Edgewater Exploration Reports Corcoesto Drill Results

Edgewater Exploration Ltd.(TSXV:EDW) announced additional in-fill drill results from the Corcoesto Gold project. The company reported intercepts of 66.5m grading 2.00 g/t gold.

As quoted in the press release:

Edgewater now has 4 diamond drill rigs conducting a program of infill drilling on the Corcoesto Gold Project. Drilling continues to intersect excellent widths and grades of gold mineralization including DDH12W96 that returned 66.5 metres grading 2.00 g/t Au and DDH12W86 with 119.8 metres grading 0.73 g/t Au.

Edgewater, President and CEO, George Salamis, commented:

The infill drilling program at Corcoesto continues to confirm good continuity and excellent widths in some cases surpassing expectations in grades and widths encountered. The current phase of drilling will culminate in the tabling of an updated resource estimate during Q3/12 which will form an integral part of the ongoing definitive feasibility study being completed by Tetra Tech. In conjunction with our project finance advisor, we are finalizing discussions with several financial institutions for the initial project development capital. The capital requirement will be based on the completion of the feasibility study later this year.

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