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Xtra-Gold Resources Corp
Symbol XTG
Shares Issued 45,861,217
Close 2025-08-26 C$ 2.34
Market Cap C$ 107,315,248
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Xtra-Gold receives results for 42 drill holes at Kibi

2025-08-26 19:51 ET - News Release

Mr. James Longshore reports

XTRA-GOLD EXPANDS GOLD MINERALIZATION ALONG STRIKE AND AT DEPTH AT THE ORANGE NO. 5 RESOURCE EXPANSION TARGET, KIBI GOLD PROJECT, GHANA

Xtra-Gold Resources Corp. has received further positive assay results for an additional 42 diamond core drill holes totalling 8,207.5 metres from its current resource expansion target generation drilling program on the company's wholly owned Kibi gold project, located in the Kibi-Winneba greenstone belt, in Ghana, West Africa. Present drilling was primarily dedicated to the further advancement of the Orange No. 5 (Zone 4) and Lone Tree (Zone 1) resource expansion targets, including 22 drill holes (5,181 m) and 10 drill holes (1,882 m) drilled on each target, respectively, with drilling efforts also including 10 scout drill holes (1,144.5 m) on prospective lithostructural and geophysical targets. The current drilling forms part of an aggressive in-house drilling initiative targeting multiple resource growth opportunities across the broader zones 1 to 4 mineral resource estimate footprint area (the 2024 MRE, see the company's news release of Oct. 16, 2024).

Present drilling efforts confirmed continuity of multishoot Orange No. 5 gold system over an approximately 750-metre strike length, a maximum 300-metre downdip distance and a down-plunge depth of 800 m (approximately 240-metre vertical depth from surface); intersected significant gold mineralization in 350 m stepout hole to southwest, potentially extending Orange No. 5 gold mineralization to over 1,100 m in strike length; expanded Lone Tree shear gold mineralization to an approximately 600-metre strike length and a 250-metre maximum downdip distance; continued to define fold hinge zone controlling Lone Tree shear mineralization; further demonstrated the gold mineralization hosting potential of the undertested Zone 2 bounding shear and central fold structural settings.

Assay results reported include the following highlights.

Orange No. 5 -- resource expansion target (Zone 4):

  • 13.1 metres at 2.40 grams per tonne gold, including 2.7 m at 7.32 g/t Au, from 129 m; 13.0 m at 0.28 g/t Au from 154 m; and 16.2 m at 0.61 g/t Au from 173.8 m in KBDD25622;
  • 22.5 m at 0.79 g/t Au, including 1.5 m at 4.78 g/t Au, from 98 m; 8.0 m at 0.65 g/t Au from 152 m; and 7.5 m at 0.71 g/t Au from 207.5 m in KBDD25609;
  • 6.0 m at 1.17 g/t Au from 156 m; and 32.0 m at 0.72 g/t Au, including 9.0 m at 1.36 g/t Au, from 172 m in KBDD25637;
  • 28.0 m at 0.60 g/t Au, including 12.0 m at 1.16 g/t Au, from 205 m in KBDD25616;
  • 10.0 m at 1.24 g/t Au, including 1.0 m at 9.62 g/t Au, from 269 m in KBDD25625;
  • 19.0 m at 0.79 g/t Au, including 4.0 m at 2.09 g/t Au, from 271 m in KBDD25632 (down-plunge intercept at approximately 240-metre vertical depth);
  • 16.7 m at 0.89 g/t Au, including 1.7 m at 5.27 g/t Au, from 77 m in KBDD25642 (350 m stepout to SW).

Lone Tree -- resource expansion target (Zone 1):

  • 12.0 m at 1.70 g/t Au, including 1.5 m at 9.96 g/t Au, from 38 m in KBDD25606;
  • 31.0 m at 0.65 g/t Au, including 1.0 m at 3.00 g/t Au and 7.0 m at 1.40 g/t Au, from 89 m in KBDD25617;
  • 20.0 m at 1.02 g/t Au, including 5.1 m at 2.30 g/t Au, from 163 m in KBDD25639;
  • 15.0 m at 0.78 g/t Au, including 1.0 m at 4.40 g/t Au, from 158 m in KBDD25618.

