08:37 AM EDT, 09/04/2025 (MT Newswires) -- Newcore Gold ( NCAUF ) , which rose nearly 5% Wednesday, Thursday reported additional results from its 35,000-meter drill program at the Enchi gold project in Ghana.

Shallow reverse circulation drilling at the Kojina Hill target intersected multiple high-grade intervals, including 184 grams per tonne gold (g/t Au) over 1.0 meter from 126 m.

The company said it also encountered near-surface mineralization, including 3.06 g/t Au over 13.0 meters from surface, with higher-grade intervals of 8.09 g/t Au over 3.0 m from 2 m and 4.59 g/t Au over 3 m from 9 m.

Kojina Hill is a previously drilled target at Enchi with no defined mineral resource. Drilling continues to demonstrate continuity of gold mineralization and potential for resource growth, Newcore said.

The 35,000-meter program is now in its second phase, after the first phase focused on resource conversion drilling ahead of a planned pre-feasibility study later this year.

"Drilling at Kojina Hill continues to showcase the potential for Enchi to host wide as well as high-grade mineralization, with RC hole KJRC033 our third-best interval encountered to date when calculated on gram by metre," said Gresg Smith, vice president of exploration. "With the second phase of the drill program now underway, we are excited to be drill testing multiple high-grade targets that we have identified at Enchi."

Newcore shares closed up $0.03 at $0.64 on the TSX Venture Exchange Wednesday.