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Xtra-Gold intercepts 45 metres of 2.20 g/t Gold and 36 metres of 2.85 g/t Gold at its Kibi Gold Project in Ghana, West Africa
Toronto, Ontario--(Newsfile Corp. - August 21, 2012) - Xtra-Gold Resources Corp. (TSX: XTG; OTC...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"\nXtra-Gold intercepts 45 metres of 2.20 g/t Gold and 36 metres of 2.85 g/t Gold at its Kibi Gold Project in Ghana, West Africa\n\nToronto, Ontario--(Newsfile Corp. - August 21, 2012) - Xtra-Gold \nResources Corp. (TSX: XTG; OTCBB: XTGR) (“Xtra-Gold” or the “Company”), is \nvery pleased to announce results from 53 additional diamond core holes totaling \n8,810 metres (“m”) from the Company’s wholly-owned Kibi Gold Project, located in \nthe Kibi – Winneba greenstone belt (“Kibi Gold Belt”), in Ghana, West Africa. \nDrilling efforts include 17 holes designed to further test/delineate the high \ngrade Double 19 shoot (Zone 3 – East) and the South Ridge zone (Zone 2), and 36 \nscout drill holes to test geochemical/geophysical anomalies, geological targets, \nand the Kibi Old Mine prospect. Highlights of the drill results reported today \ninclude: \n\n \n 45 m grading 2.20 grams per tonne (“g/t”) gold, including 7.80 g/t gold \n over 7 m, in #KBDD12237 from 40 m down-hole (Double 19 Shoot); \n \n 36 m grading 2.85 g/t gold, including 7.06 g/t gold over 7.7 m, in \n #KBDD12253 from 42.5 m down-hole (South Ridge zone); \n \n Double 19 shoot extended to a down-plunge distance of approximately 205 m \n from surface. Drilling / trenching to date appears to indicate that the high \n grade Double 19 gold shoot consists of a moderately, ENE-plunging vein system \n centred on an apparent fold nose developed within the host diorite body; with \n the gold shoot having an asymmetrical convex geometry possibly reflecting a \n fold-hinge stockwork vein zone; \n \n South Ridge zone follow-up drilling returns high grade stockwork-type gold \n mineralization spatially associated with broad, auriferous shear zone \n (#KBDD12253); \n \n 2 new, typical Kibi-type, diorite–hosted, quartz stockwork systems \n discovered by scout drilling within central portion Zone 3 gold-in-soil \n anomaly; extending trace of granitoid-hosted gold mineralization to \n approximately 2.5 km along the NE-trending Kibi Gold trend; and \n \n Prominent, gold-bearing shear zone centred on quartz feldspar porphyry \n sill (“QFP”) discovered by scout drilling within Zone 4 gold-in-soil anomaly \n (Orange No. 5 Shear). Spatial relationship with QFP constitutes classical \n orogenic lode ...