Xtra-Gold continues to expand mineralisation at Double 19 Kibi gold project

Xtra-Gold Resources Corp. has announced assay results for an additional 13 drill holes from its current resource expansion target generation programme within the Zone 2 – Zone 3 maiden mineral resource footprint area on the company’s wholly-owned Kibi Gold Project, located in the Kibi – Winneba greenstone belt in Ghana, West Africa.

The 13 diamond core boreholes totalling 2,185 metres, were completed by the company’s in-house drilling crews from mid-January to early March 2021 on the Double 19 deposit (9), Gatehouse zone (3) and newly identified Lone Tree shear structure (1); with a total of 98 holes (13,004 metres) drilled to date since the programme’s initiation in September 2019.

Assay results reported include the following highlights:

  • 48.8 metres grading 0.76 grammes per tonne (“g/t”) gold, including 1.91 g/t gold over 6.9 metres, from down-hole depth of 134.0 metres in #KBDD21387, with undercut hole #KBDD21391 returning 15.1 metres grading 1.24 g/t gold, including 2.56 g/t gold over 4.5 metres, from down-hole depth of 200 metres; extending mineralisation down to vertical depth of 200 metres on northeasternmost NW Limb zone section at Double 19
  • additional NW Limb drilling highlights include: 13.5 metres grading 1.92 g/t gold, including 3.13 g/t gold over 5.9 metres, from down-hole depth of 138.5 metres in #KBDD21384; 11.6 metres grading 1.00 g/t gold and 17.1 metres grading 1.13 g/t gold from down-hole depths of 92.0 metres and 121.9 metres respectively in #KBDD21386; and 7.6 metres grading 2.12 g/t gold, including 4.61 g/t gold over 2.0 metres, and 8.75 metres grading 1.03 g/t gold from down-hole depths of 101.0 metres and 125.25 metres respectively in #KBDD21390
  • 473.09 g/t gold over 0.5 metres (visible gold), immediately followed by 16.1 metres grading 0.51 g/t gold, from down-hole depth of 112.8 metres in #KBDD21388; with placement of mineralisation along granitoid – metasediment contact highlighting potential for high-grade, contact-controlled, shear-type gold mineralisation at Gatehouse, in addition to typical Kibi-type Granitoid-hosted gold mineralisation
  • 16.6 metres grading 0.96 g/t gold, including 3.47 g/t gold over 3.0 metres, from downhole depth of 41 metres in #KBDD21380 at newly identified Lone Tree shear; with drillfence tracing auriferous structure over 125 metre down-dip distance from surface.

James Longshore, President and CEO remarked: “We are incredibly pleased with the continued success of our resource expansion drilling program at the Double 19 gold deposit. With just under 5,000 m of drilling we have extended the down-plunge length of the fold hinge gold shoot to almost 300 metres and established the continuity of the newly defined NW Limb gold mineralization over an approximately 160 metre segment of the fold structure and down to a vertical depth of 200 metres. We look forward to the further resource growth potential from the ongoing step-out drilling targeting the down-plunge extension of the Double 19 fold structure.”

The Double 19 deposit has a current inferred mineral resource of 48,000 ounces of gold (0.61 million tonnes at an average grade of 2.43 g/t gold).

The Double 19 deposit, located in Zone 3, along with the Big Bend, East Dyke, South Ridge and Mushroom deposits in Zone 2, form part of a maiden mineral resource estimate (October 26, 2012) on the Company’s Kibi Gold Project. In aggregate, these five gold deposits lying within approximately 1.6 kilometres of each other are estimated to encompass an indicated mineral resource of 3.38 million tonnes grading 2.56 g/t gold for 278,000 ounces of contained gold and an additional inferred mineral resource of 2.35 million tonnes grading 1.94 g/t gold for 147,000 ounces of contained gold (@ base case 0.5 g/t cut-off). The Zone 2 – Zone 3 maiden mineral resource represents the first ever mineral resource generated on a lode gold project within the Kibi Gold Belt.

Gold mineralisation is characterised by auriferous quartz vein sets hosted in Belt-type granitoids geologically analogous to other “Granitoid-hosted” gold deposits of Ghana, including Kinross Gold’s Chirano and Newmont Mining’s Subika deposits in the Sefwi gold belt.


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