Xtra-Gold Commences 4,000 Line-Kilometer Helicopter-Borne VTEM Survey in Ghana, West Africa
21 12월 2010 - 10:00PM
Marketwired
Xtra-Gold Resources Corp. ("Xtra-Gold" or the "Company") (TSX:
XTG)(TSX: XTG.S)(OTCBB: XTGR), is pleased to announce that Canadian
based Geotech Airborne Limited ("Geotech"), has commenced an
integrated helicopter-borne geophysical survey covering the Kibi
Gold Project mining lease and its four (4) surrounding exploration
concessions at the northern extremity of the Kibi Greenstone Belt
in Ghana, West Africa. The airborne Versatile Time-Domain
Electromagnetic (VTEM), magnetic, and radiometric survey will
encompass approximately 4,000 line-kilometers at 200 m line
spacing, with approximately 490 line-kilometers of detail 100 m
line spacing coverage over the core Kibi Gold Project mining lease
area.
The VTEM system is renowned for its superior penetration depth
of greater than 400 meters, low base frequency for enhanced
penetration in conductive ground cover, and high spatial resolution
which permits the spotting of drill targets directly off the
airborne anomalies. The primary purpose of the VTEM survey will be
to delineate auriferous graphitic or sulphidic shears but
resistivity-depth data may also help further define and/or identify
the granitoid bodies hosting the Kibi Gold Project mineralization.
In addition to helping map lithological contacts, including the
gold prospective granitoid bodies, the aeromagnetic survey will
permit the detection of low-magnetic domains possibly reflecting
demagnetization resulting from intense gold-related hydrothermal
alteration. The radiometric survey may also help further define
and/or identify the gold-hosting granitoid bodies.
The Company is also awaiting assay results on 24 diamond drill
holes from a recently completed 5,000-meter drill program.
Xtra-Gold's current 5,000 meter diamond drilling exploration
program has been suspended for the year-end break and will
recommence in January 2011.
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 focused 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.
The TSX does not accept responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
Contacts: Xtra-Gold Resources Corp. Paul Zyla Chief Executive
Officer 416-366-4227 pzyla@xtragold.com www.xtragold.com
Xtra Gold Resources (TSX:XTG)
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