Edgewater Nearing Day Lows Even After Intersecting Broad Zones of Gold Mineralization

Edgewater Exploration Ltd. (EDW.V) went down roughly 2% near the lower end of a $0.55 to $0.58 range even after announcing today that Phase I drilling at the Boin, Sewum and Nyam projects have been completed and confirmed the continuity of mineralization between previous drill holes.

George Salamis, President and CEO of Edgewater, reportedly stated, "Phase I diamond drilling at the Sewum zone continues to define broad zones of near surface low grade gold mineralization which correlate with an intrusive contact that has been traced for more than 6 km of cumulative strike length and remains open for expansion in all directions."

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

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