12:26 PM EDT, 10/30/2024 (MT Newswires) -- Newcore Gold ( NCAUF ) on Wednesday released additional drill results from the 10,000-meter drilling program underway at its Enchi Gold Project in Ghana.

Best result included 0.94 grams per tonne of gold (g/t Au) over 54.0 meters from in hole KBRC294, including 2.11 g/t Au over 7.0 meters and 2.08 g/t Au over 11 meters.

All drill holes intersected gold mineralization, continuing to "prove out the continuity of gold mineralization and potential for future resource growth at Boin," the company said

In addition to the 10,000-meter drilling program underway, further exploration and development work is on going at Enchi to continue to de-risk the development of the project and prove out the district scale exploration potential.

"We are thrilled with the results encountered to date from the 10,000-metre drill program underway at our Enchi Gold Project in Ghana," chief executive Luke Alexander said. "The results to date not only show strong continuity of mineralization at the Boin Gold Deposit, but importantly are highlighting the potential for resource growth at depth with mineralization encountered below the limits of the pits that constrain the current resource at Enchi."

Newcore shares were last seen up $0.01 to $0.37 on the TSX Venture Exchange.

Price: 0.37, Change: +0.01, Percent Change: +2.78