Newcore Gold (TSXV:NCAU) has announced additional drill results from its ongoing 10,000-meter drill program at the Enchi Gold Project in Ghana. The results include gold intercepts from the Boin Gold Deposit, part of the company’s 100%-owned project.

Highlights from Recent Drilling

The Reverse Circulation (RC) drilling at Boin has revealed substantial gold mineralization, reinforcing the deposit’s potential. Highlights include:

•Hole KBRC316 intersected 0.97 grams per tonne (g/t) gold over 96.0 meters (m) from 100 m, with a higher-grade interval of 2.05 g/t over 10.0 m from 163 m.

•Hole KBRC313 intersected 1.06 g/t gold over 81.0 m from 127 m, including 2.50 g/t over 17.0 m from 132 m.

•Additional intercepts include 0.86 g/t over 62.0 m from hole KBRC314 and 0.70 g/t over 73.0 m from hole KBRC317.

The drilling program aims to convert Inferred Resources to Indicated status, improving the confidence level of the Mineral Resource Estimate. All drill holes reported have intersected gold mineralization, supporting the continuity of mineralization across the Boin deposit.

Drilling Objectives and Scope

Drilling at Boin focused on near-surface oxide and shallow sulphide mineralization. The program utilized 50-meter spaced sections, with drill holes spaced 25 meters apart. The drill results cover a one-kilometer strike length and confirm the continuity of the gold-bearing structure, consistent with previous, wider-spaced drilling.

Several holes penetrated mineralization beyond the current pit shell defined in the Mineral Resource Estimate. This suggests potential for resource expansion and future upgrades to the resource classification.

2024–2025 Work Program

The 10,000-meter RC drill program is part of a broader effort to enhance resource confidence and growth at Enchi. Most of the drilling targets the Boin and Sewum deposits, which hold the largest resources within the project.

The company is also conducting additional exploration and development work, including:

•Metallurgical testing

•Drone topographic surveys

•Airborne magnetic surveys

•Trenching and soil sampling

•Hydrogeological, environmental, and geotechnical studies

These efforts aim to provide comprehensive data for future engineering and feasibility studies.

Boin Gold Deposit Overview

Boin is one of five deposits at Enchi, located 10 kilometers south of the town of Enchi. It has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t gold for 258,200 ounces and an Inferred Resource of 15.9 million tonnes grading 0.68 g/t gold for 349,600 ounces.

The deposit is outlined by a six-kilometer-long gold-in-soil anomaly, with only about 60% of the anomaly tested by drilling. The average vertical depth of drilling at Boin remains shallow at 90 meters, leaving significant room for expansion.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.