James Longshore, president and chief executive officer, remarked: "These latest drill results fully demonstrate the scale and continuity of the multishoot Orange No. 5 gold system, with recent drilling returning positive drill intercepts over an approximately 750-metre strike length and to a vertical depth of almost 250 m. Taking into consideration the 16.7 m at 0.89 g/t Au, including 1.7 m at 5.27 g/t Au, intercept in drill hole KBDD25642, a 350-metre stepout hole to the southwest, the gold system could possibly extend to well over one km in strike length. The multiple, localized, high-grade gold hits are also highly encouraging, exemplifying the system's potential to host high-grade gold shoots. The Lone Tree shear target is also shaping up in grade and width, with the latest drill hole (KBDD25639) returning a strongly positive intercept of 20.0 m grading 1.02 g/t Au, including 2.30 g/t Au over 5.1 m, emplaced along a highly prospective fold hinge zone. We remain confident that the Orange No. 5 and Lone Tree targets constitute high-potential resource expansion opportunities spatially associated with the Zone 2 bounding shear and central fold, respectively, both undertested prospective structural settings spanning across the Kibi gold project property."

Today's Kibi gold project drill results correspond to the latest 42 drill holes (8,207.5 m) of a continuing exploration initiative targeting multiple resource expansion opportunities across the broader zones 1 to 4 MRE footprint area, with present drilling efforts primarily dedicated to the further advancement of the Orange No. 5 (Zone 4) and Lone Tree (Zone 1) resource expansion targets. The 42 diamond core drill holes were completed by the company's in-house drilling crews from mid-January to mid-July, 2025 (KBDD25602 to KBDD25643), including: 22 drill holes (5,181 m) on the Orange No. 5 target; 10 drill holes (1,882 m) on the Lone Tree target; and 10 scout holes (1,144.5 m) on prospective lithostructural and geophysical targets, with 19 out of 22 Orange No. 5 drill holes and eight out of 10 Lone Tree drill holes returning significant gold mineralization intercepts. None of the 10 scout holes yielded any significant gold intercepts. Assay results for a total of 91 drill holes (18,889.5 m) have been reported to date for the continuing resource expansion target generation drill program initiated in mid-April, 2024.

Technical discussion

Drill results reported today include 20 drill holes (5,181 m) targeting the strike and downdip extensions of the multishoot Orange No. 5 shear system, an emerging resource expansion target located approximately two kilometres southwest of the currently defined MRE footprint. The drilling was conducted primarily along 10 northwest-southeast sections at nominal 100-metre spacing, including downdip holes on previously established drill sections, covering an approximately 860-metre strike length of the mineralized structural corridor. Drilling consisted of northwest-trending, moderately inclined (minus 50 degrees to minus 60 degrees) drill holes designed to intersect the northeast-striking, moderate southeast-dipping mineralization package. The shear system was also tested by a two-hole stepout drill fence collared 350 m to the southwest of the main drill hole array.

The present drilling expanded the Orange No. 5 gold mineralization along strike to the northeast (approximately 270 m) and southwest (approximately 280 m) of the 2012 and 2024 drilling, and approximately 75 m farther downdip than previous drilling efforts, with the continuity of the northeast-trending, moderate southeast-dipping, shallow northeast-plunging, multishoot gold system established over an approximately 750-metre strike length, a maximum 300-metre downdip distance and a down-plunge depth of 800 m (approximately 240-metre vertical depth from surface). Recently completed 3-D VTEM/TMI inversion-model-based lithostructural modelling indicates that the Orange No. 5 shear system is positioned in proximity to a folded second-order syncline along the hangingwall of a regional D2 shear. The gold mineralization hosted within a folded/strained metasedimentary rock sequence comprised primarily interbedded sandstone and phyllite units.

Today's drilling results include the following Orange No. 5 mineralized intercept highlights. Holes KBDD25609 and KBDD25637, collared within the central portion of the shear system, targeted the downdip extension of the 1.5 m at 7.17 g/t Au and 26.0 m at 0.40 g/t Au intercepts returned by scout hole KBDD12213 (see the company's news release of Aug. 21, 2012). KBDD25609 returned 22.5 m grading 0.79 g/t Au, including 1.5 m at 4.78 g/t Au, 8.0 m at 0.65 g/t Au and 7.5 m at 0.71 g/t Au from downhole depths of 98 m, 152 m and 207.5 m, respectively (approximately 60 m downdip of KBDD12213 intercepts), and KBDD25637 returned 6.0 m grading 1.17 g/t Au and 32.0 m grading 0.72 g/t Au, including 9.0 m at 1.36 g/t Au, from downhole depths of 156 m and 172 m, respectively (approximately 55 m downdip of KBDD25609 intercept). Drill fence KBDD25626/622/628 targeting the northeastern segment of the shear system intersected the mineralized package over an approximately 175-metre downdip distance, including the following mineralized intercepts: 9.0 m grading 0.46 g/t Au from a downhole depth of 45.5 m in KBDD25626 (upper hole); 13.1 m grading 2.40 g/t Au, including 2.7 m at 7.32 g/t Au, 13.0 m at 0.28 g/t Au and 16.2 m at 0.61 g/t Au from downhole depths of 129 m, 154 m and 173.8 m, respectively, in KBDD25622 (middle hole); and 12.5 m grading 0.57 g/t Au from a downhole depth of 179 m in KBDD25628 (bottom hole). KBDD25616 and KBDD25625 collared approximately 100 m northeast of the above KBDD25626/622/628 drill fence returned 28.0 m grading 0.60 g/t Au, including 12.0 m at 1.16 g/t Au and 10.0 m grading 1.24 g/t Au, including 1.0 m at 9.62 g/t Au, from downhole depths of 205 m and 269 m, respectively (with KBDD25625 intercept located approximately 65 m downdip of KBDD25616 intercept).

