VANCOUVER, British Columbia — January 7, 2026 — Leads & Copy — Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) has announced additional drill results from its 45,000-metre drill program at the 100% owned Enchi Gold Project in Ghana.
Diamond Drilling (DD) at the Boin Gold Deposit (Boin) intersected high-grade gold mineralization, including hole KBDD098 which intersected 173.75 grams per tonne gold (g/t Au) over 1.0 metre (m) from 264 m. Hole KBDD097 also returned high-grade gold in the fresh mineralization, intersecting 3.54 g/t Au over 23.0 m from 253 m, with a higher-grade interval of 6.92 g/t Au over 8.0 m from 256 m. This release reports results for the first set of holes completed targeting high-grade mineralization in the upper portions of the fresh mineralization at Boin.
Highlights from the drilling include:
KBDD098 intersected 173.75 g/t Au over 1.0 m from 264 m (true width unknown).
KBDD097 intersected 3.54 g/t Au over 23.0 m from 253 m, with a higher-grade interval of 6.92 g/t Au over 8.0 m from 256 m.
KBDD088 intersected 2.03 g/t Au over 16.5 m from 190 m, including a higher-grade interval of 3.90 g/t Au over 4.0 m from 195 m.
The company said drilling continues to demonstrate the continuity of gold mineralization and the potential for resource expansion at Enchi.
According to the company, the diamond drilling targeted the gold mineralized structure at depth, intersecting high-grade intercepts in the fresh mineralization. Five holes tested the down dip and lateral extensions to high-grade gold mineralization previously identified at Boin in two shoots within the central area of the deposit. To date, Boin has only been tested to an average vertical depth of 100 metres, but results reported in this release focused on drilling mineralization to depth, targeting mineralization within 200 to 300 vertical metres. All deposits at Enchi, including Boin, remain open for further expansion to depth. Drilling continues to prove out the potential for resource growth at Enchi by defining the higher-grade potential within the deeper fresh mineralization across the Project.
Luke Alexander, President and CEO of Newcore, stated that diamond drilling targeting fresh mineralization successfully intersected high-grade gold mineralization at depth. He added that the results include the deepest drilling completed to date at Enchi, confirming that the Boin deposit remains open at depth, and that diamond drill hole KBRC098 delivered one of the strongest high-grade intercepts encountered on the project to date when calculated on a gram-by-metre basis, further highlighting the high-grade potential at Enchi. With drilling now focused on testing depth extensions, Alexander believes these results represent an important step toward unlocking the longer-term growth potential of Enchi, especially given that neighboring deposits located along the Sefwi-Bibiani belt are mineralized to significantly greater vertical depths, so he believes Enchi remains underexplored and offers substantial upside across our district scale property.
Greg Smith, VP Exploration of Newcore, stated that the drill results continue to prove their geological model which supports the potential for resource growth driven by higher-grade mineralization at depth. He added that drilling completed targeted two areas at Boin believed to have potential for high-grade shoots based on the results from earlier drilling, and the successful intersection of mineralization within these identified areas reinforces their confidence in the model and the prospectivity of the system. As drilling progresses, Smith said the company looks forward to continuing to drill at depth to advance their understanding of the scale, continuity and longer-term growth potential that they believe exists at Enchi.
According to the company, this release reports results for 5 DD holes totalling 1,699 m (KBDD088, KBDD095 to KBDD098) targeting the Boin Gold Deposit, with all holes intersecting gold mineralization. A total of 31,189 m in 242 holes has been reported as part of the ongoing drill program at Enchi, with 98% of holes intersecting gold mineralization.
Drilling was completed at the Boin Gold Deposit to define the potential for high-grade mineralization at depth. The holes reported in this news release were distributed across 4 separate sections spread along a 1.5 kms strike length.
Four diamond drill holes totalling 1,379 m (KBDD088, KBDD095, KBDD096, KBDD098) were completed on three sections along a 300-metre strike length in the south-central portion of the deposit. KBDD098 intersected 173.75 g/t Au over 1.0 metre from 264 m (true width unknown) associated with a quartz vein structure with abundant fine pyrite. KBDD088 collared 300 metres south of KBDD098, intersected 2.03 g/t Au over 16.5 m from 190 m, with a higher-grade interval of 3.90 g/t Au over 4.0 m from 195 m within a mixed zone of greywacke and phyllite with variable quartz veining and pyrite. KBDD095 drilled to the north of KBDD088 intersected 2.34 g/t Au over 8.5 m from 271 m, including a higher-grade interval of 7.50 g/t Au over 2.5 m from 272 m. KBDD096, drilled on the same section as KBDD095, intersected 0.69 g/t Au over 36.5 m from 363 m, with a higher-grade interval of 2.34 g/t Au over 2.0 m from 385 m. KBDD096 encountered the deepest gold mineralization to date on the Boin structure at a vertical depth of 370 metres.
One diamond drill hole totalling 320 m (KBDD097) was completed on a section in the north-central area of the deposit. KBDD097, drilled 1.3 kms north of KBDD098, intersected 3.54 g/t Au over 23.0 m from 253 m, including 6.92 g/t Au over 8.0 m from 256 m. This intercept is hosted in greywacke and minor phyllite with multiple quartz veins and quartz stockworks and abundant fine-grained pyrite. The hole intersected two additional structures with 1.57 g/t Au over 3.0 m from 187 m and 0.62 g/t Au over 19.0 m from 226 m, with a higher-grade interval of 1.67 g/t Au over 2.0 m from 232 m.
The diamond drilling completed at Boin continues to confirm continuity down dip for the principal structures which comprise the central portion of the Boin Gold Deposit. The width and gold grades within these drill results are consistent with prior drilling completed in this area.
The 45,000-metre drill program underway at Enchi commenced August 2024, targeting near-surface oxide and shallow fresh mineralization. The drill program is in its second phase and is focused on discovery and resource growth, including drilling targeting the potential for resource growth along strike at existing deposits along with diamond drilling targeting the higher-grade potential at depth. The primary goal of the completed first phase of the drill program was Reverse Circulation (RC) infill drilling for resource conversion to improve the confidence level of the existing Mineral Resource Estimate, with most of the first phase of the drill program allocated to the two largest deposits at Enchi, Boin and Sewum. Improving the confidence level of the Mineral Resource Estimate is a key component of the development work required to advance the Project to a Pre-Feasibility Study in H1 2026. All deposit areas and pre-resource targets at Enchi remain open along strike and at depth, providing for future resource growth across the district-scale property.
In addition to drilling, development work in support of a Pre-Feasibility Study is on-going at Enchi, including metallurgical testwork, hydrogeological testing, geotechnical work, and environmental work.
Boin is one of the five deposits which comprise the Mineral Resource Estimate at Enchi. It is located 10 kilometres south of the town of Enchi, with nearby roads and power and further access provided by a series of drill roads. Boin is outlined on surface by a greater than six-kilometre-long by up to one-kilometre-wide gold in soil anomaly. An airborne geophysical anomaly coincident with the Boin structure extends for a further kilometre north and three kilometres south beyond the limits of current drilling. To date, approximately 40% of the gold-in-soil anomaly at Boin is untested by drilling, with the average vertical depth of all holes drilled to date at Boin only down to 100 metres.
Mr. Gregory Smith, P. Geo, Vice President of Exploration at Newcore, is a Qualified Person as defined by NI 43-101, and has reviewed and approved the technical data and information contained in this news release.
Mal Karwowska | Vice President, Corporate Development and Investor Relations
+1 604 484 4399
info@newcoregold.com
Source: Newcore Gold Ltd.
