Xtra-gold Resources Corp. · TSX:XTG
Xtra-gold Resources — Investor Presentation (2016)
30 slides from Xtra-gold Resources's investor presentation, 2016
Slide 1: Corporate Presentation Q2 2016
CORPORATE PRESENTATION Q2 2016 Pioneering the Discovery of a New Gold Belt in Ghana, West Africa
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Statements contained in this Presentation that are not based on historical fact are “forward-looking statements”. Recipients are not to construe the contents of this Presentation as legal or tax advice. Each Recipient should Forward-looking
Slide 3: Presentation Summary
PRESENTATION SUMMARY • Corporate Overview • Ghana Overview • Exploration Overview • Strategy 3
Slide 4: Corporate Overview: Highlights
CORPORATE OVERVIEW Highlights ¾ Xtra-Gold Resources Corp. (“Xtra-Gold” or the “Company”) is a gold exploration company focused on defining a potentially significant mineral resource on its Kibi Gold Discovery in Ghana, West Africa ¾ The Company’s main concessions are comprised of 5 mining leases (22
Slide 5: Corporate Overview: Corporate Structure
CORPORATE OVERVIEW Corporate Structure 5
Slide 6: Corporate Overview: Management
CORPORATE OVERVIEW Management James Longshore • 23 years’experience with resource-based companies President, CEO • Co-Founder of Xtra-Gold • Managing Director of Ghana operations since 2009 Yves P. Clement • 30 years’ international experience in generation, evaluation and development of exploration
Slide 7: Corporate Overview: Assets
CORPORATE OVERVIEW Assets 1. Maiden Mineral Resource Estimate (Base Case): 278,000 ounces of gold at average grade of 2.56 g/t in Indicated category, and additional 147,000 ounces of gold at average grade of 1.94 g/t in Inferred category 2. 5 Mining Leases totaling 55,905 acres in a significant gold
Slide 8: Corporate Overview: Assets
CORPORATE OVERVIEW Assets XtraͲGoldResources’President/CEOJamesLongshorewith“AlluvialGoldSales” 8
Slide 9: Ghana Overview: About Ghana
GHANA OVERVIEW About Ghana ¾ Independent West African country, located on the Gulf of Guinea just north of the equator (formerly known as “The Gold Coast”) ¾ Population +25 million ¾ GDP $33 billion (2015 estimate) ¾ Democratic government • legal system based on British Common Law • more than 50 yea
Slide 10: Ghana Overview: Location & Infrastructure
GHANA OVERVIEW Location & Infrastructure ¾ Xtra-Gold’s mining camp is the closest to the capital city of Accra, as depicted on the map ¾ Easy direct air services to Accra from the following international cities: Dubai, London, New York, Amsterdam and Brussels ¾ Distance is 120 km from Accra, with ne
Slide 11: Ghana Overview: Gold in Ghana
GHANA OVERVIEW Gold in Ghana ¾ Four main gold belts of Southern Ghana depicted on map, with all discovered gold deposits highlighted ¾ Gold discovered: +150 million ounces ¾ Annual production: more than 3 million ounces; second highestproducer in Africa ¾ Four of the top five gold producers in the w
Slide 12: Discovering Ghana's Next Gold Camp
