Xtra-Gold Definition Drilling Continues to Intersect Robust Gold Grades at Boomerang, Including 2.13 g/t Gold over 10.0 Metres in Upper Shoots, 2.19 g/t Gold over 18.0 Metres in Main Lower Shoot, and 1.50 g/t Gold over 17.0 Metres in Footwall Shoot
Xtra-Gold Definition Drilling Continues to
Intersect Robust Gold Grades at Boomerang,
Including 2.13 g/t Gold over 10.0 Metres in
Upper Shoots, 2.19 g/t Gold over 18.0 Metres
in Main Lower Shoot, and 1.50 g/t Gold over
17.0 Metres in Footwall Shoot
Toronto, Ontario--(Newsfile Corp. - June 11, 2024) -
Xtra-Gold Resources Corp. (TSX: XTG)
(OTCQB: XTGRF) ("Xtra-Gold" or the "Company")
, is pleased to announce further positive assay
results for an additional 17 diamond core boreholes totalling 5,469.5 metres ("m") from its current
exploration 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. Today's drilling results include 13
drill holes (4,666.5 m) dedicated to the further definition / expansion of the Boomerang gold system and
4 scout drill holes (803 m) targeting prospective litho-structural settings generated by recently completed
3D VTEM / TMI inversion-modelling. The current drilling forms part of an aggressive in-house drilling
initiative focussing on multiple resource expansion targets occupying the south-western (Zone 3) portion
of the mineralization-hosting 1
st
-order F2 synclinorium fold structure; over 1 km beyond the limits of the
currently defined Mineral Resource Estimate (the "2021 MRE", see the Company's news release of
November 1, 2021).
Present drilling efforts successfully: continued to delineate the extent of the stacked Upper Shoots gold
mineralization package across an approximately 75 m - 150 m cross-plunge distance; further defined
the robust down-plunge continuity of the main Lower Shoot and Footwall Shoot gold mineralization; and
identified a new "blind" prospective diorite body within the core of the mineralization-controlling
synclinorium fold structure, to the north of the Boomerang gold system.
Assay results reported are provided in Table 1 below and include the following highlights:
Definition Drilling (Boomerang - "Upper Shoots" Mineralization Package)
10.0 m at 2.13 grams per tonne gold ("g/t Au"), including 3.0 m at 4.31 g/t Au, from 200 m; and 5.0
m at 1.49 g/t Au from 248 m in KBDD24554
10.0 m at 0.81 g/t Au, including 4.5 m at 1.37 g/t Au, from 26 m; and 22.0 m at 1.17 g/t Au,
including 2.0 m at 6.54 g/t Au, from 67 m in KBDD24546
3.0 m at 6.39 g/t Au from 227 m in KBDD24548
3.0 m at 3.21 g/t Au from 14.5 m in KBDD23543
8.0 m at 1.22 g/t Au, including 1.5 m at 4.89 g/t Au, from 239 m in KBDD24551
Definition Drilling (Boomerang - Main "Lower Shoot" & Footwall Shoot)
6.0 m at 2.92 g/t Au from 302 m; and 18.0 m at 2.19 g/t Au, including 9.0 m at 3.02 g/t Au, from
331 m in KBDD24545 (Lower Shoot)
31.0 m at 0.62 g/t Au, including 10.0 m at 1.02 g/t Au and 6.0 m at 1.03 g/t Au, from 361 m in
KBDD24554 (Lower Shoot)
17.0 m at 1.50 g/t Au, including 4.0 m at 3.76 g/t Au, from 412 m in KBDD24548; and 14.0 m at
0.80 g/t Au, including 6.0 m at 1.15 g/t Au, from 236 m in KBDD23543 (Footwall Shoot)
Expansion Drilling (Boomerang - Lower Shoot & SW Shoots)
18.0 m at 0.95 g/t Au, including 6.0 m at 1.42 g/t Au, from 316 m in KBDD23542 (Lower Shoot)
6.0 m at 2.97 g/t Au, including 3.0 m at 5.41 g/t Au, from 116 m in KBDD24552 (SW Shoots)
James Longshore, President and CEO remarked: "Our current definition drilling-focused campaign
continues to return positive results.
