Initial Mineral Resource Estimate Commissioned At Kibi Gold Project

 

TORONTO, ON - Xtra-Gold Resources Corp. has commissioned SEMS Exploration Services Ltd. of Accra, Ghana to prepare an initial NI 43-101 - compliant mineral resource estimate on the Big Bend and East Dyke gold zones located within Zone 2 of the Company's wholly-owned Kibi Gold Project, located in the Kibi -- Winneba greenstone belt, in Ghana, West Africa. SEMS is a leading full-service mineral exploration and mining consultancy company in West Africa; with offices in Ghana, Burkina Faso, Cote d'Ivoire, and Mauritania. This will constitute the first ever mineral resource estimate generated on a gold project within the underexplored Kibi Greenstone Belt.

The Company is also pleased to report that its 2012 diamond drilling campaign is well underway with a total of 31 holes completed to date for a total of 6,654 m of core. The present drilling is designed to further delineate/infill the Big Bend Zone -- Central Granitoid and the South Ridge Granitoid Zone; as well as further test/delineate other prominent gold systems and geophysical/geochemical anomalies along the approximately 5.5 km NE--trending Kibi Gold Trend. The 31 holes (#KBDD12186 to #KBDD12216) drilled in this year's campaign to date include: 3 holes (1,092 m) on the Big Bend Zone and 3 holes (381 m) on the South Ridge Granitoid Zone in Zone 2; 10 holes (2,293 m) on the Double 19 Zone in Zone 3 - East; 4 holes (491 m) on the Kibi Old Mine prospect; 3 holes (782 m) on Zone 1; 4 holes (995 m) on the Zone 4 Gold Trend; and 4 holes (620 m) testing grassroots geophysical targets with coincidental gold-in-soil anomalies.