EXPLORATIONOVERVIEW DiscoveringGhana’sNextGoldCamp StrategicLandPackageInEmergingGoldBelt ¾ Dominant,whollyͲowned,landpositioninhighlyprospectiveand underexploredKibiͲWinnebagreenstonebelt(“Kibi GoldBelt”) ¾ Kibi GoldBeltgeologicallyanalogoustootherprolificBirimian greenstonebeltsofsouthernGhana,inc
Slide 13: Kibi Gold Belt – Untapped Potential
EXPLORATIONOVERVIEW Kibi GoldBelt– UntappedPotential PioneeringDiscoveryOfNewGoldBelt ¾ PriortoXtraͲGold,verylimitedsystematic/modernexplorationactivity targetinglodegolddepositsconductedonKibi GreenstoneBelt(“Kibi Gold Belt);withvirtuallyallpastmining/explorationeffortsfocussingon extensivealluvial
Slide 14: Kibi Gold Project: Expanding Gold Mineralization Footprint
EXPLORATIONOVERVIEW Kibi GoldProject ExpandingGoldMineralizationFootprint ¾ MaidenMineralResourcereflectsworkonZone2&Zone3 goldͲinͲsoilanomalies,first2targetsfocusedonsince commencementof fieldworkonproject;withexcellent potentialtodiscovernewdepositsacrosstheKibi Gold Project,aswellaswithinZone2and
Slide 15: Kibi Gold Project: Maiden Mineral Resource Estimate
EXPLORATIONOVERVIEW Kibi GoldProject MaidenMineralResourceEstimate Zone2– Zone3 BaseCaseResourceEstimate(effectiveOctober26,2012) ¾ MaidenmineralresourcerepresentsfirsteverNI43Ͳ101compliantresource generatedonalodegoldprojectwithintheKibi GoldBelt ¾ Allmineralizedbodies cometosurfaceandremainopenins
Slide 16: Base Case Mineral Resource Estimate
EXPLORATIONOVERVIEW Kibi GoldProject BaseCaseMineralResourceEstimatesbyDeposit,MaterialType,andClassification BaseCaseMineralResourceEstimate Zone2– Zone3 ¾ BasecaseresourceestimateencompassesBigBend,EastDyke,Mushroom, andSouthRidgedepositsinZone2andtheDouble19depositinZone3 ¾ Inaggregate,these5gold
Slide 17: Big Bend / East Dyke Deposit Cross-Sections
EXPLORATIONOVERVIEW Kibi GoldProject BigBend/EastDykeDepositCrossͲSections(Zone2– Zone3ResourceEstimate) CrossͲSectionthroughBigBendcentral(lookingWest) CrossͲSectionthroughEastDykecentral(lookingNorth) BigBendandEastDykedepositcrossͲsectionsillustratingstackedenͲechelongeometryandverticalcontinuity
Slide 18: Zone 2 Gold Mineralization Model
EXPLORATIONOVERVIEW Kibi GoldProject Modeldepictingrelativepositioning,strike/dip,andplungeofZone2goldmineralizationshoots/envelopes 18
Slide 19: Mineral Resource Expansion Potential
EXPLORATIONOVERVIEW Kibi GoldProject MineralResourceExpansionPotential (Zone2– Zone3) ¾ Maidenresourceestimateprovidessignificantstartingposition, withall5mineralizedbodiesremainingopeninseveral directions;withgoodpotentialtoexpandrespectiveresources byfollowupdrilling ¾ Considerableinsightgainedonm
Slide 20: Cobra Creek Gold Corridor: Drill Ready High-Grade Gold Project
EXPLORATIONOVERVIEW CobraCreekGoldCorridor DrillReadyHighͲGradeGoldProject ¾ ~550mwide,NEͲtrending,highͲgradegoldbearing structuralcorridortracedover~850mstrikelength ¾ Quartzfeldsparporphyry(“QFP”)hostedmultiͲstructure braidedshearzonesystemencompassing9known auriferousshearzonesfrom~1mto~25minwidt
Slide 21: Cobra Creek: High-Grade Gold Shoot
EXPLORATIONOVERVIEW CobraCreekGoldCorridor HighͲGradeGoldShoot ¾ HighͲgradegoldshoot(“blowout”)tracedover~110m strikelength,andattaining~15minapparentwidth; returningrockchipchannelinterceptof6.7m@32.32g/t gold,including2m@82.22g/tgold ¾ MappingtodateindicateshighͲgradegoldmineralization occursinhin
