Xtra-Gold Resources Corp. ("Xtra-Gold" or the
"Company") (TSX:XTG) (OTCBB:XTGRF)
, is
very pleased to announce additional trench and channel sampling
results from the Zone 5 Gold Corridor, as well as initial
ground-proofing results of high priority gold targets recently
defined by the Induced Polarization / Resistivity survey ("IP
Survey"), on the Company's wholly-owned Kibi Gold Project, located
in the Kibi – Winneba greenstone belt (the "Kibi Gold Belt"), in
Ghana, West Africa. Highlights of the trench / channel sampling and
IP target prospecting reported today include:
- 6 m grading 5.96 grams per tonne ("g/t") gold, including 13.00
g/t gold over 2.5 m, in trench #CCRS003; and 3 m grading 6.39 g/t
gold and 6.8 m grading 3.12 g/t gold, including 5.33 g/t gold over
2.2 m, from parallel shear structures in saw-cut channel sample
strings #KBCS080-35 and #KBCS080-33 respectively (Main Shear
-L7600N Gold Shoot);
- 2.4 m grading 6.25 g/t gold and 1.1 m grading 14.05 g/t gold in
trench channel strings #CCRS005-A and #CCRS005-B; and 3.8 m grading
6.84 g/t gold, including 11.05 g/t gold over 0.9 m, in saw-cut
channel string #KBCS077-11 (Old Pit Shear); 1.3 m grading 9.07 g/t
gold in saw-cut channel string #KBCS082-2 (Roadside Shear); and 3 m
grading 17.96 g/t gold in sample string #KBCS078-5 (L7600W
Shear);
- new bedrock exposure of Main Shear discovered approximately 250
m southwest of the L7600N Gold Shoot during prospecting of the
1,100 m long high resistivity trend spatially associated with the
Main Shear structure; extending the apparent strike length of the
Main Shear gold mineralization to approximately 775 m;
- new iron formation-hosted gold target exhibiting spatial
association with a series of coincident high chargeability (IP) /
weak – moderate resistivity anomalies lying along a regional
structure discovered on the Zone 5 grid;
The present channel sampling results correspond to an ongoing
mechanized outcrop stripping / trenching transect designed to test
the southwestern strike extension of the Main Shear and define the
full width extent of the NE-trending Zone 5 Gold Corridor. In
addition to continued detailed channel sampling of the Main Shear –
L7600N Gold Shoot, today's results include significant channel
sample intercepts for the Old Pit, Roadside, and L7600W shear zones
lying approximately 50 m, 150 m, and 250 m northwest of the Main
Shear structure, respectively.
Table 1: Trench Channel
/ Saw-Cut Channel Grade Composites |
Main Shear – L7600N
Gold Shoot and Old Pit - L7600W – Roadside Shears |
(Zone
5 Gold Corridor) |
Trench / Sample |
From |
To |
Sampled Length |
Gold Grams |
Shear ID / Comments |
String
ID |
(meters) |
(meters) |
(meters) |
Per
Tonne |
|
CCRS003 |
3.5 |
9.5 |
6.0 |
5.96 |
Main – L7600N Shoot |
including |
7.0 |
9.5 |
2.5 |
13.00 |
|
and including |
9.0 |
9.5 |
0.5 |
35.60 |
|
CCRS003-V2 |
0.0 |
1.5 |
1.5 |
3.42 |
Main – L7600N Shoot |
CCRS003-V3 |
0.0 |
1.7 |
1.7 |
1.03 |
Main – L7600N Shoot |
