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Resource Clips


Posts tagged ‘Edgewater Exploration Ltd (EDW)’

Edgewater reports Spain Gold Assays up to 5.58 g/t over 8.3m, 1.45 g/t over 20.5m

August 17th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEdgewater Exploration Ltd TSXV:EDW announced assays from its Corcoesto Gold Project in Galicia in northwest Spain. Results include

5.58 grams per tonne gold over 8.25 metres
(including 23.3 g/t gold over 2 metres)
6.64 g/t gold over 5 metres
(including 16.22 g/t gold over 2 metres)
1.96 g/t gold over 8.1 metres
2.56 g/t gold over 12.8 metres
1.45 g/t gold over 20.5 metres
1.02 g/t gold over 25.7 metres
1.88 g/t gold over 12.4 metres
2.55 g/t gold over 9 metres
(including 16.08 g/t gold over 1 metre)
3.38 g/t gold over 6.6 metres
2.16 g/t gold over 9.9 metres
1.56 g/t gold over 10.2 metres
1.56 g/t gold over 10.2 metres
1.91 g/t gold over 10.4 metres
1.63 g/t gold over 11.6 metres
1.22 g/t gold over 14.9 metres
1.4 g/t gold over 10.8 metres
1.3 g/t gold over 11.5 metres

The Corcoesto Gold Project is located in Galicia province, Spain. Edgewater expects a feasibility study to be released 4Q 2012, and the company has requested that the provincial government designate Corcoesto a “Strategic Project.” A November 2011 preliminary economic assessment estimated a 10-year mine life producing over 100,000 ounces gold annually at $713 per ounce, a $206 million NPV using $1,300 gold and a 24% IRR.

View Company Profile

Ryan King
Vice-President
604.628.1012

Read an interview with President George Salamis

by Kevin Michael Grace

Edgewater reports Spain Gold Assays up to 1.09 g/t over 57.8m

June 7th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEdgewater Exploration Ltd TSXV:EDW announced assays from its Corcoesto Gold Project in northwest Spain. Results include

1.09 grams per tonne gold over 57.8 metres
1.77 g/t gold over 16.2 metres
1.29 g/t gold over 47.4 metres
1.05 g/t gold over 43.7 metres
2.27 g/t gold over 18 metres
44.38 g/t gold over 2 metres
4.11 g/t gold over 7 metres
1.18 g/t gold over 23.1 metres
1.12 g/t gold over 23.5 metres
2.27 g/t gold over 10.4 metres

The Corcoesto Gold Project is located in Galicia province, Spain. Edgewater expects a feasibility study to be released 4Q 2012, and the company has requested that the provincial government designate Corcoesto a “Strategic Project.” A November 2011 preliminary economic assesssment estimated a 10-year mine life producing over 100,000 ounces gold annually at $713 per ounce, a $206 million NPV using $1,300 gold and a 24% IRR.

View Company Profile

Ryan King
Vice-President
604.628.1012

Read an interview with President George Salamis

by Kevin Michael Grace

Edgewater reports Spain Gold Results up to 2 g/t over 66.5m

March 29th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEdgewater Exploration Ltd TSXV:EDW announced assays from its Corcoesto Gold Project in northwest Spain. Results include

2 g/t gold over 66.5 metres
(including 18.65 g/t over 1.1 metres)
0.73 g/t over 119.8 metres
(including 1.22 g/t over 18.9 metres)
1.91 g/t over 33.5 metres
(including 4.26 g/t over 9.7 metres)
1.38 g/t over 37 metres
1.91 g/t over 20 metres
0.55 g/t over 61.3 metres
2 g/t over 13.8 metres

President/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 3Q which will form an integral part of the ongoing definitive feasibility study being completed by Tetra Tech. In conjunction with our project finance adviser, 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.”

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Contact:
Ryan King
Vice-President
604.628.1012

by Greg Klein

Edgewater reports Ghana Gold Assays of 1.14 g/t over 68m

January 25th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEdgewater Exploration Ltd TSXV:EDW announced assays from its Enchi gold project in Ghana, West Africa. Results include

1.14 g/t gold over 68 metres
1.04 g/t over 10 metres
0.71 g/t over 20 metres (including 2.18 g/t over 4 metres)
3.51 g/t over 2 metres
1.62 g/t over 4 metres
0.6 g/t over 27 metres (including 1.3 g/t over 10 metres)
1.15 g/t over 10 metres
0.6 g/t over 17 metres (including 1.03 g/t over 7 metres)
1.01 g/t over 9 metres
2.48 g/t over 3 metres
2.93 g/t over 4 metres

President/CEO George Salamis said, “Edgewater’s first major drill intercepts reported from Kojina Hill are extremely encouraging. These latest results are from areas that were previously untested or only sparsely tested by shallow drilling, and demonstrate the excellent gold potential of the project. At Kojina Hill one of our first 3 holes, KJRC003 drilled on the northeast fringe of the zone, produced the best intercept to date at Kojina highlighting a gold-mineralized zone with an apparent width of almost 80 metres. Our 2012 drill program will recommence shortly, following up on these prospects and other high-priority targets. There are several opportunities for expansion on known gold zones and new gold discoveries on three different trends within the boundaries of the 568-square-kilometre Enchi Project.”

