en.Wedoany.com Reported - Newcore Gold Ltd has announced the latest drill results from the ongoing 60,000-metre drill program at the Enchi Gold Project in Ghana. The results are from diamond drilling completed at the Boin Gold Deposit, where drilling intersected broad zones of gold mineralization in the unweathered mineralization layer below the pit shell constraining the Mineral Resource Estimate.
Hole KBDD107 intersected 33.0 metres grading 1.23 g/t gold from 337.0 metres, including 13.0 metres grading 2.16 g/t gold from 357.0 metres. Hole KBDD111 intersected 15.0 metres grading 1.38 g/t gold from 193.0 metres, including a higher-grade interval of 3.0 metres grading 5.99 g/t gold from 204.0 metres. Hole KBDD109 intersected 11.1 metres grading 1.56 g/t gold from 252.9 metres, including 4.0 metres grading 2.84 g/t gold from 259.0 metres.
Boin is currently the second-largest deposit discovered at Enchi and remains open along strike and at depth. Drilling reached a maximum vertical depth of 375 metres, representing the deepest intercept drilled to date at Boin. The current average vertical depth for all holes is approximately 100 metres. The ten diamond drill holes released, totaling 3,654 metres, all intersected gold mineralization. As part of the ongoing drill program at Enchi, results for 266 holes totaling 38,458 metres have been reported, with 98% of holes intersecting gold mineralization.
Greg Smith, Vice President of Exploration at Newcore, stated in the company's news release: "Our drilling at the Enchi Gold Project in Ghana continues to highlight the potential for future resource growth, with the recent diamond drilling at Boin successfully extending high-grade gold mineralization below the current pit-constrained Mineral Resource Estimate." Five diamond drill holes totaling 1,689 metres tested the central high-grade shoot at Boin, three holes totaling 1,154 metres tested the northern high-grade shoot, and two holes totaling 811 metres tested the southern high-grade shoot. The drill holes are distributed across nine separate sections along a 1.7-kilometre strike length.
Newcore also provided the updated Mineral Resource Estimate for Enchi: Indicated Mineral Resources of 83.6 million tonnes grading 0.56 g/t gold, containing 1,502,000 ounces of gold; Inferred Mineral Resources of 40.1 million tonnes grading 0.49 g/t gold, containing 626,000 ounces of gold. The 60,000-metre drill program commenced in August 2024, targeting near-surface oxide and transition zone mineralization as well as shallow unweathered mineralization. It is currently in Phase 2, focusing on discovery and resource growth, including drilling along strike of existing deposits and diamond drilling targeting deeper, higher-grade mineralization.
Phase 1 focused on resource conversion through infill reverse circulation drilling to increase confidence in the existing Mineral Resource Estimate, with the majority of work allocated to the Boin and Sewum deposits. All deposit areas and pre-resource targets remain open along strike and at depth. Additionally, a Pre-Feasibility Study is underway, targeting completion by the end of June 2026. Ongoing development work includes metallurgical testing, hydrogeological testing, geotechnical work, and environmental work. According to the company's investor presentation, the Boin surface is defined by a soil gold anomaly over six kilometres long and one kilometre wide, with approximately 40% of the anomaly yet to be tested by drilling.
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