KBCS080-33 |
5.2 |
12.0 |
6.8 |
3.12 |
Main – L7600N Shoot |
including |
6.8 |
9.0 |
2.2 |
5.33 |
|
KBCS080-35 |
0.5 |
3.5 |
3.0 |
6.39 |
Main – L7600N Shoot |
including |
0.5 |
1.0 |
0.5 |
12.35 |
|
KBCS080-44 |
0.0 |
2.0 |
2.0 |
1.09 |
Main – L7600N Shoot |
CCRS005-A |
0.0 |
2.4 |
2.4 |
6.25 |
Old Pit |
including |
1.5 |
2.4 |
0.9 |
10.10 |
|
CCRS005-B |
0.0 |
1.1 |
1.1 |
14.05 |
Old Pit |
KBCS077-6 |
0.0 |
0.9 |
0.9 |
3.12 |
Old Pit |
KBCS077-11 |
0.0 |
3.8 |
3.8 |
6.84 |
Old Pit |
including |
1.4 |
2.3 |
0.9 |
11.05 |
|
KBCS077-12 |
0.0 |
0.8 |
0.8 |
5.70 |
Old Pit |
KBCS077-15 |
0.0 |
5.5 |
5.5 |
2.23 |
Old Pit |
including |
1.0 |
3.0 |
2.0 |
4.03 |
|
KBCS077-16 |
0.0 |
0.7 |
0.7 |
24.80 |
Old Pit |
KBCS077-V2 |
0.0 |
1.8 |
1.8 |
4.49 |
Old Pit; Flat Veins |
including |
0.5 |
1.3 |
0.8 |
6.85 * |
|
KBCS077-V4 |
0.0 |
1.1 |
1.1 |
2.78 |
Old Pit; Flat Veins |
KBCS077-V5 |
0.0 |
0.6 |
0.6 |
40.60 |
Old Pit; Flat Veins |
KBCS077-V6 |
0.0 |
0.8 |
0.8 |
4.21 |
Old Pit; Flat Veins |
KBCS077-V7 |
0.0 |
0.4 |
0.4 |
6.36 |
Old Pit; Flat Veins |
KBCS077-V8 |
0.0 |
0.6 |
0.6 |
10.05 |
Old Pit; Flat Veins |
KBCS078-5 |
2.2 |
5.2 |
3.0 |
17.96 |
L7600W |
including |
2.2 |
3.0 |
0.8 |
54.30 * |
|
KBCS082-2 |
0.0 |
1.3 |
1.3 |
9.07 |
Roadside |
including |
0.0 |
0.6 |
0.6 |
17.80 |
|
KBCS082-3 |
0.0 |
2.0 |
2.0 |
1.84 |
Roadside |
including |
0.0 |
0.6 |
0.6 |
4.07 |
|
KBCS082-4 |
0.0 |
0.7 |
0.7 |
2.20 |
Roadside |
Notes: |
* Previously reported result with subsequent
extension of channel sample string. |
Reported trench intercepts are
trench-lengths; true width of mineralization is unknown at this
time. Due to irregular bedrock surface, the reported saw-cut
channel intercepts are sample intersection lengths irrespective of
mineralization topography and may not represent true width of
mineralization. |
Sample strings with "CCRS"
prefix correspond to trench channel sampling in saprolite (oxide)
material; and sample strings with "KBCS" prefix correspond to
bedrock saw-cut channel sampling. Trench / Channel String ID
with "V" corresponds to vertical or steeply inclined channel
sampling targeting low-angle extensional veining. |
A total of 154 bedrock saw-cut channel samples totaling 109.8 m
and 113 saprolite trench channel samples totaling 116.2 m were
collected from the 4 aforementioned shear zones. In aggregate
these samples form 52 composite channel strings ranging from 0.40 m
to 63 m in length, with individual saw-cut channel and saprolite
channel samples averaging approximately 0.7 m and 1 m in length,
respectively. Of the 267 total channel samples collected: 26 (10%)
yielded less than 0.01 g/t gold; 107 (40%) returned gold values
from 0.01 g/t to 0.1 g/t; 74 (28%) between 0.1 g/t and 1.0 g/t
gold; 18 (6.5%) between 1 g/t and 2 g/t gold; 20 (7.5%) between 2
g/t and 5 g/t gold; 12 (4.5%) between 5 g/t and 10 g/t gold; 7
(2.5%) between 10 g/t and 20 g/t gold; and 3 (1%) samples returned
values over 20 g/t gold (54.3 g/t maximum).