In addition to further delineating the robust down-plunge continuity of
the main Lower Shoot and Footwall Shoot gold mineralization, the drilling continues to define the
geometry and extent of the Upper Shoots mineralization package. The latest results returned multiple
significant gold intercepts from the Upper Shoots target, with this overlying, stacked, multi-shoot
mineralization package potentially contributing to a stripping ratio reduction in a future open pit mining
scenario. We are also very pleased with the results of our ongoing scout drilling initiative, with the
identification of a new prospective diorite body to the north of the Boomerang gold system validating our
3D litho-structural modelling efforts. We remain confident that further new gold discoveries will be made
with continued scout drilling targeting modelled second-order fold structures within the northern footprint
area of the mineralization-controlling 1
st
-order F2 synclinorium fold structure."
Today's Kibi Gold Project drill results correspond to the latest 17 drill holes (5,469.5 m) of an ongoing
exploration initiative targeting multiple resource expansion opportunities within the south-western (Zone
3) portion of the gold mineralization-hosting 1
st
-order F2 synclinorium fold structure, including: 8
definition drill holes (3,079 m) collared along two SW-trending drill fences, designed to further test the
down-plunge continuity of the stacked, NE-plunging, Boomerang gold system mineralization shoots
between existing NW-SE drill-sections; 5 expansion drill holes (1,587.5 m) targeting the south-western
strike-extension and south-eastern lateral continuity of the Boomerang gold system; and 4 scout drill
holes (803 m) to further define the litho-structural setting of recently 3D VTEM / TMI inversion-modelling
generated targets.
The present 17 diamond core boreholes were completed by the Company's in-house drilling crews from
early December 2023 to mid-April 2024, including: 16 new holes (KBDD23541 - KBDD24555, including
KBDD23543A) and one hole-extension (KBDD12228). With hole KBDD12228 re-entered / extended by
76.0 m, to a final depth of 414.5 m, to follow up on the deep, high-grade intercept recently yielded by
KBDD23536 (see the Company's news release of December 20, 2023). Drill results for a total of 149
holes (32,438 m) have been reported to date for the ongoing Zone 3 resource expansion drill program
initiated following the database close-out date for the current 2021 MRE.
Exploration significant auriferous drill intercepts are presented in Table 1 below, with a drill plan (Figure
1) and collar / drill hole details (Table 2), available at:
(Figure 1_Zone 3 Drill Plan_June 2024)
(Table 2_Drill Collar Info_June 2024)
Table 1: Significant Drill Intercepts
Boomerang Resource Expansion Target & Zone 3 Scout Drilling
Kibi Gold Project / December 2023 - April 2024
Hole ID
From
(metres)
To
(metres)
Core
Length
(metres)
Gold
Grams
Per Tonne
Zone ID / Target
KBDD12228
(1)
No Significant Intercept
Boomerang - Deep
KBDD23541
176.0
180.0
4.0
1.31
Boomerang - Upper Shoots System
and
301.0
318.0
17.0
0.33
Boomerang - Lower Shoot
including
302.0
303.0
1.0
1.56
and
331.0
355.0
24.0
0.54
Boomerang - Lower Shoot
including
334.0
337.0
3.0
1.25
KBDD23542
186.0
194.0
8.0
0.80
Boomerang - Upper Shoots System
and
231.0
243.0
12.0
0.27
Boomerang - Upper Shoots System
and
316.0
334.0
18.0
0.95
Boomerang - Lower Shoot
including
317.0
323.0
6.0
1.42
KBDD23543A
13.0
16.0
3.0
1.98
Boomerang - Upper Shoots System
and
76.0
83.0
7.0
0.65
Boomerang - Upper Shoots System
including
77.0
79.0
2.0
1.36
KBDD23543
14.5
17.5
3.0
3.21
Boomerang - Upper Shoots System
and
78.0
82.0
4.0
1.71
Boomerang - Upper Shoots System
including
81.0
82.0
1.0
4.78
and
93.0
95.0
2.0
1.59
Boomerang - Upper Shoots System
and
128.0
130.0
2.0
1.72
Boomerang - Upper Shoots System
and
205.0
209.0
4.0
0.64
Boomerang - Lower Shoot
and
236.0
250.0
14.0
0.80
Boomerang - Footwall Shoot
including
237.0
243.0
6.0
1.15
and incl.
