(TheNewswire)
Toronto, ON – TheNewswire - May 6, 2021 - Newcore Gold Ltd. (TSXV:NCAU)(OTC:NCAUF) provides a corporate update after expanding its currentdrill program to 66,000 metres at its 100% owned Enchi Gold Project inGhana, Africa’s largest gold producing country.
With 45% of the results from the overall drill program released todate, Newcore has focused its efforts on near-surface, oxide resourceexpansion as well as step out drilling to identify new zones ofmineralization at Enchi. The most recently reported results fromdrilling were highlighted by wide intercepts at the Kojina Hill goldtarget, which reported 59 metres of 0.79 g/t gold, including 10 metresof 3.03 g/t gold.
CEO Luke Alexander sits down with host Pat Beechinor to discuss therecent drill results and 2021 value drivers for the company, includingan updated Preliminary Economic Assessment study that is underway withresults anticipated to be announced by the end of Q2 2021:
Click to Listen to the FullInterview
For further information, pleasecontact:
Mal Karwowska | Vice President, Corporate Development and InvestorRelations
+1 604 484 4399
info@newcoregold.com
www.newcoregold.com
About Newcore Gold Ltd.
Newcore Gold is advancing its Enchi Gold project located in Ghana,Africa’s largest gold producer. The Project currently hosts anInferred Mineral Resource of 1.2 million ounces of gold at 0.72 g/t.Newcore Gold offers investors a unique combination of top-tierleadership, who are aligned with shareholders through their 32% equityownership, and prime district scale exploration opportunities.Enchi’s 216 km 2 landpackage covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone,a gold belt which hosts several 5 million-ounce gold deposits,including Kinross’ Chirano mine 50 kilometers to the north.Newcore’s vision is to build a responsive, creative and powerfulgold enterprise that maximizes returns for shareholders.
Forward-Looking Statements
This news release containsforward-looking statements that involve risks and uncertainties, whichmay cause actual results to differ materially from the statementsmade. When used in this document, the words "may","would", "could", "will","intend", "plan", "anticipate","believe", "estimate", "expect" andsimilar expressions are intended to identify forward-lookingstatements. Such statements reflect our current views with respect tofuture events and are subject to risks and uncertainties. Many factorscould cause our actual results to differ materially from thestatements made, including those factors discussed in filings made byus with the Canadian securities regulatory authorities. Should one ormore of these risks and uncertainties, such as actual results ofcurrent exploration programs, the general risks associated with the mining industry, theprice of gold and other metals, currency and interest ratefluctuations, increased competition and general economic and marketfactors, occur or should assumptions underlying the forward lookingstatements prove incorrect, actual results may vary materially fromthose described herein as intended, planned, anticipated, or expected.We do not intend and do not assume any obligation to update theseforward-looking statements, except as required by law.
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