West Africa Drilling Highlights Include Granitoid-Hosted Gold Mineralization Intercepts of 27.0 Metres Grading 4.03 Grams Per To
07 12월 2010 - 9:52PM
Marketwired Canada
Xtra-Gold Resources Corp. ("Xtra" or the "Company")
(TSX:XTG)(TSX:XTG.S)(OTCBB:XTGR), is pleased to announce gold assay results for
six diamond drill holes, totaling 737 m, from the recently completed Zone 2
drill program at its wholly-owned Kibi Gold Project, located in the Kibi
Greenstone Belt ("Kibi Gold Belt"), in Ghana, West Africa.
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Kibi Gold Project - Zone 2 - Significant Drill Intercepts
(Phase III Diamond Drilling Program)
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Gold Gold Cut
(g/t) Grade
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Core cut to 30 Target
Hole ID From (m) To (m) Length (m) uncut g/t (i) Granitoid
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Central
KBDD10069 46.0 73.0 27.0 4.03 3.45 Granitoid
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including 61.0 62.0 1.0 45.50 30.00
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Central
KBDD10070 40.47 67.60 27.13 2.12 Granitoid
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including 52.40 59.33 6.93 4.01
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Central
KBDD10071 22.5 29.0 6.5 3.99 Granitoid
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No Significant Intersection Central
KBDD10072 Granitoid
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No Significant Intersection Central
KBDD10073 Granitoid
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KBDD10081 30.0 39.0 9.0 3.60 Upper Central
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Notes:
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Reported intercepts are core - lengths; true width of mineralization is
unknown at this time.
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(i) Only intercepts with assays cut to 30 g/t gold are shown.
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Intercepts constrained with a 0.25 g/t gold minimum cut-off grade at top and
bottom of intercept, with arbitrarily set 30 g/t gold upper cut-off grade
applied, and maximum of five (5) consecutive metres of internal dilution
(less than 0.25 g/t gold). All internal intervals above 15 g/t gold
indicated.
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The Phase III drill program was completed on October 10, 2010 and encompassed 30
diamond core holes, ranging from 48 metres to 323 metres in length, and totaling
5,049 linear-metres. Significant gold intercepts for the present six holes,
including #KBDD10069 through #KBDD10073 and #KBDD10081, are tabled above. The
core samples from the remaining 24 holes (4,312 m) have been submitted to the
laboratory and drill results will be released as assays are received and
compiled over the next several weeks. In addition, a total of 1,450
linear-metres of mechanized trenching, including 24 trenches and 17 bank cuts,
was conducted on Zone 2 in conjunction with the drilling program to better
define the surface trace of the host granitoid bodies, to test strike extensions
of known mineralization, and to test gold-in-soil anomalies and geophysical
targets. Results from the trench sampling will also be released as they become
available.
Recent geological mapping, trenching, and drilling efforts have delineated four
north-westerly to northerly trending auriferous granitoid bodies within Zone 2
of the Kibi Gold Project. To date, gold mineralization has been traced along
these host granitoids over the following distances:
-- approximately 720 m along the Central Granitoid (formerly Trench TKB004,
TKB014 E-F zones);
-- approximately 210 m along the Upper Central Granitoid (formerly Trench
TKB006 zone);
-- approximately 440 m along the South Ridge Granitoid (formerly Trench
TKB010 zone);
-- approximately 250 m along the East Dyke Granitoid (formerly Trench
TKB005 zone).
Five boreholes, #KBDD10069 through #KBDD10073, targeted the southeastern portion
of the Central Granitoid, and hole #KBDD10081 probed the central portion of the
Upper Central Granitoid, located along the northwest flank of the Central
Granitoid. Holes #KBDD10069, #KBDD10070, and #KBDD10071, consisting of an array
of SW-trending boreholes collared at approximately 50 m centers along the
northeast, hanging wall flank of the Central Granitoid body, were designed to
further test a 2.78 g/t gold over 15.0 m intercept in the SE-trending, scout
diamond drill hole #KBD08015 (see January 8, 2009 Press Release). All three (3)
holes yielded significant mineralized intercepts, including: 27.0 metres grading
4.03 g/t gold in drill hole #KBDD10069; 27.13 metres grading 2.12 g/t gold in
hole #KBDD10070; and 6.5 m grading 3.99 g/t in hole #KBDD10071. Mineralization
in #KBDD10070 appears at this time to be truncated by a post mineralization
mafic dyke. Gold mineralization is associated with
quartz-albite-carbonate-sulphide stockwork veining developed in rock bodies of
quartz diorite, tonalite, and granodiorite compositions.
