Spain Grants Leases for Edgewater’s Corcoesto Project

17 February 2011 (Last Updated February 17th, 2011 18:30)

Canada's Edgewater Exploration has been granted 90-year mining leases for the Corcoesto gold project in Galicia, Spain. Galician Government authorities have granted three central mining leases for Corcoesto's Emilita, Ciudad de Landro and Ciudad de Masma deposits, with their terms define

Canada's Edgewater Exploration has been granted 90-year mining leases for the Corcoesto gold project in Galicia, Spain.

Galician Government authorities have granted three central mining leases for Corcoesto's Emilita, Ciudad de Landro and Ciudad de Masma deposits, with their terms defined as 90 years from 10 August 1974 to 10 August 2064.

The Energy and Mines Service, under the direction of the Conselleria of Economy and Industry, of the Territorial Department of A Coruna, Galicia, has issued the new title documents.

The Corcoesto project contains a measured and indicated resource of 315,000oz of gold at a 0.65g/t Au cutoff.