Newcore Gold Drilling Intersects 3.51 g/t Gold over 21.0 Metres, Including 5.91 g/t Gold over 9.0 Metres, at the Enchi Gold Project, Ghana Diamond Drilling at the Nyam Gold Deposit Intersects High-Grade Gold Mineralization,
NEWS RELEASE
Suite 610 - 815 West Hastings St. www.newcoregold.com
Vancouver, British Columbia V6C 1B4 [email protected]
Newcore Gold Drilling Intersects 3.51 g/t Gold over 21.0 Metres,
Including 5.91 g/t Gold over 9.0 Metres, at the Enchi Gold Project, Ghana
Diamond Drilling at the Nyam Gold Deposit Intersects High-Grade Gold Mineralization,
Below the Limits of the Pits that Constrain the Mineral Reserves
June 30, 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 80,000 -metre drill
program underway at the Company’s Enchi Gold Project ("Enchi" or the "Project") in Ghana .
Diamond Drilling ( "DD") at the Nyam Gold Deposit ( "Nyam") encountered high-grade gold
mineralization in the upper fresh mineralization, below the limits of the pits that constrain the
Mineral Reserves. Hole NBDD086 intersected 3.51 grams per tonne gold ("g/t Au") over
21.0 metres ("m") from 245 m, including 5.91 g/t Au over 9.0 m from 251 m. Drilling continues
to demonstrate the continuity of gold mineralization and potential for resource growth at Enchi.
Results from drilling completed in 2026 , including drilling targeting higher-grade
mineralization at depth, are expected to be incorporated into future project economic studies
and may support further mine plan optimization.
Highlights from Diamond Drilling at the Nyam Gold Deposit at Enchi
• Drilling intersected high-grade gold mineralization above the mineral reserve grade
and below the limits of the pits that constrain the Mineral Reserves.
o Diamond drill hole NBDD086 intersected 3.51 g/t Au over 21.0 m from 245 m, with a
higher-grade interval of 5.91 g/t Au over 9.0 m from 251 m.
o Hole NBDD085 intersected 1.61 g/t Au over 14.0 m from 278 m, with a higher -grade
interval of 2.94 g/t Au over 7.0 m from 284 m.
• Diamond drilling tested the down dip and lateral extensions to high -grade gold
mineralization previously identified at Nyam.
o Hole NBDD080 intersected 1.40 g/t Au over 21.0 m from 317 m, including 2.08 g/t Au
over 11.0 m from 319 m.
o Hole NBDD081 intersected 0.98 g/t Au over 28.0 m from 254 m, including 1.61 g/t Au
over 8.0 m from 258 m and 2.19 g/t Au over 5.0 m from 277 m.
• Drill results not included in Mineral Resource Estimate and Pre-Feasibility Study, with
drilling continuing to highlight Enchi’s longer-term prospectivity.
o Drilling reported in this news release targeted mineralization to depth and reached a
maximum vertical depth of 300 metres. The average vertical depth of all holes drilled to
date at Nyam is only down to 100 metres.
o All deposits at Enchi remain open for expansion along strike and to depth.
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Greg Smith , VP Exploration of Newcore stated, "Results from drilling at Nyam continue to
demonstrate the potential for high-grade gold and continuity of gold mineralization to depth.
These holes successfully intersected gold mineralization below the reserve pits and in areas
that have historically seen limited drilling . As the third largest deposit currently defined at
Enchi, Nyam remains open along strike and at depth, with this drilling continuing to support
our interpretation that the mineralized system continues at depth. With four drill rigs active at
site, we look forward to continuing to define the opportunity to add higher-grade gold into the
early years of the mine plan in future economic studies, while concurrently expanding the
mineralized footprint and proving out the higher-grade potential at Enchi."
This release reports results for 11 DD holes totalling 4,123 m ( NBDD070 to NBDD072B ,
NBDD079A to NBDD086) targeting the Nyam Gold Deposit, with all holes intersecting gold
mineralization. A total of 44,651 m in 283 holes has been reported to date as part of the
ongoing drill program at Enchi, with 99% of holes intersecting gold mineralization.
