Newcore Gold announces significant gold drilling results in Ghana

On May 7, 2025, Newcore Gold Ltd. reported significant new drilling results from its Enchi Gold Project in Ghana, which is currently undergoing an extensive 35,000-metre drill program. The results detail the discovery of gold mineralization within the Boin Gold Deposit, including hole KBRC352, which intersected 2.25 grams per tonne gold over a significant 56 meters. Additionally, hole KBRC344 showcased 1.16 g/t Au over 72 meters, with both holes revealing higher-grade intervals within their respective depths. These findings reflect the ongoing efforts to enhance the understanding and potential of gold resources in the area. The drill exploration aims to confirm continuity and increases in gold mineralization while focusing on the near-surface oxide and shallow sulphide deposits. The ongoing campaign also represents a strategic move to upgrade the confidence levels regarding the existing Mineral Resource Estimate, which includes an Indicated resource of 41.7 million tonnes grading 0.55 g/t Au and an Inferred resource of 46.6 million tonnes grading 0.65 g/t Au. Newcore aims to define early-stage targets across its project area through additional soil sampling and potential trenching. The results affirm the ongoing drilling's effectiveness in enhancing the understanding of the geological structures within the Boin Gold Deposit. The extraction methods and metallurgical assessments are also anticipated to help identify and refine future exploration and development strategies. With about 40% of the gold-in-soil anomaly remaining untested at Boin, combined with the geological anomalies extending beyond current drilling limits, the potential for resource growth appears substantial. This new data is viewed by Newcore as a critical step in validating the prospects of the Enchi Gold Project, supporting the belief in the area's significant gold potential. Investors and stakeholders are encouraged to maintain a close watch on subsequent results from the drill campaign, as they may provide further insights that could influence the Company’s project development trajectory significantly.