Business
Newcore Gold Completes 90,000 Metre Drill Program, Significantly Expanding the Mineralized Footprint at the Enchi Gold Project, Ghana
VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce
About this update from Newcore Gold Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. (\"Newcore\" or the \"Company\") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce final drill results and the completion of a successful 90,000 metre drill program at the Company’s 100% owned Enchi Gold Project (\"Enchi\" or the \"Project\") in Ghana. Newcore’s multi-pronged exploration approach delivered on its goals: Successfully outlined the potential resource growth along strike at all four deposits (Sewum, Boin, Nyam, Kwakyekrom); Encountered strong results at previously drilled zones outside of the resource area (Kojina Hill, Eradi); Intersected high-grade gold at depth, outlining the potential to delineate underground resources; and Identified new discoveries from successful first pass drilling on early-stage targets (Sewum South, Tokosea, Sewum Ext. Parallel Structure). The largest drill program to ever be completed on the Project was successful in highlighting the district scale potential across the 216 km2 property and the strong potential to delineate additional resources at Enchi. Results from the drill program will be incorporated into an updated Mineral Resource Estimate expected to be completed by the end of 2022. Newcore is now planning the next phase of discovery and resource expansion drilling at Enchi. Highlights from the 2020 - 2022 Drill Program at Enchi Largest drill program to ever be completed at Enchi (92,583 metres) with results highlighting the potential for significant resource growth across the Project. All deposits and targets remain open along strike and at depth, with drill results highlighting the potential for resource growth in both shallow oxides and at depth. Drilling intersected the highest-grade gold interval to date, outside the limits of the pit-constrained mineral resource area. RC hole KBRC250 at Boin intersected 95.16 g/t Au over 2.0 m from 109 m. Deepest Drilling to Date Completed on the Project, Intersected High-Grade Mineralization in the Sulphides. Drilling at Nyam defined two northerly plunging high-grade zones down to a depth of 300 metres which remain open for further expansion. Results include hole NBDD048 which intersected 4.51 g/t Au over 13.0 m from 236 m. Three New Discoveries from First Pass Drilling on New Structures. Drilling on a parallel structure at Sewum Extension, located 200 metres ...