Xtra-Gold Resources Corp. (TSX: XTG | OTCQB: XTGRF) has released an updated Mineral Resource Estimate for its wholly-owned Kibi Gold Project in Ghana, West Africa, effective October 1, 2026. The estimate now totals an Indicated Mineral Resource of 1,404,900 ounces of gold across eleven auriferous bodies, supported by 123 additional diamond drill holes completed since the prior September 2024 estimate. The disclosure also introduces the first declared Mineral Resource for the Orange No. 5 deposit, expanding the project's footprint and drawing investor attention to the multi-deposit system's scale.

Key Points

  • Xtra-Gold Resources Corp. (TSX: XTG | OTCQB: XTGRF) announced the updated Kibi Gold Project Mineral Resource Estimate on October 13, 2026.
  • Indicated Mineral Resource stands at 1,404,900 oz gold at 1.12 g/t from 39,007,000 tonnes; Inferred Resource is 180,800 oz gold at 0.99 g/t from 5,693,000 tonnes.
  • 123 new diamond drill holes totalling 27,384.5 m were added since the 2024 estimate; the project database now encompasses 765 drill holes and 136,326.99 m of drilling since 2008.
  • Investors may be watching the pending formal approval of the Apapam mining lease extension covering the Buffer Zone, which hosts portions of four deposits.

Eleven Deposits Now Define the Kibi Gold Project Resource Base

The updated estimate consolidates eleven auriferous bodies spanning approximately 4.5 km within the Kibi-Winneba greenstone belt. It includes an updated resource for the Boomerang deposit and a first-ever declared resource for the Orange No. 5 deposit, which was still in early exploration at the time of the 2024 estimate. Roughly 87% of the 1,227,300 Indicated ounces in the licence area is concentrated within four deposits: Big Bend, East Dyke, Boomerang, and Orange No. 5. The independent estimate was jointly prepared by Pivot Mining Consultants and Tect Geological Consulting in accordance with CIM Definition Standards and NI 43-101 requirements.

Buffer Zone Lease Approval Remains an Outstanding Regulatory Risk

A portion of the Indicated Resource — 156,100 ounces at 1.19 g/t from 4,066,000 tonnes — lies within a Buffer Zone between the Apapam mining lease boundary and the Forest Reserve. Xtra-Gold applied for this Buffer Zone extension in June 2015 and again in June 2019, with both applications receiving Technical Committee approval and cadastral certification under Ghana Mineral Law. However, the company states it is still awaiting formal governmental approval and cautions that no assurance can be given that such approval will be granted. The existing Apapam lease remains in full force under Ghanaian mining law in the interim.

In-House Drilling Programme Drives Resource Expansion at Kibi

The resource growth reflects an extensive drilling campaign carried out by Xtra-Gold's own in-house diamond drill crews, adding 123 holes and 27,384.5 m since the prior estimate. The total project database now stands at 715 diamond drill holes and 50 reverse circulation holes, encompassing data through December 18, 2025. Mineralization remains open down-plunge across all eleven bodies, with several open in multiple directions, indicating potential for further resource expansion. CEO James Longshore characterised the result as validating the project's multi-million-ounce potential, according to the announcement.