Newcore Gold has announced encouraging new drill results from its ongoing programme at the 100%-owned Enchi Gold Project in southwestern Ghana. The latest results reinforce the project’s strong potential for both near-surface resource expansion and deeper mineralised extensions, further enhancing the company’s growth strategy in West Africa.

The company reported results from 24 reverse circulation (RC) holes, totalling 3,843 metres, completed at the Kwakyekrom Gold Deposit, one of the main deposits within the Enchi project. These results confirm the continuity of gold mineralisation beyond the boundaries of the current resource and highlight opportunities to expand the known deposit along strike and at depth.

Highlights from drilling at Kwakyekrom

• Drilling targeted and intersected gold mineralisation outside the current limits of the pit-constrained Mineral Resource Estimate, emphasising the potential for future resource growth at Enchi.
• Hole KKRC099: intersected 1.08 g/t Au over 22.0 metres from 112 metres, including a higher-grade interval of 2.78 g/t Au over 7.0 metres from 126 metres.
• Hole KKRC085A: intersected 1.29 g/t Au over 15.0 metres from 88 metres.
• Drilling continues to define a series of sub-parallel gold mineralised structures, demonstrating continuity along multiple orientations.
• Gold mineralisation was intersected on both the northern and southern extents of Kwakyekrom, effectively extending the mineralisation beyond the current pit-constrained resource.
• All holes intersected gold mineralisation, with drilling targeting shallow zones within the oxide, transition, and upper fresh mineral horizons.

These results form part of a 45,000-metre drill programme designed to both convert inferred resources to indicated resources and explore for potential extensions beyond the known deposit. To date, 231 holes totalling 28,940 metres have been completed in the 2024–2025 programme, with 98.7% of holes intersecting gold, highlighting the consistency and reliability of mineralisation across the project area.

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Newcore Gold expands drilling to 45,000 metres at Enchi Gold Project

CEO Luke Alexander said, “The drilling we recently completed at Kwakyekrom continues to highlight the resource growth potential at Enchi, with these results highlighting the opportunity to expand the current deposit at Kwakyekrom both within the near-surface mineralisation as well as at depth.

“This drilling has further defined the continuity of the gold mineralisation along the edges of the current pits that constrain the current Mineral Resource Estimate at Kwakyekrom, while also extending the known mineralisation to both the north and south. We look forward to continuing to highlight the growth potential that exists at our Enchi Gold Project in Ghana through the drill bit, in tandem with advancing the project to a pre-feasibility study in H1 2026.”

Resource potential

The Enchi Gold Project currently hosts a pit-constrained mineral resource estimate of 41.7 million tonnes at 0.55 g/t Au (Indicated) for approximately 743,500 ounces and 46.6 million tonnes at 0.65 g/t Au (Inferred) for roughly 972,000 ounces. The deposit remains open along strike and at depth, providing significant potential for future resource growth.

Enchi lies along the highly productive Bibiani Shear Zone, which hosts several multi-million-ounce gold deposits, including Chirano and Bibiani. Newcore’s drill programme is targeting both near-surface oxide mineralisation, which could be accessed with conventional open-pit methods, and deeper sulphide mineralisation, with potential for expansion into a long-life, scalable mining operation.

The company’s phased strategy combines resource growth with project advancement, aiming for a Pre-Feasibility Study (PFS) in H1 2026. The consistent drill results, high hit rates, and identification of sub-parallel mineralised structures provide strong confidence in Enchi’s ability to host a significant, economically viable gold resource.

With the Enchi project covering 248 square kilometres, Newcore is well-positioned to deliver long-term shareholder value through both near-term exploration success and mid-term project development. These latest results confirm that Enchi remains a high-potential gold project in Ghana, capable of supporting future mine development and adding meaningful ounces to Newcore’s growing portfolio.