Northwire Canada EditionWednesday, August 5, 2026
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Drill Results

Newcore Gold drills one m of 173.75 g/t Au at Enchi

By The Northwire Desk — AI Analysis Jan 07, 2026 · 03:13 NCAU · 0.74 Newcore Gold Ltd.
NCAU · Price

Executive Summary

  • Newcore Gold Ltd. released initial diamond drill results from its ongoing 45,000-metre program at the Enchi gold project in Ghana, specifically targeting the Boin deposit.
  • The results highlight high-grade gold mineralization at depth, with the deepest drilling to date intersecting significant intervals, confirming the continuity of mineralization and potential for resource expansion.
  • The company is advancing toward a prefeasibility study in the first half of 2026, with current drilling focused on infill for resource conversion and testing depth extensions.

Key Details

  • Hole KBDD098: Intersected 173.75 g/t Au over 1.0 m from 264 m (true width unknown); associated with a quartz vein structure with abundant fine pyrite.
  • Hole KBDD097: Intersected 3.54 g/t Au over 23.0 m from 253 m, including a higher-grade interval of 6.92 g/t Au over 8.0 m from 256 m; hosted in greywacke and minor phyllite with multiple quartz veins.
  • Hole KBDD088: Intersected 2.03 g/t Au over 16.5 m from 190 m, including a higher-grade interval of 3.90 g/t Au over 4.0 m from 195 m.
  • Hole KBDD095: Intersected 2.34 g/t Au over 8.5 m from 271 m, including a higher-grade interval of 7.50 g/t Au over 2.5 m from 272 m.
  • Hole KBDD096: Intersected 0.69 g/t Au over 36.5 m from 363 m, including a higher-grade interval of 2.34 g/t Au over 2.0 m from 385 m; encountered the deepest gold mineralization to date on the Boin structure at a vertical depth of 370 metres.
  • Drill Program Scope: The release reports results for five DD holes totaling 1,699 m. A total of 31,189 m in 242 holes have been reported as part of the continuing program, with 98% of holes intersecting gold mineralization.
  • Project Status: The 45,000-metre drill program commenced in August 2024. Phase 1 focused on reverse circulation (RC) infill drilling for resource conversion at Boin and Sewum deposits. Phase 2 targets discovery and resource growth, including depth extensions.
  • Boin Deposit Resources: Indicated mineral resource of 13.0 million tonnes grading 0.62 g/t Au (258,200 oz); Inferred mineral resource of 15.9 million tonnes grading 0.68 g/t Au (349,600 oz).
  • Enchi Project Resources: Indicated mineral resource of 41.7 million tonnes grading 0.55 g/t Au (743,500 oz); Inferred mineral resource of 46.6 million tonnes grading 0.65 g/t Au (972,000 oz).
  • Development Work: Supporting a prefeasibility study, including metallurgical test work, hydrogeological testing, geotechnical work, and environmental work.

Notable Quotes

  • Luke Alexander, President and CEO: "We are pleased to report the first set of results from our ongoing drilling program at Enchi... These results include the deepest drilling completed to date at Enchi... confirming that the Boin deposit remains open at depth."
  • Greg Smith, VP Exploration: "These initial set of diamond drill results... continue to prove our geological model, which supports the potential for resource growth driven by higher-grade mineralization at depth."
Read the original news release →

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