Xtra-Gold Resources (OTCBB: XTGR; TSX: XTG) continues to (i) confirm the down-plunge continuity and the multiple vein package structural style of the Big Bend gold zone and (ii) demonstrate the multiple gold deposit potential within Zone 2 of the Company’s wholly-owned Kibi Gold Project in Ghana, West Africa. To date, the Company has completed 70 drill holes totaling 18,932 metres of a planned 20,000 metre drill program, of which assays have been reported on 50 drill holes. Significantly, upon completion of the current drill program, a subsequent 20,000 metre drill program will be initiated later this month. Long story short, the Company likes what it sees in the current drill program and wants to continue to aggressively drill and delineate the potential of this asset.
Highlights from the most recently assayed diamond core holes include the following:
- 62 metres of 1.57 g/t gold, including 2.00 g/t gold over 42 metres (and including 2.76 g/t gold over 19 metres) in #KBDD11141 from 232 metres down-hole (Big Bend Zone);
- 41 metres grading 1.62 g/t gold, including 2.18 g/t gold over 20 metres, in #KBDD11143 from 249 metres down-hole (East Dyke-North Zone);
- Big Bend Zone now traced over approximately 325 metre strike length and 500 metre down plunge from surface within the Central Granitoid body;
- South Ridge Gold Zone extended 170 metres further down dip than from 2010 drilling; gold mineralization now traced over distances of approximately 440 metres along the strike and 400 metres down the dip of the South Ridge Granitoid body;
- New typical Kibi-type granitoid hosted vein system (i.e. Road Cut Zone) discovered in diorite body located 60 metres due south of the Central Granitoid’s Big Bend Zone; and
- Second diamond drill rig contracted to accelerate delineation/infill drilling of the Big Bend Zone and East Dyke — North Zone geared towards an initial resource estimate.
With more assays expected from the current and planned drill programs, Xtra-Gold will have continuous news flow, which we expect will continue to include strong grades across wide intercepts.