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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
Toronto, Ontario--(Newsfile Corp. - December 20, 2023) - Xtra-Gold Resources Corp. (TSX: XT...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"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 MetresToronto, 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).Present drilling efforts successfully: discovered new high-grade gold zone at depth, expanding the stacked, multi-shoot Boomerang gold system across an approximately 370 m cross-plunge distance; further defined the robust grade and down-plunge continuity of the main Lower Shoot gold zone; and extended the Lower Shoot mineralization approximately 100 m further down-dip at the northeast extremity of the gold system. Assay results reported are provided in Table 1 below and include the following highlights:New High-Grade Gold Zone (Boomerang \"Deep\")9.0 m at 9.29 grams per tonne gold (\"g/t Au\"), including 4.5 m at 16.94 g/t Au, from 400.0 m in KBDD23536 (~90 m stratigraphy below (cross-plunge) of main Lower Shoot)Definition Drilling (Boomerang - Main \"Lower Shoot\" Gold Zone)56.0 m at 1.40 g/t Au, including 20.0 m at 2.54 g/t Au, from 166.0 m in KBDD2353050.0 m at 1.28 g/t Au, including 22.0 m at 1.93 g/t Au, from 258.0 m in KBDD23536Expansion Drilling (Boomerang - SE Lateral / Down-...