Edgewater Exploration Ltd. · TSXV:EDW.H
Edgewater Exploration — Technical Presentation (August 2013)
71 slides from Edgewater Exploration's technical presentation, Aug 28, 2013
Slide 1: Spain Corcoesto Gold Project
Spain Corcoesto Gold Project Galicia - Spain
Slide 2: Forward Looking Statement
Forward Looking Statement Certain statements in this document constitute “forward looking statements” which may not be based on historical fact. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievem
Slide 3: Spain Corcoesto Gold Project
Spain Corcoesto Gold Project 1. INTRODUCTION, LOCATION, HISTORY 2. GEOLOGY AND RESOURCES 3. FEASIBILITY AND MINE PLAN
Slide 4: Introduction, Location, History
Spain Corcoesto Gold Project INTRODUCTION, LOCATION, HISTORY
Slide 5: Claim Status
Spain Corcoesto Gold Project Claim Status Project Office Surface Mineral Right Type Number Granted Expiring (Ha) Emilita Exploitation Concession 1221 May-18-1912 Ago-10-2064 270,5 Ciudad de Masma Exploitation Concession 1455 June-16-1926 Ago-10-2064 305,5 Ciudad de Landró Exploitation Concession 145
Slide 6: Adjacent properties
Spain Corcoesto Gold Project Adjacent properties EDW applied for addtional Corcoesto 1.5 Moz/Gold ground along the gold belt NI 43-101 (more than 15,000 Hectares) Legend Corcoesto Exploitation Concessions. (Granted) Investigation Permits & Exploitation Concession pending of resolution. (Public T
Slide 7: Government and Community support
Spain Corcoesto Gold Project Government and Community support Support for Project Development at Local and Regional Levels Regional Government promoting Mining Industry in Galicia (www.mineriadegalicia.com) Mining Title confirmed for period of 90 years since August, 1974 (up to August, 2064)
Slide 8: Communication and PR
Spain Corcoesto Gold Project Communication and PR. (Guindeira Communication & Events) Communication Strategy based on: Transparency Engagement with Local Community , Highest level of environmental standards EDW has made presentations to: Local and Galician Government Local Political Groups
Slide 9: Municipal Support to the Mining Project
Spain Corcoesto Gold Project Municipal Support to the Mining Project Mayor’s winning campaign included support of Corcoesto Mining Project: Local Municipality will assist and support with advancing the project to construction and production. > 250 new direct jobs estimated for Life-of-Mine (9.9
Slide 10: Key Project Personnel
Spain Corcoesto Gold Project Key Project Personnel Country Manager: Lluís Boixet, (Senior Geologist) Director Corporate Affairs: Francisco Arechaga Mining Engineers: Fernando Diaz & Francisco Bellón Environment Department: Francisco Ruiz Legal Counsel: Julio Cesar Valle Project Geologist
Slide 11: Management
Spain Corcoesto Gold Project Management George Salamis Greg Smith President, Chief Executive Officer Vice President Exploration +20 years experience in the mining business directing Over 25 years in exploration and development of gold exploration, development, and mining operations. Mr. projects in
Slide 12: Project History
Spain Corcoesto Gold Project Project History Shallow pits from the Roman Times. Between 1895 and 1910: Shallow UG exploitation by the British company “Sagasta Gold Mines Ltd”. Several Companies did exploration between 1918 and 1987. 1997-2004 (RNGM): Soil Geochemistry, 18,000m of Trenching a
Slide 13: Soil Geochemistry (Au and As)
