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    Edgewater Exploration: Inferred Resource Estimate of 20.6 Mt grading 1.13 g/t Au Containing 749,000 Ounces of Gold at the Enchi Project, Ghana

    Investing News Network
    May. 29, 2012 10:03AM PST
    Gold Investing

    Edgewater Exploration Ltd. (TSXV:EDW,OTCQX:EDWZF) announced a National Instrument 43-101 Inferred Resource Estimate of 20.6 Mt grading 1.13 g/t Au Containing 749,000 Ounces of Gold at the Enchi Project, Ghana.

    Edgewater Exploration Ltd. (TSXV:EDW,OTCQX:EDWZF) announced a National Instrument 43-101 Inferred Resource Estimate of 20.6 Mt grading 1.13 g/t Au Containing 749,000 Ounces of Gold at the Enchi Project, Ghana.

    As quoted in the press release:

    2012 Inferred Mineral Resource Summary:
    Total 20,627,000 Tonnes
    Grade (Au g/t) 1.13
    Contained Gold (ounces) 749,000

    Edgewater Exploration President and CEO George Salamis said:

    “At a cut-off of 0.3 to 0.5 g/t, which is the norm for near surface oxide resources being reported in other parts of West Africa the resource at Enchi contains over 1 M ounces of near surface gold. That said, our future drilling campaigns will be targeting zones of higher grade mineralization, above our highlighted 0.7 g/t cut-off, both at surface and to depth where we believe better grade material exists.”

    Click here to read the Edgewater Exploration (TSXV:EDW) press release

    See this press release on Marketwire
    Click here to see the Edgewater Exploration (TSXV:EDW) profile.

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