An additional 36 vertical or steeply inclined channel sample
strings (46.1 m) ranging from 0.4 m to 2.4 m in length were
collected on outcrop ledge faces and trench walls to test low-angle
extensional veining. Of the 76 vertical channel samples
collected: 3 (4%) yielded less than 0.01 g/t gold; 33 (43.5%)
returned gold values from 0.01 g/t to 0.1 g/t; 20 (26.25%) between
0.1 g/t and 1.0 g/t gold; 6 (8%) between 1 g/t and 2 g/t gold; 8
(10.5%) between 2 g/t and 5 g/t gold; 4 (5.25%) between 5 g/t and
10 g/t gold; and 2 (2.5%) samples returned values over 10 g/t gold
(40.6 g/t maximum).
Main Shear – L7600N Gold Shoot Sampling
Results
The present Main Shear – L7600N Gold Shoot assay results
correspond to additional saw-cut channel sampling on the
approximately 12.5 m wide by 30 m long bedrock trench exposure
reported in the April 25, 2013 news release; and a new trench
targeting the southwest strike extension of the shear system.
Saw-cut channel string #KBCS080-35 collected within the central
portion of the bedrock trench exposure, centered approximately
2 m southeast of previously reported channel string #KBCS080-28
yielding 5.1 m grading 5.88 g/t gold, returned a mineralized
intercept of 3 m grading 6.39 g/t gold, including 12.35 g/t gold
over 0.5 m. Both channel strings targeted a sinuous, pinch
and swell shear zone containing irregular steeply dipping veins,
stringers, and lenses of quartz plus/minus iron carbonate and
tourmaline. Channel string #KBCS080-33 returned a mineralized
intercept of 6.8 m grading 3.12 g/t gold, including 5.33 g/t gold
over 2.2 m, from a parallel quartz-tourmaline bearing structure
located approximately 10 m southeast of the #KBCS080-28 /
#KBCS080-35 intercepts.
Trench #CCRS003 returned a saprolite channel sample intercept of
6 m grading 5.96 g/t gold, including 13.00 g/t gold over 2.5 m,
from another apparent parallel shear structure located
approximately 20 m west-southwest of the above #KBCS080-35
intercept. Vertical channel sample strings #CCRS003-V2 and
#CCRS003-V3 targeting low-angle extensional quartz-tourmaline
veining on the northwest flank of the shear zone returned
mineralized intercepts grading 3.42 g/t gold over 1.5 m and 1.03
g/t gold over 1.7 m.
Geological mapping/sampling to date indicates that the L7600N
Gold Shoot corresponds to a minimum 105 m strike length, braided
(anastomosing) structure attaining 25 m in width and encompassing a
series of sinuous, high shear strain branches ranging from
approximately 0.4 m to 7 m in width; bounding relatively less
deformed/altered rock lozenges. The NE-trending, steeply SE
dipping, pinch and swell high strain branches range from silicified
/ carbonatized mylonitic quartz feldspar porphyry
("QFP") containing irregular quartz-iron carbonate-tourmaline
veining / lenses to sericite-iron carbonate-pyrite schist hosting
parallel quartz veining. Arrays of mineralized low-angle
extensional quartz-tourmaline veins are developed across the shear
system.
Old Pit Shear Detailed Channel Sampling
The Old Pit Shear consisting of an approximately 20 m wide,
gold-bearing corridor located approximately 50 m northwest of the
Main Shear-L7600N Gold Shoot was subjected to additional
trenching/outcrop stripping and detailed channel sampling.
The NE-trending structure traced to date over an
approximately 35 m strike distance encompasses two sub-parallel
shear zones lying approximately 7 m apart.