Spain Corcoesto Gold Project Au (ppb) As (ppm) 0 - 228.8 0 - 643.6 228.8 - 378 643.6 - 851 378 - 609.45 851 - 1,190 609.45 - 1,021.4 1,190 - 1,627.6 1,021.4 - 1,316.9 1,627.6 - 2,276.9 1,316.9 - 2,659.69 2,276.9 - 3,724.19 2,659.69 - 5,360 3,724.19 - 4,090 Soil Geochemistry (Au and As) KNB Detaile
Slide 14: Property Geology
Spain Corcoesto Gold Project Property Geology Local Geology Corcoesto Map, Showing lithologies and gold vein systems: Principal zones: Cova Crea, Pozo del Ingles, Petón de Lobo Office Additional structures: Lithology Leucocratic gneiss Montefurado, Fonterremula, Schists Alternating gneiss/ Pic
Slide 15: Geology and Resources
Spain Corcoesto Gold Project GEOLOGY AND RESOURCES
Slide 16: Main Gold Deposits in the Iberian Peninsula
Spain Corcoesto Gold Project Main Gold Deposits in the Iberian Peninsula Salave 2 M Oz Corcoesto 1.5 M Oz El Valle-Boinás-Carlés 3 M Oz Las Médulas Corcoesto Gold Deposit is 100% Jales/Gralheira 1.2 M Oz owned by Edgewater Penedono Exploration Ltd., since 2010. Castromil Location: Galicia, NW Sp
Slide 17: Geological map
Spain Corcoesto Gold Project Geological map Salave El Valle-Boinás-Carlés Corcoesto 1 Iberian Hercynian Massif Las Médulas 4 2 1. Cantabrian Zone Jales/Gralheira 2. West-Asturian-Leonese Zone Penedono 3. Central Iberian Zone Castromil 3 4. Galician-Tras-Os-Montes Zone 5. Ossa Morena Zone Montemor 5
Slide 18: Regional Geology
Spain Corcoesto Gold Project Regional Geology Malpica–Tuy Gold Belt Cabo Ortegal (Over 150 Km long structural zone Complex with numerous gold occurrences) Corcoesto Malpica-Tuy Belt ordenes Complex ALLOCTHONOUS COMPLEXES GTMZ SCHISTOSE DOMAIN OF GALICIA - TRAS - OS - MONTES (SDGTM) (Malpica-Tuy Go
Slide 19: Property Geology
Spain Corcoesto Gold Project Property Geology Introduction Gold Mineralization associated with Quartz veins, silicification and disseminated Apy. Related to N70E Extensional Zones (Second Order Shear) into N30E Dextral Shear Zone (First Order Shear).
Slide 20: Property Geology: Lithologies
Spain Corcoesto Gold Project Property Geology Lithologies Biotitic Gneiss Metasediments Leucocratic Gneiss. Coarse grained Leucocratic Gneiss. Fine grained Migmatites Felsitic Dyke
Slide 21: Property Geology: Mineralization
Spain Corcoesto Gold Project Property Geology Mineralization Gold mineralization consists mainly of Arsenopyrite-bearing Quartz Veins included in larger zones of silicification, commonly with sericitic and potassic alteration. Three different styles of mineralization: 1.- Sheeted Quartz Veins
Slide 22: Mineralization Styles: Sheeted Quartz Veins
Spain Corcoesto Gold Project Mineralization Property Geology Styles 1.- Sheeted Quartz Veins (N70W/70NE): Tightly spaced mm-cm Q veins,with weak Apy dissemination (<1% As). Thick mineralized zones at low grade, up to 1.95g Au/t over 41.10m, including 3.67g Au/t over 14.05m. Hosted mainly in th
Slide 23: Mineralization Styles: Discrete Quartz Veins
Spain Corcoesto Gold Project Mineralization Property Geology Styles 2.- Descrete Quartz Veins (N70E/70NW): Grey-bluish cm-dm Q Veins with fine grained disseminated Apy (>1% As). High grade in narrow zones, up to 148.50g Au/t over 1.10m (ddh 10W10) Normally, high grade veins are included in low
Slide 24: Mineralization Styles: Silicified Breccia
Spain Corcoesto Gold Project Mineralization Property Geology Styles 3.- Silicified Breccia: Grey-bluish silica with fine grained disseminated Apy (>1% As) flooding breccia zones. High grade in narrow zones, up to 46g Au/t over 1.0m. Hosted in biotitic gneiss (Pozo del Ingles West)
