Drilling has intersected 2.02 grams per tonne gold ('g/t Au') over 24.0 metres ('m') from 36 m at the Sewum Gold Deposit ('Sewum'), with results continuing to intersect wide-spread gold mineralization outside of current resources.
Highlights
Drilling at Sewum has encountered mineralization outside of current resources, connecting a 500-metre gap between existing resource pits. Results from drilling include:
Hole SWRC082 intersected 2.02 g/t Au over 24.0 m from 36 m to 60 m (oxide zone).
Hole SWRC083 intersected 1.97 g/t Au over 22.0 m from 86 m to 108 m (sulphide zone).
Drill results from Kwakyekrom continue to intersect strong results, supporting the potential for additional resources at Enchi. Results include: Hole KKRC028 intersected 1.43 g/t Au over 26.0 m from 111 m to 137 m, including 3.31 g/t Au over 9.0 m from 115 m to 124 m (sulphide zone).
Hole KKRC031 intersected 2.97 g/t Au over 10.0 m from 114 m to 124 m (sulphide zone).
Drilling on the Project continues with three rigs currently on site, and two additional rigs anticipated to be on-site by the end of January.
Additional Exploration underway at Enchi includes a trenching program at Sewum South and a Project-wide topographic survey planned for Q1 2021.
This news release highlights 15 holes targeting the Sewum Gold Deposit and 9 holes targeting the Kwakyekrom Gold Target at Enchi. The 15 holes (2,894 m) drilled at Sewum continue to intersect wide-spread gold mineralization. Holes SWRC085 through SWRC092 tested the gap zone between the northern pit areas at Sewum, with results highlighting the continuation of mineralization. Holes SWRC078 through SWRC084 were step-out holes in the southern region of Sewum, focused on extending the limits of the current resource. The 9 holes (1,377 m) drilled at Kwakyekrom extended the gold zone along strike, increasing the strike extent to 400 metres, remaining open in both directions. The drilling at Kwakyekrom intersected wide gold mineralized zones as well as multiple sub-parallel structures. Additional drilling is planned at both Sewum and Kwakyekrom in 2021.
A total of 21,536 metres in 132 holes have been completed as part of the ongoing 2020 - 2021 drill program at Enchi. For the total planned 58,000 metre drill program, assay results have now been received and released for 112 holes representing 17,993 metres (24 holes totalling 4,271 metres reported in this news release in addition to previously released results - 25 holes on
Enchi hosts a pit constrained National Instrument 43-101 ('NI 43-101') Inferred Mineral Resource of 52.9 million tonnes grading 0.72 g/t Au containing 1.22 million ounces gold. The Company filed a NI 43-101 compliant technical report in support of the updated mineral resource estimate on
A 58,000 metre discovery and resource expansion drilling program is underway at Enchi. The program includes both RC and diamond drilling and will include the first deep drilling planned on the Project. This drill program includes testing extensions of the existing resource areas while also testing a number of high priority exploration targets outside of the Inferred Mineral Resource. Drilling is focused on step out extensions and exploration drilling at the Boin, Sewum, and Nyam Deposits. Additional drilling is planned at previously drilled zones that are outside of the resource area (Kojina Hill, Kwakyekrom and Eradi), along with first pass drilling to test a series of kilometre-scale gold-in-soil anomalous zones with no prior drilling (Nkwanta, Sewum South and other anomalies). All zones represent high priority targets based on geological, geochemical and geophysical surface work and previous trenching and drilling.
The Sewum Gold Deposit is one of the primary deposits currently included in the NI 43-101 Inferred Mineral Resource Estimate at Enchi. Sewum is located 20 kilometres south of the town of Enchi, with nearby roads and power and further access provided by a series of drill roads. Sewum is outlined on surface by a six-kilometre-long and one- to two-kilometre-wide gold in soil anomaly. An airborne geophysical anomaly coincident with the Sewum Deposit defines a series of sub parallel structures.
COVID-19 Protocols
Newcore Gold Best Practice
About
Contact:
Tel: +1 604 484 4399
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as 'expects' or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'estimates' or 'intends' or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, 'occur' or 'be achieved') are not statements of historical fact and may be 'forward-looking statements'. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements including but not limited to those with respect to the price of gold, potential mineralization, reserve and resource determination, exploration results, and future plans and objectives of the Company involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
(C) 2021 Electronic News Publishing, source