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8/6/2019 Edgewater Exploration (EDW) - Corporate Presentation
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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: rking@edge-water.comWebsite: www.edge-water.com
Phone: 604 628 1012Email: rking@edge-water.com
Website: www.edge-water.com
TSX-V: EDWTSX-V: EDW
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