Slide 25: Structural control for gold mineralization
Spain Corcoesto Gold Project Property Geology DEFORMATION ELLIPSOID ASSOCIATED WITH MAIN (N30E) Structural control for DEXTRAL SHEAR gold mineralization N70E TREND Au - As SOIL ANOMALIES ANTITHETIC RIEDEL FRACTURES (N80-70W) (TRANSTENSIVE REGIME) S-C Fabric SYNTHETIC RIEDEL FRACTURES (N40-50E) (TRAN
Slide 26: Drilling Summary
Spain Corcoesto Gold Project Drilling Summary Number of Holes Total Meters EDW Diamond Drilling 278 52,940.45 (Oct-2010 up to Dec-2012) KNB Diamond Drilling 2006-2007 45 6,465.10 2005 12 2,245.15 KNB Total 57 8,710.25 RNGM Drilling Core 192 16,794.65 Reverse Circulation 31 2,366.30 RNGM Total 223 19
Slide 27: Corcoesto ddh location map
Spain Corcoesto Gold Project Corcoesto ddh location map Legend EDW Drilling Ended RNGM Old Drilling KNB RTM Lithology Leucocratic gneiss Schists Alternating gneiss/ 0 500m metasediments/migmatites Felsitic dyke Inferred contact
Slide 28: Deposit modeling: Petón de Lobo. Cross Section 4400
Spain Corcoesto Gold Project Deposit modeling: Petón de Lobo. Cross Section 4400 (Rotated) LOCATION MAP COR190 11W41 2.19g / 6.00m 0.87g / 55.00m COR202 3.45g / 11.00m 06K13 1.80g / 20.85m 11W41 1.93g / 38.70m 06K13 7.25g / 6.25m
Slide 29: Deposit modeling: Petón de Lobo. Longitudinal Section
Spain Corcoesto Gold Project Deposit modeling: Petón de Lobo. Longitudinal Section (grade x thickness)
Slide 30: Corcoesto S-N Project Cross Section (3660)
Spain Corcoesto Gold Project Corcoesto S-N Project Cross Section (3660) 5401 2.28g / 8.00m COR169 11W52 12W217 11.13g / 10.05m 4.20g / 5.70m 1.11g / 11.35m 12W219 COR209 4.39g / 11.50m COR221 5.66g / 3.50m 1.23g / 13.00m 10W02 06K33 4.27g / 6.00m 5401 2,28g / 8.00m 1.72g / 11.30m 11W48 12W222 5.43g
Slide 31: Deposit modeling: Pozo del Inglés. Cross Section 3860
Spain Corcoesto Gold Project Deposit modeling: Pozo del Inglés. Cross Section 3860 N COR82 3.28g / 5.00m 10W10 10.72g / 17.00m COR71 LOCATION MAP 6.69g / 4.00m 11W69 2.64g / 8.05m COR74 2.03g / 3.00m 11W62 2.89g / 19.70m 11W13 2.86g / 12.30m
Slide 32: Deposit modeling: Pozo del Inglés. Longitudinal Section
Spain Corcoesto Gold Project Deposit modeling: Pozo del Inglés. Longitudinal Section (grade x thickness)
Slide 33: Deposit modeling: Cova Crea. Cross Section 3660
Spain Corcoesto Gold Project Deposit modeling: Cova Crea. Cross Section 3660 5401 2.28g / 8.00m N LOCATION MAP 12W217 4.20g / 5.70m 12W219 5.66g / 3.50m 10W02 4.27g / 6,00m 11W48 5.43g / 2.10m 12W222 2.87g / 9.80m 12W226 1.80g / 14.90m 10W07 2.28g / 17.10m 12W231 3.92g / 4.50m
Slide 34: Deposit modeling: Cova Crea. Longitudinal Section
Spain Corcoesto Gold Project Deposit modeling: Cova Crea. Longitudinal Section (grade x thickness) N
Slide 35: 2013 Updated Resource Estimate (Micon International)
Spain Corcoesto Gold Project 2013 Updated Resource Estimate (Micon International, Aug 6, 2013) NI 43-101 Pit Constrained Resource Summary (0.5 & 0.8 g/t Gold Cut-off) Cutoff Tonnes Gold Contained Gold Resource Class (g/t Au) (x1000) g/t (x1000 oz) Measured 0.5 14,910 1.34 644 Indicated 0.5 9,298 1.2
Slide 36: Geological Model
Spain Corcoesto Gold Project Geological Model
Slide 37: QA / QC
Spain Corcoesto Gold Project QA / QC EDW KNB LABORATORY % EXTERNAL LAB % LAB % EXTERNAL LAB % CHEMEX OMAC AGQ ITMA CHEMEX SAMPLES 20311 90 SAMPLES 2954 90 DUPLICATES 1131 5 952 120 5 DUPLICATES 207 6 198 6 BLANKS 1136 5 BLANKS 117 4 TOTAL 22578 100 1072 5 TOTAL 3278 100 6 N
Slide 38: Exploration Upside
