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Xtra-Gold Continues to Expand Boomerang East Gold System; Intersects 2.40 g/t Gold over 22.0 Metres in New Lower Shoot Footwall Zone
Toronto, Ontario--(Newsfile Corp. - December 21, 2022) - Xtra-Gold Resources Corp. (TSX: XTG) (O...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"Xtra-Gold Continues to Expand Boomerang East Gold System; Intersects 2.40 g/t Gold over 22.0 Metres in New Lower Shoot Footwall ZoneToronto, Ontario--(Newsfile Corp. - December 21, 2022) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) (\"Xtra-Gold\" or the \"Company\") is pleased to announce further positive assay results for an additional 10 diamond core boreholes totalling 3,353.5 metres from its ongoing Boomerang East resource expansion 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. With the present drilling successfully expanding the lateral continuity of the stacked, NE-plunging gold shoot system approximately 100 metres towards the southeast, as well as identifying a newly developing gold shoot emplaced within the footwall of the main Lower Shoot gold zone. The current drilling forms part of an aggressive in-house drilling initiative focussing on multiple resource expansion targets along the southwest (Zone 3) segment of the over three-kilometre-long Zone 2 - Zone 3 anticlinal fold structure; stretching over one kilometre beyond the limits of the current Mineral Resource Estimate (the \"2021 MRE\", see the Company's news release of November 1, 2021). Assay results reported are provided in Table 1 below and include the following highlights:New Footwall Shoot (in footwall of main Lower Shoot gold zone)22.0 metres (\"m\") at 2.40 grams per tonne gold (\"g/t Au\"), including 7.0 m at 5.35 g/t Au, from 226.0 m in KBDD22497 19.0 m at 0.76 g/t Au, including 7.0 m at 1.70 g/t Au, from 313.0 m in KBDD2249520.0 m at 0.58 g/t Au, including 5.0 m at 1.10 g/t Au, from 224.0 m in KBDD12228 (re-entered / extended hole)22.0 m at 0.52 g/t Au, including 4.0 m at 1.48 g/t Au, from 346.0 m in KBDD2249917.0 m at 0.61 g/t Au, including 4.0 m at 1.48 g/t Au, from 240.0 m in KBDD22500Lower Shoot (SE Lateral Expansion Drilling)65.0 m at 0.61 g/t Au, including 1.0 m at 5.70 g/t Au and 16.0 m at 0.98 g/t Au, from 150.0 m in KBDD225007.5 m at 2.11 g/t Au, including 1.0 m at 5.59 g/t Au, from 197.0 m in KBDD1222817.0 m at 0.60 g/t Au, including 4.0 m at 1.39 g/t Au, from 171.0 m in KBDD2249720.0 m at 0.47 g/t Au from 255.0 m; and 21.0 m at 0.52 g/t Au, including 1.5 m at 4.28 g/t Au, from 290.0 m in KBDD2249819.0 m at 0.65 g/t Au, in...