Edgewater Exploration is a Canadian-based small cap mining company focused on building a portfolio of undervalued mid stage gold assets worldwide. Edgewater has acquired the advanced stage Corcoesto gold asset through the acquisition of Rio Narcea Gold Mines in the Autonomous region of Galacia, Spain. The project is well located with excellent access to roads, power and a nearby local skilled work
force. The project has had over 40,000 m of drilling and Rio Narcea completed extensive environmental baseline studies in order to receive a small scale exploitation permit which will benefit Edgewater when entering the process for permit expansion. On August 05, 2010 Edgewater announced an updated NI 43-101 resource on the Corcoesto Gold Deposit outlining a total Measured, Indicated and Inferred resource of 1.2 M ozs. On October 20, 2010 the company commenced a 12,000 metre drill program aimed at expanding and infilling the resource. With all junior mining companies management is key to success and Edgewater has successfully assembled a strong in-country geological team with extensive knowledge of the gold deposit and existing relationships with the government officials. Additionally, Edgewater has successfully executed a right to earn the majority stake on the Enchi Gold Project, located on the well known Bibiani gold trend in Ghana, West Africa. The Bibiani trend hosts significant gold deposits including The Bibiani Gold Mine, produced over 10M oz and has approximately 5M oz in resource and The Chirano Gold Mine(Kinross) roughly 70km NorthEast of the Enchi. Previous operator Red Back Mining completed extensive soil sampling programs and over 30,000 metres of RC and RAB drilling on the 500+ sf km Enchi land package. Red Back identified over 16 gold zones that have intersected gold mineralization from surface and need to be followed up to further define the potential at Enchi. Edgewater will spend $5M over the next 26 months to advance the project and earn their net 51% interest on the project. To accomplish the earn-in Edgewater commenced an exploration program in Q4, 2010 leading to a 12,000 m drilling program which began Jan. 2011. On March 23, 2011 Edgewater increased the drilling program to 35,000 m, inorder to drill multiple gold zones in-parallel, for the purpose of resource delineation, while reserving one rig for testing additional high priority gold targets where previous drilling has been sparse or absent. 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 entrepreneurialism 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.
