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Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s Aug 21st, 2012, and we’ve found 2 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page ... or click on the image below.

Xtra-Gold Intercepts 45 Metres of 2.20 g/t Gold and 36 Metres of 2.85 g/t Gold at Its Kibi Gold Project in Ghana, West Africa

tra-Gold Resources Corp. ("Xtra-Gold" or the "Company") (TSX:XTG) (OTCBB:XTGR), is very pleased to announce results from 53 additional diamond core holes totaling 8,810 metres ("m") from the Company's wholly-owned Kibi Gold Project, located in the Kibi – Winneba greenstone belt ("Kibi Gold Belt"), in Ghana, West Africa. Drilling efforts include 17 holes designed to further test/delineate the high grade Double 19 shoot (Zone 3 - East) and the South Ridge zone (Zone 2), and 36 scout drill holes to test geochemical/geophysical anomalies, geological targets, and the Kibi Old Mine prospect. Highlights of the drill results reported today include:

  • 45 m grading 2.20 grams per tonne ("g/t") gold, including 7.80 g/t gold over 7 m, in #KBDD12237 from 40 m down-hole (Double 19 Shoot);
  • 36 m grading 2.85 g/t gold, including 7.06 g/t gold over 7.7 m, in #KBDD12253 from 42.5 m down-hole (South Ridge zone);
  • Double 19 shoot extended to a down-plunge distance of approximately 205 m from surface. Drilling / trenching to date appears to indicate that the high grade Double 19 gold shoot consists of a moderately, ENE-plunging vein system centred on an apparent fold nose developed within the host diorite body; with the gold shoot having an asymmetrical convex geometry possibly reflecting a fold-hinge stockwork vein zone;
  • South Ridge zone follow-up drilling returns high grade stockwork-type gold mineralization spatially associated with broad, auriferous shear zone (#KBDD12253);
  • 2 new, typical Kibi-type, diorite-hosted, quartz stockwork systems discovered by scout drilling within central portion Zone 3 gold-in-soil anomaly; extending trace of granitoid-hosted gold mineralization to approximately 2.5 km along the NE-trending Kibi Gold trend; and
  • Prominent, gold-bearing shear zone centred on quartz feldspar porphyry sill ("QFP") discovered by scout drilling within Zone 4 gold-in-soil anomaly (Orange No. 5 Shear). Spatial relationship with QFP constitutes classical orogenic lode gold setting and demonstrates multi-style mineralization potential of the Kibi Gold Project.

About Xtra-Gold Resources Corp.

Xtra-Gold is a gold exploration company with a substantial land position in the Kibi greenstone belt ("Kibi Gold Belt") located in Ghana, West Africa. 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 lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area.

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