EDGEWATER EXPLORATION ENGAGES MICON INTERNATIONAL, GOLDER ASSOCIATES AND KD ENGINEERING TO COMPLETE FEASIBILITY STUDY AT THE ...
March 11 2013 - 8:00AM
OTC Markets
1820 –
999 West Hastings Street
Vancouver, British Columbia V6C 2W2
EDGEWATER
EXPLORATION ENGAGES MICON INTERNATIONAL, GOLDER ASSOCIATES AND KD
ENGINEERING
TO COMPLETE FEASIBILITY STUDY AT THE CORCOESTO GOLD PROJECT,
GALICIA, SPAIN
March
11, 2013
TSX-V: EDW
OTCQX:
EDWZF
Vancouver, British
Columbia: Edgewater
Exploration
Ltd.
("Edgewater"
or the "Company") is pleased to
announce
the engagement of mining consultants Micon International
("Micon"),
KD Engineering ("KD") and a subsidiary of Golder Associates
(“Golder
Espana”) to prepare and deliver a definitive feasibility study
and
feasibility-level engineering design for the Corcoesto Gold
Project
(“Corcoesto”). The feasibility study has been underway for several
months and
the new lead engineering firm, Micon, will incorporate all data
previously
generated for the study. Edgewater
expects the study to be completed Q3,
2013.
Micon will
author the feasibility study
and KD will complete the feasibility-level engineering of the
processing
facility and mine site infrastructure as well as contribute to the
feasibility
study. Golder Espana will complete the engineering design on the
proposed
tailings facility at Corcoesto.
George
Salamis, President and CEO stated:
“We have recently chosen to complete the Corcoesto Gold Project
feasibility
study with Micon International, KD Engineering and Golder
Associates. Edgewater’s
management team have completed several feasibility studies, built a
number of
gold projects as well as managed gold production. We have combined
over 80
years experience and we feel this is the most appropriate technical
and effective
move for our shareholders. We have an excellent project and I am
confident we
will complete our Final Feasibility Study during Q3 this
year.”
Micon has
provided consulting services to
the international mining industry since 1988, with particular focus
upon
mineral resource estimation, metallurgical services, mine design
and production
scheduling, preparation of pre-feasibility and feasibility studies,
independent
reviews of mining and mineral properties, independent engineer
services,
economic analysis and litigation support.
Micon will
immediately commence resource
estimation of the Corcoesto gold deposit using resource
information, geological
data and interpreted wireframes which have been generated by the
Company over
the past several months. It is expected that the updated resource
estimate will
be delivered during Q2, 2013. This resource estimate will
incorporate approximately
50,000 meters of in-fill drilling conducted on a drill spacing of
25m x 25m,
completed during 2012.
Edgewater
has terminated its engagement
with Tetra Tech in its role as the lead engineering firm on the
Corcoesto Gold
Project.
Corcoesto was the focus
of a PEA conducted
in late 2011. The results from the PEA can be found on our website
at www.edgewaterx.com.
About Edgewater Exploration
Ltd.
Edgewater is a mineral development
and
exploration company focused on the development of precious
metal
properties.
Edgewater
has an experienced mine building and operating team with a track
record of
success. The
Company is currently developing the Corcoesto Gold Project in
northwest Spain,
and exploring the Enchi Gold Project in Ghana, West
Africa.
On behalf of the board of
EDGEWATER
EXPLORATION LTD.
"George Salamis"
George Salamis, President and
CEO
For further information, please
contact:
Ryan King, Vice President
rking@edgewaterx.com
Telephone: (604)
628-1012
"Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of
the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy
of this release.
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