Spain Corcoesto Gold Project Exploration Upside Exploration Upside Potential Pozo Del Ingles Gold Zone Grade thickness long section Corcoesto Gold Project – Plan Map Open at Potential extensions Depth to structures on strike Peton de Lobo Gold Zone Grade thickness long section Current Open pit shell
Slide 39: Gold zone orientations and upside potential at depth
Spain Corcoesto Gold Project Gold zone orientations and upside potential at depth Potential Resource below pits
Slide 40: Feasibility and Mine Plan
Spain Corcoesto Gold Project FEASIBILITY AND MINE PLAN
Slide 41: Scoping Study – Preliminary Economic Assessment (Nov, 2011)
Spain Corcoesto Gold Project Scoping Study – Preliminary Economic Assessment (Nov, 2011) Alan Noble, Mining Engineer Jaye Pickarts, Metallurigical Engineer Dermot M Claffey, Geotechnical Engineer Site Visit. Resource Model Update. Open Pit Design. Plant Design – Preliminary Review. Prelimi
Slide 42: Preliminary Economic Assessment (Nov 2011)
Spain Corcoesto Gold Project Preliminary Economic Assessment (Nov 2011) Project Assumptions (US $) Gold Price $ 1,300 Dollar/Euro $ 1.38/ Euro Royalty 0.5% Capital Contingency 17.5% Discount Rate 5.0% Base Case Highlights Average Annual Gold Production 102,000 Oz Average Annual Net
Slide 43: Preliminary Economic Assessment Cost Breakdown
Spain Corcoesto Gold Project Preliminary Economic Assessment Cost Breakdown (PEA) Initial Capital Cost Breakdown (PEA) Operating Cost Breakdown Engineering and Preproduction $28.5 Open Pit ($/tonne milled) Mining (including waste and staff) $15.74 Power $4.0 Milling $14.63 Process Plan
Slide 44: Preliminary Economic Assessment Note Disclosure
Preliminary Economic Assessment Note Disclosure • CIM definition standards were followed for the resource estimate • The 2010 and 2011 resource models used an inverse-distance-power (IDP) grade estimation within a three- dimensional block model with mineralized zones defined by wireframed solids. •
Slide 45: Spanish Tax Advantages
Spain Corcoesto Gold Project Spanish Tax Advantages 1. The Spanish law has established tax advantages. The taxable income maybe reduced by up to 30% by deducting the following list of expenditures: • Exploration and development to increase mineral resources and reserves • Operating costs, investment
Slide 46: Preliminary Economic Assessment: Open Pits Location
Spain Corcoesto Gold Project Preliminary Economic Assessment: Open Pits Location
Slide 47: Project highlights and milestones for 2012/2013
Spain Corcoesto Gold Project Project highlights and milestones for 2012/2013 Drilling campaign. Completed 52,490.45m. INFILL: All drilling focused on converting inferred to Measured + Indicated STEP-OUT/DOWN DIP: Testing high grade ore shoot extensions for additional UG resources EXPLORATION
Slide 48: Environmental Timelines and licences
Spain Corcoesto Gold Project Environmental Timelines and licences ENVIRONMENTAL PERMIT ISSUED
Slide 49: Land Acquisitions and Surface Rights
Spain Corcoesto Gold Project Land Acquisitions and Surface Rights Expedited purchases as part of Strategic Industrial Status Land valuations and purchases completed by 3rd party Edgewater voluntarily offering a premium over market price Total estimated cost ~$6M Euros for life of project (50
Slide 50: EIA Approved Final Project Layout
Spain Corcoesto Gold Project EIA Approved Final Project Layout W E
Slide 51: Plant layout
Spain Corcoesto Gold Project Plant layout W E
Slide 52: Plant layout
Spain Corcoesto Gold Project Plant layout W E
