Xtra-Gold Strikes Gold in Ghana Xtra-Gold expands Boomerang system at Kibi project in Ghana

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Folks, hereโ€™s some sizzling news from mining powerhouse Xtra-Gold Resources. Their drilling efforts in Ghana have struck gold, literally! Theyโ€™ve expanded the Boomerang gold system across 370 meters of cross-plunge and further defined the down-plunge continuity of the main Lower Shoot gold zone, Xtra confirmed.

And get this โ€“ drill hole KBDD23536 in Boomerang Deep hit pay dirt, cutting 9 meters grading 9.29 grams gold per tonne, including 4.5 meters at a whopping 16.94 grams from 400 meters depth. Thatโ€™s what you call striking gold!

Whatโ€™s more? In the Lower Shoot zone, drill hole KBDD23530 returned 56 meters grading 1.4 grams gold, including 20 meters at 2.54 grams gold from 166 meters down the hole. And drill hole KBDD23536 cut 50 meters at 1.28 grams gold, including 22 meters at 1.93 grams gold from 258 meters depth. Impressive, right?

Can you believe it? President and CEO James Longshore was thrilled, and rightfully so. โ€œWe are encouraged by these promising drill results,โ€ he gushed, โ€œnot only continuing to show good down-plunge continuity in mineralization, but also expanding the Boomerang gold system with the discovery of a new high-grade gold zone at depth.โ€ Thatโ€™s what I call striking it rich!

Lower shoot

Now, buckle up because the excitement doesnโ€™t stop there. The drilling results from 12 diamond core boreholes totaling 4,108 meters are part of an aggressive initiative focusing on multiple resource expansion targets in the southwest Zone 3 portion, revealed Longshore. Hold onto your hats, theyโ€™ve extended the Lower Shoot mineralization by about 100 meters further down-dip at the systemโ€™s northeast. Thatโ€™s some solid progress right there!

And just when you thought it couldnโ€™t get any better, drill results for a total of 132 holes for 26,968.5 meters have been reported to date for the ongoing Zone 3 resource expansion drill program. The gold rush is on!

Letโ€™s talk numbers, shall we? The project hosts 13.9 million indicated tonnes grading 1.4 grams gold for 623,700 oz. gold, and it doesnโ€™t stop there! There are 5.6 million inferred tonnes grading 0.96 gram gold for 180,700 oz. gold. Thatโ€™s a whole lot of gold!

And if you havenโ€™t had enough excitement for today, shares in Xtra-Gold Resources closed 5.6% higher on Wednesday in Toronto, valuing the company at C$44 million. Now, thatโ€™s a good dayโ€™s work! Kudos to the team!


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