Xtra-Gold Update on Kibi Gold Project Resource Expansion Drilling
Xtra-Gold Update on Kibi Gold Project
Resource Expansion Drilling
Toronto, Ontario--(Newsfile Corp. - July 22, 2025) -
Xtra-Gold Resources Corp. (TSX: XTG)
(OTCQB: XTGRF)
("Xtra-Gold" or the "Company")
is pleased to announce that our exploration team
has completed an additional 22 diamond core drill holes totaling 5,181 meters at our Orange No. 5
resource expansion target located in Zone 4, approximately 2 km along trend to the southwest of the
currently defined Mineral Resource Estimate ("MRE") footprint. The Kibi Gold Project MRE, with an
effective date of September 30
th
, 2024, currently stands at 1,058,200 oz of gold in the Indicated
category (27,532,000 tonnes grading 1.20 g/t gold) and an additional 180,700 oz of gold in the Inferred
category (5,694,000 tonnes grading 0.99 g/t gold), at a 0.5 g/t gold cut- off.
The Company is awaiting the
remaining assay results from the laboratory for the drill program's last holes, with final assay results
expected within the next 3 weeks.
On February 26
th
, 2025, Xtra-Gold reported assay results for the initial 6 hole (778 m) follow up drill
program on the Orange No. 5 resource expansion target, including the following highlights:
13.0 m at 1.46 grams per tonne gold ("g/t Au"), including 4.0 m at 3.40 g/t Au, from 34 m; and 10.0
m at 1.05 g/t Au, including 4.0 m at 1.81 g/t Au, from 60 m in KBDD24597
29.5 m at 0.73 g/t Au, including 4.5 m at 1.81 g/t Au, from 0.0 m in KBDD24593
13.5 m at 0.65 g/t Au, including 1.5 m at 2.08 g/t Au, from 1.0 m in KBDD24591
9.0 m at 0.41 g/t Au from 22 m; 15.0 m at 0.40 g/t Au from 68 m; 8.0 m at 0.48 g/t Au from 104 m;
and 35.0 m at 0.30 g/t Au from 137 m in KBDD24599
James Longshore, CEO/Co-Founder states: "We eagerly await the remaining assay results for this
second phase drilling at Orange No. 5. Upon receipt of final assays, our exploration team will
immediately commence to develop a preliminary geological model for this emerging resource expansion
target. Drilling efforts to date indicate that similarly to the Boomerang MRE body, the Orange No. 5
target consists of a stacked, multi-shoot gold mineralization system, which bodes well for potential
significant resource growth at our Kibi Gold Project."
Click on link below to view geological compilation map depicting location of Orange No. 5 resource
expansion target relative to the MRE footprint:
(Figure 1_Zones 1 - 4 Geological Compilation_June 2025)
About Xtra-Gold Resources Corp.
Xtra-Gold is a Ghana-focused gold exploration company with a substantial land position totaling 226
km
2
in the Kibi Gold Belt. The Kibi Gold Belt is geologically analogous to the neighboring, world famous
Ashanti Gold Belt, which is one of the most highly endowed gold belts in the world with estimated global
gold resources totaling over 130 million ounces. Our company is the best positioned explorer to make
the next major gold discovery in Ghana.
Qualified Person
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.
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 Information
For further information please contact:
James Longshore
Chief Executive Officer
Tel.: 242-363-3864
E-mail:
Website:
www.xtragold.com
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