Technical Report on the Enchi Gold Project, Ghana
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Technical Report on the Enchi Gold Project, Ghana June 15, 2010 Prepared for: Edgewater Exploration Ltd. Suite 1250 – 999 W. Hastings Street Vancouver, B. C., V6C 2W2 Prepared by: Wardrop Engineering Inc. 330 Bay Street, Suite 900 Toronto, Ontario, M5H 2S8 Todd McCracken, P. Geo. Principal Geologist Report to: EDGEWATER EXPLORATION LTD. Technical Report on the Enchi Gold Project, Ghana Document No. 1054420100-REP-R0001-03 Report to: EDGEWATER EXPLORATION INC. TECHNICAL REPORT ON THE ENCHI GOLD PROJECT, GHANA JUNE 2010 Prepared by “Original document, version 03, signed by Todd McCracken, P. Geo.” Date June 15, 2010 Todd McCracken, P. Geo. Reviewed by “Original document, version 03, signed by Jeff Wilson, P. Geo.” Date June 15, 2010 Jeff Wilson, P. Geo. Authorized by “Original document, version 03, signed by Paul Gribble, FIMMM, C. Eng.” Date June 15, 2010 Paul Gribble, FIMMM, C. Eng. PG/vc 330 Bay Street, Suite 900, Toronto, Ontario M5H 2S8 Phone: 416-368-9080 Fax: 416-368-1963 REVISION HISTORY REV. PREPARED BY REVIEWED BY APPROVED BY NO ISSUE DATE AND DATE AND DATE AND DATE DESCRIPTION OF REVISION 00 2010/04/23 Todd McCracken Jeff Wilson Paul Gribble Draft to Client 01 2010/04/30 Todd McCracken Jeff Wilson Paul Gribble Draft to Client 02 2010/05/05 Todd McCracken Jeff Wilson Paul Gribble Final Report 03 2010/06/15 Todd McCracken Jeff Wilson Paul Gribble Final Report – changed from TSX 1054420100-REP-R0001-03 TABLE OF CONTENTS 1.0 SUMMARY .......................................................................................................................... 1 1.1 GEOLOGY ............................................................................................................................. 1 1.2 CONCLUSIONS ...................................................................................................................... 2 1.3 RECOMMENDATIONS ............................................................................................................. 2 1.3.1 BOIN AND NYAMEBEKYERE RESOURCE DELINEATION ............................................ 3 1.3.2 ENCHI REGIONAL EXPLORATION AND TARGET GENERATION .................................. 3 2.0 INTRODUCTION ................................................................................................................. 4 3.0 RELIANCE ON OTHER EXPERTS ..................................................................................... 5 4.0 PROPERTY DESCRIPTION AND LOCATION ................................................................... 6 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY .............................................................................................................. 11 5.1 SITE TOPOGRAPHY, ELEVATION, AND VEGETATION .............................................................. 11 5.2 ACCESS .............................................................................................................................. 11 5.3 CLIMATE ............................................................................................................................. 11 5.4 INFRASTRUCTURE ............................................................................................................... 12 6.0 HISTORY ........................................................................................................................... 13 7.0 GEOLOGICAL SETTING .................................................................................................. 15 7.1 REGIONAL GEOLOGICAL SETTING ........................................................................................ 15 7.2 LOCAL GEOLOGY ................................................................................................................ 17 7.2.1 BOIN GOLD ZONE GEOLOGY .............................................................................. 19 7.2.2 SEWUM GOLD PROSPECTS GEOLOGY ................................................................ 19 8.0 DEPOSIT TYPE................................................................................................................. 22 9.0 MINERALIZATION ............................................................................................................ 23 9.1 BOIN ZONE ......................................................................................................................... 25 9.2 SEWUM MINE ...................................................................................................................... 26 9.3 TOKOSEA MINE ................................................................................................................... 26 9.4 SEWUM WEST ..................................................................................................................... 27 9.5 SEWUM SOUTH ................................................................................................................... 27 9.6 SEWUM VILLAGE ................................................................................................................. 28 9.7 ACHIMFU ............................................................................................................................ 29 9.8 NKWANTA ........................................................................................................................... 29 Edgewater Exploration Inc. i 1054420100-REP-R0001-03 9.9 TOKOSEA SOUTH ................................................................................................................ 29 9.10 ADAMANSU ......................................................................................................................... 29 9.11 NYAMEBEKYERE ................................................................................................................. 29 9.12 KWAKYEKROM .................................................................................................................... 30 9.13 BEEKOKROM ....................................................................................................................... 31 9.14 KOJINA HILL ........................................................................................................................ 31 9.15 ALATAKROM ........................................................................................................................ 31 9.16 ERADI ................................................................................................................................. 32 10.0 EXPLORATION ................................................................................................................. 34 11.0 DRILLING .......................................................................................................................... 35 12.0 SAMPLING METHOD AND APPROACH ......................................................................... 36 13.0 SAMPLE PREPARATION, ANALYSES, AND SECURITY ............................................... 37 13.1 EDGEWATER ....................................................................................................................... 37 13.2 RED BACK .......................................................................................................................... 37 14.0 DATA VERIFICATION ...................................................................................................... 41 14.1 EDGEWATER ....................................................................................................................... 41 14.2 RED BACK .......................................................................................................................... 41 15.0 ADJACENT PROPERTIES ............................................................................................... 45 16.0 MINERAL PROCESSING AND METALLURGICAL TESTING ......................................... 46 17.0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES .................................... 47 18.0 OTHER RELEVANT DATA AND INFORMATION ............................................................ 48 19.0 INTERPRETATION AND CONCLUSIONS ....................................................................... 49 20.0 RECOMMENDATIONS ..................................................................................................... 51 20.1 EXPLORATION RECOMMENDATIONS ..................................................................................... 51 20.1.1 BOIN AND NYAMEBEKYERE RESOURCE DELINEATION .......................................... 51 20.1.2 ENCHI REGIONAL EXPLORATION AND TARGET GENERATION ................................ 52 20.2 OTHER RECOMMENDATIONS ................................................................................................ 53 21.0 REFERENCES .................................................................................................................. 55 22.0 CERTIFICATE OF QUALIFIED PERSON ......................................................................... 56 22.1 CERTIFICATE OF TODD MCCRACKEN, P. GEO. ..................................................................... 56 Edgewater Exploration Inc. ii 1054420100-REP-R0001-03 LIST OF TABLES Table 4.1 Enchi License Status........................................................................................... 9 Table 6.1 History of Exploration Activities for the Enchi Licence Area .............................. 14 Table 9.1 Boin Zone RC Drill Summary ............................................................................ 25 Table 9.2 Sewum Mine RC Drill Summary .......................................................................