Newcore Gold has reported exceptionally high-grade gold intercepts from its ongoing 35,000-metre drill programme at the Enchi Gold Project in Ghana, further highlighting the project’s resource growth potential.

The standout result comes from reverse circulation (RC) hole KJRC033, which intersected 184 grams per tonne (g/t) gold over 1.0 metre from a depth of 126 metres at the Kojina Hill Gold Target. This intercept forms part of a 24-metre contiguous zone of gold mineralisation, confirming high-grade gold potential at this pre-resource target.

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Additionally, hole KJRC034 intersected 3.06 g/t gold over 13.0 metres from the surface, including higher-grade intervals of 8.09 g/t over 3.0 metres from 2 metres depth and 4.59 g/t over 3.0 metres from 9 metres, emphasising the near-surface oxide mineralisation potential.

“Drilling at Kojina Hill continues to highlight the potential for both near-surface oxide and deeper high-grade gold zones,” said Greg Smith, VP of Exploration at Newcore.

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“The 184 g/t gold intercept in KJRC033 represents the third-highest grade ever drilled at Enchi on a gram-metre basis, and we’re excited about the opportunities it presents as we advance our second phase of drilling.”

Key drilling highlights at Kojina Hill

• KJRC033:
  • 184 g/t Au over 1.0 m from 126 m
  • Within a 24 m mineralised zone also including:
    • 1.08 g/t Au over 7.0 m from 127 m
    • 0.57 g/t Au over 10.0 m from 138 m
• KJRC034:
  • 3.06 g/t Au over 13.0 m from surface
    • Including 8.09 g/t Au over 3.0 m from 2 m
    • And 4.59 g/t Au over 3.0 m from 9 m
• KJRC036:
  • 0.58 g/t Au over 14.0 m from surface
  • 0.43 g/t Au over 19.0 m from 24 m
• KJRC037:
  • 0.57 g/t Au over 29.0 m from 20 m
    • Including 1.29 g/t Au over 6.0 m from 21 m

All seven holes reported in this release (KJRC032 to KJRC038) intersected gold mineralisation. These results confirm both the consistency and scale of mineralised structures at Kojina Hill, a key target for future resource definition.

Exploration potential

Kojina Hill remains outside of the current resource estimate for the Enchi Gold Project, underscoring its value as a growth asset. The target lies just 1.5 km west of the Nyam Deposit and sits on a two-kilometre-long gold-in-soil anomaly, of which less than 50% has been tested.

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Drilling to date at Kojina Hill totals 3,532 metres across 21 RC holes, with the current round of results confirming mineralisation at vertical depths up to 150 metres. Follow-up field QA/QC assays also validated the exceptional grades reported, including a retested interval of 225.07 g/t gold over 1.0 m in KJRC033.

Newcore’s Enchi Gold Project covers a district-scale, 248 km² land package in Ghana’s Sefwi-Bibiani gold belt, a prolific region that hosts multiple large-scale gold operations.

As of the latest NI 43-101 Mineral Resource Estimate (April 2024), Enchi hosts:

• Indicated: 743,500 ounces of gold at 0.55 g/t Au
• Inferred: 972,000 ounces of gold at 0.65 g/t Au

The current 35,000-metre drill programme (2024–2025) aims to:

• Convert inferred resources to indicated at the Boin and Sewum deposits
• Expand resources along strike and at depth
• Advance multiple early-stage targets, including Kojina Hill

Advancing towards Pre-feasibility

The drill programme is part of a broader development plan, including metallurgical testing, trenching, geotechnical studies, drone topographic surveys, and environmental work, in preparation for a pre-feasibility study later in 2025.

With mineralisation at Enchi drilled only to an average depth of 125 metres, and nearby mines extending much deeper, the company believes significant blue-sky potential remains for deeper resource expansion.