Drilling Intersections At The Enchi Gold Project

VANCOUVER - Newcore Gold Ltd. reported additional drill results from the 66,000 meter drill program underway at the Enchi Gold Project in Ghana. Drilling at the Boin Gold Deposit ("Boin") has intersected 0.90 grams per tonne gold ("g/t Au") over 69.0 meters ("m") from 55 m, including 2.06 g/t Au over 12.0 m from 61 m, and 3.50 g/t Au over 4.0 m from 39 m. These results are from a series of exploration holes, expanding the gold mineralization outside of the previously tested area by 400 meters to the north and one kilometer to the south. These results have now expanded the drill tested strike extent at Boin to over four kilometers. Boin is outlined on surface by a greater than six-kilometer-long by up to one-kilometer-wide gold in soil anomaly. Approximately 50% of the surface anomaly is untested to date.  

Prior to the start of the current 66,000 meter resource expansion and discovery drill program, the Enchi Gold Project hosted a pit constrained Inferred Mineral Resource of 1.22 million ounces gold (contained within 52.9 million tonnes grading 0.72 g/t Au), which includes the Boin Gold Deposit at 533,000 ounces (contained within 19.8 million tonnes grading 0.84 g/t Au). The mineral resource at Boin remains open along strike and at depth.

Highlights from Drilling at Boin - Drilling on the northern extension of the deposit has extended the drill tested portion of the gold mineralization by 400 meters to the north: Drilling intersected wide zones of mineralization including high-grade core structures and multiple sub-parallel structures within the oxide zone and upper sulphide material; Hole KBRC236 intersected 0.90 g/t Au over 69.0 m from 55 m to 124 m, including 2.06 g/t Au over 12.0 m from 61 m to 73 m (mixed oxide and sulphide zone); Hole KBRC241 intersected 1.02 g/t Au over 36.0 m from 76 m to 112 m, including 2.58 g/t Au over 7.0 m from 95 m to 102 m (mixed oxide and sulphide zone), as well as an upper zone in the oxides grading 1.75 g/t Au over 9.0 m from 34 m to 43 m; Mineralization encountered in shallow oxides, hole KBRC233 intersected 3.50 g/t Au over 4.0 m from 39 m to 43 m. Drilling on the southern extension has extended the drill tested portion of the gold mineralization by one kilometer to the south: Hole KBRC225, completed one kilometer south of the previously tested area, intersected two gold mineralized zones. Results included 1.51 g/t Au over 2.0 m from 23 m to 25 m (oxide zone) and 0.67 g/t Au over 39.0 m from 70 m to 109 m (mixed oxide and sulphide zone), including 1.60 g/t Au over 8.0 m from 95 m to 103 m (sulphide zone); and Hole KBRC205, completed 500 meters south of the previously tested area, intersected shallow mineralization with 0.53 g/t Au over 15.0 m from 12 m to 27 m (oxide zone).

Greg Smith, Vice President of Exploration, said, "Gold mineralization has now been intersected at the Boin Gold Deposit along more than four kilometers of strike length and remains open to further expansion along strike and at depth. The 44 holes reported in this news release are exploration RC holes stepping out hundreds of meters from prior drilling, with results continuing to define a series of sub-parallel structures that include wide mineralized zones with higher-grade core structures. Deeper drilling, targeting 200 to 300 meters vertical depth, is underway targeting depth extensions of these higher-grade shoots."