Newcore Gold Drilling Intersects 1.59 g/t Gold over 15.5 Metres, Including 3.22 g/t Gold over 6.4 Metres, at the Enchi Gold Project, Ghana Diamond Drilling at the Sewum Gold Deposit Encounters Wide Zones of Shallow Gold Mineralization
NEWS RELEASE
Suite 1560 - 200 Burrard Street www.newcoregold.com
Vancouver, British Columbia V6C 3L6 [email protected]
Newcore Gold Drilling Intersects 1.59 g/t Gold over 15.5 Metres,
Including 3.22 g/t Gold over 6.4 Metres, at the Enchi Gold Project, Ghana
Diamond Drilling at the Sewum Gold Deposit Encounters Wide Zones of
Shallow Gold Mineralization
April 8, 2026 TSX-V: NCAU, OTCQX: NCAUF
Vancouver, BC – Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU,
OTCQX: NCAUF) is pleased to announce additional drill results from the 60,000 -metre drill
program underway at the Company’s Enchi Gold Project ("Enchi" or the "Project") in Ghana .
Diamond Drilling ( "DD") at the Sewum Gold Deposit ( "Sewum") 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 gold ("g/t Au") over
15.5 metres ("m") from 147.5 m, including a higher-grade interval of 3.22 g/t Au over 6.4 m
from 152.9 m . Hole SWDD112 also intersected a wide zone of near surface oxidized gold
mineralization of 0.69 g/t Au over 41.0 m from 21.5 m, along with a second interval of 1.00 g/t
Au over 10.5 m from surface, and a third interval of 0.41 g/t Au over 25.2 m from 102.4 m. This
news release reports results for diamond drilling completed at Sewum. Drilling continues to
demonstrate the continuity of gold mineralization and potential for resource growth at Enchi.
Highlights from Diamond Drilling at the Sewum Gold Deposit at Enchi
• Drilling intersected wide zones of gold mineralization above the mineral resource
grade and outside the limits of the pit that constrains the Mineral Resource Estimate.
o Diamond drill hole SWDD107 intersected 1.59 g/t Au over 15.5 m from 147.5 m, with a
higher-grade interval of 3.22 g/t Au over 6.4 m from 152.9 m.
o Hole SWDD108 intersected 0.48 g/t Au over 41.0 m from 141.5 m, with a second interval
of 0.82 g/t Au over 18.5 m from 189.5 m including a higher-grade interval of 2.26 g/t Au
over 4.5 m from 199.5 m.
• Drilling targeted shallow mineralization within a vertical depth of 140 metres at the
Ridge Zone at Sewum, the northernmost area of the deposit.
o Hole SWDD112 intersected wide zones of near surface oxidized mineralization including
1.00 g/t Au over 10.5 m from surface and 0.69 g/t Au over 41.0 m from 21.5 m.
o Hole SWDD113A intersected 0.81 g/t Au over 16.8 m from 75.9 m, with a higher -grade
interval of 2.41 g/t Au over 4.4 m from 76.6 m.
• Drill results not included in most recent Mineral Resource Estimate, with results
highlighting potential for future resource growth at Enchi.
o Sewum is the largest deposit currently identified at Enchi and remains open along strike
and at depth.
o This drilling reached a maximum vertical depth of only 140 metres, representing the
deepest intercepts drilled to date at Sewum. Average vertical depth of all holes drilled
to date at Sewum is only down to 95 metres.
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Greg Smith, VP Exploration of Newcore stated, "We are excited to continue to unlock the future
resource growth potential at Enchi through the drill bit. 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. Importantly, 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 contin ue to advance the district scale exploration opportunity at our
Enchi Gold Project in Ghana."
This release reports results for 8 DD holes totalling 1,685 m (SWDD107 to SWDD114) targeting
the Sewum Gold Deposit, with all holes intersecting gold mineralization. A total of 34,805 m in
256 holes has been reported as part of the ongoing drill program at Enchi, with 98% of holes
intersecting gold mineralization.
Select assay results from the 8 holes of the drill program reported in this release are below:
Table 1 - Enchi Gold Project Drill Highlights
Hole ID Zone/Deposit From (m) To (m) Length (m) Au (g/t)
SWDD107 Sewum 147.5 163.0 15.5 1.59
including 152.9 159.3 6.4 3.22
SWDD112 Sewum 0.0 10.5 10.5 1.00
and 21.5 62.5 41.0 0.69
and 102.4 127.6 25.2 0.41
SWDD108 Sewum 141.5 182.5 41.0 0.48
and 189.5 208.0 18.5 0.82
including 199.5 204.0 4.5 2.26
SWDD113A Sewum 75.9 92.7 16.8 0.81
including 76.6 81.0 4.4 2.41
SWDD110 Sewum 185.8 207.0 21.2 0.60
SWDD109 Sewum 145.95 157.0 11.05 0.93
including 151.0 155.0 4.0 1.81
Notes:
