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Xtra-Gold Resources Corp.
Summary
| Project: | Kibi | |
|---|---|---|
| Deposit: | Cobra Creek | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 10/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-10-2016: Xtra-Gold Resources Corp. announces an Exploration/Drilling Update report for its Cobra Creek deposit at the Kibi project. Drilling results incl. 1.5m @ 48.10g/t Au from 1.5m. Toronto, Ontario – October 19, 2016 – Xtra-Gold Resources Corp. (“X | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Yves P. Clement (Internal) | |
| ABSTRACT: | Toronto, Ontario – October 19, 2016 – Xtra-Gold Resources Corp. (“Xtra-Gold” or the “Company”) TSX: XTG; OTCBB: XTGRF, is pleased to announce highly encouraging results for the recently completed Cobra Creek Gold Corridor Phase I drill 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. A total of 43 boreholes totaling 2,639 metres were completed during the first pass diamond core drill program implemented over a period of 2.75 months. The present drill results correspond to a 43 borehole (2,639 m) Phase I diamond core drill program implemented from June 7 to August 31, 2016 on the Cobra Creek Gold Corridor prospect; an approximately 550 m wide, NE-trending, quartz-feldspar porphyry (“QFP”) hosted, multi-structure braided shear zone system traced to date over an approximately 850 m strike length. Refer to the Q2 2016 Corporate Presentation on the Company’s website at www.xtragold.com for further details on the Cobra Creek Gold Corridor project. Twenty-six (26) of the 43 boreholes reported today yielded exploration significant auriferous drill intercepts as presented in Table 1. The first pass drill program includes: 12 initial exploratory boreholes (#CCDD16001 - #CCDD16012) ranging from 56 m to 220 m in length (1,576 m) designed to test 10 priority auriferous shear targets identified by extensive outcrop stripping / channel sampling efforts, Induced Polarization (“IP”) / Resistivity anomalies spatially associated with auriferous shears, and to gain a better understanding of the litho-structural setting of the gold mineralization; and 31 short, predominantly vertical (-90o ) boreholes ranging from 16 m to 63 m in length (1,063 m) designed to better target / dissect flat-lying to shallow dipping gold-bearing extensional veining systems. | |
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