Edgewater Exploration (TSX.V - EDW) Corporate Presentation

978 views

Published on

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 workforce.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
978
On SlideShare
0
From Embeds
0
Number of Embeds
118
Actions
Shares
0
Downloads
11
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Edgewater Exploration (TSX.V - EDW) Corporate Presentation

  1. 1. July 2011
  2. 2. Forward Looking StatementCertain statements in this document constitute “forward lookingstatements” which may not b b t t t ” hi h t be based on hi t i l f t S h f d historical fact. Such forward dlooking statements involve known and unknown risk, uncertainties andother factors which may cause the actual results, performance orachievements of the Company, or industry results to be materiallydifferent fdiff t from any f t future results, performance, or achievements lt f hi texpressed or implied by such forward looking statements. Such factorsinclude, among others, the following: actual results of exploration anddevelopment activities; the estimation or realization of mineral reservesand resources; th ti i d the timing and th amount of f t d the t f future production; th costs d ti the tand timing of the development of new deposits; future prices of preciousand base metals; accidents; risks inherent in mineral exploration; risksassociated with development, construction and mining operations;restrictions on f t i ti foreign ownership; th C i hi the Company’s hi t ’ history of operating f tilosses and uncertainty of future profitability; uncertainty of access toadditional capital; environmental liability claims and insurance; anddependence on joint venture partners. 2
  3. 3. Edgewater TeamGeorge Salamis Edward FarrautoPresident & CEO, Director CFO•+20 years experience directing exploration, •+20 years experience as CFO and Director of development, and mining operations of a public companies number of gold, base metal and coal projects •Directly involved in raising over $500 million•Senior Management positions with Placer of equity and debt Dome and Cameco Corporation •Completed M & A transactions valued over•Completed M & A transactions valued over $750 million $1BGreg Smith, P.Geo Doug Forster, M.Sc. P.GeoVice President Exploration Director•+23 years exploration experience working for •30+ years resource project development, both b h junior & senior mining operations M&A, equity finance and public company & f d bl management•Involved in outlining +10Moz gold discovery •President & CEO of Featherstone Capital •Founder and director of several public companies 3
  4. 4. Capital Structure | July 2011 Equity Ownership Share Structure Kinross Gold Corp 5% Issued & Outstanding 66,680,687 Mgmt & Warrants Insiders 6,875,000 @ 1.10 (2013) Retail 38% 19% ’15,451,280 624,780 @ $1.10 (2012) 7,806,500 @ $1.40 (2013) Options p 5,077,000 , , Institutional 38% Fully Diluted* 92,208,967* Cash , , $18,500,000* If Edgewater delineates a NI43-101 compliant resource of 3Moz of gold in the M&I category on the EnchiGold Project, then Kinross can exercise an additional 2.5M warrants at $0.50 and 2.5M warrants at $1.00(included in the fully diluted number above). 4
  5. 5. Edgewater Projects 5
  6. 6. Corcoesto Project | Overview• Located 35km W of the La Coruna in NW Spain, one of the most pro- Spain pro mining regions• 100% ownership p• 2011 NI43-101 Compliant Resource – Measured & Indicated: 325,000oz Gold , Inferred: 1,149,000oz Gold• 7 major gold vein systems open along strike and at depth• Active drill program underway – Highlight Drill Hole to date 10E10: 10.72 g/t Gold over 17m• Potential for both open pit and underground operations 6
