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."
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.
President and CEO
For further information, please contact:
Ryan King, Vice President
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
You can view the Previous News Releases item: Tue Mar 29, 2011, Edgewater Exploration Announces Douglas Forster as Director
You can return to the main News Releases page, or press the Back button on your browser.