Drill Tested Strike At Boin Extended To Over Four Kilometres
Newcore Gold Ltd (TSXV: NCAU, OTCQX: NCAUF) has hit a wide zone in additional drill results from the 66,000m programme underway at the company’s 100% owned Enchi Gold Project in Ghana.
Drilling at the Boin Gold Deposit has intersected 0.90 g/t Au 69.0m 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 mineralisation outside of the previously tested area by 400m to the north and one kilometre to the south. These results have now expanded the drill tested strike extent at Boin to over four km. Boin is outlined on surface by a greater than six-km-long by up to one-km-wide gold in soil anomaly. Approximately 50% of the surface anomaly is untested to date.
Prior to the start of the current 66,000m resource expansion and discovery drill programme, 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:
- Drilling on the northern extension of the deposit has extended the drill tested portion of the gold mineralisation by 400m to the north:
- Drilling intersected wide zones of mineralisation 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 69.0m from 55m to 124m, including 2.06 g/t Au over 12.0m from 61 m to 73m (mixed oxide and sulphide zone).
- Hole KBRC241 intersected 1.02 g/t Au over 36.0m from 76m to 112m, including 2.58 g/t Au over 7.0m from 95m to 102m (mixed oxide and sulphide zone), as well as an upper zone in the oxides grading 1.75 g/t Au over 9.0m from 34m to 43m.
- Mineralisation encountered in shallow oxides, hole KBRC233 intersected 3.50 g/t Au over 4.0 m from 39m to 43 m.
- Drilling on the southern extension has extended the drill tested portion of the gold mineralisation by one km to the south:
- Hole KBRC225, completed one km south of the previously tested area, intersected two gold mineralised zones. Results included 1.51 g/t Au over 2.0 m from 23m to 25m (oxide zone) and 0.67 g/t Au over 39.0m from 70m to 109m (mixed oxide and sulphide zone), including 1.60 g/t Au over 8.0m from 95m to 103 m (sulphide zone).
- Hole KBRC205, completed 500m south of the previously tested area, intersected shallow mineralisation with 0.53 g/t Au over 15.0m from 12m to 27m (oxide zone).
Greg Smith, Vice President of Exploration, said gold mineralisation has now been intersected at the Boin Gold Deposit along more than four kilometres 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 metres from prior drilling, with results continuing to define a series of sub-parallel structures that include wide mineralised zones with higher-grade core structures,” he said.
“Deeper drilling, targeting 200 to 300m vertical depth, is underway targeting depth extensions of these higher-grade shoots.”