A new diamond drill campaign commenced on November 16, 2010, and is expected to
run more or less continuously throughout 2011. It will focus on further
delineating gold mineralization identified to date within the four
aforementioned granitoid bodies in Zone 2 of the Kibi Gold Project. The Company
anticipates contracting a second drill rig in the coming months to continue
testing other known granitoid-hosted gold occurrences and geophysical targets
along the Kibi Project gold trend; an over 5.5 km long mineralized trend
delineated from gold-in-soil anomalies, geophysical interpretations, trenching
and drilling along the northwest margin of the Apapam mining lease.
Yves P. Clement, P. Geo, Vice President, Exploration for Xtra-Gold is acting as
the Qualified Person in compliance with National Instrument 43-101 ("NI 43-101")
with respect to this announcement. He has prepared and or supervised the
preparation of the scientific or technical information in this announcement and
confirms compliance with NI 43-101. The NI 43-101 Technical Report entitled
"Kibi Project, Eastern Region, Ghana", prepared by Simon Meadows Smith and Joe
Amanor of SEMS and dated July 12, 2010 is filed under the Company's profile on
SEDAR at www.sedar.com.
The Company has implemented a quality-control program to ensure best practice in
the sampling and analysis of the Drill Core, Reverse Circulation ('RC') samples,
and Trench Channel samples. Drill core is HQ diameter (63.5 mm) in upper
oxidized material (regolith) and NQ2 diameter (50.6 mm) in the lower fresh rock
portion of the hole. Drill core is saw cut and half the core is sampled in
standard intervals. The remaining half of core is stored in a secure location.
Samples are transported in security - sealed bags by ALS Chemex personnel to the
ALS Chemex Laboratory in Kumasi, Ghana. ALS Chemex is an ISO 9001:2000 certified
laboratory. Samples are pulverized in their entirety to better than 85% passing
75 microns, and analyzed by industry standard 50 gram fire assay fusion with
atomic absorption spectroscopy (AAS) finish. For samples returning values
greater than 10 g/t gold, a second pulp is taken and fire assayed with a
gravimetric finish. Intervals with observed visible gold, as well as adjacent
samples, are analyzed by Screen Fire Assay. In addition to quality assurance
controls at the laboratory, certified reference standards (low to high grade),
coarse blanks, and field duplicates are randomly inserted into the sample stream
at a nominal rate of one each for every 20 samples.
About Xtra-Gold Resources Corp.
Xtra-Gold is a gold exploration company with a land position in the Kibi
greenstone belt ('Kibi Gold Belt') located in Ghana, West Africa. The Kibi Gold
Belt, which exhibits many similar geological features to Ghana's main gold belt,
the Ashanti Belt has been the subject of very limited modern exploration
activity targeting lode gold deposits as virtually all past gold mining activity
and exploration efforts focused on the extensive alluvial gold occurrences in
many river valleys throughout the Kibi area.
Xtra-Gold holds five (5) concessions totaling approximately 226 sq km (22,600
ha) at the northern extremity of the Kibi Gold Belt. The Company's exploration
efforts to date have focussed on the Kibi Project located on the Apapam
Concession (33.65 sq km), along the eastern flank of the Kibi Gold Belt.
Xtra-Gold's Kibi Project consists of an over 5.5 km long mineralized trend
delineated from gold-in-soil anomalies, geophysical interpretations, trenching
and drilling along the northwest margin of the Apapam Concession.
Forward-Looking Statements
This News Release includes certain "forward-looking statements". These
statements are based on information currently available to the Company and the
Company provides no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and statements that
describe the Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan". Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. 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. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws.
Xtra Gold Resources (TSX:XTG)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Xtra Gold Resources (TSX:XTG)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
