Business
Xtra-Gold Intercepts 38 Metres of 2.67 g/t Gold and 16 Metres of 4.88 g/t Gold at its Kibi Gold Project in Ghana, West Africa
Toronto, Ontario--(August 31, 2011) - Xtra-Gold Resources Corp. (“Xtra-Gold” or t...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"\nXtra-Gold Intercepts 38 Metres of 2.67 g/t Gold and 16 Metres of 4.88 g/t Gold at its Kibi Gold Project in Ghana, West Africa\n\nToronto, Ontario--(August 31, 2011) - Xtra-Gold Resources Corp. (“Xtra-Gold” or the “Company”) (TSX: XTG) (OTCBB: XTGR), is very pleased to report that ongoing drilling on the Kibi Gold Project continues to intersect significant gold mineralization, including 2.67 grams per tonne (“g/t”) gold over 38 metres on the Big Bend Gold Zone – Central Granitoid and 4.88 g/t gold over 16 metres on the newly defined Mushroom Gold Zone at the southeastern extremity of the Upper Central Granitoid. Assay results from 19 new diamond core holes (5,055 metres) reported below continue to confirm the down-plunge continuity and the multiple en-echelon vein package structural style of the Big Bend Gold Zone, and demonstrate the multiple gold deposit potential within Zone 2 of the Company’s wholly-owned Kibi Gold Project, located in the Kibi – Winneba greenstone belt (“Kibi Gold Belt”), in Ghana, West Africa. \nHighlights of the holes reported today include: \n16 metres grading 2.25 g/t gold and 38 metres grading 2.67 g/t gold in KBDD11133 from 152 metres and 182 metres down-hole, respectively (Big Bend Gold Zone); \n32 metres grading 2.41 g/t gold in KBDD11136 from 149 metres down-hole, including 17 metres grading 4.01 g/t gold (Big Bend Gold Zone); \nBig Bend Gold Zone now traced over approximately 325 metre strike length and 450 metre down plunge from surface within the Central Granitoid body; \n16 metres grading 4.88 g/t gold, including 10 metres grading 7.38 g/t gold, from 67 metres down hole in KBDD11117, on the newly defined Mushroom Gold Zone on the Upper Central Granitoid (as noted below); and \n3 newly defined Shear Targets, including 34.80 g/t gold over 1 metre in coarse visible gold-bearing shear zone in KBDD11133. Table 1: Significant Drill Intercepts - Kibi Gold Project                  Big Bend Gold Zone (Central Granitoid) / Mushroom Gold Zone (Upper Central Granitoid) Hole ID \nFrom \nTo \nCore \nGold \nTarget Granitoid / Zone   \n(metres) \n(metres) \nLength \nGrams Per \n    \n  \n  \n(metres) \nTonne \n  \nKBDD11115 \n156.0 \n163.0 \n7.0 \n4.09 \n\nCent...