Accra, Ghana, West Africa – (November 9, 2020) - Xtra-Gold Resources Corp. (“Xtra- Gold” or the “Company”) (TSX: “XTG”; OTCQB: “XTGRF”) is pleased to provide the following summary of Q3 2020 Financials:
-Total Assets increased from US$6,875,325 (Dec. 31, 2019) to US$9,753,380 (Sept. 30, 2020), comprised mainly of cash, liquid securities, and gold inventory;
-Zero Debt;
-Net Income of US$714,181 for Q3, for a total net income of US$2,288,146 for the nine-month period ending Sept. 30, 2020.
The full details of the Q3 2020 Financials with MD&A can be viewed on the Company’s website at www.xtragold.com.
Xtra-Gold continues to be focused on drilling several new potential “gold shoots” on its Kibi Gold Project, which is a significant new gold discovery in Ghana. The Company is currently aggressively drilling with its 2 in-house diamond drill rigs to expand the existing gold deposit and discovery ”footprint”. James Longshore CEO/Co-Founder states: “I’m in Ghana now for a site visit of our exciting Kibi Gold Project, which continues to exhibit the potential to be a multimillion ounce gold discovery. Based on our excellent Q3 2020 results, our Company is fully funded to execute our business plan for 2020 to 2020, which will require no outside financing from the capital markets. As our gold discovery increases in size, our shareholders will have significant upside leverage in our share price at the current spot gold prices.”
About Xtra-Gold Resources Corp.
Xtra-Gold is a gold exploration company with a substantial land position in the Kibi Gold Belt.
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.
Forward-Looking Statements
The TSX does not accept responsibility for the adequacy or accuracy of this release. No stock etc. etc.

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