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Edgewater Exploration Ltd. (CVE:EDW) announced the engagement of the Spanish Engineering firm CRN SA for initiating study for the future construction of an underground ramp at its Corcoesto, gold deposit located in Galicia, Spain.
The press release is quoted as saying:
The proposed development of an underground ramp will provide access to complete underground infill drilling for the purposes of upgrading inferred gold resources to a measured and indicated category and also provide bulk samples for additional metallurgical testing. In addition, the ramp could also potentially serve as future access for underground mining and deeper drill exploration below the currently known depths of the deposit. Meetings with the local mining and environmental authorities and with the municipality have been held in order to accelerate the permitting for the start of the ramp construction. Edgewater has committed to make every effort to employ local workers from the surrounding municipality for its contractors and ramp construction.
Edgewater’s President & CEO, George Salamis said:
“Initiating the engineering for potential underground ramp construction to probe the deeper depths of the Corcoesto deposit signals a key transition of the project from mid-stage exploration to advanced exploration and near-term development. Subject to further studies by our various engineering consultants, future underground ramp development could significantly enhance the economic viability of the Corcoesto Project when viewed in parallel to open pit mining.”
Click here to access the entire news release.
Click here to access Edgewater’s company profile.(TSXV:EDW)