08:32 AM EDT, 05/07/2025 (MT Newswires) -- Newcore Gold ( NCAUF ) reported Wednesday additional drill results from the 35,000-meter drill program at the Enchi gold project in Ghana.

Results from the Boin deposit include 2.25 grams per tonne (g/t) gold over 56.0 meters and 1.16 g/t gold over 72.0 meters.

"Drilling is not only encountering wide zones of mineralization and proving out the strong continuity of mineralization, but drilling also continues to encounter higher-grade intervals that are above the currently defined resource grade," said Luke Alexander, president and CEO of Newcore.

The company said that for the first phase of drilling, it aims to complete drilling required for resource conversion in advance of a pre-feasibility study later this year.

The second phase is focused on discovery and resource growth, Newcore said.

Newcore's share price rose 5.4% on Tuesday to $0.59 on the TSXV.