Newcore Gold Hits 2.59 g/t Over 69 Metres at Ghana's Enchi Project

Newcore Gold reported one of the widest and highest grade-thickness intervals yet drilled at its Boin deposit on the Enchi Gold Project in Ghana. Hole KBRC411 returned 2.59 grams per tonne gold over 69 metres from 58 metres depth, including a higher-grade section of 6.41 g/t over 24 metres, the company said in a release on Thursday.

The intercept stands out among the 295 holes reported so far from the ongoing 80,000-metre drill program at Enchi. The company described it as one of the widest and highest grade-thickness zones encountered at Boin to date. The drilling targeted shallow mineralization within the central part of the deposit for reserve conversion and mine plan optimization.

Results for seven reverse-circulation holes totalling 960 metres were released. All seven holes hit gold mineralization. Hole KBRC414, collared 100 metres south of KBRC411, intersected 0.83 g/t gold over 32 metres, including 3.37 g/t over 6 metres. Hole KBRC404, 500 metres south, returned 0.68 g/t over 22 metres, including 1.64 g/t over 7 metres.

Boin is one of four deposits that make up Enchi’s mineral reserve and resource base. The deposit carries a probable reserve of 15.9 million tonnes grading 0.84 g/t for 429,000 ounces, an indicated resource of 23.5 million tonnes at 0.73 g/t for 550,000 ounces, and an inferred resource of 9.2 million tonnes at 0.60 g/t for 178,000 ounces, all from the most recent estimate published in March 2026. That estimate formed the basis for a pre-feasibility study completed in June 2026, which outlined an open-pit, standard milling and carbon-in-leach operation processing 5.5 million tonnes per year under contract mining. Development work at Enchi continues with metallurgical testing, hydrogeological studies, geotechnical work and environmental assessments underway.