at depth across our district scale property.”