-- Newcore Gold (NCAU.V) reported Wednesday additional drill results from the 60,000-meter drill program underway at the Enchi gold project in Ghana.
In a statement it said diamond drilling results from the Sewum gold deposit encountered wide zones of gold mineralization in the shallow oxide-transition and the upper fresh mineralization, including hole SWDD107 which intersected 1.59 grams per tonne (g/t) gold over 15.5 meters, including 3.22 g/t gold over 6.4 m.
The company said drilling continues to demonstrate the continuity of gold mineralization and potential for resource growth at Enchi.
"Initial results from diamond drilling completed at Sewum have extended gold mineralization below the pit-constrained mineral resource estimate released in March of this year, while also confirming near-surface lateral continuity in the adjacent sub-parallel structures," Vice President of Exploration Greg Smith said.
"Importantly," he added, "although this drilling represents the deepest drilling completed to date at Sewum, holes only reached a maximum vertical depth of 140 metres, with the mineralized zone open at depth. The drilling also returned grades exceeding the mineral resource estimate grade both at surface and below the pits. With drilling ongoing and focused on defining the resource growth potential at depth and along strike, we are excited to continue to advance the district scale exploration opportunity at our Enchi Gold Project in Ghana."
Shares in NCAU were down 2.5% in Canada yesterday.