- Xtra-Gold (XTG) is releasing initial assay results from its current Zone 3 exploration drilling program
- The Bahamas-based company’s drill program was designed to target resource expansion opportunities
- The program is for the company’s wholly-owned Kibi Gold Project, located in the Kibi – Winneba Greenstone Belt, in Ghana, West Africa
- Results, which are from late July drilling, confirm the potential for resource expansion
- Xtra-Gold is up 1.09 percent, trading at $0.93 at 2:05 p.m. EST
Xtra-Gold (XTG) is releasing initial assay results from its current Zone 3 exploration drilling program.
The program is for the company’s wholly-owned Kibi Gold Project, located in the Kibi – Winneba Greenstone Belt, in Ghana, West Africa.
The Bahamas-based company’s drill program was designed to target resource expansion opportunities along the southwestern segment of the over three-kilometre-long Zone 2 – Zone 3 anticlinal fold structure.
Results, which are from late July drilling, confirm the potential for resource expansion.
“Our ongoing Zone 3 exploration drilling program continues to further delineate multiple mineralization zones along the southwest extension of the Zone 2 – Zone 3 fold structure, spanning over 1,000 m beyond the limits of the currently defined mineral resource. These latest positive drilling results, combined with recent trenching and surface mapping, are transforming our structural understanding of the Zone 3 gold mineralization, as well as further validating our 3D geological modeling. We remain steadfast in our efforts to advance these early-stage gold zones to the resource stage, as well as identifying additional targets in Zone 3, with the goal of driving the next phase of resource growth at the Kibi Gold Project,” said President and CEO James Longshore.
Xtra-Gold is up 1.09 percent, trading at $0.93 at 2:05 p.m. EST.