Toronto, Ontario (Newsfile Corp. - August 11, 2021) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company"), is pleased to announce additional assay results from its current
Xtra-Gold Resources Corp.: Xtra-Gold Reports Q1 Record Earnings Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF)
( Xtra-Gold or the Company ) is pleased to provide the following summary of Q1 2021 Financials:
Total Assets increased from US$9,340,942 (Dec. 31, 2020) to
US$11,866,211 (March 31, 2021), comprised mainly of cash, liquid securities, and gold inventory ( cash );
Zero Debt; and
Net Income of US$1,920,672 for the quarter.
The full details of the Q1 Financials with MD&A can be viewed on the Company s web-site at www.xtragold.com.
James Longshore, Founder and CEO states: The Company continues to demonstrate its ability to self-finance our drilling/work programs through the Community Mining Project. With this quarter net income of approximately $2 million, we have enough cash to internally finance our 2021 and 2022 work programs. We are aggressively expanding our resource, with the goal of getting the Kibi Gold Project recognized as a significant gold discovery.
Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF)
(“Xtra-Gold” or the “Company”) is pleased to provide the following summary of Q1 2021 Financials:
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Total Assets increased from US$9,340,942 (Dec. 31, 2020) to
US$11,866,211 (March 31, 2021), comprised mainly of cash, liquid securities, and gold inventory (“cash”);
Zero Debt; and
Net Income of US$1,920,672 for the quarter.
The full details of the Q1 Financials with MD&A can be viewed on the Company’s web-site at www.xtragold.com.
James Longshore, Founder and CEO states: “The Company continues to demonstrate its ability to self-finance our drilling/work programs through the Community Mining Project. With this quarter net income of approximately $2 million, we have enough cash to internally finance our 2021 and 2022 work programs. We are aggressively expanding our resource, with the goal of getting the Kibi Gold Project recognized
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Xtra-Gold Resources Corp. [XTG-TSX; XTGRF-OTCQB] said Wednesday April 14 that it has expanded gold mineralization at the Double 19 deposit at its 100%-owned Kibi Gold Project in Ghana West Africa.
The announcement comes as the company released assay results for an additional 13 drill holes from its current resource expansion and target generation program. Those diamond core boreholes totaling 2,185 metres were completed by the company’s in-house drilling crews from mid-January to March 2021 on the Double 9, Gatehouse Zone and Lone Tree shear structure.
The company said 98 holes covering 13,004 metres have been drilled to date since September, 2019.
The Double 19 deposit hosts inferred resources of 48,000 ounces of gold (610,000 tonnes averaging 2.43 g/t gold). Double 19 is located in Zone 3 along with the Big Bend, East Dyke, South Ridge and Mushroom deposits in Zone 2, forming part of maiden resource estimate of October 2012) on the Kibi Project.
Xtra-Gold Resources Corp : Xtra-Gold Continues to Expand Gold Mineralization at Double 19 Kibi Gold Project, Ghana finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.