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On February 9th, 2012, Edgewater Exploration Ltd. (TSXV:EDW) submitted the Environmental Impact Assessment (“EIA”) for the Corcoesto Gold Project (“Corcoesto”) to the Galician Mining Authorities. This document completes the Exploitation Project application and the Reclamation Plan submitted December 30th, 2011, and follows the legal requirements set up by the European Directives and the Galician legislation. The submittal of these three documents initiates the process to obtain all required development and mining permits for the project.
On February 9th, 2012, Edgewater Exploration Ltd. (TSXV:EDW) submitted the Environmental Impact Assessment (“EIA”) for the Corcoesto Gold Project (“Corcoesto”) to the Galician Mining Authorities. This document completes the Exploitation Project application and the Reclamation Plan submitted December 30th, 2011, and follows the legal requirements set up by the European Directives and the Galician legislation. The submittal of these three documents initiates the process to obtain all required development and mining permits for the project.
As quoted in the press release:
In addition to the EIA filing, Edgewater’s in-country management have applied to have Corcoesto designated as a special “Strategic Project” with the provincial government (La Xunta de Galicia). This recently passed legislation is strong evidence of the Galician government’s commitment to assist economic development in the region. The Corcoesto project meets the criteria for this special status, based on the size of the potential mining investment in Galicia highlighted in the recently completed Preliminary Economic Assessment, in addition to the number of potential employment opportunities generated from a future mining operation envisaged at Corcoesto. If successfully awarded, the “Strategic Project” status will allow Corcoesto to be fast-tracked on several levels, including mine permitting.
Edgewater President and CEO, George Salamis, said:
“As we endeavor to advance and de-risk Corcoesto, I remain very pleased with the support and progress we are getting from the Galician government, at all levels. We will now initiate a number of public consultation sessions in conjunction with the local authorities and will work with the communities to adhere to the highest socioeconomic and environmental standards. Based on our team’s experience in Spain, we anticipate receiving our exploitation permit during the second half of 2012. Potentially even faster, if the project is awarded its “Strategic Project” status. We believe this is a significant milestone for Corcoesto and Edgewater as we simultaneously work towards a construction decision early 2013. Subject to the outcome of the Bankable Feasibility Study, we remain firmly committed to seeing Corcoesto come to fruition as Galicia’s newest gold mine and ensure that the communities surrounding Corcoesto derive maximum benefit from a future operation.”
Click here to read the Edgewater Exploration (TSXV:EDW) press release
Click here to see the Edgewater Exploration (TSXV:EDW) profile.