Newcore Gold Reports Record Gold Intersections at Enchi Project

Newcore Gold Announces Exceptional Drilling Results at Enchi Gold Project

The Enchi Gold Project has showcased its potential yet again with remarkable drilling results, marking a significant milestone for Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF). The latest drill program has revealed extraordinary gold intervals, reinforcing Enchi's status as a burgeoning gold deposit.

Outstanding Drilling Highlights

Recent drilling at the Boin Gold Deposit within the Enchi Gold Project has intersected some of the highest-grade gold intervals ever recorded in the region. Noteworthy results include:

Record Gold Intervals

Drill hole KBRC301 revealed an astounding 204 grams per tonne gold over a length of 1.0 metre, setting a new high for the project. Following closely was hole KBRC307A, which encountered 3.36 g/t gold over 28 metres, including a striking high-grade section of 37.58 g/t gold over 2, demonstrating the exceptional gold mineralization present at this site.

Continuous Mineralization

These results not only exemplify the richness of the Boin Gold Deposit but also indicate a significant continuity in gold mineralization across the site, further enhancing the resource growth potential of the entire project.

CEO Insights on the Successful Drilling Program

Luke Alexander, the President and CEO of Newcore, expressed his enthusiasm about the ongoing drill program, stating, "The results we are obtaining from our extensive drilling program reinforce our understanding of the high-quality resource that exists at Enchi. The record interval we achieved showcases the potential that lies within the sulphide mineralization of our project." The commitment to continuing this exploration underlines Newcore's goal of elevating the confidence in its resources and expanding its mineral estimates.

Future Exploration and Development Plans

As part of the broader strategic direction, the 10,000-metre drill program aims to transition Inferred Resources to Indicated status, which is crucial for future mining operations. Aside from focusing on the most promising areas like the Boin and Sewum deposits, efforts will also be made to enhance other pre-resource targets across the Enchi site.

Additional Exploration Activities

In addition to drilling, Newcore Gold is actively pursuing many other exploration initiatives, including metallurgical testing and geophysical surveys, to ensure a robust understanding of the resources at Enchi. This holistic approach seeks not only to confirm existing resources but also to identify new areas of potential development.

Resource Estimate and Growth Potential

The current mineral resource estimate for the Enchi Gold Project indicates an Indicated resource of 41.7 million tonnes at 0.55 g/t gold, containing 743,500 ounces of gold. This estimate highlights the significant gold potential within the project considering only approximately 40% of the identified gold-in-soil anomalies have been tested. The untested areas signal exciting opportunities for discovery and resource addition.

Conclusion

Newcore Gold's advancements at the Enchi Gold Project are compelling, given its capacity for substantial resource growth backed by impressive drill results. The company's dedication to exploration and diligent focus on high-quality drilling places it in a strong position to further develop its assets in a highly prospective region.

Frequently Asked Questions

What results did Newcore Gold announce from the Enchi Gold Project?

Newcore Gold reported exceptional drill results, including 204 g/t gold over 1.0 metre in drill hole KBRC301 and 3.36 g/t over 28 metres in KBRC307A.

What is the significance of the drill program at Enchi?

The ongoing 10,000-metre drill program aims to improve resource estimates by converting Inferred Resources to Indicated status while proving the continuity of gold mineralization.

How much gold is currently estimated at the Enchi Gold Project?

The Enchi Gold Project hosts an Indicated resource of 41.7 million tonnes grading 0.55 g/t gold, containing approximately 743,500 ounces of gold.

What future plans does Newcore Gold have for exploration?

Newcore plans further drilling, metallurgical studies, and geophysical surveys to fully realize the potential of the Enchi Gold Project and enhance resource estimates.

Who can investors contact for more information about Newcore Gold?

Investors can reach out to Mal Karwowska, Vice President of Corporate Development and Investor Relations, at +1 604 484 4399 or via email at info@newcoregold.com.

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