Resource World Magazine

34 www.resourceworld.com a u g u s t / s e p t e m b e r 2 0 1 6 NEW DiSCOvEriES XTRA-GOLD FINDS NEw GOLD zONES AT COBRA CREEk IN GHANA Xtra-Gold Resources Corp. [XTG-TSX; XTGRF-OTCBB] has reported the latest channel sampling results from the Cobra Creek gold corridor prospect, on the com- pany's 100%-owned Kibi gold project in the Kibi-Winneba greenstone belt, in Ghana, West Africa. The channel sampling discovered new high-grade gold zones. Highlights of the recently implemented outcrop stripping/channel sampling pro- gram include: • Saw-cut channel sample composites grading 23.62 g/t gold over 5.0 metres, including 67.9 g/t gold over 0.9 m (No. KBCS023-46); and 20.48 g/t gold over 4.58 m, including 35.47 g/t gold over 1.9 m (No. KBCS023-47) from newly exposed breccia zone within central portion of high-grade gold shoot fold structure; • High-grade gold shoot extended 40 m to northeast, to total strike length of approxi- mately 110 m, with saw-cut channel sample composites grading 12.0 g/t gold over 4.3 m, including 39.7 g/t gold over 0.85 m (No. KBCS023-12); and 4.1 g/t gold over 7.93 m (No. KBCS023-2); • New high-grade shear structure discov- ered along northwest flank of high-grade gold shoot with channel sample compos- ites grading 10.26 g/t gold over 3.37 m, including 34.3 g/t gold over 0.75 m (No. KBCS092-3); and 13.17 g/t gold over 3.15 m, including 31.5 g/t gold over 0.95 m (No. KBCS092-4); • New auriferous structure discovered along southwest extension of the No. R2 high-resistivity trend spatially associated with the main shear structure, approxi- mately 625 m southwest of the high-grade gold shoot, returning saw-cut channel intercepts of 1.07 m grading 23.6 g/t gold (No. KBCS090-V4) and 3.85 m grading 4.62 g/t gold (KBCS090-10). The Cobra Creek gold corridor project corresponds to an approximately 550 m wide, northeast-trending, multi-structure braided shear zone system traced to date over an approximately 850 m strike length. The quartz feldspar porphyry (QFP) hosted mineralized corridor encompasses at least nine auriferous shear zones ranging from approximately 1,0-25 m in apparent width. Gold mineralization exhibits strong spatial association with two prominent northeast-east-northeast high-resistivity trends appearing to reflect broad zones of strong iron carbonate (and/or silica) altera- tion. Approximately 1.8 km long by 300 m to 800 m wide, the anomalous gold-in-soil trend is spatially associated with the struc- tural corridor. The present surface sampling results correspond to a mechanized outcrop stripping/channel sampling program implemented from mid-October, 2015, to early April, 2016, on the Cobra Creek gold corridor project; with the explora- tion work designed to further delineate the high-grade gold shoot located at the northeastern extremity of the main shear structure and to test the southwestern extension of the approximately 1,100 m long No. R2 high-resistivity trend spatially associated with the main shear structure. Reported intercepts are channel string lengths; true width of mineralization is unknown at this time. Due to irregular bedrock surface the reported saw-cut channel intercepts are sample intersec- tion lengths irrespective of mineralization topography and may not represent true width of mineralization. Outcrop stripping successfully extended the high-grade gold shoot (blow- out) over an approximately 40 m distance to the northeast, in addition to exposing a strongly auriferous structural breccia within the central portion of the shoot. The northeastern-trending, strongly pyri- tized crackle breccia extending over about 20 m strike distance and ranging 0.4-5 m in apparent width returned high-grade channel intercepts of 5 m grading 23.62 g/t gold, including 67.9 g/t gold over 0.9 m (No. KBCS023-46); and 4.58 m grading 20.48 g/t gold, including 35.47 g/t gold over 1.9 m (No. KBCS023-47). Six channel strings encompassing 21 saw-cut channel samples totaling 16.76 m were collected from the breccia zone with individual assay values ranging from

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