242.0
243.0
1.0
2.86
and
348.0
355.0
7.0
1.29
Boomerang - New Mineralization
including
352.0
353.0
1.0
3.96
KBDD24544
No Significant Intercept
Double 19 - SW Target
KBDD24545
302.0
308.0
6.0
2.92
Boomerang - Lower Shoot
including
303.0
305.0
2.0
4.74
and
331.0
349.0
18.0
2.19
Boomerang - Lower Shoot
including
336.0
345.0
9.0
3.02
and
366.0
371.0
5.0
0.97
Boomerang - Footwall Shoot
KBDD24546
26.0
36.0
10.0
0.81
Boomerang - Upper Shoots System
including
27.5
32.0
4.5
1.37
and
67.0
89.0
22.0
1.17
Boomerang - Upper Shoots System
including
83.0
85.0
2.0
6.54
and
162.0
180.5
18.5
0.26
Boomerang - Footwall Shoot
and
190.0
201.0
11.0
0.28
Boomerang - Footwall Shoot
and
290.0
292.0
2.0
5.38
Boomerang - New Mineralization
KBDD24547
No Significant Intercept
New Diorite Body
KBDD24548
34.0
40.0
6.0
0.49
Boomerang - Upper Shoots System
and
227.0
230.0
3.0
6.39
Boomerang - Upper Shoots System
and
243.0
245.0
2.0
1.32
Boomerang - Upper Shoots System
and
351.5
354.5
3.0
1.74
Boomerang - Lower Shoot
and
364.0
369.0
5.0
2.20
Boomerang - Lower Shoot
including
365.0
366.0
1.0
3.99
and
412.0
429.0
17.0
1.50
Boomerang - Footwall Shoot
including
413.0
417.0
4.0
3.76
KBDD24549
62.5
82.7
20.2
0.33
Boomerang - SW Shoots
including
81.3
82.7
1.4
1.67
and
104.0
108.0
4.0
1.09
Boomerang - SW Shoots
and
151.0
154.0
3.0
1.94
Boomerang - SW Shoots
and
211.0
222.5
11.5
0.60
Boomerang - SW Shoots
including
213.0
214.0
1.0
3.94
KBDD24550
No Significant Intercept
New Diorite Body
KBDD24551
239.0
247.0
8.0
1.22
Boomerang - Upper Shoots System
including
239.0
240.5
1.5
4.89
and
261.0
264.0
3.0
1.16
Boomerang - Upper Shoots System
including
263.0
264.0
1.0
2.81
KBDD24552
79.0
82.0
3.0
1.50
Boomerang - SW Shoots
and
116.0
122.0
6.0
2.97
Boomerang - SW Shoots
including
116.0
119.0
3.0
5.41
KBDD24553
16.5
18.0
1.5
3.33
Double 19 - SW Target
KBDD24554
200.0
210.0
10.0
2.13
Boomerang - Upper Shoots System
including
201.0
204.0
3.0
4.31
and
248.0
253.0
5.0
1.49
Boomerang - Upper Shoots System
including
249.0
250.0
1.0
2.94
and
361.0
392.0
31.0
0.62
Boomerang - Lower Shoot
including
361.0
371.0
10.0
1.02
including
403.0
409.0
6.0
1.03
KBDD24555
89.0
98.0
9.0
0.52
Boomerang - SW Shoots
including
96.5
98.0
1.5
1.68
and
195.5
209.0
13.5
0.67
Boomerang - SW Shoots
including
207.5
209.0
1.5
2.95
(1)
Hole #KBDD12228 originally drilled to a depth of 173.0 m in 2012; extended by 165.5 m to a depth of 338.5 m in December 2022; and re-entered
/ extended by 76.0 m to a final depth of 414.5 m in January 2024. See Company's news releases of August 21, 2012, and December 21, 2022, for
significant drill intercepts in upper (previously drilled) section of drill hole.
Notes:
Reported intercepts are core-lengths; true width of mineralization is unknown at this time.
"Significant" intercepts meet following criteria: minimum metal factor (grade x length) of 2.5; with minimum 0.25 g/t gold average grade over interval.
Intercepts also constrained with a 0.25 g/t gold minimum cut-off grade at top and bottom of intercept, with no upper cut-off applied, and maximum of
five (5) consecutive samples of internal dilution (<0.25 g/t gold). All internal intervals above 15 g/t gold indicated.
Recently completed 3D VTEM / TMI inversion models-based litho-structural modelling work, conducted
by Tect Geological Consulting of South Africa, indicates that the gold mineralization within the Zone 2 -
Zone 3 MRE footprint area occupies a licence-scale, 1
st
-order F2 synclinorium fold structure. Deposits
are characterized by tensional arrays of auriferous quartz-carbonate veins typically hosted within or
spatially associated with F1 or F2 folded / strained diorite units, and/or metasedimentary rock - diorite
contacts, with the diorite bodies having an interpreted Belt-type granitoid affinity.
Over 20 significant gold
occurrences hosted by Belt (Dixcove)- and Basin (Cape Coast)-type granitoids are known in Ghana,
with a number constituting significant deposits.
