Sep 25, 2013
Edgewater Files NI 43-101 Resource Estimate Technical Report on the Corcoesto Gold Project, Spain which outlines a Measured & Indicated Gold Resource of Over 1.0 Million ozs
Vancouver, British Columbia, Mr. George Salamis, President and CEO of Edgewater Exploration Ltd. ("Edgewater" or the "Company") is pleased to announce that the NI 43-101 Technical Report titled "NI 43-101 Technical Report Mineral Resource Estimate for the Corcoesto Gold Project Galicia Region, Spain" dated September 20th, 2013 has now been filed on Sedar. The Technical Report was prepared by Micon International Limited of Toronto, Canada, in conjunction with the Company.
Highlights of the Updated Measured and Indicated 2013 Resource include;
Table 2 - Corcoesto Gold Project Mineral Resource Estimate at various cut-off grades
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 development and exploration company focused on the advancement and development of precious metal properties. Edgewater has an experienced mine building and operating team with a track record of success. The Company is currently developing the Corcoesto Gold Project in northwest Spain, and exploring the Enchi Gold Project in Ghana, West Africa.
In Spain, Edgewater owns a 100% interest in the Corcoesto Gold Project which has an approved Environmental Impact Statement (see news release January 2013) and completed a Preliminary Economic Assessment (see news release November 2011) demonstrating positive economics on the Corcoesto Gold Project. The Company is currently nearing the completion of a feasibility study for the Corcoesto Gold Project in northwest Spain.
In Ghana, the Company's Enchi Gold Project (51/49 JV with Kinross) is host to an Inferred Resource of 749,000 ounces of gold (20,627 million tonnes at an average grade of 1.13 g/t gold), using a cut-off of 0.7 g/t gold. The Enchi Resource Estimate dated July 12, 2012 was prepared by Todd McCracken, P.Geo. of Tetra Tech., who is independent of Edgewater and a Qualified Person ("QP") as defined by National Instrument 43-101. CIM definition standards were followed for the resource estimate. The 2012 resource models used ordinary kriging (OK) grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids. A capping of gold grades at 18 g/t and a density of 2.45 g/cm3 was applied. Mineral Resources that are not mineral reserves do not have economic viability.
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
You can view the Next News Releases item: Wed Oct 16, 2013, Edgewater Comments on recent meetings with the Government in Galicia, Spain
You can view the Previous News Releases item: Tue Aug 6, 2013, Edgewater Increases Measured & Indicated Gold Resources by 203% to Over 1.0 Million ozs at the Corcoesto Gold Project, Spain
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