2. Forward Looking Statement
Certain statements in this document constitute “forward looking statements” which may not
be based on historical fact. Such forward looking statements involve known and unknown
risk, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company, or industry results to be materially different from any future
results, performance, or achievements expressed or implied by such forward looking
statements. Such factors include, among others, the following: actual results of exploration
and development activities; the estimation or realization of mineral reserves and resources;
the timing and the amount of future production; the costs and timing of the development of
new deposits; future prices of precious and base metals; accidents; risks inherent in mineral
exploration; risks associated with development, construction and mining operations;
restrictions on foreign ownership; the Company’s history of operating losses and uncertainty
of future profitability; uncertainty of access to additional capital; environmental liability
claims and insurance; and dependence on joint venture partners.
Mr. Gregory Smith, P. Geo., Vice President of Exploration for Edgewater Exploration Ltd., is
the qualified Person as defined by NI 43-101 and has prepared and approved the technical
data and information in this presentation
3. Spain Corcoesto Gold Project
1. INTRODUCTION, LOCATION, HISTORY
2. GEOLOGY AND RESOURCES
3. FEASIBILITY AND MINE PLAN
5. Spain Corcoesto Gold Project
Claim Status
Project Office
Mineral Right
Type
Emilita
Exploitation Concession
Ciudad de Masma Exploitation Concession
Ciudad de Landró Exploitation Concession
Number
1221
1455
1454
Granted
Expiring
May-18-1912 Ago-10-2064
June-16-1926 Ago-10-2064
June-16-1926 Ago-10-2064
Surface
(Ha)
270,5
305,5
197,6
6. Spain Corcoesto Gold Project
Adjacent properties
EDW applied for addtional
ground along the gold belt
(more than 15,000 Hectares)
Legend
Corcoesto Exploitation
Concessions. (Granted)
Investigation Permits &
Exploitation Concession
pending of resolution.
(Public Tender)
Investigation Permits
pending of granting.
Corcoesto 1.5 Moz/Gold
NI 43-101
7. Spain Corcoesto Gold Project
Government and Community support
Support for Project Development at Local
and Regional Levels
Regional Government promoting Mining
Industry in Galicia
(www.mineriadegalicia.com)
Mining Title confirmed for period of 90 years
since August, 1974 (up to August, 2064)
EDW and drilling companies employing local
people
Company sponsoring local celebration at
Corcoesto and other events.
Support for Project development from the
local community
RECENT POLL (August, 2012)
80% OF NEIGHBOURING
MUNICIPALITIES IN FAVOUR OF
MINING PROJECT
8. Spain Corcoesto Gold Project
Communication and PR. (Guindeira Communication & Events)
Communication Strategy based on:
Transparency
Engagement with Local Community ,
Highest level of environmental standards
EDW has made presentations to:
Local and Galician Government
Local Political Groups
Main Environmental Galician Group
Corcoesto Local Community
W
EDW has also contacted:
Local Social-Economic Associations
Local Press and Journalists
Galician University experts
Environmental groups
Conclusions:
Excellent reception from all groups to the
companies transparency
Excellent Reception to the Mining Project
E
9. Spain Corcoesto Gold Project
Municipal Support to the Mining Project
Mayor’s winning campaign
included support of Corcoesto
Mining Project:
Local Municipality will assist and
support with advancing the project
to construction and production.
> 250 new direct jobs estimated for
Life-of-Mine (9.9 years)
plus 500+ jobs during construction
Associated spin-off jobs projected
to be 3-4x the number of direct jobs
Hundreds of people waited several
hours in line to deliver their resumes
to work at the Corcoesto Gold
Project, which opened an office in
Coristanco (March)
W
E
10. Spain Corcoesto Gold Project
Key Project Personnel
Country Manager:
Lluís Boixet, (Senior Geologist)
Director Corporate Affairs: Francisco Arechaga
Mining Engineers:
Fernando Diaz
& Francisco Bellón
Environment Department:
Francisco Ruiz
Legal Counsel:
Julio Cesar Valle
Project Geologist:
Carmen Sorribas
Exploration Geologist:
David Rodriguez
Senior Logistics assistant:
Amancio López
Prep. Lab. Manager:
Jesús Antonio López
GIS Department:
Pedro Cuervo
Local Accountant:
Ana Suárez
11. Spain Corcoesto Gold Project
Management
George Salamis
President, Chief Executive Officer
+20 years experience in the mining business directing
exploration, development, and mining operations. Mr.
