Business
Xtra-Gold Reports Geophysical Results for the Zone 5 Gold Project IP Survey
Toronto, Ontario--(Newsfile Corp. - December 12, 2013) - Xtra-Gold Resources Corp. (TSX: XTG)...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"Xtra-Gold Reports Geophysical Results for the Zone 5 Gold Project IP SurveyToronto, Ontario--(Newsfile Corp. - December 12, 2013) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) (\"Xtra-Gold\" or the \"Company\") is very pleased to report the final interpretation of the results for the Zone 5 Gold Corridor Induced Polarization / Resistivity survey (\"IP Survey\"), on the Company's wholly-owned Kibi Gold Project, located in the Kibi-Winneba greenstone belt (the \"Kibi Gold Belt\"), in Ghana, West Africa. Highlights of IP survey results reported today include: - Bulk of gold mineralization identified to date along Zone 5 Gold Corridor exhibits strong spatial association with prominent, NE to ENE-trending, resistivity trends (i.e. #R2, #R1) appearing to reflect broad zones of strong iron carbonate (+/- silica) alteration;     - Approximately 350 m long, deep-rooted (> 225 m), SW-plunging, coincident chargeability (IP) / resistivity anomaly spatially associated with the High Grade Gold Shoot and Tourmaline Zone at the northwest extremity of the Main Shear structure (i.e. #M2 Priority Target);     - To date gold mineralization, including the High Grade Gold Shoot and L17600N Gold Shoot along the Main Shear structure and the neighboring Old Pit Shear, traced over an approximately 775 m apparent strike distance along the approximately 1,100 m long #R2 high resistivity trend;     - Two high-priority, 475 m and 600 m long, IP targets identified along prominent ENE-trending resistivity anomalies paralleling the gold-bearing #R2 resistivity trend spatially associated with the Main Shear and Old Pit auriferous structures (i.e. #M8 and #M15 Priority Targets);     - Widespread auriferous banded iron formation rock floats spatially associated with parallel, 900 m and 550 m long, deep-rooted, very strong chargeability responses with intermittent resistivity anomalies lying along apparent NNE-trending regional fault zone (i.e. #M17 and #M21 IP Targets).    The Zone 5 IP survey identified 4 first priority, coincident chargeability (IP) / resistivity anomalies, including: an approximately 350 m long, deep-rooted (> 225 m), SW-plunging chargeability / resistivity target spatially associated with the High Grade Gold Shoot and Tourmaline Zone at the northwest extremity of the Main Shear st...