1. See detailed table for complete results;
2. Intervals reported are hole lengths with true width estimated to be 75 - 85%; and
3. Length-weighted averages from uncut assays.
A plan map showing the drill hole locations can be viewed at:
https://newcoregold.com/site/assets/files/5960/2026_04_08-ncau-nr-enchi-plan-map-sewum.pdf
A cross section showing drill results and highlights for hole s SWDD107 to SWDD109 can be
viewed at:
https://newcoregold.com/site/assets/files/5960/2026_04-ncau-crosssection-swdd107-109.pdf
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A complete list of the drill results in this release, including hole details, can be viewed at:
https://newcoregold.com/site/assets/files/5960/2026_04_08-ncau-enchi-2024-2025-drill-results.pdf
Diamond Drilling at the Sewum Gold Deposit
SWDD107 to SWDD114 (8 DD holes totalling 1,685 m) were completed at Sewum, targeting
mineralization within the shallow oxide-transition and the upper fresh mineral horizon at the
Ridge Zone, with a goal of expanding the mineralized footprint of the deposit. This drilling
reached a maximum vertical depth of 140 metres, representing the deepest intercepts drilled
to date at Sewum, with prior drilling completed at Sewum focused on shallow mineralization
within the first 100 vertical metres. The holes reported in this news release include six holes
testing four sections along a 500 metre strike length on the upper structures and another two
holes testing two sections along a 100 metre strike length in the lower structures of the zone.
Three diamond drill holes totalling 733 m (SWDD107 to SWDD109) were drilled on the same
section and used to define the dip of the main sub -parallel gold mineralized structures at
depth. Hole SWDD107 intersected 1.59 g/t Au over 15.5 m from 147.5 m, including a higher-
grade interval of 3.22 g/t Au over 6.4 m from 152.9 m. Hole SWDD108 intersected the main
structure with 0.48 g/t Au over 41.0 m from 141.5 m, as well as a second mineralized zone that
intersected 0.82 g/t Au over 18.5 m from 189.5 m including a higher-grade interval 2.26 g/t Au
over 4.5 m from 199.5 m. Hole SWDD109 intersected 0.93 g/t Au over 11.05 m from 145.95 m
including a higher-grade interval of 1.81 g/t Au over 4.0 m from 151.0 m.
Two diamond drill holes totalling 312 m (SWDD112 and SWDD113A) tested the western
structures near the base of the Ridge Zone and intersected both near -surface oxidized
mineralization as well as gold mineralization in the upper fresh mineralization. Hole SWDD112
intersected 0.69 g/t Au over 41.0 m from 21.5 m in the oxide mineralization including a higher-
grade interval of 1.41 g/t Au over 4.0 m from 46.5 m and 2.08 g/t Au over 3.0 m from 57.5 m .
This hole also intersected oxidized mineralization from surface with 1.00 g/t Au over 10.5 m as
well as a third deeper zone within the fresh mineralization with 0.41 g/t Au over 25.2 m from
102.4 m. Hole SWDD113A, collared 100 metres to the north, intersected 0.81 g/t Au over
16.8 m from 75.9 m including a higher-grade interval of 2.41 g/t Au over 4.4 m from 76.6 m.
Diamond drill hole SWDD110, totalling 225 m and collared 50 metres north of hole SWDD109,
intersected 0.60 g/t Au over 21.2 m from 185.8 m. Hole SWDD111 , totalling 155.6 m and
collared 50 metres north of hole SWDD114, intersected gold mineralization but was lost before
reaching the primary target.
Diamond drilling completed at Sewum continues to confirm continuity along strike and down
dip for the principal structures which comprise the Ridge Zone of the Sewum Gold Deposit.
Enchi Work Program
The 60,000 metre drill program underway at Enchi commenced August 2024, targeting near-
surface oxide and transition mineralization along with 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
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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. 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, a Pre-Feasibility Study ("PFS") is underway and targeted for completion
by the end of June 2026 (see news release dated February 5, 2026 ), alongside on-going
development work in support of project advancement at Enchi which includes metallurgical
testwork, hydrogeological testing, geotechnical work, and environmental work.
Sewum Gold Deposit
Sewum is one of the five deposits which comprise the Mineral Resource Estimate at Enchi
(Sewum has an Indicated Mineral Resource of 41.2 million tonnes grading 0. 43 g/t Au
containing 573,000 ounces and an Inferred Mineral Resource of 24.2 million tonnes grading
0.39 g/t Au containing 308,000 ounces). Sewum is located 15 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 greater than six -kilometre-long and one-to-two-kilometre-
wide gold-in-soil anomaly. An airborne geophysical anomaly coincident with the Sewum Gold
Deposit defines a series of subparallel and intersecting structures. To date, approximately 45%
of the gold-in-soil anomaly at Sewum is untested by drilling, with the average vertical depth of
all holes drilled to date at Sewum only down to 95 metres.
