| Announcement Date: | 2022-09-27 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Xtra-Gold Resources Corp. |
| Project name: | Kibi |
| Location: | Ghana |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 50m at 1.35g/t Au from 180.2m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, Ontario – September 27, 2022 – Xtra-Gold Resources Corp. (“Xtra-Gold” or the “Company”) TSX: XTG; OTCQB: XTGRF, is pleased to announce assay results for an additional 13 diamond core boreholes totalling 3,047 metres from its ongoing Boomerang East resource expansion drilling 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. With the present drilling, targeting the down-plunge continuity of the recently identified Lower Shoot mineralization zone (see the Company’s news release of June 23, 2022), returning multiple, broad intercepts of robust gold mineralization extending from practically surface to a downplunge depth of approximately 350 metres. The current drilling forms part of an aggressive inhouse drilling initiative focussing on multiple resource expansion targets along the southwest (Zone 3) segment of the over three-kilometre-long Zone 2 – Zone 3 anticlinal fold structure; stretching over one kilometre beyond the limits of the current Mineral Resource Estimate (the “2021 MRE”, see the Company’s news release of November 1, 2021). Assay results reported are provided in Table 1 below and include the following highlights |
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