Newcore Gold has announced additional drill results from the 35,000-metre drill programme underway at the company’s 100% owned Enchi Gold Project in Ghana. Shallow Reverse Circulation (RC) drilling at the Boin Gold Deposit (Boin) intersected multiple wide zones of gold mineralisation with higher-grade gold sub-intervals. Hole KBRC352 intersected 2.25 grams per tonne gold (g/t Au) over 56.0 metres (m) from 96 m, including a higher-grade interval of 3.83 g/t Au over 15.0 m from 122 m. Hole KBRC344 intersected 1.16 g/t Au over 72.0 m from 104 m, including a higher-grade interval of 3.06 g/t Au over 10.0 m from 114 m. Drilling continues to prove out the continuity of gold mineralisation and potential for resource growth at Enchi.
The 35 000-metre drill program underway at Enchi is focused on resource growth and infill drilling designed to convert Inferred Resources to Indicated. The goal of the first phase of drilling is completion of drilling required for resource conversion in advance of commissioning a Pre-Feasibility Study later this year. The second phase of the drill program will focus on discovery and resource growth, including drilling targeting earlier-stage exploration targets along with drilling focused on defining the resource growth potential at depth.
Highlights from Drilling at the Boin Gold Deposit at Enchi
- Shallow drilling in the north-central portion of the Boin Gold Deposit encountered wide zones of higher-grade gold mineralisation.
- KBRC352 intersected 2.25 g/t Au over 56.0 m from 96 m, including a higher-grade interval of 3.83 g/t Au over 15.0 m from 122 m.
- KBRC355 intersected 2.13 g/t Au over 29.0 m from 26 m.
- KBRC353 intersected 2.15 g/t Au over 24.0 m from surface.
- Drilling in the south-central portion of the Boin structure continues to intersect wide zones of gold mineralisation.
- KBRC344 intersected 1.16 g/t Au over 72.0 m from 104 m, including a higher-grade interval of 3.06 g/t Au over 10.0 m from 114 m.
- KBRC342 intersected 1.74 g/t Au over 38.0 m from 190 m, including a higher-grade interval of 3.67 g/t Au over 7.0 m from 218 m.
Luke Alexander, CEO of Newcore stated, "We are thrilled with the continued strong results from the 35,000-metre drill program underway at Enchi, with this set of results from Boin encountering some of the best intercepts to date at Boin, on a gram by metre basis. Importantly, drilling is not only encountering wide zones of mineralization and proving out the strong continuity of mineralisation, but drilling also continues to encounter higher-grade intervals that are above the currently defined resource grade. Additionally, drilling continues to encounter mineralization outside of the limits of the pit that currently constrains the resource at Boin with hole KBRC352 and KBRC344 ending in mineralization, highlighting the strong potential for future resource growth at depth. We look forward to continuing to highlight Enchi’s size and scale potential through the drill bit, with the drill program underway an important step in advancing and proving out the potential of our Enchi Gold Project in Ghana."
This release reports results for 14 RC holes totalling 2,055 m (KBRC342 to KBRC346, KBRC348 to KBRC356) targeting the Boin Gold Deposit, with all holes intersecting gold mineralisation. A total of 17,592 m in 142 holes have been reported as part of the ongoing 2024 - 2025 drill programme at Enchi.
Select assay results from the 14 holes of the drill program reported in this release are below:
2024 - 2025 Enchi Work Programme
A 35 000-metre drill program is underway at Enchi, targeting near-surface oxide and shallow sulphide mineralization with a primary goal of infill drilling for resource conversion to improve the confidence level of the existing Mineral Resource Estimate. Most of the infill drilling is allocated to the two largest deposits at Enchi, Boin and Sewum. Improving the confidence level of the Mineral Resource Estimate at Enchi is a key component of the development work required to be completed in advance of commissioning a Pre-Feasibility Study for the Project. A subset of the drill program will also focus on outlining resource growth, with all deposit areas and pre-resource targets at Enchi remaining open along strike and at depth, providing for future resource growth across the district-scale property.
Additional exploration and development work is on-going at Enchi, including metallurgical testwork, trenching, hydrogeological testing, geotechnical work, environmental work and soil sampling. Drone topographic surveys have been completed, expanding on previously completed work, at the Kwakyekrom and Tokosea deposit areas to provide detailed topographic information required to improve the confidence level of each deposit’s Mineral Resource Estimate. Additionally, the drone survey was completed across the proposed heap leach facility area to contribute additional data for future detailed engineering studies. An airborne magnetic survey tested grass roots targets related to a series of gold-in-soil anomalies and gold mineralization identified in trenching. Soil sampling is also currently being completed on the Omanpe and Abotia licenses with a goal of further defining early-stage targets across Enchi for future trenching and drilling.
Boin Gold Zone
Boin is one of the five deposits which comprise the Mineral Resource Estimate at Enchi (Boin has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au containing 258,200 ounces and Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au containing 349,600 ounces). Boin is located 10 kilometres south of the town of Enchi, with nearby roads and power and further access provided by a series of drill roads. Boin is outlined on surface by a greater than six-kilometre-long by up to one-kilometre-wide gold in soil anomaly. An airborne geophysical anomaly coincident with the Boin structure extends for a further kilometre north and three kilometres south beyond the limits of current drilling. To date, approximately 40% of the gold-in-soil anomaly at Boin is untested by drilling, with the average vertical depth of all holes drilled to date at Boin only down to 90 metres.
