Newcore Gold Expands Drilling to 45,000 Metres at Enchi Gold Project, Ghana

Newcore Gold has announced a significant expansion of its drilling program at the 100%-owned Enchi Gold Project in Ghana, underscoring the company’s confidence in the project’s scale and resource growth potential. The program, now extended to 45,000 metres, forms part of Newcore’s broader strategy to advance exploration across the Sefwi-Bibiani Belt, a region renowned for hosting some of West Africa’s largest and most productive gold deposits, including Chirano, Bibiani, and Ahafo. Supported by a strong financial position of approximately US$10 million in cash, Newcore is well-equipped to sustain aggressive drilling and fast-track project development through to the next major milestone, the Pre-Feasibility Study (PFS) planned for late 2025.

The decision to expand drilling follows the strong results achieved in the first phase of the program, where 25,097 metres were completed across 207 reverse circulation (RC) drill holes. Impressively, 98.5 percent of these holes intersected gold mineralization, demonstrating the consistency and robustness of the Enchi mineral system. Key results include standout intersections such as 2.25 grams per tonne (g/t) gold over 56.0 metres at the Boin deposit, including a higher-grade section of 3.83 g/t over 15.0 metres, and 1.85 g/t over 62.0 metres at Sewum, with an internal high-grade core of 8.36 g/t over 10.0 metres. Notably, exceptional single-metre grades of 204.27 g/t at Boin and 184 g/t at Kojina Hill highlight the system’s potential for bonanza-grade zones.

Geological interpretation indicates that mineralization extends well beyond the current resource pit boundaries, suggesting considerable potential for resource expansion along strike and at depth. The newly emerging Kojina Hill target is gaining attention as a high-priority prospect, with drilling revealing strong mineral continuity and high-grade potential. Upcoming drilling will focus on converting Inferred Resources into Indicated Resources, a critical step toward de-risking the project ahead of the PFS. Additionally, deeper drilling aims to test for higher-grade zones that could enhance the project’s overall economics.

CEO Luke Alexander emphasized the “district-scale potential” of Enchi, noting that its location within a prolific gold belt and the company’s solid funding position create a compelling opportunity for sustained growth. The combination of geological continuity, infrastructure accessibility, and supportive local conditions reinforces Enchi’s status as one of Ghana’s most promising emerging gold assets.

For Ghana and the wider West African mining sector, Newcore Gold’s progress at Enchi underscores the ongoing attractiveness of the region as a global gold exploration hotspot. The project’s expansion contributes to strengthening Ghana’s position as Africa’s leading gold producer, while also generating potential long-term benefits for local employment, infrastructure, and investment. As exploration deepens, Enchi could play a vital role in advancing sustainable mineral development and regional economic diversification.

Mini-Glossary

• RC (Reverse Circulation) Drilling: A drilling method that uses compressed air to return rock cuttings to the surface, commonly used for mineral exploration.
• g/t (Grams per Tonne): A unit of measure expressing the concentration of gold or other precious metals within ore.
• Inferred and Indicated Resources: Categories used in mineral resource estimation; Inferred resources have limited geological confidence, while Indicated resources are supported by more detailed data.
• Pre-Feasibility Study (PFS): A technical and economic study that assesses whether a mining project is viable before committing to full development.
• Sefwi-Bibiani Belt: A major gold-bearing geological formation in Ghana known for hosting several high-grade, multi-million-ounce gold deposits.