The Conversation (0)
Edgewater Exploration Ltd.(TSXV:EDW) announced that it completed the earn-in option as set out in the May 2010 Option Agreement with Kinross Gold Corp. Edgewater now hold a 51% interest in the Enchi Gold project.
Edgewater Exploration Ltd.(TSXV:EDW) announced that it completed the earn-in option as set out in the May 2010 Option Agreement with Kinross Gold Corp. Edgewater now hold a 51% interest in the Enchi Gold project.
As quoted in the press release:
Edgewater and Kinross will now share all future exploration and development expenditures pro-rata. Kinross and Edgewater have approved a $3.0 million exploration budget for the first six months of 2012. Edgewater will continue to be the operator of the Project for as long as Edgewater holds the largest equity stake in the JVCO.
Edgewater, President and CEO, said:
We are pleased to have completed our earn-in on the Enchi gold project and look forward to advancing the property in conjunction with Kinross who operates, through a local subsidiary, the Chirano gold mine located north of Enchi. The Enchi gold project hosts widespread gold mineralization similar in style to gold zones being mined at Chirano and we are currently conducting resource delineation drilling on three advanced gold targets.
Click here to read the Edgewater Exploration Ltd. (TSXV:EDW) press release
Click here to see the Edgewater Exploration Ltd. (TSXV:EDW) profile