Edgewater Intersects Broad Zones of Gold Mineralisation Including 0.53 g/t Gold Over 81.0 Metres at Enchi Gold Project

- November 28th, 2011

Edgewater Exploration Ltd. (TSXV:EDW,OTCQX:EDWZF) announced results from the ongoing drilling programme at the Company’s, Enchi Gold Project (“Enchi or the Project”) in Ghana.

Edgewater Exploration Ltd. (TSXV:EDW,OTCQX:EDWZF) announced results from the ongoing drilling programme at the Company’s, Enchi Gold Project (“Enchi or the Project”) in Ghana.

As quoted in the press release:

Phase I drilling at the Boin, Sewum and Nyam projects have been completed and confirmed the continuity of mineralization between previous drill holes. Phase II drilling has commenced at Boin and Nyam and is focused on increasing the size of the known gold zones by testing the mineralized zones at depth and along strike. Highlights from the Phase I drilling at Sewum gold zone include: 0.53 g/t gold over 81.0 metres, including 1.15 g/t gold over 9.0 metres (SWDDH051), 0.67 g/t gold over 32 metres, including 1.10 g/t gold over 8.0 metres (SWDDH061) and 0.65 g/t gold over 27.0 metres, including 2.05 g/t gold over 8.0 metres (SWDDH062).

Edgewater President and CEO, George Salamis, stated:

“Phase I diamond drilling at the Sewum zone continues to define broad zones of near surface low grade gold mineralization which correlate with an intrusive contact that has been traced for more than 6.0 km of cumulative strike length and remains open for expansion in all directions. A 5.0 km2 gold-in-soil anomaly overlaps the Sewum zone of which less than half has been drill tested and only at very shallow depths. We now have a very good interpretation of the different gold zones at Enchi and our Phase II drilling is currently concentrating on defining gold zone extension continuity both along strike and down dip. We are on track to produce our maiden Enchi gold resource in Q1, 2011.”

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