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Newcore Gold Intersects 2.35 g/t Gold Over 11.0 Metres and 4.71 g/t Gold Over 6.0 Metres, at the Enchi Gold Project, Ghana
VANCOUVER, British Columbia, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU) is pleased to provide an update on t
About this update from Newcore Gold Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. (\"Newcore\" or the \"Company\") (TSX-V: NCAU) is pleased to provide an update on the work program underway at the Company’s 100% owned Enchi Gold Project (\"Enchi\" or the \"Project\") in Ghana, including additional results from the on-going 58,000 metre drill program. Drilling has intersected 2.35 grams per tonne gold (\"g/t Au\") over 11.0 metres (\"m\") from 99 m, as well as 4.71 g/t Au over 6.0 m from 34 m, at the Kwakyekrom Gold Target (\"Kwakyekrom\") at Enchi. Drilling intersected both shallow oxide and deeper sulphide mineralization in target areas that have been previously drilled but where there currently is no defined mineral resource. Newcore is also pleased to announce it has engaged BBA Inc. independent engineering consultants to prepare an updated National Instrument 43-101 (\"NI 43-101\") Preliminary Economic Assessment (\"PEA\") study for the Project, with completion targeted for the end of Q1 2021. Highlights Drill results from holes drilled at Kwakyekrom and Kojina Hill include: Hole KKRC018 intersected 2.35 g/t Au over 11.0 m from 99 m to 110 m (sulphide zone). Hole KKRC023 intersected 4.71 g/t Au over 6.0 m from 34 m to 40 m (oxide zone). Hole KJRC017 intersected 1.09 g/t Au over 20.0 m from 125 m to 145 m, including 2.52 g/t Au over 4.0 m from 125 m to 129 m (sulphide zone). A third drill rig is now on site. This diamond drill rig will complete the first planned deep drilling on the Project. Updated PEA commissioned. Completion targeted for the end of Q1 2021. Drilling on the Project continues with the current on-going 58,000 metre discovery and resource expansion drilling focused on drilling extensions to the existing resource zones, drilling previously drilled zones that are outside of current resources, and first pass discovery drilling to test a series of kilometre-scale gold-in-soil and geophysical anomalous zones with no prior drilling. Luke Alexander, President & CEO of Newcore stated, \"We are very happy with the progress we are making at Enchi, with a record number of metres drilled in November as we ramp-up the pace of drilling by adding a third drill rig to our on-going 58,000 metre program. We are also encouraged by the results received to date from drilling on zones that are outside of current resource areas,...