Slide 22: Cobra Creek: Gold Mineralization Setting
EXPLORATIONOVERVIEW CobraCreekGoldCorridor GoldMineralizationSetting ¾ Goldmineralizationexhibitsstrongspatialassociationwith2 prominentNEͲENEresistivitytrendsappearingtoreflectbroad zonesofstrongironcarbonate(+/Ͳ silica)alteration ¾ MainSheargoldmineralizationtracedover~850mapparent strikedistancea
Slide 23: Cobra Creek: High Priority #M2 IP Target
EXPLORATIONOVERVIEW CobraCreekGoldCorridor HighPriority#M2IPTarget (HighGradeGoldShoot/TourmalineZone) ¾ HighͲPriority#M2chargeability(IP)targetspatially associatedwithHighGradeGoldShootandTourmaline ZoneatNEextremityofprominentauriferous #R2 resistivitytrendspatiallyassociatedwithMainShear structur
Slide 24: Cobra Creek: High Priority IP Targets
EXPLORATIONOVERVIEW CobraCreekGoldCorridor HighPriorityIPTargets LightningGoldShoot– MainShearIPTarget ¾ ~30m– 60mthickflatͲlyingchargeablebodyextending over~600mdistanceacrossstructuralcorridor;from LightningGoldShootatNWextremitytoMainShear structuretohighͲpriority#M8IPtarget ¾ Moderate– strongcha
Slide 25: Cobra Creek Gold Corridor: Field Photos
EXPLORATIONOVERVIEW CobraCreekGoldCorridor Outcropstripping onMainShear;HighGradeShootattopofridge(FacingNorth) MechanizedtrenchingonHighGradeGoldShoot– MainShear(FacingSW) SawͲcutchannelsampling/samplestringsurveying(L17675NShear) Outcroppowerwashing/channelsamplingonL17675NShear(FacingSW) 25
Slide 26: Cobra Creek Gold Corridor: Field Photos
EXPLORATIONOVERVIEW CobraCreekGoldCorridor DiscoveryOutcropͲ HighͲGradeGoldShoot– MainShear;Rockchipchannels(FacingNE) FoldedQuartzͲFeCarbͲTourmalineVeiningonHighGradeGoldShootͲ MainShear(FacingENE) SawͲcutchannelsamplingonHighGradeGoldShoot– MainShear(FacingNW) HighGradeGoldShoot– StronglyAltered/P
Slide 27: Grassroots Project Pipeline (Kibi Gold Project)
EXPLORATIONOVERVIEW GrassrootsProjectPipeline (Kibi GoldProject) HillcrestShear&Akwadum SouthTargets ExpandingKibi GoldProjectFootprint ¾ HillcrestShearTarget(Zone6): ~1,200mx100m– 200m tight/lineargoldͲinͲsoilanomaly(>50ppbAuenvelope)lying alongcrestofprominentridge;with~40%ofsamplesyielding >100pp
Slide 28: Grassroots Project Pipeline (Kwabeng Mining Lease)
EXPLORATIONOVERVIEW GrassrootsProjectPipeline (Kwabeng MiningLease) Bomaa GoldTarget NewGrassrootsProspectingDiscovery ¾ Continuousauriferousargilliterockfloatand/orsubcrop traintraceable inmeanderingpatternover ~2.8km distance;mineralizedrockfloat/subcrop trainappearsto mimic traceoffoldedauriferou
Slide 29: Strategy to Maximize Shareholder Value
STRATEGY TO MAXIMIZE SHAREHOLDER VALUE Increase the Maiden Mineral Resource of the Kibi Gold Discovery Immediate goal is to define 1 million ounces of gold Continue contract alluvial (placer) gold mining to create cash flow to limit shareholder dilution Continue grassroots exploration work to potent
Slide 30: Contact Us
CONTACT US Suite 902 357 Bay Street Toronto ON M5H 2T7 TEL: (416) 366-4227 James Longshore, President/CEO FAX: (416) 981-3055 TEL: (416) 579-2274 WEB SITE: www.xtragold.com E-MAIL: jameslongshore@hotmail.com AUDITOR: RBSM Accountants & Advisors LLP 805 Third Avenue, Suite 1430 New York, New York 100