Newcore strike gold in Enchi

June, 2022
Newcore intersection chart

Newcore Gold announced the results from their 90 000 m (295 000 ft) drilling program at the Enchi Gold Project, Ghana. Drilling at the Tokosea target intersected 1.29 g/t Au over 13 m (42.65 ft) from 42 m(138 ft) in the oxides, with an additional zone in the upper sulphides intersecting 0.48 g/t Au over 32 m (105 ft) from 106 m (348 ft), including 1.06 g/t Au over 7 m (23 ft) from 108 m (354 ft).

Greg Smith, VP Exploration of Newcore stated, ‘We are excited by the results we have achieved from our inaugural drill program at Tokosea. Only 82 holes have been drilled on the target, with drilling testing mineralization to an average vertical depth of only 75 m (246 ft). First pass drilling at Tokosea focused on testing shallow gold mineralization within the oxides and upper portion of the sulphides, with the target remaining open along strike and at depth and only a small portion of the anomaly tested to date. These results expand this new discovery at Enchi and confirm the potential for resource growth across the Project, a district-scale property located on a prolific gold belt that hosts a number of multi-million-ounce gold mines.’

Highlights from Drilling at Tokosea

  • Drilling on the southern end of the Tokosea trend intersected multiple structures and has extended the drill-tested gold mineralization 100 m to the south:
    • Hole TORC057 intersected mineralization in both the near-surface oxides and upper portions of the sulphides. Near-surface the hole intersected 1.29 g/t Au over 13.0 m from 42 m. Within the upper sulphides the hole intersected 0.48 g/t Au over 32.0 m from 106 m, including 1.06 g/t Au over 7.0 m from 108 m.
  • Drilling on the central portion of the main trend at Tokosea extended the zone to depth, as well as up-and-down dip from prior drill-tested mineralization:
    • Hole TORC081 intersected 1.64 g/t Au over 10.0 m from 158 m
    • Hole TORC077 intersected 2.11 g/t Au over 7.0 m from 71 m.
    • Hole TORC070 intersected 1.73 g/t Au over 8.0 m from 28 m and 1.62 g/t Au over 2.0 m from 78 m.
  • Drilling on a sub-parallel structure at Tokosea intersected gold mineralization within the near-surface oxidized zone, including:
    • Hole TORC063 intersected 1.34 g/t Au over 8.0 m from 10 m.
  • Strong results from drilling at Tokosea, a new greenfield discovery at Enchi, continue to highlight the potential for mineral resource growth at Enchi:
    • Tokosea is outlined on surface by a six-kilometer-long and two-to-three-kilometer-wide gold-in-soil anomaly. Previous drill intercepts at Tokosea include: 1.80 g/t Au over 27.0 m from 30 m including 4.13 g/t Au over 3.0 m from 31 m in TORC045, and 1.67 g/t Au over 17.0 m from 131 m including 18.17 g/t Au over 1.0 m from 131 m in TORC032.

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