Jan 16 2013
Edgewater Exploration Ltd. ("Edgewater" or the "Company") is pleased to announce that the Galician Government, Spain, have finalized their internal Environmental Impact Statement (EIS) approvals process on Corcoesto, with the publishing of a signed resolution in the Official Galician Bulletin.
This is the final step which makes the EIS official within all levels of government, with immediate effect. The General Director of Industry, Energy and Mines, Mr. Angel Bernardo Tahoces, signed this final resolution approving the EIS.
George Salamis, President and CEO, stated, "On December 17, 2012, Edgewater reported that the Ministry of Environment had approved the Corcoesto Gold Project's Environmental Impact Statement. This approval of the EIS addressed all aspects of the Corcoesto Gold Project to proceed forward including site layout, plant design, open pit mining, and tailings and waste storage facility - essentially everything that we need to develop and operate a gold mine. This final signature and publishing of the EIS by the General Director of Industry, Energy and Mines is the final step in the EIS approval process, which took approximately 12 months from start to finish." Mr. Salamis also added "The next step for our Company is to complete an updated resource estimate on Corcoesto since our last resource was published in early 2011. The upcoming resource estimate due to be completed in January, 2013 will form an integral part of our on-going Feasibility Study on the Corcoesto Project and will benefit from having completed 256 diamond drill holes totaling 45,000 metres of infill drilling since the previous estimate."