Eddgewater Announces Resources Estimate for Enchi Project in Ghana; Shares Up 10%

By Midnight Trader,  May 29, 2012, 09:34:14 AM EDT

Edgewater Resources (EDW.V) today announced an inferred resource estimate of 20.6 Mt grading 1.13 g/t Au containing 749,000 uunces of gold at the Enchi Project, Ghana.

President and CEO, George Salamis, states; "The initial Inferred Resource Estimate exceeded our expectations and is a significant step in the advancement of the Enchi Project. The current resource is hosted at or near surface, generally to an average vertical depth of only 75 meters and is open in all directions both along strike and to depth."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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