Apr 12, 2011


Edgewater Intersects 1.72 g/t Gold over 24 m on Boin Gold Zone and 4.75 g/t Gold over 11 m on Nyam Gold Zone At Enchi Project, Ghana

- 1.72 g/t gold over 24.0 m on the Boin Gold Zone
- 1.13 g/t gold over 34.0 m on the Nyam Gold Zone
- 4.75 g/t gold over 11.0 m on the Nyam Gold Zone


Vancouver, British Columbia. Edgewater Exploration Ltd. ("Edgewater" or the "Company") is pleased to announce additional diamond drill hole and trench results on the Company's Enchi Gold Project ("Enchi or the Project") in Ghana. Results continue to outline near-surface gold mineralization, at a depth of 25-50 m from surface on the Boin and Nyam Gold Zones (see a plan map here). The targets for this phase of drilling are three of the 16 known gold zones at Enchi; Nyamebekyere ("Nyam"), Boin, and Sewum.

George Salamis, President and CEO stated: "These are some of the widest and highest grade gold intercepts reported to date on Enchi, and we continue to outline encouraging gold mineralization at vertical depths of less than 50 m. As the 35,000 meter drill program continues to accelerate with additional rigs, we expect to drill test these same multi-kilometer-long gold-bearing structures at shallow depths averaging 150 m or less. At Kinross Gold's Chirano mine located 70 km northeast of the Enchi project, individual gold deposits are known to extend to over 700 m in depth."

Table 1 Drill Result Highlights

#

Type

Zone

Section

From(m)

     To(m)

Interval(m)

 Au g/t

 g/T*m

NBDDH021

Drill Hole

Nyam

16000N

69.0

80.0

11.0

4.75

52.25

NBDDH021

Drill Hole

Nyam

Inc.

74.0

75.0

1.0

44.20

44.20

KBDDH003

Drill Hole

Boin

4050N

44.0

68.0

24.0

1.72

41.28

NBDDH018

Drill Hole

Nyam

15850N

31.0

65.0

34.0

1.13

38.42

KBDDH003

Drill Hole

Boin

inc

50.0

58.0

8.0

3.84

30.72

KBDDH004

Drill Hole

Boin

4050N

3.0

13.0

10.0

2.60

26.00

NBDDH013

Drill Hole

Nyam

15605N

43.0

64.0

21.0

1.04

21.84

NBDDH013

Drill Hole

Nyam

inc.

52.0

61.0

9.0

1.84

16.56

NBDDH018

Drill Hole

Nyam

15850N

1.0

16.0

15.0

1.08

16.20

NBTR009

Trench

Nyam

15800N

4.0

12.0

8.0

1.89

15.12

NBTR007

Trench

Nyam

15680N

8.0

20.0

12.0

1.20

14.34

NBTR009

Trench

Nyam

15800N

22.0

38.0

16.0

0.77

12.32

NBDDH018

Drill Hole

Nyam

inc

10.0

16.0

6.0

2.04

12.24

NBDDH022

Drill Hole

Nyam

16035N

31.0

36.0

5.0

2.15

10.75

NBTR008

Trench

Nyam

15710N

16.0

24.0

8.0

1.32

10.56

NBDDH012

Drill Hole

Nyam

15710N

35.0

42.0

7.0

1.45

10.15

NBDDH009

Drill Hole

Nyam

15550N

51.0

56.0

5.0

2.02

10.09

Notes:
  1. All reported intercepts are core lengths and true widths are estimated at 80-85 per cent of core lengths
  2. Weighted averages calculated using uncut assays.
  3. See attached table for complete set of results.
Boin has a known strike length of over 10 km identified by previous shallow RC and RAB drilling, Edgewater currently has one drill operating on Boin with plans to add additional rigs in the coming weeks. Nyam has been traced in wide-spaced drilling for over 1600 m and is part of a continuous 15 km strike length of gold prospects on the Project from Nyam southwest through Kojina Hill to Sewum Hill in the south. To date, a total of 57 holes have been completed and 27 trenches have been dug by Edgewater at Enchi which continue to consistently intersect good grade gold mineralization. As expected, these recent results are now defining a series of steeply plunging gold zones along both of the Boin and Nyam structures. These shoots will be the focus of the next phase of drilling which will continue to test the structures at depths of 75 m to 150 m below surface within the unoxidized portion of the system.

The third gold zone to be tested in this phase of drilling will be Sewum which is host to three separately defined gold mineralized structures, each in excess of a kilometre in length. All three of these highly prospective areas occur along a key sedimentary-volcanic contact, and host similar geology to Kinross Gold Corporation's Chirano Gold mine (5 million oz) located along the Bibiani Shear Zone 70km northeast of the Project. Edgewater has now completed road access into the Sewum Zone and has commenced an initial 3000 m diamond drill program.

Road-work has also been initiated into the Eradi Zone where the Company expects to commence drilling in the next few months.

Sample analyses have been conducted at independent commercial facilities SGS Labs in Tarkwa Ghana. All sample analyses was completed using industry standard geochemical and fire assay practices and included a rigorous Quality Assurance / Quality Control (QA/QC) program consisting of the insertion of standards, blanks and duplicate samples randomly into the sample stream. A review of the QA/QC results shows no significant bias and all results are considered highly reliable.

Mr. Gregory Smith, P.Geo, the Vice-President of Exploration of the Company, is the Qualified Person as defined by NI 43-101, and is responsible for the accuracy of the technical data and information contained in this news release.

About Edgewater Exploration Ltd.

Edgewater is a mineral exploration company focused principally on acquisitions, advancement and development of precious metal properties. Edgewater is currently developing the Enchi Gold Project in Ghana, West Africa and the Corcoesto Gold Project in northwest Spain.

On behalf of the board of EDGEWATER EXPLORATION LTD.

"George Salamis"

George Salamis,
President and CEO

For further information, please contact:
Ryan King, Vice President
rking@edge-water.com
Telephone: (604) 628-1012

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 
 

You can view the Next News Releases item: Wed May 4, 2011, Edgewater Intersects 1.58 g/t Gold over 24m and 1.41 g/t Gold over 34m on the Company's Enchi Gold Project in Ghana

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