Notes

9 Easy Facts About XTG — Xtra Gold Resources Share Price - Stockopedia Shown


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<h1 style="clear:both" id="content-section-0">Little Known Facts About Northern Star: Australian Gold Producer - Deliver Superior.<br><img width="344" src="https://www.etftrends.com/wp-content/uploads/2020/05/Gold-ETFs-Continue-Shattering-Records.jpg"><br></h1>
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<p class="p__0">from late 2009! Apparently This Piece Covers It Well own the stock, so I chose to dig in and evaluate it with gold costs 'soaring to the moon'. Xtra-Gold Resources Corp. (TSX: XTG OTCQB: XTGRF) has been producing alluvial gold and "pioneering the discovery of a new gold belt in Ghana, West Africa".</p>
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<p class="p__1">This consists of more than 20 million ounces of gold that has actually been discovered by Newmont Mining Corporation considering that 2002 at its Akyem and Ahafo deposits. Ghana ranked 1st in African gold production in 2019 (4. 5 million plus ounces produced). Okay it appears like gold production in Ghana has normally been going in the right direction what about Xtra-Gold? Xtra-Gold was United States OTC (XTGRF) noted when the shares were sold to me and became TSX listed in late 2010.</p>
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<p class="p__2">It looks like I missed the early double and the long-term hold hasn't been such an excellent method, so time to dig in. There are four main gold belts in southern Ghana, three of which are well checked out and host a few of the world's top gold mining companies. Xtra-Gold is alone in the fourth, the Kibi gold belt, which is stated to be geologically comparable to other gold belts, including the neighboring Ashanti gold belt.</p>
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<h1 style="clear:both" id="content-section-1">Not known Details About Xtra-Gold Resources Stock Forecast, "XTGRF" Share Price<br></h1>
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<p class="p__3">The business has been performing contract alluvial (placer) mining for the previous 7 years (primarily on Kwabeng), which has actually created annual capital (more than US$ 4. 0 million in bullion sales in 2019) and prevented the normal huge investor dilution seen in other gold exploration business who provide new equity to fund exploration programs.</p>
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<p class="p__4">Early expedition resulted in a discovery of 5 gold deposits (Zone 2-Zone 3 on the Apapam Mining Lease) with an NI 43-101 prepared report (October 2012) estimated to contain a Suggested mineral resource of 278,000 ounces at a typical grade of 2. 56 g/t gold and an extra Inferred mineral resource of 147,000 ounces at an average grade of 1.</p>
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<p class="p__5">5 g/t cut-off). No mineral reserves have been developed on the Kibi job. Since 2012, the business has actually kept a relatively constant level of activity in Ghana, consisting of geophysical, geochemical and structural geology analysis plus drilling on Zone 2-Zone 3 plus modest drilling on other leases in addition to mapping, analysis and placer/alluvial mining.</p>
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