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Xtra Gold Resources Corp T.XTG

Alternate Symbol(s):  XTGRF

Xtra-Gold Resources Corp. is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Company's exploration activity is focused on the Kibi Gold Project comprising approximately 33.65 square kilometers (sq kms), which is located on the Apapam Concession along the eastern flank of 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 activities are focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. The Company has five concessions: Kwabeng, Pameng, Apapam, Muoso and Banso. It holds five mining leases totaling approximately 226 sq km (22,600 hectares) at the northern extremity of the Kibi Gold Belt. Its subsidiaries include Xtra-Gold Exploration Limited and Xtra-Gold Mining Limited.


TSX:XTG - Post by User

Post by Betteryear2on Dec 20, 2023 8:15pm
81 Views
Post# 35794926

Xtra-Gold Expands Boomerang Gold System

Xtra-Gold Expands Boomerang Gold SystemToronto, Ontario--(Newsfile Corp. - December 20, 2023) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company") is pleased to announce further positive assay results for an additional 12 diamond core boreholes totalling 4,108 metres ("m") from its current exploration drilling program on the Company's wholly-owned Kibi Gold Project, located in the Kibi - Winneba greenstone belt (the "Kibi Gold Belt"), in Ghana, West Africa. Today's drilling results include 9 drill holes (3,398 m) dedicated to the further expansion / definition of the Boomerang gold system (formerly Boomerang East & Boomerang West targets) and 3 scout drill holes (710 m) targeting prospective litho-structural settings generated by the recently completed 3D VTEM / TMI inversion-modelling. The current drilling forms part of an aggressive in-house drilling initiative focussing on multiple resource expansion targets occupying the south-western (Zone 3) portion of the mineralization-hosting 1st-order F2 synclinorium fold structure; over 1 km beyond the limits of the currently defined Mineral Resource Estimate (the "2021 MRE", see the Company's news release of November 1, 2021)

Xtra-Gold Expands Boomerang Gold System at Depth with High-Grade Drill Intercept Grading 9.29 g/t Gold over 9.0 Metres, including 16.94 g/t Gold over 4.5 Metres (newsfilecorp.com)
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