The northwest shear consists of a braided (anastomosing)
structure encompassing two prominent, sinuous, high shear branches
located approximately 2.5 m apart; and containing irregular steeply
dipping veins, stringers, and lenses of quartz plus/minus iron
carbonate and tourmaline. Saprolite channel sample string
#CCRS005-A and saw-cut channel sample string #KBCS077-6 collected
approximately 3 m apart, across the northwestern shear branch
returned mineralized intercepts of 2.4 m grading 6.25 g/t gold,
including 10.10 g/t gold over 0.9 m, and 0.9 m grading 3.12 g/t
gold. Saprolite channel sample string #CCRS005-B and saw-cut
channel sample string #KBCS077-11 collected approximately 2 m
apart, across the southeastern shear branch returned mineralized
intercepts of 1.1 m grading 14.05 g/t gold and 3.8 m grading 6.84
g/t gold, including 11.05 g/t gold over 0.9 m.
Saw-cut channel sample strings #KBCS077-15, #KBCS077-12, and
#KBCS077-16 collected over an approximately 15 m strike distance,
across the southeast shear of the Old Pit structural corridor
returned mineralized intercepts of 5.5 m grading 2.23 g/t gold,
including 4.03 g/t gold over 2 m, 0.8 m grading 5.70 g/t gold and
0.7 m grading 24.80 g/t gold, respectively. An extensive
array of mineralized low-angle extensional quartz-tourmaline veins
is developed across the Old Pit shear corridor. Highlights of
vertical or steeply inclined saw-cut channel sampling targeting
low-angle veining include: 1.8 m grading 4.49 g/t gold, including
6.85 g/t gold over 0.8 m in sample string #KBCS077-V2; 0.6 m
grading 40.60 g/t gold in #KBCS077-V5; 0.8 m grading 4.21 g/t gold
in #KBCS077-V6; and 0.6 m grading 10.05 g/t gold in
#KBCS077-V8.
Initial Roadside Shear Channel Sampling
The Roadside Shear located approximately 150 m northwest of the
Main Shear-L7600N Gold Shoot was tested by first pass channel
sampling to follow-up on prospecting rock grab samples returning
gold values of 11.85 g/t and 17.90 g/t. The approximately 4 m
wide, sinuous shear zone containing irregular veins and lenses of
quartz plus/minus iron carbonate and tourmaline is exposed along a
NE-trending, spine-like outcrop; with the outcrop centered by an
approximately 1 m wide, overburden filled crevice preventing
continuous channel sampling across the width of the structure.
Sample strings #KBCS082-2 and #KBCS082-3 consisting of parallel,
saw-cut channel samples located approximately 1.5 m apart, across
the shear zone's northwestern exposure returned mineralized
intercepts of 1.3 m grading 9.07 g/t gold, including 17.80 g/t gold
over 0.6 m, and 2 m grading 1.84 g/t gold, including 4.07 g/t gold
over 0.6 m, respectively. Channel sample string #KBCS082-4
collected across the southeastern portion of the shear exposure
yielded a mineralized intercept of 0.7 m grading 2.20 g/t gold.
L7600W Shear Follow-Up Channel Sampling
Follow-up channel sampling was conducted on the L7600W Shear
lying along the northwest margin of the Zone 5 Gold Corridor,
approximately 250 m northwest of the Main Shear-L7600N Gold Shoot,
to further define the high grade gold intercept returned by saw-cut
channel sample string #KBCS078-5. The extended #KBCS078-5
sample string encompassing two sinuous high shear strain branches
returned a mineralized intercept of 3 m grading 17.96 g/t gold,
including the previously released intercept of 54.30 g/t gold over
0.8 m. The L7600W auriferous structure consists of a
NE-trending, up to 10 m wide, braided shear zone traced by channel
and grab sampling over an approximately 50 m strike-length along a
series of spine-like outcrops.
