Obtains 79.8% Average Gold Recoveries From Kwakyekrom Metallurgical Testwork
Newcore Gold Ltd (TSXV: NCAU, OTCQX: NCAUF) has obtained additional positive drill results from the 66,000m programme underway at the company’s 100% owned Enchi Gold Project in Ghana.
Drilling at the Kwakyekrom Gold Target has intersected 0.61 grams per tonne gold (g/t Au) over 50m from 148m, including 1.36 g/t Au over 9.0m from 164m, and 1.19 g/t Au over 20.0m from 112m, including 2.75 g/t Au over 5.0m from 113m.
Greg Smith, Vice President of Exploration, said these results continue to expand the gold mineralisation outside of the previously tested area, including down dip and along strike to the south by 500 metres.
These results have now expanded the drill tested strike extent to 1.3 km at Kwakyekrom, a target which is outlined on surface by a four-kilometre-long by one-to-two-kilometre-wide gold-in-soil anomaly.
Newcore has also received positive metallurgical results from bottle roll tests completed on the Kwakyekrom Gold Target, with samples achieving an average gold recovery of 79.8%. Kwakyekrom is one of the most advanced exploration targets at Enchi with no currently defined gold resource.
Highlights
• Drilling at Kwakyekrom has intersected wide zones of mineralization, including high-grade core structures, extending the zone down dip:
O Deepest intercepts to date on the central portion of the target, with holes KKRC051 and KKRC056 crossing the main structure approximately 150 metres vertically below surface.
O Hole KKRC051 intersected 0.61 g/t Au over 50.0 m from 148 m to 198 m, including
1.36 g/t Au over 9.0 m from 164 m to 173 m (sulphide zone).
• Drilling continues to expand the gold mineralisation within the near surface oxide zone and upper portions of the sulphide mineralisation at Kwakyekrom:
O Hole KKRC055 intersected two gold mineralised zones, 1.21 g/t Au over 4.0 m from 8 m to 12 m (oxide zone) and 0.94
Newcore is in the final stages of completing an updated PEA study for the Project, with completion targeted before the end of Q2 2021.
“Drilling at Kwakyekrom continues to define and grow the potential extent of gold mineralisation, both along strike and down dip,” Mr Smith said.
“With these results including the deepest intercepts to date on the central portion of the target, we have now crossed the main gold-bearing structure at a vertical depth of approximately 150 metres below surface.
“In addition, we continue to extend the known mineralisation along strike with this set of drill results encountering mineralisation 500m to the south of prior drilling.
“Further drilling is planned in 2021 at this priority exploration target which is one of the most advanced exploration targets on the property without an existing resource.”
A total of 43,380m in 261 holes have been completed as part of the ongoing 2020 – 2021 drill programme at Enchi.
For the total planned 66,000m drill programme, assay results have now been received and released for 202 holes representing 32,867m.
The Enchi Gold Project hosts a pit constrained Inferred Mineral Resource of 52.9 million tonnes grading 0.72 g/t Au containing 1.22 million ounces gold.
