Xtra-Gold Resources Corp. (TSX:XTG)(TSX:XTG.S)(OTCBB:XTGR), has reported the completion of the first 12 diamond core holes (#KBDD11105 to #KBDD11116) totaling 2,589 metres from the current 20,000 m drill program at its wholly-owned Kibi Gold Trend Project, located in the Kibi – Winneba greenstone belt, in Ghana, West Africa.
Visible Gold ("VG") was observed in nine (9) out of the 12 holes; with seven (7) holes yielding multiple visible gold occurrences. Core samples for the first eight (8) of these holes have been submitted to the ALS Chemex laboratory in Kumasi, Ghana, and the samples for the remaining four (4) holes are expected to be submitted to the laboratory by the end of the week. The reader is cautioned that the presence of visible gold mineralization does not necessarily equate to significant concentrations of gold and there is no assurance that the assay results of the samples from these drill holes will yield significant gold grades.
Analytical results will be released once the Company receives the lab results.
The drilling was primarily designed to expand known gold mineralization along strike and at depth within 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. The drilling yielded widespread visible gold occurrences distributed over an approximately 250metre strike extension of the host Granitoid body, and down to a vertical depth of approximately 220 metres. The visible gold is typically associated with quartz-albite-carbonate-sulphide veining developed within the host quartz diorite body.
The Company is also pleased to announce that recent geological mapping and trenching efforts appear to indicate that the four (4) auriferous Granitoid bodies discovered to date on Zone 2 may form part of a continuous, folded Granitoid body. To date gold mineralization has been traced by drilling and trenching over an approximately 1,500-metre aggregate distance along the limbs and nose of this SE- trending fold structure. The mineralization remains open in all directions and drilling / trenching 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.
Source: Xtra-Gold Resources Corp.