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Xtra-Gold Reports Encouraging Initial Drill Results from Cobra Creek Gold Corridor Project
Toronto, Ontario--(Newsfile Corp. - October 19, 2016) - Xtra-Gold Resources Corp. (TSX: XTG) ...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"\nXtra-Gold Reports Encouraging Initial Drill Results from Cobra Creek Gold Corridor ProjectToronto, Ontario--(Newsfile Corp. - October 19, 2016) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCBB: XTGRF) (\"Xtra-Gold\" or the \"Company\"), is pleased to announce highly encouraging results for the recently completed Cobra Creek Gold Corridor Phase I drill 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. A total of 43 boreholes totaling 2,639 metres were completed during the first pass diamond core drill program implemented over a period of 2.75 months. Highlights of the drill results reported today include:4.5 m grading 10.9 grams per tonne (\"g/t\") gold, including 16.28 g/t gold over 2.9 m, and including 57.08 g/t gold over 0.6 m, from 7.1 m down-hole in #CCDD16020; 0.7 m grading 58.73 g/t gold from vertical depth of 27.6 m in #CCDD16024; and 5.5 m grading 6.57 g/t gold, including 11.7 g/t gold over 2 m, from surface in #CCDD16013 (High Grade Shoot fold structure); 5.2 m grading 9.51 g/t gold, including 37.95 g/t gold over 1.1 m, and including 51.35 g/t gold over 0.6 m, from vertical depth of 1 m in #CCDD16015; and 1.5 m grading 48.1 g/t gold and 0.7 m grading 10.5 g/t gold from vertical depths of 1.5 m and 12 m respectively in #CCDD16022 (High Grade Shoot - NW Branch); High grade quartz - iron carbonate - tourmaline vein mineralization in boreholes #CCDD16015, #CCDD16020, and #CCDD16024 characterized by multiple visible gold grains; Surface mapping / drilling observations to date indicate that High Grade Shoot gold mineralization, as also appears to be the case for most of the other auriferous vein systems along the Cobra Creek Gold Corridor, hosted by easterly trending, relatively flat-lying, variably folded, extensional veining arrays developed along a series of NE-trending, moderately to steeply SE-dipping shear zones exhibiting extensive iron carbonate - silica (+/- sericite) alteration envelopes; Highly encouraging Phase I drill results, in combination with the extensive surface mapping / sampling efforts, continue to add to the understanding of the structural controls of the mineralization, providing additional insight and exploration targets to help guide future drilling campaigns on the Cobra Creek Gold Corridor project....