Start Of Drill Program At The Enchi Gold Project

VANCOUVER - Newcore Gold Ltd. reported the commencement of an 8,000 meter Reverse Circulation (RC) drill program on the 100% owned Enchi Gold Project located in Southwest Ghana.

Luke Alexander, President and CEO, said, “We are extremely excited to be back on the ground drilling at Enchi for the first time since 2018. The 8,000 m drill program is focused on expanding the current inferred resource as well as testing new gold targets within our extensive 216 km2 land package. With its district scale potential.”

The work will include approximately 60 holes totaling 8,000 meters. Targets are primarily step out extensions and exploration drilling on the Boin, Sewum, and Nyam Deposits. Additionally, drilling will be directed at two new zones outside of the Inferred Resource; Kojina Hill and Kwakyekrom, and one gold anomaly which has never been drilled, Nkwanta.

All zones represent high priority targets based on geological, geochemical and geophysical surface work and previous trenching and drilling.

A total of 5,400 meters (>65% of the program) will be directed at extending the existing deposits at Boin, Sewum, and Nyam including down-dip extensions and holes targeted to expand the zones along strike.

An added 2,000 meters (25% of the program) will be testing previously drilled zones with prior gold intercepts including 37.0 meters grading 1.34 g/t Au at Kojina Hill, and 22.0 meters grading 0.94 g/t Au at Kwakyekrom.

First pass drilling will also be completed on the Nkwanta Anomaly, a 2.5 kilometer by 1.5 kilometer gold-in-soil anomalous zone which has no previous drilling.

Several additional kilometer-scale surface anomalies have been defined on the Enchi Gold Project. Further exploration in 2020 will include prospecting, geochemical sampling and trenching.