Increases Drill Programme To 90,000m In Ghana
Newcore Gold Ltd (TSXV: NCAU, OTCQX: NCAUF) has elected to significantly increase its drilling programme at the company’s 100% owned Enchi Gold in Ghana.
Following recent drilling success and the completion of an $11.5 million equity financing, the company has increased its 2020 – 2021 drill programme to 90,000m.
The company also revealed additional drill results at the Boin Gold Deposit at Enchi intersecting 1.00 grams per tonne gold (g/t Au) over 103.0m from 113 m, as well as an additional near surface interval in the same hole of 0.63 g/t Au over 40.0 m from 27 m.
Drilling at the Sewum Gold Deposit Enchi has intersected 0.63 g/t Au over 77.0m from 4.0m, including 0.72 g/t Au over 36.0m from 4.0m in the oxides and 1.22 g/t Au over 14.0m from 53m in the sulphides.
Vice President of Exploration, Greg Smith, said these results continue to encounter wide zones of mineralisation near surface, expanding the mineralised area outside the existing pit constrained resource.
Highlights from Drilling at Boin and Sewum
- Drilling on the northern portion of the Boin Gold Deposit has encountered wide zones of gold mineralization, extending the drill tested gold mineralisation down dip.
- Hole KBRC276 intersected 1.00 g/t Au over 103.0m from 113m to 216m (sulphide zone), including a series of higher-grade structures:
- 4.16 g/t Au over 5.0m from 121 m to 126m;
- 2.91 g/t Au over 1.0m from 132m to 133m; and
- 1.67 g/t Au over 16.0m from 198m to 214m.
- Hole KBRC276 intersected two additional mineralised structures with 0.64 g/t Au over 12.0m from 91m to 10m (sulphide zone), and 0.63 g/t Au over 40.0 m from 27 m to 67 m (oxide transitioning to sulphide zone) including 3.42 g/t Au over 2.0 m from 44 m.
- Hole KBRC278 intersected 1.49 g/t Au over 15.0 m from 117 m to 132 m (sulphide zone), including 2.44 g/t Au over 6.0 m from 123 m.
- Hole KBRC276 intersected 1.00 g/t Au over 103.0m from 113m to 216m (sulphide zone), including a series of higher-grade structures:
- Drilling on the Sewum Gold Deposit continues to intersect multiple wide zones of gold mineralisation near surface.
- Hole SWRC107 intersected a wide zone of mineraliation near surface of 0.63 g/t Au over 77.0 m from 4 m to 81 m (oxide transitioning to sulphide zone), including 0.72 g/t Au over 36.0 m from 4 m (oxide) and 1.22 g/t Au over 14.0 m from 53 m (sulphide).
“We continue to highlight the potential for resource growth at Enchi, with wide zones of near-surface gold mineralisation encountered at Sewum and Boin, the two gold deposits that comprise the majority of the currently defined mineral resource at Enchi,” Mr Smith said.
“We also continue to increase our knowledge of the geology, structure and mineralisation at each of the deposits, targeting the deeper high grade feeder structures. We are excited to be in a strong financial position to continue to unlock the district scale opportunity at our Enchi Gold Project, with Newcore well-funded to continue to drill the Project into 2022.”
For further information please visit: https://newcoregold.com/
