Edgewater Exploration (EDW) - Corporate Presentation

8/6/2019 Edgewater Exploration (EDW) - Corporate Presentation

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Forward Looking StatementForward Looking Statement

Certain statements in this document constitute forward lookings a emen s w c may no e ase on s or ca ac . uc orwar

looking statements involve known and unknown risk, uncertainties andother factors which may cause the actual results, performance orachievements of the Company, or industry results to be materially

eren rom any u ure resu s, per ormance, or ac evemen sexpressed or implied by such forward looking statements. Such factorsinclude, among others, the following: actual results of exploration anddevelopment activities; the estimation or realization of mineral reservesan resources; e m ng an e amoun o u ure pro uc on; e cos sand timing of the development of new deposits; future prices of preciousand base metals; accidents; risks inherent in mineral exploration; risksassociated with development, construction and mining operations;

res r c ons on ore gn owners p; e ompany s s ory o opera nglosses and uncertainty of future profitability; uncertainty of access toadditional capital; environmental liability claims and insurance; anddependence on joint venture partners.

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Management and AdvisoryManagement and Advisory TeamTeam

George Salamis Ed FarrautoPresident & CEO

+20 years experience directing exploration,development, and mining operations of anumber of gold, base metal and coal projects

, rec or

+20 years experience as CFO and Director ofpublic companies

Directly involved in raising over $500 million

Dome and Cameco Corporation

Completed M & A transactions valued over$1B

Completed M & A transactions valued over$750 million

Greg Smith, P.GeoVice President Exploration

+23 years exploration experience working for

Doug Forster, M.Sc. P.GeoAdvisor

30+ years resource project development,

ot junior & senior mining operationsInvolved in outlining +10Moz gold discovery

M&A, equity inance an pu ic companymanagement

President & CEO of Featherstone Capital

Founder and director of several publiccompanies

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Capital Structure | March 2011Capital Structure | March 2011

Share StructureShare Structure

Kinross

Equity Ownership

Issued & Outstanding 49,790,500

Warrants

Mgmt &Insiders

Gold Corp

4%

, , .

624,780 @ $1.10 (2012)

7,806,500 @ $1.40 (2013)

11,196,280

O tions 4 827 000

34%Retail 34%

CashCash $9,000,000$9,000,000

Fully Diluted*70,958,780

*

Institutional

28%

* If Edgewater delineates a NI43-101 compliant resource of $3Moz of gold in the M&I category on the Enchi

Gold Project, then Red Back Mining can exercise an additional 2.5M warrants at $0.50 and 2.5M warrants at

$1.00 (included in the fully diluted number above).

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Edgewater ProjectsEdgewater Projects

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Corcoesto P roject | OverviewCorcoesto P roject | Overview

Located 35km W of the La Coruna, -

mining regions

100% ownershi

2010 NI43-101 Compliant Resource

Measured & Indicated: 315,000oz GoldInferred: 885,000oz Gold

7 major gold vein systems open along strike and at depth

Active drill program underway

Highlight Drill Hole to date 10E10: 10.72 g/ t Gold over 17m

Potential for both open pit and underground operations

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Corcoesto P roject | DetailsCorcoesto P roject | Details

Previous work on the project has consisted ofgeological mapping, geophysical surveying,and soil and rock eochemistr includintrenching and 42,000m of diamond and RC

drilling in +400 holes

Gold mineralization associated with quartz,

Amenable to conventional open-pit mining

(low strip ratio due to favorable topography)

Excellent infrastructure; roads and 22 Kvpower line crossing project

Permit to be resubmitted due to increase in

resource size.

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Corcoesto | 2010 Resource EstimateCorcoesto | 2010 Resource Estimate

NI 43-101 Mineral Resource Summary

(g/t Au) (x1000)

(x1000 oz)

Measured0.65 3,834 1.76 217

Indicated0.65 1,823 1.67 98

Measured + Indicated0.65 5,657 1.73 315

Inferred0.65/ 2.0 16,542 1.66 885

o a o , . m o sur ace renc ng n renc es, . m o a samp ng n a s an

42,326.2 m of diamond and RC drilling in 436 drill holes were used in the resource with sample

spacings that were less than 30 m for Measured resources, less than 40 metres for Indicated resources

and less than 195 m for Inferred resources except for Inferred resources below 200 m from surface and

for the northern two vein systems that used drill spacings of 196 m

A base cutoff grade of 0.65 g/t Au was used for reporting resources above a depth of 200 m from

surface and a cutoff grade of 2.0 g/t Au was used for reporting resources below 200 m from surface

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Corcoesto | Aerial ViewCorcoesto | Aerial View

12,000m

-

9

Diamon DriProgram

Underway

Drill RigsOnsite

$2.5M Budget

with extensiveexperience


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Corcoesto | 2010Corcoesto | 2010 --2011 Drill Results2011 Drill Results

ong u na sec onPozo del Ingles Ore Zone PI-27Cut-0ff 1.0g/t Au

Longitudinal sectionCova Crea Ore Zone PI-27

Cut-0ff 0.5 g/t Au

1.51 g/t Gold over 43.40m10.72 g/t Gold over 17m

2.66 g/t Gold over 13.3m

Dri ll HoleMineralized Intercept Length Au

Zone From To (m) (g/ t)

Hole 10E01 Peton de Lobo 25.10 30.05 4.95 1.60

. . . .

