Xtra-Gold Resources Corp. (TSX:XTG)(TSX:XTG.S)(OTCBB:XTGR), has reported that ongoing diamond drilling has significantly expanded known gold mineralization down dip on the Zone 2 - Central Granitoid at its wholly-owned Kibi Gold Trend Project, located in the Kibi – Winneba greenstone belt, in Ghana, West Africa.
Three step-back holes (685 metres) successfully expanded the gold mineralization to a down dip depth of up to approximately 115 metres. Rush assay results on only these three holes was requested so the information would be available quickly for planning purpose.
These drill holes targeted the depth potential of the gold mineralization along the southeast portion of the Central Granitoid body located at the south-eastern extremity of the approximately 1,200 metre long by 500 metre to 800 metre wide Zone 2 gold-in-soil anomaly. All three holes were designed to test the down dip extension of gold mineralization along an approximately 100 metre strike extension of the host granitoid body; with the drilling centered on a flexure or possible fold nose imparting a change from a northwesterly trend to an easterly trend to the moderate, northerly dipping granitoid body. Gold mineralization is associated with quartz-albite-carbonate-sulphide veining developed within a rock body of quartz diorite to tonalite composition.
Hole #KBDD10099 was drilled in a southwest direction on the NW-trending segment of the granitoid body. It was designed to undercut a mineralized intercept of 27.0 metres grading 4.03 g/t gold in hole #KBDD10069 (see December 7, 2010 press release) and yielded two significant mineralization intercepts located approximately 75 metres down dip of the #KBDD10069 intercept, including: 20.0 metres grading 2.43 g/t gold from a down hole depth of 141 metres; and 7.0 metres grading 2.53 g/t gold from a down hole depth of 176 metres. To date significant mineralization has been traced over an approximately 115 metre down dip distance from surface on the KBDD10069 – KBDD10074 – KBDD10099 drill section.
Hole #KBDD10101, consisting of a south trending borehole designed to test the nose of the flexure in the granitoid body at depth below an intercept of 25.4 metres grading 2.11 g/t gold yielded by scout diamond core hole #KBD08012 (see January 8, 2009 press release), returned a wide mineralized intercept of 58.0 metres grading 2.46 g/t gold from a down hole depth of 112 metres; approximately 45 metres down dip of the #KBD08012 intercept. This 58 metre mineralized intercept encompasses an essentially barren, 11.0 metre core-length interval (130 m – 141 m) appearing to reflect the truncation of the mineralization by a post mineralization dyke; with the mineralized section above the dyke yielding an intercept of 18.0 metres grading 2.18 g/t gold (112 m - 130 m), and the segment below the dyke returning 28.0 metres grading 3.67 g/t gold (142 m – 170 m), including 15 metres grading 5.42 g/t gold.
Hole #KBDD10103, also consisting of a south trending borehole collared approximately 50 metres to the east of hole #KBDD10101 along the northern, hanging wall flank of the easterly trending granitoid body, was designed to undercut intercepts of 15.0 metres grading 0.87 g/t gold and 33 metres grading 1.28 g/t yielded by scout diamond core hole #KBD08013. Hole #KBDD10103 returned two significant mineralization intercepts extending approximately 45 metres to 75 metres down dip from the lower #KBD08013 mineralized intercept, including: 27.0 metres grading 1.98 g/t gold from a down hole depth of 131.0 metres, including 15.0 metres grading 3.23 g/t gold; and 25.0 metres grading 1.76 g/t gold from a down hole depth of 180.0 metres.
To date drilling and trenching has traced significant gold mineralization within the southeastern segment of the Central Granitoid over an approximately 300 metre strike extension of the host granitoid body and down to a maximum down dip distance 115 metres. The mineralization remains open in all directions and drilling to further define the extent and geological controls of the mineralization is currently on-going.
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.