Resource Clips - essential news on junior gold mining and junior silver miningEdgewater Exploration Ltd TSXV:EDW announced assays from its Corcoesto Gold Project in northwest Spain. Results include

1.09 grams per tonne gold over 57.8 metres
1.77 g/t gold over 16.2 metres
1.29 g/t gold over 47.4 metres
1.05 g/t gold over 43.7 metres
2.27 g/t gold over 18 metres
44.38 g/t gold over 2 metres
4.11 g/t gold over 7 metres
1.18 g/t gold over 23.1 metres
1.12 g/t gold over 23.5 metres
2.27 g/t gold over 10.4 metres

The Corocesto Gold Project is located in Galicia province, Spain. Edgewater expects a feasibility study to be released 4Q 2012, and the company has requested that the provincial government designate Corocesto a “Strategic Project.” A November 2011 Preliminary Economic Assesssment estimated a 10-year mine life producing over 100,000 ounces gold annually at $713 per ounce, a $206 million NPV using $1,300 gold and a 24% IRR.

View Company Profile

Ryan King
Vice-President
604.628.1012

Read an interview with President George Salamis

by Kevin Michael Grace

This article was posted by Kevin Michael Grace – Resource Clips on Thursday, June 7th, 2012 at 8:29 am.

Comments

Leave a Reply

You must be logged in to post a comment.