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Xtra-Gold Reports 2021 Year End Audited Financials and CEO Update
Toronto, Ontario--(Newsfile Corp. - April 4, 2022) -  Xtra-Gold Resources Corp. (TS...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"Xtra-Gold Reports 2021 Year End Audited Financials and CEO UpdateToronto, Ontario--(Newsfile Corp. - April 4, 2022) -  Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) (\"Xtra-Gold\" or the \"Company\") is pleased to provide the following summary of the year end audited financials (Dec. 31, 2021):-Total Assets increased from US$ US$9,340,942 (Dec. 31, 2020) to US$10,758,031 (Dec. 31, 2021), comprised mainly of cash, liquid securities, and gold inventory (\"liquid assets\");-Zero Debt;-Pre-Tax Income for the year US$2,045,713.The full details of the Year End Financials with MD&A can be viewed on the Company's website at www.xtragold.com. James Longshore CEO/Co-Founder states: \"Our Company has had another exciting year, with our updated Mineral Resource Estimate (MRE) generating an approximately 125% increase in Indicated Mineral Resources on our flagship Kibi Gold Project. Currently, our 3 diamond drill rigs are \"turning\", with the goal of proving up a multi-million-ounce gold deposit. We are fully financed for 2022 to execute on our business plan, with our current liquid assets.\"About Xtra-Gold Resources Corp.Xtra-Gold is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Xtra-Gold holds 5 Mining Leases totaling approximately 226 sq km (22,600 ha) at the northern extremity of the Kibi Gold Belt. The Company's exploration efforts to date have focused on the Kibi Gold Project located on the Apapam Concession (33.65 sq km), along the eastern flank of the Kibi Gold Belt. The Kibi Gold Project (Zones 1-3) Mineral Resource Estimate, produced by Xtra-Gold on September 30, 2021, represents the only Mineral Resource ever generated on a lode gold project within the Kibi Gold Belt. The NI 43-101 Technical Report entitled \"Xtra-Gold Resources Corporation Kibi Gold Project\", jointly prepared by Pivot Mining Consultants (Pty) and Tect Geological Consulting, and dated November 16, 2021, is filed under the Company's pro...