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.”