Drilling Intersects Near Surface Gold Mineralization At Boin Gold Deposit

VANCOUVER – Newcore Gold Ltd. reported additional drill results from the 45,000-metre drill program underway at the Enchi Gold Project in Ghana. Shallow Reverse Circulation (RC) drilling at the Boin Gold Deposit intersected multiple zones of near-surface gold mineralization, including hole KBRC370 which intersected 3.16 grams per tonne gold (g/t Au) over 3.0 metres (m) from 62 m. Hole KBRC368 also returned shallow gold mineralization, intersecting 0.78 g/t Au over 16.0 m from 16 m, with a higher-grade interval of 8.17 g/t Au over 1.0 m from 31 m. Drilling continues to demonstrate the continuity of gold mineralization and the potential for resource expansion at Enchi.
Drilling completed at the northwest area of Boin, a structure sub-parallel to the main zone at Boin, targeting previously undrilled portions of the mineralization. KBRC368 intersected 0.78 g/t Au over 16.0 m from 16 m, including a higher-grade interval of 8.17 g/t Au over 1.0 m from 31 m. KBRC369 intersected 0.51 g/t Au over 18.0 m from 44 m, with a higher-grade interval of 3.29 g/t Au over 2.0 m from 44 m.
Drilling intersected higher-grade intervals in the shallow fresh mineralization. KBRC370 intersected 3.16 g/t Au over 3.0 m from 62 m.
Final results from the completed first phase of RC drilling at Enchi, with ~98% of holes intersecting gold mineralization. Strong continuity of gold mineralization, with drilling required for resource conversion in advance of commissioning a Pre-Feasibility Study now complete.
Diamond drilling underway at Enchi to define higher-grade potential at depth. First assay results expected to be released in January 2026.
The 45,000-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 in its second phase and is 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 RC drilling targeted the drilling required for resource conversion to advance the Project to a Pre-Feasibility Study in H1 2026.
Luke Alexander, President and CEO, said, “We continue to see strong continuity of gold mineralization across the existing deposits at Enchi, including the potential for future resource growth at parallel structures across the property. With the first phase of RC drilling complete, technical work is being finalized to commission a Pre-Feasibility Study in early 2026, which remains on track for completion by the end of H1 2026. In tandem with development activities, the drill program has transitioned to exploration and resource growth, with diamond drilling underway targeting the high-grade potential at depth. With the initial drill holes from the deeper drilling complete, we anticipate the first results from this second phase of drilling in early 2026. Following a year focused on advancing the development pathway at Enchi, 2026 is expected to be an active year as we continue to advance development in tandem with exploration at our Enchi Gold Project to unlock the full potential of the district scale property.”