Salamis has held senior management positions with
Placer Dome and Cameco and has completed M&A
transactions valued over $1B
John Thomas
Chief Operating Officer
Over 40 years in mining industry world wide.
Managed similar sized open pit gold projects
including; Bolivar GoldFields and Bolivar Gold Corp.
projects
Lluís Boixet
Greg Smith
Vice President Exploration
Over 25 years in exploration and development of gold
projects in all stages of development. Previously
involved develop and production assets
Francisco Arechaga
Director of Corporate Affairs
Mining Engineering with over 30 years in the Galician
Mining Industry. Previously Mr. Arechaga held the
position of Chief Director of the Mina de Puentes, the
largest open pit mine in Galicia
Fernando Díaz Riopa
Country Manager
Over 25 years in exploration and development of gold
and base metal projects in the Iberian Peninsula
Corcoesto operation manager
Over 20 years in development, operation and
closure of gold and base metal projects in Spain,
Africa and Central America
Julio Cesar Valle
Francisco Ruiz
Lawyer, (Counsel)
Over 20 years experience in mining Galicia and Spain
Senior Environmental Manager
Over 15 years experience in gold projects &
operations in NW Spain.
12. Spain Corcoesto Gold Project
Project History
Shallow pits from the Roman Times.
Between 1895 and 1910: Shallow UG
exploitation by the British company
“Sagasta Gold Mines Ltd”.
Several Companies did exploration
between 1918 and 1987.
1997-2004 (RNGM): Soil Geochemistry,
18,000m of Trenching and 19,250m of
Drilling. Feas. Study for Heap Leach
Operation.
2005-2010 (KNB): Soil Geochemistry,
Mag Survey, 1,100m of Trenching and
8,710m of drilling.
Oct, 2010 – Feb, 2013 (EDW):
Step-out and in-fill drilling 52,940m
Feasibility Study and remaining
mine permitting in progress.
13. Spain Corcoesto Gold Project
Au (ppb)
As (ppm)
0 - 228.8
228.8 - 378
378 - 609.45
609.45 - 1,021.4
1,021.4 - 1,316.9
1,316.9 - 2,659.69
2,659.69 - 5,360
0 - 643.6
643.6 - 851
851 - 1,190
1,190 - 1,627.6
1,627.6 - 2,276.9
2,276.9 - 3,724.19
3,724.19 - 4,090
Soil Geochemistry (Au and As)
KNB Detailed Survey (Au + 35
elements). Lines spacing at 75m and
samples at 25m.
Au and As anomalies oriented N70E,
cross cutting regional geology (N30E).
14. Spain Corcoesto Gold Project
Property Geology
Local Geology
Corcoesto Map, Showing
lithologies and gold vein
systems:
Principal zones:
Cova Crea, Pozo del Ingles,
Petón de Lobo
Office
Additional structures:
Lithology
Leucocratic gneiss
Montefurado, Fonterremula,
Picotos and Lampreira.
Schists
Alternating gneiss/
metasediments/migmatites
Felsitic dyke
Gold vein sytems
Inferred contact
16. Spain Corcoesto Gold Project
Main Gold Deposits in the Iberian Peninsula
Corcoesto 1.5 M Oz
Salave 2 M Oz
El Valle-Boinás-Carlés 3 M Oz
Las Médulas
Corcoesto Gold
Deposit is 100%
owned by Edgewater
Exploration Ltd.,
since 2010.
Jales/Gralheira 1.2 M Oz
Penedono
Castromil
Location: Galicia, NW
Spain.
Montemor
Filon Sur Cerro Colorado 3 M Oz
Rodalquilar
Major Gold Deposits
17. Spain Corcoesto Gold Project
Geological map
Salave
El Valle-Boinás-Carlés
1
Corcoesto
Iberian Hercynian Massif
1. Cantabrian Zone
Las Médulas
2
4
Jales/Gralheira
2. West-Asturian-Leonese Zone
3. Central Iberian Zone
Penedono
3
Castromil
4. Galician-Tras-Os-Montes Zone
5. Ossa Morena Zone
6. South-Portuguese Zone
Montemor
5
Filon Sur
6
Major Gold Deposits
Cerro Colorado
Rodalquilar
18. Spain Corcoesto Gold Project
Regional Geology
Malpica–Tuy Gold Belt
(Over 150 Km long structural zone
with numerous gold occurrences)
Cabo Ortegal
Complex
Corcoesto
Malpica-Tuy Belt
ordenes
Complex
GTMZ
ALLOCTHONOUS COMPLEXES
SCHISTOSE DOMAIN OF
GALICIA - TRAS - OS - MONTES (SDGTM)
(Malpica-Tuy Gold Belt)
CENTRAL IBERIAN ZONE (CIZ)
WEST ASTURIAN - LEONESE ZONE (WALZ)
Bragança
Complex
THRUST FAULT
GOLD OCCURRENCES
Morais
Complex
19. Spain Corcoesto Gold Project
Property Geology
Introduction
Gold Mineralization associated
with Quartz veins, silicification
and disseminated Apy.