Drill Hole Locations
Table 2 - Enchi Gold Project Drill Hole Location Details
Hole ID UTM East UTM North Elevation Azimuth ° Dip ° Length (m)
SWDD107 521298 628974 186 120 -60 218.4
SWDD108 521279 628978 186 120 -60 236.1
SWDD109 521249 628998 184 120 -60 278.2
SWDD110 521256 629035 186 120 -60 225.0
SWDD111 521374 629343 184 120 -55 155.6
SWDD112 521021 629065 132 120 -70 185.5
SWDD113A 521073 629138 157 0 90 126.1
SWDD114 521328 629299 174 120 -58 260.5
Enchi Gold Project Mineral Resource Estimate
The Enchi Gold Project hosts an Indicated Mineral Resource of 83.6 million tonnes grading
0.56 g/t Au containing 1,502,000 ounces gold and an Inferred Mineral Resource of 40.1 million
tonnes grading 0.49 g/t Au containing 626,000 ounces. Mineral resource estimation practices
are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice
Guidelines (November 29, 2019) and follow CIM Definition Standards for Mineral Resources
and Mineral Reserves (May 10, 2014), t hat are incorporated by reference into National
Instrument 43-101 ("NI 43-101"). The Mineral Resource Estimate was prepared by Ryan Wilson,
P. Geo, Matthew Halliday, P. Geo, Schadrac Ibrango, P. Geo of DRA Global Limited who are
independent qualified persons ("QP") as defined by NI 43-101. The Mineral Resource Estimate
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was announced on March 18, 2026 with a full technical report, which is being prepared in
accordance with NI 43-101, to be filed and available under the Company’s SEDAR+ profile at
www.sedarplus.ca, and on Newcore’s website, within 45 days of that news release.
Newcore Gold Best Practice
Newcore is committed to best practice standards for all exploration, sampling and drilling
activities. Drilling was completed by an independent drilling firm using industry standard RC
and Diamond Drill equipment. Analytical quality assurance and quality c ontrol procedures
include the systematic insertion of blanks, standards and duplicates into the sample strings.
Samples are placed in sealed bags and shipped directly to Intertek Labs located in Tarkwa,
Ghana for 50 gram gold fire assay.
Qualified Person
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. Mr. Smith has verified the technical and scientific data disclosed
herein and has conducted appropriate verification on the underlying data including
confirmation of the drillhole data files against the original drillhole logs and assay certificates.
About Newcore Gold Ltd.
Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold
producer (1). Newcore Gold offers investors a unique combination of top -tier leadership, who
are aligned with shareholders through their 1 3% equity ownership, and prime district scale
exploration opportunities. Enchi’s 248 km 2 land package covers 40 kilometres of Ghana’s
prolific Bibiani Shear Zone, a gold belt which hosts several multi-million-ounce gold deposits,
including the Chirano mine 50 kilomet res to the north. Newcore’s vision is to build a
responsive, creative and powerful gold enterprise that maximizes returns for shareholders.
(1) Source: Production volumes for 2024 as sourced from the World Gold Council.
On Behalf of the Board of Directors of Newcore Gold Ltd.
Luke Alexander
President, CEO & Director
For further information, please contact:
Mal Karwowska | Vice President, Corporate Development and Investor Relations
+1 604 484 4399
www.newcoregold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
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Cautionary Note Regarding Forward-Looking Statements
This news release includes statements that contain "forward -looking information" within the meaning of
the applicable Canadian securities legislation ("forward -looking statements"). All statements, other than
statements of historical fact, are forward -looking statements and are based on expectations, estimates
and projections as at the date of this news release. Any statement that involves discussion with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions, future even ts or
performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phras es, or state 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. In this news release, forward -looking statements relate, among
other things, to: statements about the estimation of mineral resources; realization of mineral resources
estimates; filing of a technical report; timing, content and completion of a pre-feasibility study; proposed
development plans for the Company; results of metallurgical testwork; results of our ongoing drill
campaign; results of drilling, magnitude or quality of mineral deposits; anticipated advancement of
mineral properties or programs; and future exploration prospects and growth of mineral properties.
These forward-looking statements, and any assumptions upon which they are based, are made in good
faith and reflect our current judgment regarding the direction of our business. The assumptions
underlying the forward -looking statements are based on informa tion currently available to Newcore.
