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.
Recent detailed 3D litho-structural modelling indicates that the Double 19 gold mineralization is emplaced within the inner arc of a tight, steep NE-plunging, isoclinally folded diorite body.
Undercut hole #KBDD21391 returned a mineralized intercept of 15.1 metres grading 1.24 g/t gold, including 2.56 g/t gold over 4.5 metres, from a down-hole depth of 200.0 metres; approximately 65 metres down-dip of the #KBDD21387 gold intercept.
Drill-fan pattern holes #KBDD21379 designed to test the down-dip extension of the NW Limb Zone, approximately 75 metres southwest of the aforementioned #KBDD21387 – #KBDD21391 section, returned mineralized intercepts of 13.2 metres grading 1.24 g/t gold and 19.0 metres grading 1.02 g/t gold from down-hole depths of 112.8 metres and 94.0 metres respectively; with the #KBDD21381 intercept located approximately 22 metres up-dip of the #KBDD21379 intercept.
At the recently identified Lone Tree shear structure located along the southeast flank of the Gatehouse Zone, hole #KBDD21380 consisting of an infill borehole designed to further define the geometry / attitude of the auriferous structure along the initial #KBDD20372 – #374 – #376 scout drill fence, returned a mineralized intercept of 16.6 metres grading 0.96 g/t gold, including 3.47 g/t gold over 3.0 metres, from a down-hole depth of 41 metres.
Geo, Vice President, Exploration for Xtra-Gold is acting as the Qualified Person in compliance with National Instrument 43-101 program to ensure best practices in sampling and analysis of drill core, trench channel, and saw-cut channel samples, the details of which can be viewed on the Company’s website at www.xtragold.com.
Xtra-Gold is a gold exploration company with a substantial land position in the Kibi Gold Belt.
Xtra-Gold holds 5 Mining Leases totaling approximately 226 sq km maiden mineral resource estimate produced by Xtra-Gold in October 2012 represents first ever mineral resource generated on a lode gold project within the Kibi Gold Belt.
Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release.
Unless otherwise indicated, all resource and reserve estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and the Canadian Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and Mineral Reserves.