Select assay results from the 11 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)
NBDD086 Nyam 245.0 266.0 21.0 3.51
including 251.0 260.0 9.0 5.91
NBDD080 Nyam 317.0 338.0 21.0 1.40
including 319.0 330.0 11.0 2.08
NBDD081 Nyam 254.0 282.0 28.0 0.98
including 258.0 266.0 8.0 1.61
including 277.0 282.0 5.0 2.19
NBDD085 Nyam 278.0 292.0 14.0 1.61
including 284.0 291.0 7.0 2.94
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/5983/2026_06_30-ncau-nr-enchi-plan-map-nyam.pdf
A cross section showing drill results and highlights for hole NBDD086 and NBDD085 can be
viewed at:
https://newcoregold.com/site/assets/files/5983/2026_06-ncau-crosssection-nbdd086.pdf
A complete list of the drill results in this release, including hole details, can be viewed at:
https://newcoregold.com/site/assets/files/5983/2026_06_30-ncau-enchi-2024-2026-drill-results.pdf
Diamond Drilling at the Nyam Gold Deposit
NBDD070 to NBDD072B and NBDD079A to NBDD086 (11 DD holes totalling 4,123 m) were
completed at Nyam, targeting high-grade mineralization within the fresh mineral horizon. The
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goal of this drilling was to continue to expand high-grade mineralization at depth. The 11 holes
tested multiple high-grade shoots at depth which were previously identified through drilling.
This drilling included some of the deepest holes completed to date at Nyam, reaching a
maximum vertical depth of 300 metres, intersecting mineralization below prior intercepts and
defining the continuity of gold mineralization to depth. The holes reported in this news release
were distributed across 9 separate sections spread along a 1.2 km strike length.
Four diamond drill holes totalling 1,573 m ( NBDD080, NBDD081, NBDD085, NBDD 086)
targeted extensions to a southern high -grade shoot identified at Nyam. Hole NBDD086
intersected 3.51 g/t Au over 21.0 m from 245 m, with a higher -grade interval of 5.91 g/t Au
over 9.0 m from 251 m . Hole NBDD085, drilled on the same section, intersected 1.61 g/t Au
over 14.0 m from 278 m, with a higher -grade interval of 2.94 g/t Au over 7.0 m from 284 m.
Hole NBDD080 intersected several gold zones including a broad high-grade gold mineralized
structure with 1.40 g/t Au over 21.0 m from 317 m, including 2.08 g/t Au over 11.0 m from
319 m, and a second zone with 2.18 g/t Au over 6.0 m from 354 m . Hole NBDD081, collared
200 metres south of NBDD080, intersected 0.98 g/t Au over 28.0 m from 254 m, including
1.61 g/t Au over 8.0 m from 258 m and 2.19 g/t Au over 5.0 m from 277 m.
Five diamond drill holes totalling 2,031 m (NBDD070 to NBDD072B, NBDD079A, NBDD082)
targeted a central high-grade shoot identified at Nyam, with drilling intersecting mineralization
above the current resource grade . Hole NBDD071 intersected multiple gold mineralized
structures including 0.50 g/t Au over 37.5 m from 224 m, including a higher -grade interval of
1.18 g/t Au over 3.0 m from 226 m; a second interval of 0.79 g/t Au over 11.0 m from 283 m,
with a higher -grade interval of 1.51 g/t Au over 2.0 m from 283 m ; and a third interval of
0.96 g/t Au over 11.0 m from 327 m, with a higher-grade interval of 1.67 g/t Au over 5.0 m from
327 m. Hole NBDD070, collared 100 metres north of NBDD071, intersected 0.46 g/t Au over
23.0 m from 284.5 m, including a higher-grade interval of 1.77 g/t Au over 1.0 m from 292 m
and 1.37 g/t Au over 2.0 m from 299 m. Hole NBDD079A , collared 80 metres north of
NBDD071, intersected 0.68 g/t Au over 10.8 m from 299.6 m, with a higher -grade interval of
1.47 g/t Au over 2.0 m from 304.9 m. Hole NBDD072B, collared 140 metres north of NBDD071,
intersected multiple gold mineralized zones including 0.82 g/t Au over 5.0 m from 172 m ,
including a higher -grade interval of 3.14 g/t Au over 1.0 m from 176 m ; a second zone of
0.55 g/t Au over 5.0 m from 239 m; and a third zone of 1.23 g/t Au over 2.0 m from 280 m.
