(AUDIO ENHANCED) Edgewater Exploration Ltd. Vice President Ryan King appears on Junior Mining Network Radio Edition #6
21 Août 2013 - 2:58PM
Access Wire
Vancouver, August 21, 2013
/TheNewswire/ - Edgewater Exploration Ltd.
(TSXv: EDW) (the "Company" or
"Edgewater") provides a Corporate Update as Ryan King discusses an
array of corporate developments, including;
-Overall status
of Edgewater's Corcoesto project in Spain
-King and
Edgewater management's thoughts on the current markets and how to
survive in the current environment
-Current stage
or permitting in Spain
-Financing
Options available to Edgewater Exploration
-Timelines of Feasibility Study
-Edgewater's Enchi Project in Ghana
-Overall short-to-midterm plans for both Spain and Ghana
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About
Edgewater Exploration Ltd.
Edgewater is a mineral development and
exploration company focused on 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.
Over the last 18 months
Edgewater; completed +50,000 metres of infill drilling, is nearing
the completion of a final Feasibility Study with Micon
International Limited, signed a debt mandate agreement with Credit
Suisse AG and Barclays Bank PLC for up to $120 Million for project
financing and received the full Environmental Impact Statement for
the Corcoesto Gold Project. (Please visitwww.edgewaterx.com for further details).
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.
George Salamis, President and CEO
Edgewater Exploration
Ltd.
Ryan King
Vice President
(604) 628-1012
rking@edgewaterx.com
www.edgewaterx.com
"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 of this release.
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