Slide 53: Metallurgy
Spain Corcoesto Gold Project METALLURGY Additional Metallurgical testing completed since Nov, 2011 PEA Final process design includes Crushing Grinding Gravity Floatation W Regrinding Cyanidation and Carbon adsorbtion E Elution Electrowinning Production of Gold Dore Overall re
Slide 54: 6,000 tpd Overall Simplified Flow Sheet
Spain Corcoesto Gold Project 6,000 tpd Overall Simplified Flow Sheet 100 ton TRUCK SAG MILL ORE FEED 6000 tpd FEED O/F CRUSHED ORE 180 m3 STOCKPILE HYDRO BIN O/S Diam.44.0m CYCLONE TRASH MAGNET Water TRASH SCREEN JAW O/S U/S FEEDER CRUSHER +5mmm ORE FEED FEED BELT STOCKPILE CONVEYOR VIBRATING OPTION
Slide 55: Plant flow sheet
Spain Corcoesto Gold Project ROM STOCKPILE Plant flow sheet PRIMARY CRUSHING COARSE STOCKPILE FLOTATION REAGENTS PEBBLES MILL SAG MILL FLOTATION BALL MILL CYCLONE REGRINDING THICKENING CLASSIFYING CN LEACHING ELUTION ELECTROWINNING PROCESS WATER CIL TAILINGS GRAVITY TAILINGS FLOTATION BULLION TAILS
Slide 56: Plant Process Description
Spain Corcoesto Gold Project Plant Process Description The Corcoesto treatment plant has capacity to treat 6.000 t/day of the orebody from Corcoesto. The plant consists of the following areas: crushing, grinding, gravimetric circuit, flotation, CIL (carbon in leach), gold recovery (carbon elution, e
Slide 57: Organization Chart
Spain Corcoesto Gold Project Organization Chart DIRECTOR OF OPERATIONS MANAGING DIRECTOR PRODUCTION MANAGER FINANCIAL DIR. ENVIRONMENTAL DIRECTOR OF PLANT DIR. MINING DIRECTOR LEGAL MANAGER GEOLOGICAL EXP. MANGER H&S MANAGER
Slide 58: Spain Corcoesto Gold Project
Spain Corcoesto Gold Project W E
Slide 59: Project Location
PROJECT LOCATION PROJECT LOCATION
Slide 60: Overview: Gold Veins Location
Overview GOLD VEINS LOCATION
Slide 61: Preoperational Tasks
PREOPERATIONAL TASKS 18 MONTHS ROADS AND ACCESS CONSTRUCTION PLANT CONSTRUCTION LOURIDO DEVIATION CANAL CONSTRUCTION
Slide 62: Phase 1
PHASE 1 1,4 YEARS ROADS AND ACCESS CONSTRUCTION TO THE NEXT EXPLOITATION AREAS. DEVELOPMENT AND OPERATION OF THE COVA CREA PIT. OPENING OF POZO DEL INGLES PIT. SOUTH WASTE DUMP CONFIGURATION FLOTATION TAILS DAM LIXIVIATION TAILS DAM TAILINGS DAM DYKES CONSTRUCTION AND WATERPROOFING TAILINGS DAM AREA
Slide 63: Phase 2
PHASE 2 1,9 YEARS ROADS AND ACCESS CONSTRUCTION TO THE NEXT EXPLOITATION AREAS DEVELOPMENT AN OPERATION OF THE POZO DEL INGLEÑS PIT. COVA CREA PIT BACK FILL AND WASTE DUMP CONFIGURATION IN COVA CREA AREA
Slide 64: Phase 3
PHASE 3 0,6 YEARS DEVELOPMENT AND OPERATION OF THE PICOTOS PIT PARTIAL BACK FILL OF THE POZO DEL INGLES PIT
Slide 65: Phase 4
PHASE 4 1 YEAR PICOTOS WASTE DUMP CONFIGURATION AND REMODELING PICOTOS WASTE DUMP REVEGETATION DEVELOPMENT AND OPERATION OF THE PETON DE LOBO PIT
Slide 66: Phase 5
PHASE 5 3,3 YEARS DEVELOPMENT AND OPERATION OF THE PETÓN DE LOBO PIT SOUTH WASTE DUMP FINAL CONFIGURATION AND REMODELING.
Slide 67: Final Restoration and Closure
FINAL RESTORATION AND CLOSURE PETON DE LOBO PIT RESTORATION SOUTH WASTE DUMP REVEGETATION. TAILINGS DAM RESTORATION
Slide 68: Final site layout
Spain Corcoesto Gold Project Final site layout PICOTOS WASTE DUMP SOUTH WASTE DUMP PETÓN DE LOBO LAKE TAILING
Slide 69: Final site layout
Spain Corcoesto Gold Project Final site layout
Slide 70: Final site layout
Spain Corcoesto Gold Project Final site layout
Slide 71: Spain Corcoesto Gold Project
Friday, January 11, 2013 Spain Corcoesto Gold Project
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