Hole 10E03 Cova Crea 155.0 167.5 12.50 0.75

Hole 10E05 Cova Crea 174.7 182.8 8.10 1.71

Hole 10E07 Cova Crea 261.2 304.6 43.40 1.51

10

Hole 10E09 Pozo De Ingles 0.00 8.60 8.60 1.29

Hole 10E10 Pozo De Ingles 164.0 181.0 17.00 10.72Hole 11E13 Pozo De Ingles 320.8 334.1 13.3 2.66


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Corcoesto | Development TimelineCorcoesto | Development Timeline

2 0 1 1 2 0 1 2

12,000m Diamond Drill Program

NI 43-101ResourceNI 43-101ResourceEstimateEstimate

cop ng u y

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$2.5 M Drilling / Scoping Budget


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2nd

largestproducerin Africa

EnchiEnchi Gold ProjectGold Project

Located in Ghana, 70km SW of the

5Moz Chirano gold mine associated

with 9km long Bibiani Shear Zone

Mid-stage exploration comprised of 8

licenses totalling 568km2

290km west of the ca ital cit Accra

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Spending $5M to earn net 51%

interest from Kinross GoldCorp(TSX:K)

accessed via sealed roads


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EnchiEnchi | Location| Location

5Moz Gold Mine

$2.5MBudget

Enchi geology is analogousto Chirano Gold mine,

12,000mDiamond Drill

ProgramUnderwa

ep gene c meso erma

quartz vein style gold

deposits2 Drill RigsOnsite

Gold mineralization is

Ashanti-type the most

important type of gold in

West Africa

Includes 16 known gold

13

40 km section of the Bibiani

Shear Zone


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EnchiEnchi | Shear Zones| Shear Zones

Similar geology following theChirano and Bibiani shearzones

40,000m of drillingconducted by previous

Abundant drill ready targets

Edgewater to focus on 3Main Zones to begin:

Boin Zone

Sewum Zone

Over 45 drill holes andtrenches > 1g/t over 10Mnot followed up

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EnchiEnchi | Key Gold Zones| Key Gold Zones

Mineralization +10km associated Over 1.5 km of continuous gold

mineralization identified

BoinBoin NyamebekyereNyamebekyere

Work by Red Back included 26trenches totalling 3,945m and 112RC drill holes totaling 13,033 m

Shallow: drilled to avg depth of less than100m

Consistent: widths of 10 20m of economic

No deep drilling has been conducted

Major resource delineation drill

program planned

As of yet, no 43-101 resource estimatedone

Completely open on-strike and at depth

Hole From(m)

To(m)

Intercept (m)

Au(g/t)

Hole From(m)

To(m)

Intercept(m)

Au(g/t)

Historical RC Drilling Results Historical RC Drilling Results*

KRC021 29 43 14 1.57

KRC027 3 14 11 3.60

KRC032 69 85 16 1.83

KBRC001 29 49 20 1.57

KBCR004 67 83 16 2.26

KBRC007 84 96 12 1.75

15

.

KRC075 12 28 16 1.66

KRC097 7 16 9 2.77

*RC drilling results greater than 1.0 g/t Au from Nyamebekyere Gold zone

.

KBRC012 31 64 33 2.1


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EnchiEnchi | Undrilled Gold Zones| Undrilled Gold Zones

Three parallel soil anomalies

EradiEradi

. .

length

Only 2 trenches totaling 435m

were completed on the

anoma es

Not drilled to date

Assayed 37m of 1.47 g/ t

Highly prospective, multiple

kilometers of strike length

Previous trench highlights:

1.14g/t over 24.2m

2.35 g/t over 11m

Obuasi-Enchi Lineament is

associated with the major

40 Moz Ashanti gold

0.70g/t over 221m1.06g/t over 17 m

0.88g/t over 50 m

1.86 /t over 17 m

east of the Enchi Project

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Land access negotiations are underway,

road construction to begin shortly


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EnchiEnchi | Project Timeline| Project Timeline

2 0 1 1 2 0 1 2

Geological Mapping, Trenching, &

NI 43-101ResourceNI 43-101ResourceEstimateEstimate

12,000m Diamond Drill Program

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Enterprise Value (US$/ oz)Enterprise Value (US$/ oz)

$259

$250

$300

)

Edgewater Exploration is currently trading

at a market value ofC$48.08/ oz of gold

$170

$155

$200

e

(US$/o

z

Au

average market value of C$87.5/oz thatwe estimate for junior gold companies.

$86 $86 $82 $81 $79 $76 $75$100

$150

Tot

alResour - Canaccord, Junior Mining Weekly, 1 February 2011

$66$59

$49

$30$19

$50EV/

AZM RN LYD OLE KGN VTR AGC EPZ BSX RVS SPM KBR OYM AYX EDW CPN

18Date February 28/2010


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SummarySummary

Ghana Enchi Gold Project: located in one of the most prolific gold

program. A 12,000m Diamond drilling program underway

Spain Advanced stage 100% controlled Corcoesto gold deposit:- , ,

Inferred, the deposit is open for resource expansion and is potentiallyamenable to low cost open pit mine development. A 12,000m Diamond

drilling program underway

Management team - in place with a proven track record of advancingundervalued gold projects and maximizing shareholder value

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Acquiring and AdvancingAcquiring and Advancing

Contact: Ryan King, Vice-President

Contact: Ryan King, Vice-PresidentPhone: 604 628 1012

Email: [email protected]: www.edge-water.com

Phone: 604 628 1012Email: [email protected]

Website: www.edge-water.com

TSX-V: EDWTSX-V: EDW

Edgewater Exploration (EDW) - Corporate Presentation

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Transcript of Edgewater Exploration (EDW) - Corporate Presentation