| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Newcore Gold Ltd. |
| Project name: | Enchi |
| Location: | Ghana |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 25.0m @ 1.98g/t Au from 3.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, BC – Newcore Gold Ltd. (“Newcore” or the “Company”) (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce additional drill results from the 90,000 metre drill program underway at the Company’s 100% owned Enchi Gold Project (“Enchi” or the “Project”) in Ghana. Reverse Circulation (“RC”) drilling on the southern end of the Sewum Gold Deposit (“Sewum”) at Enchi has intersected shallow high-grade oxide gold mineralization grading 1.98 grams per tonne gold (“g/t Au”) over 25.0 metres (“m”) from 3 m, as well as high-grade results in deeper sulphide mineralization including 2.14 g/t Au over 18.0 m from 123 m. Newcore’s ongoing drill program also includes testing previously drilled targets on the property. Diamond (“DD”) drilling at the Eradi Gold Target (“Eradi”) at Enchi has intersected wide gold mineralization grading 0.89 g/t Au over 47.8 m from 41.2 m, including 6.44 g/t Au over 2.5 m from 41.2 m and 2.14 g/t Au over 5.8 m from 54.2 m. This news release reports results for 42 holes totalling 4,890.5 m, including 28 RC holes totalling 2,701 m (SWRC143 to SWRC170) targeting the Sewum Gold Deposit (Sewum Extension and a parallel related structure) and 14 DD holes totalling 2,189.5 m (ERDD011 to ERDD023) targeting the Eradi Gold Target. 39 of the 42 holes intersected gold mineralization. |
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