Edgewater Exploration is a Canadian based mine development company focused on building a mid-tier gold company. Edgewater is aggressively advancing the 100% owned Corcoesto Gold Project in Galicia NW, Spain.
The Corcoesto Gold Project has a NI 43-101 resource estimate and a Preliminary Economic Assessment completed Nov 2011, (
). 2013 is set to be a very significant year for Edgewater and the advancement of the Corcoesto Gold Project. The company plans to publish a new resource estimate early Q2, a final feasibility study early Q3 and with an experienced mine building team Edgewater is very optimistic about the year ahead.
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 onto construction. 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 12 months and since the last resource calculation 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 the final 10,000m of infill drilling.
In an effort to advance and de-risk Corcoesto a new resource estimate will be published early Q2, 2013 to include all the infill drilling done to date. Early 2012 Edgewater commissioned internationally recognized Tetra Tech for a
final feasibility study which is expected early Q3, 2013.
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.
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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