Ghana - a peaceful, almost Eden-like haven located on West Africa's "Gold Coast".

Today this former British colony - the first in the sub-Sahara to gain independence - is hailed as one of the safest, most politically stable democracies throughout the entire continent, with a growing economy and a government that is truly business-friendly.

But two billion years ago, Ghana was a much different place.

Like the rest of the earth at that time, the area was a hotbed of volcanic activity. Streams of liquefied minerals rose from the earth's core. Eventually the planet cooled, forming an outer rocky crust covered by top soil from which trees and plants grew.

Incredibly, many of Ghana's open pit mineral deposits are comprised of several "pods" - just a few meters below top soil - that consist of...

Gold. High grade, in situ, and easy to process.
Several major deposits have already been discovered throughout Ghana.

In fact, over 140 million ounces of gold has been discovered to date, which would generate more than 140 Billion Dollars of revenue at today's gold prices. Ghana has huge gold production for a tiny geographical country the size of Oregon. An estimated 3 million ounces of gold will be extracted from the ground in 2010, generating more than $3 Billion Dollars*. Making Ghana the second largest producer of gold on the African continent.

Among the companies currently producing and drilling are:

• Newmont Mining Corporation (NYSE:NEM): 20 million ounces discovered at its Ahafo and Akyem mining projects ...Ghana has become a major operating area for Newmont, representing 20% of its global reserves
• Red Back Mining, Inc. (TSX: RBI): has 4.4 million ounces at its Chirano Mine which is in production
  
  
• Perseus Mining Limited (ASX Code: PRU): its Ayanfuri Mine has a 5.3 million ounces deposit, which is working towards production
  
  
• Keegan Resources Inc.(TSX/AMEX-KGN): has recently discovered 3.5 million ounces from the Esaase Deposit
  
  
• Other Major Mining Companies operating in Ghana: AngloGold Ashanti Limited, Gold Fields Ltd.(NYSE: GFI), and Golden Star Resources Ltd.(NYSE: GSR).
  
  

Xtra-Gold Resources Corp. (OTCBB: XTGR)
has all it's exploration properties located in Ghana, and
has delivered "some of the best early drill results
seen in Ghana since the Chirano Discovery."

According to Xtra-Gold Resources CEO, James Longshore, "I am excited and very optimistic about the future of our company. We have the potential to find a multi-million ounce deposit or deposits on our properties. Mining Leases are in place for anywhere from 5 to 30 years in Ghana, with an easy renewal process available through the Ghana government. And we've focused on only one of our 5 properties where we believe we have excellent potential to deliver a world class deposit. The Ghana government currently owns 10% of our operating company."

Longshore went on to say, "We have already drilled 68 holes over a roughly 2 kilometers distance, and the grades are very encouraging. At 2 grams of gold per tonne, a project can be economically viable. Two recent open pit mines that have gone into production in the last few years are Newmont's Ahafo mine and Red Back's Chirano mine. Both of these mines grade roughly 2 grams per tonne and generate over 600,000 ounces annually."

"We've found assays from many of our drill holes to be well above that number. In fact, three of our best results from the last drill program were: 9.23 grams per tonne (g/t) gold over 39 meters, 6.29 g/t gold over 23 meters, and 3.36 g/t gold over 20 meters. So the potential is there. We just need to continue our program of infill drilling in the same areas that we have already drilled."

Xtra-Gold Resources is focusing on an area located just 80 kilometers from the roughly 8 million ounce Newmont Akyem project which will generate more than $8 billion dollars in sales, at current gold prices.

The company also recently appointed two leading geological consultants to its newly formed Advisory Board: Robert J. Casaceli, currently Chief Geologist with Franco-Nevada U.S. Corporation (TSX-FNV), past President and CEO of Franc-Or Resources Corporation, a Toronto Stock Exchange Listed company; and former PDAC Prospector of the Year award winner for his Hemlo gold camp discoveries, David R. Bell, President of Bell Geological Services and previously a geologist and miner with Falconbridge Nickel Mines, which was acquired by Xstrata (London Stock Exchange: XTA.L) for $6.9 billion in 2005.

Xtra-Gold Resources CEO Longshore noted, "One of the companies now drilling in Ghana saw its stock rise from fifty cents a share in December of '08 to $7 per share in January of this year. Another went from $1 a share in 2002 to $17 per share this January." Of course, past performance is no guarantee of future results...and we've certainly got to do our own due diligence...but the "gold nugget is certainly there for us to pluck."

For more information about Xtra-Gold Resources Corp.
and a FREE Special Report on its Potential Ghana gold discovery,
simply provide your contact information below, and click "submit"

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Xtra-Gold Resources Corp.
Media Coverage

Xtra-Gold Resources Corp. has been featured in numerous publications and newsletters over the past few months. Click on the links below to view some of this coverage.

as originally featured in Ticker Trax

as featured in Stockhouse News

Zone 2 Detail Drill Plan (Holes #KBD08001 - 015)

Zone 1 Drill Plan (Holes #KBD08016 - 018)