  7. 7. Corcoesto Project | Details• Previous work on the project has consisted of geological mapping, geophysical surveying, and soil and rock geochemistry including g y g trenching and 42,000m of diamond and RC drilling in +400 holes• Gold mineralization associated with quartz veins, veins quartz breccias and silicification• Amenable to conventional open-pit mining• Excellent infrastructure; roads and 22 Kv power line crossing project• Currently permitted for small scale mining • Permit to be resubmitted due to increase in resource size. 7
  8. 8. Corcoesto | 2011 Resource Estimate NI 43-101 Mineral Resource SummaryResource Class Cutoff Tonnes g/t Gold Contained Gold (g/t Au) (x1000) (x1000 oz)Measured 0.65 3,899 1.77 222Indicated 0.65 1,823 1.69 103Measured + Indicated 0.65 5,783 1.74 325Inferred 0.65/2.0 20,265 1.76 1,149• A total of 1 101 9 m of surface trenching in 55 trenches, 443.1 m of adit sampling i 4 adits and t t l f 1,101.9 f f t hi i t h 443 1 f dit li in dit d 42,326.2 m of diamond and RC drilling in 436 drill holes were used in the resource with sample spacing’s that were less than 30 m for Measured resources, less than 40 metres for Indicated resources and less than 195 m for Inferred resources except for Inferred resources below 200 m from surface and for the northern two vein systems that used drill spacing’s of 196 m• A base cutoff grade of 0.65 g/t Au was used for reporting resources above a depth of 200 m from surface and a cutoff grade of 2.0 g/t Au was used for reporting resources below 200 m from surface 8
  9. 9. Corcoesto | Aerial View Pozo Del Ingles g Peton De Lobo Gold Zone Gold Zone Cova Crea Gold Zone 12,000m In country In-country TeamDiamond D illDi d Drill 1 Drill Rigs D ill Ri $2.5M Budget with extensive Program Onsite experience Underway 9
  10. 10. Corcoesto | 2010 -2011 Drill Results Longitudinal section Pozo del Ingles Ore Zone PI-27 Cut-0ff 1.0g/t Au Longitudinal sectionCova Crea Ore Zone PI-27 Cut-0ff 0.5 g/t Au 1.51 g/t Gold over 43.40m 10.72 g/t Gold over 17m 2.66 g/t Gold over 13.3m Mineralized Intercept Length Au Drill Hole Zone From To (m) (g/t) Hole 10E01 Peton de Lobo 25.10 30.05 4.95 1.60 Hole 10E02 Cova Crea 159.0 159 0 165.0 165 0 6.00 6 00 4.27 4 27 Hole 10E03 Cova Crea 155.0 167.5 12.50 0.75 Hole 10E05 Cova Crea 174.7 182.8 8.10 1.71 Hole 10E07 Cova Crea 261.2 304.6 43.40 1.51 Hole 10E09 Pozo De Ingles 0.00 8.60 8.60 1.29 Hole 10E10 Pozo De Ingles 164.0 181.0 17.00 10.72 Hole 11E13 Pozo De Ingles 320.8 334.1 13.3 2.66 10
  11. 11. Corcoesto | Development Timeline 2011 2012Q1 Q2 Q3 Q4 Q112,000m Diamond Drill Program Engineering Scoping Study $2.5 M Drilling 11
  12. 12. 2nd largest producer in Africa Enchi Gold Project• Located in Ghana, 70km SW of the • Mid-stage exploration comprised of 8 5Moz Chirano gold mine associated licenses totalling 568km2 with 9km long Bibiani Shear Zone • 290km west of the capital city Accra,• Spending $5M to earn net 51% accessed via sealed roads interest from Kinross Gold Corp(TSX:K) 12
  13. 13. Enchi | Location• Analogous to Chirano Gold Mine• Includes 16 known targets along a 40km section of the Bibiani Shear• Key Target Areas:  Boin  Nyam y  Sewum  Eradi 13
  14. 14. Enchi Gold Project• Similar geology following the Chirano and Bibiani shear zones• 40,000m of drilling conducted by previous operators• Abundant drill ready targets• Over 45 drill holes and trenches > 1g/t over 10m not followed up 14
  15. 15. Enchi | Nyam Target • +1.5 km of continuous gold mineralization identified • Shallow: drilled to avg depth of less than 100m • Consistent: widths of 10 – 20m of economic grade gold intercepted in previous drilling • No 43 101 resource estimate done 43-101 • Open on-strike and at depth RC Drilling Results* Hole From To Intercept Au (m) (m) (m) (g/t) KRC027 3 14 11 3.60 KRC032 69 85 16 1.83 KRC065 15 24 9 1.92 KRC075 12 28 16 1.66 KRC097 7 16 9 2.77 *RC drilling results greater than 1.0 g/t Au from Nyamebekyere Gold zoneCross Section 15320N 15
