- Xtra-Gold Resources (XTG) is releasing assay results for 13 additional drill holes at its Double 19 Kibi Gold Project in Ghana
- The 13 diamond core boreholes total 2,185 metres and were completed by the company’s in-house drilling crews from mid-January to early March 2021
- The company has drilled a total of 98 holes, totalling 13,004 metres since the program’s initiation in September 2019
- Xtra-Gold Resources is up 0.86 per cent, with shares trading at $1.17 at 12:27 pm ET
Xtra-Gold Resources (XTG) is releasing assay results for 13 additional drill holes at its Double 19 Kibi Gold Project in Ghana.
The 13 diamond core boreholes total 2,185 metres and were completed by the company’s in-house drilling crews from mid-January to early March 2021 on the Double 19 deposit, Gatehouse zone and newly identified Lone Tree shear structure.
The company has drilled a total of 98 holes, totalling 13,004 metres since the program’s initiation in September 2019.
The Double 19 deposit has a current inferred mineral resource of 48,000 ounces of 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 on the Company’s Kibi Gold Project.
In aggregate, the 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 grams of gold per tonne of material for 278,000 ounces of contained gold and an additional inferred mineral resource of 2.35 million tonnes grading 1.94 grams of gold per tonne of material for 147,000 ounces of contained gold.
“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,” said Xtra-Gold Resources President and CEO James Longshore.
Xtra-Gold Resources is up 0.86 per cent, with shares trading at $1.17 at 12:27 pm ET.
