Xtra-Gold Resources drills 1.35 g/t gold over 50 metres at Kibi, Ghana
Xtra-Gold Resources Corp. [XTG-TSX; XTGRF-OTCQB] reported assay results for an additional 13 diamond core boreholes totaling 3,047 metres from its ongoing Boomerang East resource expansion drilling program on the 100%-owned Kibi Gold Project in the Kibi-Winneba greenstone belt (Kibi Gold Belt”), Ghana, West Africa.
With the present drilling, targeting the down-plunge continuity of the recently identified Lower Shoot mineralization zone, returning multiple, broad intercepts of robust gold mineralization extending from practically surface to a down-plunge depth of approximately 350 metres. The current drilling forms part of an aggressive in-house drilling initiative focusing on multiple resource expansion targets along the southwest (Zone 3) segment of the over a 3-km-long Zone 2-Zone 3 anticlinal fold structure; stretching over 1 km beyond the limits of the current Mineral Resource Estimate.
Assay results reported are provided in the original company press release and include the following highlights:
Lower Shoot (Expansion Drilling) returned 50.0 metres at 1.35 g/t gold from 180.2 metres in hole KBDD22484. KBDD22485 returned 45.0 metres at 1.32 g/t gold, including 21.0 metres at 2.03 g/t gold from 12.0 metres.
KBDD22463 (re-entered / extended hole) returned 33.0 metres at 1.76 g/t gold, including 15.0 metres at 2.48 g/t gold from 233.0 metres. KBDD22487 returned 44.0 metres at 1.02 g/t gold, including 15.0 metres at 1.78 g/t gold from 176.0 metres.
KBDD22494 returned 41.0 metres at 1.01 g/t gold, including 22.0 metres at 1.48 g/t gold from 230.0 metres. KBDD22492 returned 47.5 metres at 0.86 g/t gold, including 27.0 metres at 1.19 g/t gold from 5.5 metres.
New Gold Mineralization (Potential for Stacked Gold Shoot System): KBDD22484 returned 20.0 metres at 0.7 g/t gold from 53.0 metres and 11.0 metres at 0.97 g/t gold from 117.0 metres and 1.0 metre at 7.54 g/t gold from 148.0 metres.
KBDD22491 returned 9.0 metres at 0.95 g/t gold from 108.0 metres and 10.0 metres at 1.01 g/t gold from 169.0 metres and 21.0 metres at 0.48 g/t gold from 291.0 metres.
KBDD22494 returned 8.0 metres at 1.83 g/t gold from 93.0 metres and 6.0 metres at 1.56 g/t gold from 114.0 metres and 13.0 metres at 0.73 g/t gold from 198.0 metres.
KBDD22487 returned 4.5 metres at 3.66 g/t gold, including 1.0 metre at 7.38 g/t gold from 241.5 metres.
James Longshore, President and CEO, remarked: “The ongoing drilling program continues to grow the mineralized footprint of the Boomerang East gold system, with the latest drilling considerably extending the down-plunge and lateral continuity of the Lower Shoot gold zone, and several boreholes also yielding multiple intercepts of new gold mineralization indicating the potential for an extensive array of stacked gold shoots.
“The widespread gold mineralization encountered by drilling at Boomerang East over the last year supports our belief that we are dealing with a major multi-shoot gold system, making us confident that the entire extension of the mineralization-controlling anticlinal fold hinge structure represents highly prospective exploration ground for the discovery of additional gold shoots proximal to Boomerang East, as well as potentially new gold systems further to the northeast. With the continuing expansion of the Boomerang East gold system, the Kibi Gold Project is well positioned to grow beyond the current resource.”
Today’s Kibi Gold Project drill results correspond to 13 expansion drill holes targeting the down-plunge and lateral continuity of the recently defined Lower Shoot mineralization zone, forming part of the Boomerang East gold system, located along the southwestern (Zone 3) segment of the over the 3-km-long Zone 2-Zone 3 anticlinal fold structure.
Xtra-Gold is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana’s main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area.
Xtra-Gold holds 5 Mining Leases totaling approximately 22,600 hectares at the northern extremity of the Kibi Gold Belt. The company’s exploration efforts to date have focused on the Kibi Gold Project located on the Apapam Concession (33.65 km2), along the eastern flank of the Kibi Gold Belt.