Malibu, CA, Mar 10, 2025 AEST (ABN Newswire) - Join Ellis Martin now for a conversation with James Longshore, the Co-Founder and CEO of Xtra-Gold Resources Corp. (
TSE:XTG) (XTGRF:OTCMKTS).
Xtra-Gold Further Delineates Kibi Gold Project Resource Expansion Targets; Demonstrates Potential Resource Growth from Two New Under-Tested Gold Mineralization Settings
Xtra-Gold Resources is pleased to announce positive assay results for the initial 49 diamond core drillholes totalling 10,682 m from its current resource expansion target generation drilling program on the Company's wholly-owned Kibi Gold Project, located in the Kibi - Winneba greenstone belt (the "Kibi Gold Belt"), in Ghana, West Africa. The current drilling forms part of an aggressive in-house drilling initiative targeting multiple resource-growth opportunities across the broader Zones 1 - 4 Mineral Resource estimate footprint area (the "2024 MRE", see the Company's news release of October 16, 2024). With the multifaceted drilling program targeting promising early-stage gold prospects identified by previous scout drilling, potential extensions to existing resource bodies and prospective litho-structural gold settings generated by updated 3D geological modeling.
Xtra Gold has a dominant land position in the highly prospective Kibi Greenstone Belt which represents the last greenstone belt to be drilled and developed in Ghana. The Company holds the mineral rights to 5 concessions totaling 226 square kilometers (55,095 acres) within the Kibi Gold Belt, a Birimian greenstone belt geologically analogous to the neighboring Ashanti Gold Belt with 140 million ounces of proven gold reserves discovered to date. The company has made a gold discovery on its southern most property - the Apapam Concession Xtra-Gold is conducting an extensive drill program with the goal of significantly increasing the mineral resource. The company has a strong treasury with $13 million plus in cash and liquid assets, with zero debt and has a contracted alluvial mining project with locals, that generates the majority of the funds for exploration activities. Mr. Longshore has been with Xtra Gold since 2009 overseeing the mining project and exploration activities of the Company. James has more than 25+ years' business investment experience in resource companies.
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About Xtra-Gold Resources Corp.
Xtra-Gold Resources Corp. (TSE:XTG) (OTCMKTS:XTGRF) is a gold exploration company with a substantial land position in the Kibi Gold Belt. 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 5 Mining Leases totaling approximately 226 sq km (22,600 ha) at the northern extremity of the Kibi Gold Belt.
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