Newcore Gold expands drill program at Boin Gold Deposit in Ghana, showing promising results.

From GlobeNewswire: 2025-02-28 06:02:00

Drilling at the Boin Gold Deposit in Ghana has yielded promising results, with multiple zones of gold mineralization intersected. The 2024-2025 drill program has been expanded to 35,000 meters, allowing for resource conversion and growth. Notable drill results include 1.28 g/t Au over 63.0 m and 2.18 g/t Au over 23.0 m. The program aims to advance towards a Pre-Feasibility Study later this year.

The Boin Gold Deposit continues to show significant potential for near-surface mineralization amenable to open pit mining. Results from recent drilling include 1.28 g/t Au over 63.0 m and 2.18 g/t Au over 23.0 m. The expanded drill program focuses on resource growth, with the majority of drilling aimed at defining resource potential at depth. The program aims to convert Inferred Resources to Indicated.

Newcore Gold Ltd. is increasing the size of its drill program at the Enchi Gold Project, showcasing strong financial support and successful equity financing. The program aims to unlock the district scale opportunity at Enchi and advance towards a Pre-Feasibility Study in the second half of 2025. The recent drill results highlight the resource growth potential at Boin and Sewum deposits.

Drilling activities at the Enchi Gold Project have been focused on Boin and Sewum deposits to improve the confidence level of the existing Mineral Resource Estimate. The recent drilling targeted areas classified as Inferred Resources, with the expectation of converting a substantial portion to the Indicated category. The program aims to continue defining resource growth potential across the district-scale property.

Newcore Gold is dedicated to best practice standards for exploration, sampling, and drilling activities. The company has granted equity incentives to employees, directors, and executives through restricted share units. The Enchi Gold Project in Ghana, Africa’s largest gold producer, offers prime exploration opportunities with top-tier leadership aligned with shareholders through equity ownership.



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