Announcement Date: 2022-03-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Newcore Gold Ltd.
Project name: Enchi
Location: Ghana
Commodities: Gold
Highlight: Drilling results incl. 9.0m @ 3.52g/t Au from 74.0m
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 two new gold discoveries from the 90,000 metre drill program underway at the Company’s 100% owned Enchi Gold Project (“Enchi” or the “Project”) in Ghana. First pass Reverse Circulation (“RC”) drilling on two grassroots targets, Tokosea and Sewum South, intersected shallow oxide gold mineralization demonstrating the strong potential to delineate additional resource areas across the 216 km2 property. Drilling at Tokosea (located on the central portion of Enchi) intersected shallow high-grade oxide gold mineralization grading 3.52 grams per tonne gold (“g/t Au”) over 9.0 metres (“m”) from 74 m, including 7.36 g/t Au over 4.0 m from 77 m. Drilling at Sewum South (located at the southern end of Enchi, one of the largest previously undrilled targets identified on the Project) intersected 0.95 g/t Au over 15.0 m from 25 m, including 2.31 g/t Au over 5.0 m from 25 m.
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