Greg Smith, Vice President of Exploration of Newcore stated, “We continue to achieve strong results from our ongoing drill program at Enchi, with these recent results at Nyam continuing to outline the potential for resource growth of the near-surface oxide mineralization.
Hole NBRC051, collared 50 metres to the south of NBRC050, also intersected three gold-bearing structures with results including 0.99 g/t Au over 3.0 m from 28 m to 31 m in oxides, 0.69 g/t Au over 9.0 m from 38 m to 47 m in the upper sulphide zone and 0.51 g/t Au over 8.0 m from 57 m to 65 m in the sulphide zone.
Kojina Hill is located 1.5 kilometres west of the Nyam Gold Deposit.
A total of 40,549 metres in 255 holes have been completed as part of the ongoing 2020 – 2021 drill program at Enchi.
Geodrill is the primary drill contractor working on Newcore’s ongoing drill program at the Enchi Gold Project, which commenced in August 2020.
This drill program includes testing extensions of the existing resource areas while also testing a number of high priority exploration targets outside of the Inferred Mineral Resource.
Nyam is located 15 kilometres south of the town of Enchi, with nearby roads and power and further access provided by a series of drill roads.
The Kojina Hill Gold Target is one of the previously drilled target areas on the Enchi Gold Project that does not currently have a defined mineral resource.
The Company has implemented COVID-19 protocols for its ongoing drill program consisting of the mandatory use of personal protective equipment , maintaining social distancing, frequent hand washing, and daily temperature checks at the start of each shift.
Samples are placed in sealed bags and shipped directly to Intertek Labs located in Tarkwa, Ghana for 50 gram gold fire assay.
Mr. Smith has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data including confirmation of the drillhole data files against the original drillhole logs and assay certificates.
Enchi’s 216 km2 land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several 5 million-ounce gold deposits, including Kinross’ Chirano mine 50 kilometers to the north.
This news release includes statements that contain “forward-looking information” within the meaning of the applicable Canadian securities legislation are not statements of historical fact and may be forward-looking statements.
Such factors include, among others: risks related to the speculative nature of the Company’s business; the Company’s formative stage of development; the Company’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold and other commodities; fluctuations in currency markets ; and title to properties.
Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws.