Xtra-Gold Resources drills high grade gold at Kibi project

Xtra-Gold Resources (TSE:XTG) (TSX:XTG-S) (OTCBB:XTGR) reported Tuesday further significant drill results from the Big Bend Gold Zone on the company's Kibi project in Ghana, West Africa.
The company said that results from six new diamond core holes, which covered 1,308 metres, continue to confirm the "down-plunge continuity" of mineralization, and show the presence of higher grade gold within the Big Bend system.
Highlights from the holes reported today include 52 metres grading 2.42 g/t gold in hole KBDD11113, including 27 metres at 3.58 g/t gold and 6.09 g/t gold over 12 metres.
In addition, hole KBDD11110 intersected 50 metres of 1.64 g/t gold from 158 metres down hole, including 24 metres at 2.45 g/t gold; and hole KBDD11114 returned 50 metres at 1.31 g/t gold from surface, including 20 metres at 2.21 g/t gold.
The latest drill results are part of a 20,000 metre exploration program initiated in mid January, designed to define the Big Bend Gold Zone, as well as test other prominent gold systems on Zone 2 of the company's Kibi project.
To date, significant gold mineralization has been traced over a 300 metre strike length, and roughly 360 metres down plunge from surface along the Big Bend gold zone.
Xtra-Gold has completed 34 holes totaling 8,550 metres thus far in its current 20,000 metre program.
The company's shares rose more than 3.5% on the results, to trade at $2.02 as of 10:34am EST in the US.