Jan 14, 2025, 11:20 AM
Jan 14, 2025, 11:20 AM

Newcore Gold hits significant gold levels in Enchi drill results

Highlights
  • Newcore Gold Ltd. has been conducting a 10,000-metre drilling program at the Enchi Gold Project in Ghana, focused on the Boin Gold Deposit.
  • Recent drill results showed wide zones of gold mineralization, including some higher-grade intervals.
  • The ongoing drilling campaign aims to convert Inferred Resources into Indicated Resources, enhancing the project's potential for future growth.
Story

Located in Ghana, Newcore Gold Ltd. has been actively advancing its Enchi Gold Project, with drilling results announced on January 14, 2025. The company has been conducting a 10,000-metre drill program aimed at exploring the Boin Gold Deposit, where multiple Reverse Circulation (RC) drill holes have intersected gold mineralization. These results highlight a wider zone of gold mineralization with some of the drill holes revealing higher-grade intervals. The emphasis of the current drilling initiative is to convert Inferred Resources into Indicated Resources for future mining activity. The latest drilling report indicates positive results from holes KBRC316 and KBRC313, which intersected significant gold concentrations, showcasing continuity in the mineralization within the Boin Gold Deposit. The results are part of a broader resource growth and infill program designed to enhance the confidence level of the existing Mineral Resource Estimate as the mineral exploration and assessment efforts increase in Ghana, a country recognized as Africa’s largest gold producer. The enhanced understanding of resource distribution should lead to improved economics and mining strategies for Newcore. Looking forward, Newcore leadership, including President and CEO Luke Alexander, expressed optimism regarding the year ahead, suggesting that the ongoing drilling campaign was key to further validating the project’s potential. The airborne geophysical anomaly at Boin significantly extends outside the current drilling limits, with much of the surrounding area still untested. As such, this geological feature presents new opportunities for resource discovery. The implications of these results extend to investors and stakeholders, as increasing gold reserves could translate into not only enhanced mining operations but also better financial returns. The company aims at creating a positive environment for future growth, with an eye toward both local and international investment opportunities hinging on these findings.

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