Initial IP Target Ground-Proofing Results
Main Shear – SW Extension
A new bedrock exposure of the apparent, southwestern extension
of the Main Shear was discovered approximately 250 m southwest of
the L7600N Gold Shoot during prospecting of the southwestern
segment of the approximately 1,100 m long, NE-trending high
resistivity trend spatially associated with the Main Shear
structure; extending the apparent strike length of the Main Shear
gold mineralization to approximately 775 m.
Seven (7) composite chip samples collected from a series of
spine-like outcrops spanning across an approximately 50 m transect
of the exposed structural zone returned gold values of 0.38 g/t,
0.51 g/t, 0.7 g/t, 1.14 g/t, 1.26 g/t, 1.31 g/t, and 3.91
g/t. The gold mineralization is hosted by sheared, iron
carbonate altered QFP with undulating ribbon quartz-iron
carbonate-tourmaline stringers. Mechanized trenching /
outcrop stripping is planned to further define the extent of this
new mineralization zone on the Main Shear structure.
New Iron Formation – Hosted Gold Target
Prospecting efforts along the geophysically inferred,
NNE-trending (030o) regional fault zone lying within the
southwestern portion of the Zone 5 grid, at the intersection with
the NE-trending (060o) Zone 5 Gold Corridor high resistivity
trends, produced extensive fields of auriferous banded iron
formation floats distributed over an approximately 650 m distance
along the controlling structure. Of the 57 iron formation
samples collected: 6 yielded less than 0.01 g/t gold; 22 returned
gold values from 0.01 g/t to 0.1 g/t; 19 between 0.1 g/t and 0.5
g/t gold; 9 between 0.5 g/t and 1 g/t gold; and 1 sample returned a
maximum value 2.18 g/t gold.
The gold-bearing iron formation floats exhibit a spatial
association with a series of coincident high chargeability (IP) /
weak – moderate resistivity anomalies and patchy to intermittent
anomalous gold-in-soil values in the 50 to 225 parts per billion
("ppb") range. The mineralized hematite (+/- goethite) iron
formation material is characterized by strong patchy to pervasive
silica alteration, pyritization, and quartz stockworks. The
iron formation float which returned 2.18 g/t gold exhibits a
spatial relationship with an apparent dilational jog developed at a
left-stepping bend along the geophysically inferred structure.
Ongoing Zone 5 Work Program
Outcrop stripping / trenching is ongoing to further define the
Zone 5 Gold Corridor; as well as detailed geological mapping and
channel sampling of the auriferous shears identified to date.
Prospecting / reconnaissance geology of the additional gold
targets recently defined by the IP survey is also ongoing and
access road construction is underway to permit mechanized trenching
of newly defined high priority targets.
QA/QC
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. All
samples in this news release were analyzed by standard fire assay
fusion with atomic absorption spectroscopy finish at ALS Ghana
Limited, in Kumasi, Ghana; an ISO 9001:2000 certified laboratory
operated by ALS Chemex. Xtra-Gold has implemented a rigorous
quality assurance / quality control (QA/QC) 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.
About Xtra-Gold Resources Corp.
Xtra-Gold 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.
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. The NI 43-101
Technical Report entitled "Independent Technical Report, Apapam
Concession, Kibi Project, Eastern Region, Ghana", prepared by SEMS
Explorations and dated October 31, 2012, is filed under the
Company's profile on SEDAR at www.sedar.com.
Forward-Looking Statements
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. 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.
CONTACT: For further information please contact:
Paul Zyla, Chief Executive Officer
Telephone: 416 366-4227
E-mail: info@xtragold.com
Website: www.xtragold.com
Xtra Gold Resources (TSX:XTG)
過去 株価チャート
から 11 2024 まで 12 2024
Xtra Gold Resources (TSX:XTG)
過去 株価チャート
から 12 2023 まで 12 2024