Two diamond drill holes totalling 520 m (NBDD083, NBDD084) targeted a prospective area at
Nyam where an additional high-grade shoot has potentially been identified to the north. Hole
NBDD084 is one of the first deeper holes completed in that area and returned a higher-grade
interval of 1.20 g/t Au over 3.0 m from 120 m.
Diamond drilling completed at Nyam continues to intersect mineralization above the resource
grade and continues to confirm continuity along strike and down dip, extending the principal
structures which comprise the Nyam Gold Deposit.
Enchi Work Program
An 80,000 metre drill program is underway at Enchi. The drill program is focused on resource
conversion, resource growth and discovery. Reverse Circulation ( "RC") drilling is targeting
near-surface mineralization ( oxide, transition, and shallow fresh mineralization) focused on
resource conversion and continuing to define the potential for reserve and resource growth
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along strike at existing deposits. Diamond drilling is targeting the high -grade potential at
depth. The completed first phase of the drill program was infill drilling for resource conversion,
with only the first 28,000 metres of the drill program incorporated into an updated Mineral
Resource Estimate announced on March 18, 2026 that formed the basis for a Pre-Feasibility
Study ("PFS"). 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.
Development work continues at Enchi, in support of project advancement, including
metallurgical testwork, hydrogeological testing, geotechnical work, and environmental work.
A Pre-Feasibility Study was completed in June 2026 (see news release dated June 24, 2026),
outlining a base case assessment of developing an open pit, standard milling and carbon-in-
leach operation using contract mining and processing 5.5 Mtpa. Recent drilling completed at
Enchi has highlighted potential for resource growth, with high -grade encountered at depth
and mineralization delineated below the pits that constrain the current Mineral Reserve and
Mineral Resource Estimate s. Drill results reported in 2026 have not been included in the
Mineral Resource Estimate and PFS.
Nyam Gold Deposit
Nyam is one of the five deposits which comprise the Mineral Resource Estimate at Enchi
(Nyam has an Indicated Mineral Resource of 13.5 million tonnes grading 0.66 g/t Au containing
287,000 ounces and an Inferred Mineral Resource of 5.5 million tonnes grading 0.68 g/t Au
containing 120,000 ounces). Nyam is located 1 5 kilometres east of the town of Enchi, with
nearby roads and power and further access provided by a series of drill roads. An airborne
geophysical anomaly coincident with the Nyam Gold Deposit defines a complex series of linear
high conductivity trends, reflective of the multiple sub -parallel gold -bearing structures . To
date, approximately 30% of the gold-in-soil anomaly at Nyam is untested by drilling, with the
average vertical depth of all holes drilled to date at Nyam only down to 100 metres.