View Company Profile

Contact:
Ryan King
Vice President
604.628.1012

by Ted Niles

Edgewater reports Ghana Gold Assays up to 2.65 g/t over 35m

January 20th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEdgewater Exploration Ltd TSXV:EDW announced assay results from its Enchi gold project in Ghana, West Africa. Highlights include

1.44 g/t gold over 17 metres
0.76 g/t over 12 metres
0.61 g/t over 10 metres
1.4 g/t over 4 metres
0.44 g/t over 38 metres (including 1.03 g/t over 10 metres)
2.65 g/t over 35 metres
2.48 g/t over 1 metre
1.22 g/t over 7 metres
1.15 g/t over 9 metres
1.2 g/t over 7 metres
2.04 g/t over 12 metres
1.08 g/t over 4 metres

President/CEO George Salamis said, “We are very pleased to confirm the mineralized extension of the Boin Gold Zone. These latest drilling results are from areas that were previously untested or only sparsely tested, and continue to demonstrate the excellent upside gold potential of the project. At the Boin Zone, drill hole KBDDH035 (1.44 g/t gold over 17 metres) has extended the known gold mineralization by at least 900 metres along strike leaving the entire northern extension of Boin open for further resource potential. Diamond drilling has now traced the Boin gold mineralization over a strike length of more than 1,200 metres but only to an average depth of 75 metres, further highlighting the tremendous potential at Boin. Our 2012 drill program will recommence shortly, following up on these targets and other areas as we move Enchi forward towards a maiden resource estimate during the first half of 2012.”

View Company Profile

Contact:
Ryan King
Vice President
604.628.1012

by Ted Niles

Edgewater reports Spain Gold Results as high as 1.93 g/t over 38.7m

January 10th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEdgewater Exploration Ltd TSXV:EDW announced assays from its Corcoesto Gold Project in northwest Spain. Highlights include

1.93 g/t gold over 38.7 metres
(including 21.2 g/t over 1.2 metres)
1.6 g/t over 41.2 metres
(including 10.63 g/t over 1 metre)
0.94 g/t over 63.7 metres
(including 3.79 g/t over 3.5 metres)
2.86 g/t over 19.7 metres
(including 5.2 g/t over 9.7 metres)
0.87 g/t over 55 metres
3.33 g/t over 9.4 metres
(including 5.1 g/t over 5.4 metres)

President/CEO George Salamis remarked, “In late 2011 we completed the preliminary economic assessment on the Corcoesto Gold Project with results including a 5% NPV of US$206 million and a 3.4-year payback using a $1,300-an-ounce gold price. Edgewater’s current market capitalization is approximately $30 million, valuing the company at $22 an ounce in all resource categories. We believe 2012 will be a significant year as we anticipate getting development permits and advancing a full feasibility study on the project. These latest drill results are part of a 20,000-metre infill program with a mandate to convert inferred resources to measured and indicated. As we proceed with this infill drilling and conduct further step-out holes, we anticipate also adding additional inferred gold resources to this highly prospective project.”

View Company Profile

Contact:
Ryan King
Vice-President
604.628.1012

by Greg Klein

Edgewater President George Salamis on Ghana assays of 1.41 g/t gold over 34m

May 6th, 2011

“Enchi was previously owned by Red Back Mining which is now Kinross. The Chirano Mine is just up the road from Enchi. The Chirano Mine started off as a several million ounce, 1 g/t ore body, and has now become five million ounces and at a much higher grade. So basically Red Back made itself on Chirano by sheer persistence, just poking away at a very long and prolific structure. And once they started to get a little bit deeper on the structure they started to hit the sweet spot.

“On the Enchi project—which we have in joint venture with Kinross—we have the same thing. It’s the same geology, the same structure, the same geochemical make-up if you will, albeit without a headframe or an open pit or a mill, and it’s the largest such concession on that trend that doesn’t have a mining operation.

“These assays are certainly as good if not better than assays previously released by Red Back in their drilling on these zones. What we’re doing in this drilling is filling in the gaps where Red Back hadn’t drilled previously, in an effort to put together the very first resource estimate on the project. We’re still targetting the third quarter 2011 for that.

“In 2011 we’ll continue drilling. We’ve got 35,000 metres of drilling outlined. We’re at two drill rigs, hoping to go to four in the next few months. So there’ll be a lot of news coming out and a lot of zones. One zone in particular that we’re getting into now, called Sewum, has had a lot of trenching done in the past but very little drilling, and it’s looking pretty good. So we’ll continue to hit the known targets that have been drilled previously, in an effort to put together a resource. And we’ll be drilling zones that have been trenched but that have not been previously drilled.