These deposits represent a relatively new style of gold
mineralization for orogenic gold deposits within the West African Birimian terrain.
Belt-type intrusion-
hosted gold deposits include Newmont Mining's Subika deposit at their Ahafo mine and Asante Gold's
Chirano deposit (formerly Kinross Mining) within the Sefwi gold belt, as well as the former Golden Star
Resources' Hwini-Butre deposit at the southern extremity of the Ashanti gold belt.
Today's drilling results encompass 8 SW-trending definition drill holes, including: 2 additional holes at
the northeast extremity of the existing SW Drill Fence 1 (KBDD24545 / 548); and 6 holes on the SW Drill
Fence 2, a newly initiated (one previous hole), parallel drill fence located approximately 120 m to the
southeast (KBDD23541 / 543 / 543A & KBDD24546 / 551 / 554). These SW-tending drill fences were
designed to dissect the NE-plunging, stacked, multi-shoot Boomerang gold system with the aim of
further defining the geometry / down-plunge continuity of the mineralization shoots at the approximate
mid-point between the existing NW-SE drill sections. With the expanded SW Drill Fence 1 (11 holes)
now testing the NE-plunging gold system over approximately 715 m strike and 525 m down-plunge
distances, respectively. See the Company's news releases of September 8, 2023, and December 20,
2023, for the assay results for the remaining 12 holes along the respective drill fences.
Boreholes KBDD24545 and KBDD25548, in addition to further testing the down-plunge geometry /
continuity of the stacked Upper Shoots, main Lower Shoot, and Footwall Shoot gold mineralization, were
also designed to follow up on the deep, high-grade intercept recently yielded by hole KBDD23536.
With
these two definition drill holes (-55
o
& -65
o
), collared from the same position at the northeast extremity of
the SW Drill Fence 1, returning the following mineralized intercepts from the main Lower Shoot: 6.0 m
grading 2.92 g/t Au and 18.0 m grading 2.19 g/t Au, including 9.0 m at 3.02 g/t Au, from down-hole
depths of 302.0 m and 331.0 m respectively in KBDD24545; and 3.0 m grading 1.74 g/t Au and 5.0 m
grading 2.20 g/t Au from down-hole depths of 351.5 m and 364.0 m respectively in KBDD24548 (~70 m
down-plunge of the KBDD24545 intercept). Drill intercepts from the Footwall Shoot returned from these
two boreholes, include: 5.0 m grading 0.97 g/t Au from a down-hole depth of 366.0 m in KBDD24545;
and 17.0 m grading 1.50 g/t Au, including 4.0 m at 3.76 g/t Au, from a down-hole depth of 412.0 m in
KBDD24548 (~80 m down-plunge of the KBDD24545 intercept). KBDD24548 also returned a selected
intercept from the Upper Shoots mineralization zone of 3.0 m grading 6.39 g/t Au from a down-hole
depth of 227.0 m. These two boreholes, in addition to the KBDD11228 hole-extension, failed to yield any
significant gold intercepts down-plunge (~30 m - 100 m) of the previously reported high-grade intercept
grading 9.29 g/t Au over 9.0 m, including 4.5 m at 16.94 g/t Au, and including 0.8 m at 81.59 g/t Au, from
a down-hole depth of 400.0 m in hole KBDD23536 (see the Company's news release of December 20,
2023).
The 7-hole (-50
o
to -65
o
) SW Drill Fence 2, including previously reported hole KBDD23539, in addition
to the present KBDD23541 / 543 / 543A and KBDD24546 / 551 / 554 boreholes, tested the south-
eastern, down-dip margin of the NE-plunging Boomerang gold system over approximately 475 m strike
and 225 m down-plunge distances, respectively. All present holes (6) yielded multiple (2 - 7) exploration
significant mineralized intercepts corresponding to the Upper Shoots, Lower Shoot, and Footwall Shoot,
and including the discovery of a new gold mineralization zone at depth below the Footwall Shoot. Hole
KBDD24546, collared at the southwest extremity of the drill fence, returned the following mineralized
intercepts: 10.0 m grading 0.81 g/t Au and 22.0 m grading 1.17 g/t Au, including 2.0 m at 6.54 g/t Au,
from down-hole depths of 26.0 m and 67.0 m respectively (Upper Shoots); 18.5 m grading 0.26 g/t Au
and 11.0 m grading 0.28 g/t Au from down-hole depths of 162.0 m and 190.0 m respectively (Footwall
Shoot); and 2.0 m grading 5.38 g/t Au from a down-hole depth of 290.0 m (New Mineralization). A
mineralized intercept grading 1.29 g/t Au over 7.0 m, including 1.0 m at 3.96 g/t Au, from a down-hole
depth of 352.0 m in KBDD23543, appears to correspond to the down-plunge (~30m) extension of the
lower (new) mineralization zone in KBDD24546. Hole KBDD24554, collared at the northeast extremity
of the SW Drill Fence 2, returned the following mineralized intercepts: 10.0 m grading 2.13 g/t Au,
including 3.0 m at 4.31 g/t Au, and 5.0 m grading 1.49 g/t Au from down-hole depths of 200.0 m and
248.0 m respectively (Upper Shoots); and 31.0 m grading 0.62 g/t Au, including 10.0 m at 1.02 g/t Au
and 6.0 m at 1.03 g/t Au, from a down-hole depth of 361.0 m (Lower Shoot).
