Xtra-Gold Resources Corp. (TSX:XTG)(TSX:XTG.S)(OTCBB:XTGR) has announced further encouraging gold assay results from an additional nine diamond core holes (1,809 metres) on Zone 2 from the Phase III drill program at its wholly-owned Kibi Gold Trend Project, located in the Kibi – Winneba greenstone belt, in Ghana, West Africa.
Drilling highlights from the South Ridge Granitoid of Zone 2 include surface or near surface granitoid–hosted gold mineralization intercepts of 19.5 metres grading 1.52 grams per tonne ("g/t") gold in drill hole #KBDD10085; 25.5 metres grading 1.50 g/t in hole #KBDD10086 and 23 metres grading 1.74 g/t gold in hole #KBDD10090. Hole #KBDD10091 encountered a 17.0 metres intersection grading 2.42 g/t. Drilling is continuing.
Seven (7) out of the 9 holes targeted gold mineralization in the South Ridge Granitoid body located at the north-western extremity of the approximately 1,200 metre long by 500 metre to 800 metre wide Zone 2 gold-in-soil anomaly. This drilling was designed to follow-up on reverse circulation hole #KBRC09068 which returned a 76.0 metre mineralized intercept grading 1.62 gold, including 20.0 metre grading 3.36 g/t gold, from surface (see October 28, 2009 Press Release), and to test mineralization exposed in recent trenching in the area. The remaining two (2) holes targeted the Central Granitoid and the Upper Central Granitoid bodies, respectively.
Six (6) out of the present 7 holes targeting the South Ridge Granitoid yielded significant gold intercepts, with all mineralized intercepts consisting of granitoid – hosted gold mineralization spanning from 2 metre to 72 metre in core length. Drilling and trenching to date have traced an extensive system of en echelon extension vein arrays across an approximately 440 metre distance along the SE-trending South Ridge Granitoid body. Gold mineralization is associated with quartz-albite-carbonate-sulphide veining developed within a rock body of quartz diorite to tonalite composition. Additional trenching/drilling is required to further define the extent and strike length of the quartz vein arrays, the structural controls of the mineralization, and the contacts of the host granitoid body.
Yves P. Clement, P. Geo, Vice President, Exploration for Xtra-Gold is acting as the Qualified Person in compliance with National Instrument 43-101 ("NI 43-101") with respect to this announcement. He has prepared and or supervised the preparation of the scientific or technical information in this announcement and confirms compliance with NI 43-101. The NI 43-101 Technical Report entitled "Kibi Project, Eastern Region, Ghana", prepared by Simon Meadows Smith and Joe Amanor of SEMS and dated July 12, 2010 is filed under the Company's profile on SEDAR at www.sedar.com.
Source: Xtra-Gold Resources Corp