“We’ve got a lot of drilling to do out there and have no intention, as of yet, to put anything into production on our own. We’re trying to see how big we can make these deposits before we make any kind of decision like that.

“It’s a great project. It’s elephant territory out there. It’s a huge concession; the surface signatures of the gold are immense, 10 kilometres long, so there are a multitude of targets to test. Our average drill depth is 50 metres, so we’re just scratching the surface on a lot of these things now.

“We haven’t come out with a press release in a while out of Spain. We’re still plugging away on the Corcoesto deposit there. We took it from 300,000 ounces to over a million ounces last year and we’re pretty confident that the drilling we’ve done recently over the last 4 or 5 months has added significantly to that resource. We are targetting a resource estimate on Corcoesto in a couple of months, so look for some good news out of there as well.”

View Press Release Summary

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Edgewater reports Ghana Gold Assays up to 1.72 g/t over 24m

April 13th, 2011

Edgewater Exploration Ltd TSXV:EDW announced results from its Enchi Gold Project in Ghana, West Africa. Assays include 4.75 g/t gold over 11 metres (including 44.2 g/t over 1 metre), 1.72 g/t over 24 metres, 1.13 g/t over 34 metres (including 3.84 g/t over 8 metres), 2.6 g/t over 10 metres, 1.04 g/t over 21 metres, 1.08 g/t over 15 metres, 1.89 g/t over 8 metres, 1.2 g/t over 12 metres, 2.15 g/t over 5 metres, 1.32 g/t over 8 metres, 1.45 g/t over 7 metres and 2.02 g/t over 5 metres.

President/CEO George Salamis remarked, “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 metres. As the 35,000-metre drill program continues to accelerate with additional rigs, we expect to drill-test these same multi-kilometre long gold bearing structures at shallow depths averaging 150 metres or less. At Kinross Gold’s Chirano mine, located 70 kilometres northeast of the Enchi project, individual gold deposits are known to extend to over 700 metres in depth.”

View Company Profile

Contact:
Ryan King
Vice President
604.628.1012

by Ted Niles

Edgewater reports Spain Gold Assays up to 2.66 g/t over 13.3m

March 17th, 2011

Edgewater Exploration Ltd TSXV:EDW announced assays from its Corcoesto Gold Project in Galicia, Spain. Results include 10.7 g/t gold over 17 metres (including 148.5 g/t over 1.1 metres), 1.5 g/t over 43.4 metres, 2.7 g/t over 13.3 metres, 0.9 g/t over 31.1 metres, 4.3 g/t over 6 metres, 1.8 g/t over 13.3 metres, 2.7 g/t over 8.5 metres (including 18.6 g/t over 1 metre), 0.8 g/t over 26 metres, 1.7 g/t over 8.1 metres and 0.8 g/t over 17.5 metres.

President/CEO George Salamis commented, “The Corcoesto Gold Project has a current measured and indicated resource of 315,000 ounces gold and an inferred resource of 885,000 ounces gold. Through the current drilling we continue to expand the main gold zones and are confident that this recent drilling confirms the potential for a significant expansion of the gold resources on the project. Our recent results clearly demonstrate that the project has excellent potential for additional near surface mineralization on strike to the east and a higher grade portion to the system plunging at depth on several sections.”

View Company Profile

Contact:
Ryan King
Vice President
604.628.1012

by Ted Niles

Edgewater reports Ghana Gold Assays up to 2.74 g/t over 9m

March 11th, 2011

Edgewater Exploration Ltd TSXV:EDW announced results from its Enchi Gold Project in Ghana, West Africa. Assays include 2.74 g/t gold over 9 metres, 1.9 g/t over 4 metres, 1.07 g/t over 17 metres, 1.67 g/t over 6 meters, 1.23 g/t over 8 metres, 1.41 g/t over 18 metres, 1.13 g/t over 14 metres, 1.68 g/t over 7 metres, 1.1 g/t over 7 metres, 2.34 g/t over 10 metres, 1.17 g/t over 20 metres and 1.14 g/t over 10 metres.

President/CEO George Salamis commented, “The fact that we are consistently intersecting shallow zones of mostly oxidized gold mineralization over several hundred metres of strike length supports our view that the gold systems on the Enchi project are laterally extensive with tens of kilometres of gold-in-soil anomalies and gold-bearing structures to be explored. These new results are showing remarkable consistency in relation to zones previously identified by Red Back Mining. In fact, the evolution of Red Back’s Chirano and what Chirano looked like in its early stages of exploration, is remarkably similar to what we are seeing at Enchi in terms of geology, grades and gold mineralized thicknesses in host rock. These recent results give us added confidence that we will be able to end our drill program later this year with Enchi’s first resource estimate in-hand.”

View Company Profile

Contact:
Ryan King
Vice President
604.628.1012

by Ted Niles