Updated 3D litho-structural modelling appears to indicate that the Boomerang resource expansion
target, consisting of a multi-shoot gold system extending over approximately 650 m strike and 750 m
down-plunge distances respectively, occupies a F2 meso-scale (parasitic) fold hinge structure
developed on the north-western limb of the mineralization-controlling 1
st
-order F2 synclinorium fold. With
the mineralization occurring as a NE-plunging system of stacked, flat-lying to concave-shaped, shallow
SE-dipping gold shoots hosted within folded / strained diorite bodies and/or associated
metasedimentary rock - diorite contacts.
Drilling to date has outlined three (4) principal gold shoots,
including the Upper Shoot (s), the Lower Shoot, the Footwall Shoot and the SW Shoot (formerly
Boomerang West), across an approximately 370 m cross-plunge distance. The Lower Shoot, presently
the most prominent mineralization shoot of the Boomerang gold system, has so far been delineated from
practically surface to a down-plunge depth of approximately 500 m along the fold hinge structure
(approximately 345 m vertical depth from surface), and across an approximately 200 m NW-SE lateral
distance.
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 the ISO 17025:2005
accredited Intertek Minerals Limited's laboratory in Tarkwa, Ghana. 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 Gold Project
located on the Apapam Concession (33.65 sq km), along the eastern flank of the Kibi Gold Belt. The
Kibi Gold Project (Zones 1-3) Mineral Resource Estimate, produced by Xtra-Gold on September 30,
2021, represents the only Mineral Resource ever generated on a lode gold project within the Kibi Gold
Belt. The NI 43-101 Technical Report entitled "Xtra-Gold Resources Corporation Kibi Gold Project",
jointly prepared by Pivot Mining Consultants (Pty) and Tect Geological Consulting, and dated November
16, 2021, 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.
Cautionary Note to United States Investors
This news release has been prepared in accordance with the requirements of the securities laws in
effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated,
all resource and reserve estimates included in this news release have been prepared in accordance with
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian
Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and
Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which
establishes standards for all public disclosure an issuer makes of scientific and technical information
concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the
requirements of the SEC, and mineral resource and reserve information contained herein may not be
comparable to similar information disclosed by U.S. companies. In particular, and without limiting the
generality of the foregoing, the term "resource" does not equate to the term "reserves". Under U.S.
standards, mineralization may not be classified as a "reserve" unless the determination has been made
that the mineralization could be economically and legally produced or extracted at the time the reserve
determination is made. The SEC's disclosure standards normally do not permit the inclusion of
information concerning "measured mineral resources", "indicated mineral resources" or "inferred
mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not
constitute "reserves" by U.S. standards in documents filed with the SEC. Investors are cautioned not to
assume that any part or all of mineral deposits in these categories will ever be converted into reserves.
U.S. investors should also understand that "inferred mineral resources" have a great amount of
uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot
be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher
category. Under Canadian rules, estimated "inferred mineral resources" may not form the basis of
feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or
any part of an "inferred mineral resource" exists or is economically or legally mineable. Disclosure of
"contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does not constitute "reserves" by SEC
standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-
101 for identification of "reserves" are also not the same as those of the SEC, and reserves reported by
the Company in compliance with NI 43-101 may not qualify as "reserves" under SEC standards.
Accordingly, information concerning mineral deposits set forth herein may not be comparable with
information made public by companies that report in accordance with U.S. standards.
Contact Information
For further information please contact:
James Longshore
Chief Executive Officer
242-363-3864
E-mail:
Website:
www.xtragold.com
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