Although the forward -looking statements contained in this news release are based upon what
management of Newcore believes, or believed at the time, to be reasonable assumptions, Newcore
cannot assure its shareholders that actual results will be consistent with such forward-looking statements,
as there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-
looking information also involves known and unknown risks, uncertainties an d other factors which may
cause the actual results, performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the forward -looking
information. Such factors include, am ong others: risks related to the speculative nature of Newcore’s
business; Newcore’s formative stage of development; Newcore’s financial position; possible variations in
mineralization, grade or recovery rates; actual results of current exploration activit ies; fluctuations in
general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward
prices of gold and other commodities; fluctuations in currency markets (such as the Canadian dollar to
United States dollar exchange rate); change in national and local government, legislation, taxation,
controls, regulations and political or economic developments; risks and hazards associated with the
business of mineral exploration, development and mining (including environmental haz ards, unusual or
unexpected geological formations); the presence of laws and regulations that may impose restrictions on
mining; employee relations; relationships with and claims by local communities; the speculative nature
of mineral exploration and development (including the risks of obtaining necessary licenses, permits and
approvals from government authorities); and title to properties.
Forward-looking statements contained herein are made as of the date of this news release and Newcore
disclaims any obligation to update any forward -looking statements, whether as a result of new
information, future events or results, except as may be requi red by applicable securities laws. There can
be no assurance that forward -looking information 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 information.
Map Area
1 km
2024 - 2026 Drill Program
Enchi Gold Project
Sewum, Ghana (As of April 2026)
Previous Drill Holes
Legend
Drill Hole
Prior 2024 - 2026
Assays Announced
Drill Hole
Assays Announced
April 8, 2026
RIDGE
ZONE
CHECKERBOARD
HILL
SEWUM
EXTENSION
EXTENSION
PARALLEL
STRUCTURE
Pit Shell
Outline
SWDD114
SWDD113A
SWDD112
SWDD107
SWDD108
SWDD109
SWDD110
SWDD111
0 Elev
200 Elev
100 Elev
278.2
SWDD109
236.1
SWDD108
SWRC178
78
SWRC247
84
SWRC248
102
SWRC249
102
SWRC250
108
SWRC251
80
SWRC180
218.4
SWDD107
0.82 g/t Au over 18.5 m
incl. 2.26 g/t Au over 4.5 m
0.22 g/t Au over 2 m
0.66 g/t Au over 26 m
0.19 g/t Au over 6 mincl. 1.46 g/t Au over 7 m
0.78 g/t Au over 9 m
0.57 g/t Au over 3 m
0.34 g/t Au over 6 m
0.51 g/t Au over 41 m
0.21 g/t Au over 6 m
0.30 g/t Au over 1 m
0.23 g/t Au over 6 m
0.53 g/t Au over 4 m
0.26 g/t Au over 29 m
0.61 g/t Au over 30 m
incl. 1.40 g/t Au over 7 m
0.27 g/t Au over 1 m
0.73 g/t Au over 3 m
0.35 g/t Au over 1 m
0.68 g/t Au over 2 m
0.54 g/t Au over 15 m
0.38 g/t Au over 51 m
0.22 g/t Au over 8 m
0.56 g/t Au over 41 m
incl. 1.67 g/t Au over 7 m0.80 g/t Au over 24 m
0.31 g/t Au over 8 m
1.59 g/t Au over 15.5 m
incl. 3.22 g/t Au over 6.4 m
0.29 g/t Au over 1 m
0.40 g/t Au over 6 m
0.48 g/t Au over 41.0 m
incl. 1.00 g/t Au over 5.6 m
0.47 g/t Au over 1.1 m
0.33 g/t Au over 2.5 m
0.28 g/t Au over 4.0 m
0.59 g/t Au over 1.9 m
0.33 g/t Au over 23.8 m
incl. 0.97 g/t Au over 2.7 m
0.93 g/t Au over 11.05 m
incl. 1.81 g/t Au over 4.0 m
0.71 g/t Au over 1 m
0.61 g/t Au over 8 m
0.28 g/t Au over 5.1 m
0.48 g/t Au over 8.3 m
0.34 g/t Au over 1.2 m
0.24 g/t Au over 1.7 m
1.40 g/t Au over 2.7 m
0.43 g/t Au over 2.4 m
0.42 g/t Au over 4.4 m
0.28 g/t Au over 2 m
0.23 g/t Au over 8 m
2024 - 2026 Drill Program | Enchi Gold Project
Sewum Deposit - Cross Section (A - A’)
SWDD107 - SWDD109
Viewing Northeast, April 2026
Drillhole trace
Mineralized Zone
LEGEND
2026 Resource Pit Shell
(US$3,200/oz Au)
100 m0 50 m
surface
Oxide Zone
OPEN
TO DEPTH