By: Mining Review Africa

Newcore Gold has reported positive new drill results from its ongoing program at the 100%-owned Enchi Gold Project in southwestern Ghana. The latest findings reinforce the project's potential for near-surface resource expansion and the identification of deeper mineralized extensions, supporting the company's growth strategy in West Africa.

The results are from 24 reverse circulation (RC) holes, totaling 3,843 metres, completed at the Kwakyekrom Gold Deposit, a key deposit within the Enchi project. These results confirm the continuity of gold mineralization beyond the boundaries of the current resource, highlighting opportunities to expand the known deposit along strike and at depth.

Key Highlights from Kwakyekrom Drilling:

• The drilling successfully intersected gold mineralization outside the current limits of the pit-constrained Mineral Resource Estimate.
• Notable results include hole KKRC099, which intersected 1.08 grams per tonne gold (g/t Au) over 22.0 metres from 112 metres depth, including a higher-grade interval of 2.78 g/t Au over 7.0 metres.
• Another significant result, hole KKRC085A, intersected 1.29 g/t Au over 15.0 metres from 88 metres.
• The program has defined a series of sub-parallel gold-mineralized structures, demonstrating continuity. Mineralization was extended on both the northern and southern extents of Kwakyekrom, beyond the current resource model.
• All holes intersected gold mineralization, targeting shallow zones within the oxide, transition, and upper fresh mineral horizons.

These results form part of a larger 45,000-metre drill program designed to convert inferred resources to the indicated category and explore for new extensions. To date, 231 holes totaling 28,940 metres have been completed in the 2024–2025 program, with 98.7% of holes intersecting gold, underscoring the consistency of mineralization across the project.

Luke Alexander, CEO of Newcore Gold, commented on the results, stating that the drilling continues to highlight the resource growth potential at Enchi. He noted that the results illustrate the opportunity to expand the current deposit at Kwakyekrom both within near-surface mineralization and at depth. Alexander added that the company looks forward to continuing to demonstrate the project's growth potential through drilling, alongside advancing toward a pre-feasibility study in the first half of 2026.

Resource Potential and Strategic Position

The Enchi Gold Project currently hosts a pit-constrained mineral resource estimate of 41.7 million tonnes at 0.55 g/t Au (Indicated) for approximately 743,500 ounces and 46.6 million tonnes at 0.65 g/t Au (Inferred) for roughly 972,000 ounces. The deposit remains open along strike and at depth, indicating significant potential for future growth.

The project is situated along the prolific Bibiani Shear Zone, which hosts several multi-million-ounce gold deposits. Newcore's phased strategy, which combines resource growth with project advancement, aims to deliver a Pre-Feasibility Study (PFS) in H1 2026. With the Enchi project covering 248 square kilometres, the company is positioned to deliver long-term shareholder value through continued exploration success and project development.