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Xtra-Gold Resources Corp.: Cobra Creek Gold Corridor Channel Sampling Continues to Yield High Grade Gold
Toronto, Ontario--(Newsfile Corp. - June 16, 2016) - Xtra-Gold Resouces Corp. (TSX: XTG) (OTCB...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"Xtra-Gold Resources Corp.: Cobra Creek Gold Corridor Channel Sampling Continues to Yield High Grade GoldToronto, Ontario--(Newsfile Corp. - June 16, 2016) - Xtra-Gold Resouces Corp. (TSX: XTG) (OTCBB: XTGRF) (\"Xtra-Gold\" or the \"Company\"), is very pleased to announce latest channel sampling results from the Cobra Creek Gold Corridor prospect, 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 the recently implemented outcrop stripping / channel sampling program include:saw-cut channel sample composites grading 23.62 grams per tonne (\"g/t\") gold over 5 m, including 67.9 g/t gold over 0.9 m (#KBCS023-46); and 20.48 g/t gold over 4.58 m, including 35.47 g/t gold over 1.9 m (#KBCS023-47) from newly exposed breccia zone within central portion of High Grade Gold Shoot fold structure;High Grade Gold Shoot extended 40 m to NE, to total strike length of approximately 110 m, with saw-cut channel sample composites grading 12.0 g/t gold over 4.3 m, including 39.7 g/t gold over 0.85 m (#KBCS023-12); and 4.1 g/t gold over 7.93 m (#KBCS023-2);new high grade shear structure discovered along NW flank of High Grade Gold Shoot with channel sample composites grading 10.26 g/t gold over 3.37 m, including 34.3 g/t gold over 0.75 m (#KBCS092-3); and 13.17 g/t gold over 3.15 m, including 31.5 g/t gold over 0.95 m (#KBCS092-4);new auriferous structure discovered along SW extension of #R2 high resistivity trend spatially associated with the Main Shear structure, approximately 625 m southwest of the High Grade Gold Shoot, returning saw-cut channel intercepts of 1.07 m grading 23.6 g/t gold (#KBCS090-V4) and 3.85 m grading 4.62 g/t gold (KBCS090-10).The Cobra Creek Gold Corridor project corresponds to an approximately 550 m wide, NE- trending, multi-structure braided shear zone system traced to date over an approximately 850 m strike length. The quartz feldspar porphyry (\"QFP\") hosted mineralized corridor encompasses at least 9 auriferous shear zones ranging from approximately 1 m to 25 m in apparent width. Gold mineralization exhibits strong spatial association with 2 prominent NE-ENE high resistivity trends appearing to reflect broad zones of strong iron carbonate (+/- silica) alteration. Approximately 1.8 km long by 300 m to 800 m w...