Drill Hole Locations
Table 2 - Enchi Gold Project Drill Hole Location Details
Hole ID UTM East UTM North Elevation Azimuth ° Dip ° Length (m)
NBDD070 530735 637795 116 300 -60 450.9
NBDD071 530583 637742 103 300 -75 374.8
NBDD072B 530716 637831 96 300 -60 431.0
NBDD079A 530729 637772 103 300 -60 433.9
NBDD080 530413 637260 104 300 -60 452.0
NBDD081 530328 637137 108 300 -60 417.0
NBDD082 530525 637463 119 300 -55 340.0
NBDD083 530776 638081 124 300 -60 267.0
NBDD084 530819 638179 90 300 -60 252.6
NBDD085 530343 637168 40 300 -60 369.2
NBDD086 530315 637180 103 300 -54 335.0
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Enchi Gold Project Mineral Reserve and Resource Estimates
The Enchi Gold Project hosts a Probable Mineral Res erve of 51.3 million tonnes grading
0.64 g/t Au containing 1,055,000 ounces gold; 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. The Indicated
Mineral Resources are inclusive of the Mineral Reserves. Mineral resource and mineral reserve
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), that are incorpor ated by reference
into National Instrument 43 -101 ( "NI 43 -101"). The Mineral Resource Estimate is from the
technical report titled "Technical Report Mineral Resource Estimate Update, Enchi Gold
Project, Ghana" dated May 1, 2026, with an effective date of March 18, 2026, prepared for
Newcore by Ryan Wilson, P. Geo, Matthew Halliday, P. Geo, Schadrac Ibrango, P. Geo of DRA
Americas Inc. in accordance with NI 43 -101, and is available under the Company’s profile on
SEDAR+ at www.sedarplus.ca. These individuals are independent qualified persons ("QP")
within the meaning of NI 43 -101. The Mineral Reserve Estimate was announced on
June 24, 2026, with a technical report to be filed on Newcore’s SEDAR+ profile 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 independent drilling firms using industry standard RC and
Diamond Drill equipment. Analytical quality assurance and quality control 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
within the meaning of NI 43 -101. Mr. Smith has reviewed and approved the scientific and
technical information contained in this news release 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 2% 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 2025 as sourced from the World Gold Council.
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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.
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: timing of completion of a technical report summarizing the results of the PFS and Mineral
Reserve Estimate; statements regarding the estimation and potential realization of mineral resources and
mineral reserves; proposed development plans for the Company; results of metallurgical testwork; results
of the Company’s ongoing drill campaign; the magnitude or quality of mineral deposits; anticipated
advancement of mineral properties or programs; future operations; the completion and timing of future
development studies; future exploration prospects and growth of mineral properties ; the potential to
incorporate additional mineralization into future mineral resource and mineral reserve estimates or future
studies; the results of recent drilling not yet incorporated into the Mineral Resource Estimate or the PFS;
the potential expansion or enhancement of mineralization; and the impact of future exploration and
drilling on the Project.
These forward-looking statements are based on assumptions management believes to be reasonable at
the time such statements are made, including, without limitation, assumptions regarding: the accuracy of
the underlying technical and economic assumptions; co mmodity prices; exchange rates; availability of
financing; permitting and development timelines; the ability of ongoing and future exploration programs
to further define, expand or upgrade mineralization; the potential for additional mineralization identif ied
through drilling to be incorporated into future mineral resource and mineral reserve estimates or mine
plans; the ability of ongoing and future exploration programs to further define, expand or upgrade
mineralization; the potential for additional miner alization identified through drilling to be incorporated
into future mineral resource and mineral reserve estimates or mine plans; and the Company’s ability to
execute its plans as currently contemplated. Although the Company believes these assumptions to be
reasonable based on information currently available, they may prove to be incorrect.
Forward-looking statements also involve known and unknown risks, uncertainties and 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
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statements. Such factors include, among others: risks related to the speculative nature of Newcore’s
business; Newcore’s stage of development; Newcore’s financial position; possible variations in
mineralization, grade or recovery rates; actual results of c urrent exploration activities; fluctuations in
general macroeconomic conditions and securities markets; fluctuations in the price of gold and other
commodities; fluctuations in currency exchange rates; change in national and local government,
legislation, taxation, controls, regulations and political or economic developments; risks and hazards
associated with mineral exploration, development and mining (including environmental hazards and
unusual or unexpected geological formations); the presence of laws an d 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); uncertainties related to exploration results
and the ability to convert mineralization into mineral resources or mineral reserves; the risk that additional
mineralization identified through drilling may not be incorpor ated into future studies or may not have a
material impact on the Project; and title to properties. Readers are cautioned that the foregoing list of
factors is not exhaustive of the factors that may affect the forward -looking statements.
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 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.
400 m
2024 - 2026 Drill Program
Enchi Gold Project
Nyam, Ghana (As of June 2026)
Previous Drill Holes
Legend
Drill Hole
Assays Announced
June 30, 2026
Map Area
Mineral Reserve
Pit Shell Outline
NBDD084
NBDD083
NBDD072B
NBDD070
NBDD079A
NBDD071
NBDD082
NBDD080
NBDD081
NBDD085
NBDD086