Newcore Gold Ltd. announced an update on exploration and development activities underway at the Company?s 100% owned Enchi Gold Project in Ghana. Diamond Drilling (DD) at the Nyam Gold Deposit, targeting high-grade mineralization in the upper portions of the sulphide mineralization, intersected 3.28 grams per tonne gold (g/t Au) over 11.0 metres (m), within a broader zone of 1.58 g/t Au over 26.3 m. Nyam is one of the currently identified deposits at Enchi where drilling continues to highlight the potential for longer-term resource growth from delineating high-grade underground resources in the sulphide mineralization. In addition to drilling, results of metallurgical testing on sulphide mineralization from Nyam confirmed excellent gold recoveries averaging 91.7%.

Additional exploration work underway at Enchi includes trenching on several kilometre-scale gold anomalies which continues to advance early-stage targets towards the drill testing stage, and further metallurgical testwork of both the oxide and sulphide mineralization. This news release reports results for 5 DD holes totalling 2,155 m (NBDD060 to NBDD064) targeting the Nyam Gold Deposit. All holes intersected gold mineralization.

Drilling at Nyam: Diamond drilling at Nyam consisted of five holes (2,155 metres) following-up on high-grade intercepts intersected in the upper portions of the sulphide mineralization. A series of holes tested the down dip and lateral extensions to the high-grade gold mineralization. Holes NBDD060 and NBDD061 tested the southern high-grade shoot.

Holes NBDD062, NBDD063 and NBDD064 tested extensions to the central high-grade shoot located 200 to 500 metres to the north. To date, the deposit has only been tested to a maximum vertical depth of 350 metres and remains open to depth and along strike. Hole NBDD063, which tested the central high-grade shoot, stepped out 75 m down dip from previously drilled hole NBDD052 which intersected 3.21 g/t Au over 15.0 m from 321.0 m. NBDD063 intersected 1.58 g/t Au over 26.3 m from 482.5 m, including 3.28 g/t Au over 11.0 m from 489.0 m. Hole NBDD064 is a lateral step out extending the high-grade zone intersected in previously drilled hole NBRC045 (1.57 g/t Au over 40.0 m from 179.0 m), intersecting 1.16 g/t Au over 36.4 m from 217.2 m, including 2.03 g/t Au over 17.4 m from 219.2 m. Hole NBDD060 is a down dip step out on the southern high-grade shoot and was drilled 90 m down dip of previously drilled hole NBDD048 which intersected 4.51 g/t Au over 13.0 m from 236.0 m. NBDD060 intersected 0.70 g/t Au over 19.7 m from 358.3 m, including 1.30 g/t Au over 9.4 m from 359.2 m. Metallurgical Testwork on Sulphide Mineralization from Nyam: A series of 14 composite samples of sulphide material drilled at the Nyam Gold Deposit were analysed by a series of bottle roll tests and returned an average gold recovery of 91.7% (ranging from 82.7% to 98.0%).

This testwork was completed at Intertek Labs in Tarkwa, Ghana, located approximately four hours by paved road from the Enchi Gold Project. The 14 samples included gold mineralized material from each of the five diamond drill holes completed at Nyam, with gold contents ranging between 0.62 and 9.34 g/t Au and averaging 2.08 g/t Au. There is no relationship between recovery and gold grade.

The head grade for each composite was determined with two 50-gram fire assays, with all samples analysed by 48 hour optimized leach bottle roll and assays completed on solutions and tails. The crushed sub splits were milled in the mild steel laboratory rod mill at 50% solids at suitable milling times to achieve a target grind size of 85% less than 45µm. Some composites were conditioned with 50 g/t lead nitrate and/or 20 ppm dissolved oxygen for two hours. After which the pH was conditioned with lime to a pH of 10.5 and sodium cyanide concentration adjusted to 1000 ppm with the addition of 1 g of sodium cyanide.

The samples were rolled for 48 hours and 10 mls of solutions picked at 4, 8, 24 and 32 hours to check residual cyanide and pH and adjust accordingly to original levels. The 14 composite sample are from a larger set of 27 composite samples created from 73 original coarse reject samples which include samples from each of the five diamond drill holes recently completed on the Nyam Gold Deposit. The samples are a representative set of gold mineralized material with a total weight of 225 kg.

The gold content for the composites ranged between 0.56 g/t Au and 11.14 g/t Au with an average of 2.10 g/t Au. Results of the initial bottle rolls on the larger set of 27 composite samples confirmed the amenability to direct cyanidation with an average recovery of 79% in a range between 63% and 90%. The crushed sub splits were milled in the mild steel laboratory rod mill at 50% solids at suitable milling times to achieve a coarser target grind of 85% less than 75µm. The Kinetic Bottle Roll test included 30 mls solutions picked at 2, 4, 8, 12, 16, 20, 24, 32 and 48 hours.

The solutions were analyzed for Au, cyanide and pH. Levels of cyanide concentration and pH were maintained throughout the test by being readjusted to their originals if below, after every pick and 30 mls of tap water was added after every pick to maintain the density throughout the test. The initial average recovery at the coarser grind for the samples selected for optimization testing was 81.4% increasing by +10.3% to 91.7% through the variable application of additional grinding, inclusion of lead nitrate, and oxygen.

The 27 samples contain essentially no silver with only two samples reporting above the detection limit of 0.5 g/t Ag with 0.6 and 1.0 g/t Ag and showing no correlation with the gold grades.