Analyst Research Report Snapshot

Title:

EDGEWATER EXPLORATION - SPANISH GOLD DEPOSIT

Price:

$10.00

Provider:

Edison Investment Research

Date:

01 Mar 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

EDW.V

Available for Immediate Download
Summary:

Edgewater Exploration recently held an analyst and investor site visit on its 100%-owned Corcoesto gold property in north-west Spain. The project has been progressing well and recently had its EIS approved. Importantly, Corcoesto has been processed as a strategic industrial project and full approval is expected in March. As a result, the project will have expedited timelines and priorities concerning water and energy access. The Corcoesto gold deposit has an NI 43-101 compliant resource of 26Mt grading at 1.76g/t Au, containing 1.47Moz Au. Although 78% of the resource currently lies in the inferred category, Edgewater’s recent infill-drilling programme forms the basis of an updated resource estimate that will be released by early-March 2013. Management also expects development of the c US$160m open-pit mine and processing plant during Q3/Q413, with production in Q115.

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