Edgewater Exploration is a Canadian based mineral exploration and mine development company focused on two advanced stage gold projects with defined resources. Edgewater's Gold assets include the 100% owned Corcoesto Gold Project in Galicia NW, Spain and 51% of the Enchi Gold Project in Ghana West Africa
The Corcoesto Gold Project has a NI 43-101 resource estimate and a Preliminary Economic Assessment completed Nov 2011, (
). In 2013 Edgewater completed an updated NI 43-101 Open pit constrained Resource Estimate after approximately 50,000m of infill drilling. See Press Release link here Titled (
. Edgewater's Corcoesto Gold Project remains open at depth and along strike to the Northeast. The Company continues to work with the Government to unlock value at the Corcoesto Gold Project.
Edgewater's second gold project is located in Ghana, West Africa. Edgewater and Kinross have executed a joint venture agreement to advance the Enchi Gold Project, located approximately 70kw southwest of the Chirano Gold Mine owned and operated by Kinross Gold Corp. Enchi has an inferred NI 43-101 resource calculation of 20.6Mt grading 1.13 g/t Gold containing 749,000 ounces of gold which is open in all directions. (
see details here). Additional details on the Enchi Gold Project can be found
here.
Feb 2012 Edgewater filed the Environmental Impact Statement with all the Galician authorities for Project development Environmental approval.
Dec 17, 2012 The Ministry of Environment Approved the Corcoesto Gold Project's Environmental Impact Statement (
see details here). The EIS represents the final step in the environmental permitting process to advance the Corcoesto Gold Project. This approval is a significant milestone for Edgewater and its shareholders, taking the Company one step closer to developing a new open pit gold mine in the autonomous region of Galicia. Galicia is an autonomous region within Spain and therefore permitting is assessed at the state and municipal levels.
Over the past 24 months and since the last 2012 resource calculation on Corcoesto Edgewater has completed +50,000m of infill drilling with excellent results including; 66.5m of 2.0g/t gold, 57.8m of 1.09g/t gold and 8.25m of 5.58g/t gold. In December 2012 Edgewater completed an additional 10,000m of infill drilling.
We believe small cap mining companies hinge on three key elements. For maximum success a company should have projects with upside potential or a pipeline of projects to develop; capital to implement plans with a manageable corporate structure that will allow for investment growth. Finally, a company should have an experienced team of mining professionals that understand entrepreneurial-ism with a blend of capital market, marketing and corporate development expertise. Edgewater's executive, board and advisory team has been accredited with discovering over 20 M ounces of gold and been directly involved in over $2 Billion in M&A transactions demonstrating a proven track record.
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