Additional noteworthy Orange No. 5 drill results include 19.0 m grading 0.79 g/t Au, including 4.0 m at 2.09 g/t Au, from a downhole depth of 271 m in KBDD25632, with this drill hole collared at the currently defined northeasternmost extremity of the shear system representing the farthest down-plunge gold intercept of the Orange No. 5 resource expansion target (approximately 240-metre vertical depth from surface). KBDD25642, a 350-metre stepout hole to the southwest of the currently defined extent of the shear system, returned a mineralized intercept of 16.7 m grading 0.89 g/t Au, including 1.7 m at 5.27 g/t Au, from a downhole depth of 77 m, potentially extending the Orange No. 5 gold system strike length to over 1,100 m.

The Lone Tree resource expansion target located along the southeast flank of the Gatehouse-Gold Mountain mineral resource bodies in Zone 1 was subjected to an additional 10 follow-up drill holes (1,882 m), including: five holes targeting the southeastern, near-surface segment of the shear structure; and five holes testing the downdip extension of the structure's northeastern segment.

A three-hole (463 m) northwest-trending drill fence intersected the moderate (55 degrees) southeast-dipping, southeastern segment of the Lone Tree shear structure over an approximately 175-metre downdip distance from surface (KBDD25606/617/639). KBDD25606 returned a mineralized intercept of 12.0 m grading 1.70 g/t Au, including 1.5 m at 9.96 g/t Au, from a downhole depth of 38 m (approximately 45 m downdip from surface), KBDD25617 returned 31.0 m grading 0.65 g/t Au, including 1.0 m at 3.00 g/t Au and 7.0 m at 1.40 g/t Au, from a downhole depth of 89 m (approximately 60 m downdip of KBDD25606 intercept), and KBDD25639 returned an intercept of 20.0 m grading 1.02 g/t Au, including 5.1 m at 2.30 g/t Au, from a downhole depth of 163 m (approximately 70 m downdip of KBDD25617 intercept). Drill holes KBDD25605 and KBDD25615 extended gold mineralization to an approximately 230-metre vertical depth along the northeastern, downdip extension of the Lone Tree shear structure. KBDD25605 returned a mineralized intercept of 10.0 m grading 0.95 g/t Au, including 1.0 m at 4.60 g/t Au, from a downhole depth of 166 m, and KBDD25615 returned an intercept of 1.0 m grading 2.73 g/t Au from a downhole depth of 227 m (approximately 125 m downdip of KBDD25605 intercept).

To date, the Lone Tree shear gold mineralization has been traced by drilling and trenching over an approximately 600-metre strike length and over a maximum downdip distance of approximately 250 m (approximately 230-metre vertical depth from surface). Recently completed 3-D VTEM/TMI inversion-model-based lithostructural modelling indicates that the Lone Tree shear occupies an apparent F2 mesoscale (parasitic) fold hinge structure developed on the western limb of a first-order F2 anti-clinorium fold structure (central fold).

Quality assurance/quality control

Yves P. Clement, PGeo, vice-president, exploration, for Xtra-Gold, is acting as the qualified person in compliance with National Instrument 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 Ltd. laboratory in Tarkwa, Ghana. Xtra-Gold has implemented a rigorous quality assurance/quality control 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.

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 hardrock gold deposits, as virtually all past gold mining activity and exploration efforts have been focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area.

Xtra-Gold holds five mining leases totalling approximately 226 square kilometres (22,600 hectares) 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 square kilometres), along the eastern flank of the Kibi gold belt. The updated Kibi gold project (zones 1-3) mineral resource estimate, produced by Xtra-Gold on Sept. 30, 2024, 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 Corp. Kibi Gold Project," jointly prepared by Pivot Mining Consultants Pty. and Tect Geological Consulting and dated Sept. 30, 2024, is filed under the company's profile on SEDAR+.

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