Drilling Intersects Multiple Zones of Shallow Gold Mineralization at the Sewum Gold Deposit

Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) has announced additional drill results from the 10,000-metre drill program underway at the Company's 100% owned Enchi Gold Project ("Enchi" or the "Project") in Ghana. The drill program is focused on resource growth and infill drilling designed to convert Inferred Resources to Indicated. The latest results from the Sewum Gold Deposit ("Sewum") highlight the project's potential for resource growth and future development.

The recent drilling success at Sewum has encountered wide zones of gold mineralization within both the oxidized and sulphide mineralization. Hole SWRC194, for example, intersected 1.85 grams per tonne gold ("g/t Au") over 62.0 metres ("m") from 1 m, including a higher-grade interval of 8.36 g/t Au over 10.0 m from 13 m. Additionally, a second intercept within the same hole intersected 0.75 g/t Au over 68.0 m from 99 m in the upper sulphide zone, including 1.15 g/t Au over 14.0 m from 102 m.

The continuity of near-surface gold mineralization across Sewum is a significant factor in the project's potential for resource growth and future development. The wide zones of gold mineralization encountered in the drill program, along with the higher-grade intervals above the average grade of the deposit, highlight the resource growth potential from near-surface mineralization that is amenable to open pit mining and heap leach processing. This near-surface mineralization is crucial for the project's future development as it can be exploited using lower-cost, open-pit mining methods, which can significantly reduce the overall project development costs.

The metallurgical testwork completed on oxide mineralization from Sewum, Boin, and Nyam gold deposits has returned high recoveries for all five composite samples, with an average gold recovery of 91.7%. This amenability to heap leach processing further enhances the project's economic potential and supports the Company's goal of advancing Enchi towards a Pre-Feasibility Study.

The recent drilling success at Sewum, combined with the metallurgical testwork results, has the potential to improve the confidence level of the existing Mineral Resource Estimate, expand the resource base, and enhance the project's economic potential. This is an important step in advancing the Enchi Gold Project towards a Pre-Feasibility Study, which is considered a value-creating milestone for the Company.



In conclusion, the recent drilling success at the Sewum Gold Deposit has significant implications for the overall resource potential of the Enchi Gold Project. The continuity of near-surface gold mineralization, high-grade intercepts, and the amenability to heap leach processing all contribute to the project's potential for resource growth and future development. As Newcore continues to advance the Enchi Gold Project, investors should closely monitor the progress and consider the potential value-creating milestones that lie ahead.