Business
Xtra-Gold Continues To Confirm Resource Expansion Potential For South Ridge Gold Deposit, KIBI GOLD BELT, GHANA
Toronto, Ontario--(Newsfile Corp. - October 30, 2018) - Xtra-Gold Resources Corp. (TSX: ...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"Xtra-Gold Continues To Confirm Resource Expansion Potential For South Ridge Gold Deposit, KIBI GOLD BELT, GHANAToronto, Ontario--(Newsfile Corp. - October 30, 2018) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) (\"Xtra-Gold\" or the \"Company\") is pleased to announce assay results for an additional 7 drill holes from its ongoing mineral resource expansion drilling program at the South Ridge gold deposit, on the Company's wholly-owned Kibi Gold Project, located in the Kibi - Winneba greenstone belt (the \"Kibi Gold Belt\"), in Ghana, West Africa. The 7 diamond core boreholes totalling 990 metres were completed by the Company's in-house drilling crew during the months of August and September; with 18 holes (2,272 metres) drilled to date since initiation of the planned 4,000 metre program in February 2018. Highlights of today's drill results are as follows and complete auriferous intercepts are listed in Table 1 below: - 24.44 metres grading 1.24 grams per tonne (\"g/t\") gold, including 5.27 g/t gold over 2.44 metres from a down-hole depth of 37.86 metres in #KBDD18274 collared at the zone's southeast extremity; demonstrating potential for further resource expansion to the southeast;- 25.65 metres grading 1.4 g/t gold, including 3.14 g/t gold over 5.75 metres and 3.38 g/t gold over 3.15 metres from a down-hole depth of 12.0 metres in #KBDD18270; and- 15.0 metres grading 1.19 g/t gold, including 3.25 metres grading 2.99 g/t gold from a down-hole depth of 67.8 metres in #KBDD18269; extending gold mineralization in northwestern section of the zone approximately 100 metres downdip from previous drilling forming scope of current inferred mineral resource estimate. James Longshore, President and CEO remarked: \"We are very satisfied with the advancements made this year on the South Ridge deposit. Ongoing drilling efforts have so far confirmed the downdip continuity of the gold mineralization within the northwestern section of the deposit, outside the scope of the current inferred mineral resource, as well as indicating the potential for further resource expansion to the southeast. We remain focused on maximizing the resource potential of the South Ridge deposit with the goal of further enhancing project economics.\" The South Ridge deposit has a current inferred mineral resource estimate of 42,000 ounces at an average grade of ...