Edgewater Exploration Ltd. (EDWZF: OTC Link) | EDGEWATER SUBMITS ENVIRONMENTAL IMPACT ASSESSMENT FOR CORCOESTO AND APPLIES FOR SPECIAL “STRATEGIC PROJECT” STATUS

EDGEWATER SUBMITS ENVIRONMENTAL IMPACT ASSESSMENT FOR CORCOESTO AND APPLIES FOR SPECIAL “STRATEGIC PROJECT” STATUS

Mar 02, 2012

OTC Disclosure News Service

Vancouver, BC, Canada – <![CDATA[]]>

Vancouver, British Columbia: Edgewater Exploration Ltd.(“Edgewater” or the “Company”) is pleased to announce that datedFebruary 9th, 2012, the Company has submitted to the Galician MiningAuthorities the Environmental Impact Assessment (“EIA”) for the Corcoesto GoldProject (“Corcoesto”). This document completes the Exploitation Projectapplication and the Reclamation Plan submitted December 30th, 2011,and follows the legal requirements set up by the European Directives and the Galicianlegislation. The submittal of these three documents initiates the process to obtainall required development and mining permits for the project.

 

In addition to the EIA filing,Edgewater’s in-country management have applied to have Corcoesto designated as aspecial “Strategic Project” with the provincial government (La Xunta deGalicia).  This recently passed legislation is strong evidence of theGalician government’s commitment to assist economic development in theregion.  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 EconomicAssessment, in addition to the number of potential employmentopportunities generated from a future mining operation envisaged at Corcoesto.If successfully awarded, the “Strategic Project” status will allow Corcoesto tobe fast-tracked on several levels, including mine permitting.

 

President and CEO George Salamisstated, “As we endeavor to advance and de-risk Corcoesto, I remain very pleasedwith the support and progress we are getting from the Galician government, atall levelsrking@edgewaterx.com

Telephone: (604) 628-1012

 

“Neither the TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy ofthis release.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/EDWZF/news?id=43228

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