  16. 16. Enchi | Boin Target • Mineralization +10km associatedBoin Cross Section with the Bibiani Shear Zone • Work by Red Back included 26 trenches totaling 3,945m and 112 3 945m RC drill holes totaling 13,033 m • No deep drilling has been conducted • Major resource delineation drill program planned RC Drilling Results g Hole From To Intercept Au (m) (m) (m) (g/t) KBRC001 29 49 20 1.57 KBRC004 67 83 16 2.26 KBRC007 84 96 12 1.75 KBRC008 26 56 30 1.92 KBRC012 31 64 33 2.1 16
  17. 17. Enchi | Eradi & Sewum Targets Eradi• Three parallel soil anomalies each approx 3 2km strike approx. 3.2km length• Only 2 trenches totaling 435m Sewum were completed on the anomalies li • Highly prospective, Hi hl ti multiple kilometers of• Not drilled to date strike length defined• Assayed 37m of 1.47 g/t • Previous trench highlights: gold in trenches 1.14g/t over 24.2m• Obuasi-Enchi Lineament is 2.35 g/t over 11m associated with the major 0.70g/t over 221m 40 Moz Ashanti gold deposit located 100 km 1.06g/t over 17 m g/ east of the Enchi Project 1.48g/t over 78m 1.86g/t over 17 m • Mineralized breccia intercepted in our first few Sewum drill holes, assays pending 17
  18. 18. Enchi | Sewum South Target New Discovery S N Di Sewum S th South Hole From To Intercept Au (m) (m) (m) (g/t) SWDD001 57 86 29 2.01 SWDD003 101 118 17 1.59 SWDD004 47 73 26 1.15 • Sewum South has some of the highest g Geo-chem anomalies on the Enchi Project • Sewum Gold Zone has a total strike length of over 7km Sewum South Drill Core Assays Pending >20 drill holesSWDDH001 2 01 /t over 29 2.01g/t 29m 18
  19. 19. Enchi Progress • To date a total of 5,000m and 27 trenches have been completed by Edgewater • Boin – 700m of a 3km strike has been drilled to a avg depth of 50m (drilling underway) • Nyam – 1.7 km of strike drilled to an avg depth of 50m • Both are open along strike and at depth (excellent continuity, leading to a gold resource during H2 2011 • Drilling program has been expanded to 35,000m • Sewum (new zone) Multiple undrilled trenches with grades up to 1.48g/t gold over 78m (drilling now underway) Edgewater Diamond Drill Results Edgewater Diamond Drill Results BOIN GOLD ZONE NYAM GOLD ZONE Hole From To Intercept Au Hole From To Intercept Au (m) (m) (m) (g/t) (m) (m) (m) (g/t)KBDDH002 32 41 9 2.74 NBDDH021 69 80 11 4.75KBDDH003 44 68 24 1.72 NBDDH018 31 65 34 1.13KBDDH009 41 65 24 1.58 NBDDH013 43 64 21 1.04KBDDH010 15 27 12 2.91 2 91 NBDDH001 47 61 14 1.13 1 13KBDDH011 45 79 34 1.41 NBDDH002 55 62 7 1.68KBDDH013 10 34 24 1.42 19
  20. 20. Enchi | Project Timeline 2011 2012Q1 Q2 Q3 Q4 Q1Geological Mapping, Trenching, & Soil Sampling “Initial” NI 43-101 Prioritizing Drill Targets Resource Estimate 35,000m Diamond Drill Program 20
  21. 21. Enterprise Value (US$/oz)$300 Edgewater E l Ed t Explorations peer review group ti i averages $84/oz (EV/Resources)$250 Edgewater Exploration is currently valued at $33/oz$200$150$100$50 $0 Date July 13/2011 21
  22. 22. Summary• Ghana – Enchi Gold Project: located in one of the most prolific gold regions of the world; major resource delineation and new gold target drilling program. A 35,000m Diamond drilling program underway• Spain – Advanced stage 100% controlled Corcoesto gold deposit: hosts a recently updated NI 43 101 M&I resource of 325 000 oz Gold with 43-101 325,000 1,149 oz Gold of Inferred, the deposit is open for resource expansion and is potentially amenable to low cost open pit mine development. A 12,000m Diamond drilling program underway. Edgewater recently commenced a scoping study on Corcoesto to be completed H2 2011 H2, 2011.• Management team - in place with a proven track record of advancing undervalued gold projects and maximizing shareholder value 22
  23. 23. Acquiring and AdvancingUndervalued Worldwide Gold Assets Contact: Ryan King, Vice-President Phone: 604 628 1012 Email: rking@edgewaterx.com Website: www.edgewaterx.com TSX-V: EDW

×