Related to N70E Extensional
Zones (Second Order Shear)
into N30E Dextral Shear Zone
(First Order Shear).
21. Spain Corcoesto Gold Project
Mineralization
Property Geology
Gold mineralization consists mainly of Arsenopyrite-bearing Quartz Veins
included in larger zones of silicification, commonly with sericitic and potassic
alteration.
Three different styles of mineralization:
1.- Sheeted Quartz Veins
2.- Descrete Quartz Veins
3.- Silicified Breccia
22. Spain Corcoesto Gold Project
Mineralization
Styles
Property Geology
1.- Sheeted Quartz Veins (N70W/70NE):
Tightly spaced mm-cm Q veins,with weak Apy dissemination (<1% As).
Thick mineralized zones at low grade, up to 1.95g Au/t over 41.10m,
including 3.67g Au/t over 14.05m.
Hosted mainly in the fine grained leucocratic gneiss.
COR-29x
23. Spain Corcoesto Gold Project
Mineralization
Styles
Property Geology
2.- Descrete Quartz Veins (N70E/70NW):
Grey-bluish cm-dm Q Veins with fine grained
disseminated Apy (>1% As).
High grade in narrow zones, up to 148.50g Au/t over
1.10m (ddh 10W10)
Normally, high grade veins are included in lower
grade zones of weak silicification with small veins.
There may be large zones including few sets of High
grade Q veins up to 10.72g Au/t over 17.0m (ddh
10W10)
Hosted mainly in biotitic gneiss and migmatites (Pozo
del Ingles and Cova Crea West).
10W10
24. Spain Corcoesto Gold Project
Mineralization
Styles
Property Geology
3.- Silicified Breccia:
Grey-bluish silica with fine grained disseminated Apy
(>1% As) flooding breccia zones.
High grade in narrow zones, up to 46g Au/t over 1.0m.
Hosted in biotitic gneiss (Pozo del Ingles West)
25. Spain Corcoesto Gold Project
Property Geology
DEFORMATION ELLIPSOID
ASSOCIATED WITH MAIN (N30E)
DEXTRAL SHEAR
Structural control for
gold mineralization
N70E TREND
Au - As SOIL
ANOMALIES
ANTITHETIC RIEDEL
FRACTURES (N80-70W)
(TRANSTENSIVE REGIME)
S-C Fabric
EXTENSION
(N50W-30W)
SYNTHETIC RIEDEL
FRACTURES (N40-50E)
(TRANSPRESSIVE REGIME)
NW TREND FOR
Au-As SOIL ANOMALIES ?
LEGEND:
DEFORMATION ELLIPSOID MINERALIZED VEINS
DEFORMATION ELLIPSOID
FRACTURES
26. Spain Corcoesto Gold Project
Drilling Summary
Number of Holes
Total Meters
278
52,940.45
45
12
57
6,465.10
2,245.15
8,710.25
RNGM Drilling
Core
Reverse Circulation
RNGM Total
192
31
223
16,794.65
2,366.30
19,160.95
Rio Tinto Drilling*
Core
38
7,582.98
596
88,394.63
EDW Diamond Drilling
(Oct-2010 up to Dec-2012)
KNB Diamond Drilling
2006-2007
2005
KNB Total
Project Total
34. Spain Corcoesto Gold Project
Deposit modeling: Cova Crea. Longitudinal Section (grade x thickness)
N
35. Spain Corcoesto Gold Project
2013 Updated Resource Estimate (Micon International, Aug 6, 2013)
NI 43-101 Pit Constrained Resource Summary (0.5 & 0.8 g/t Gold Cut-off)
Cutoff
(g/t Au)
Tonnes
(x1000)
Gold
g/t
Contained Gold
(x1000 oz)
Measured
0.5
14,910
1.34
644
Indicated
0.5
9,298
1.28
383
Measured + Indicated
0.5
24,208
1.32
1,027
Inferred
0.5
5,321
1.21
207
Measured
0.8
10,170
1.67
546
Indicated
0.8
6,065
1.63
317
Measured + Indicated
0.8
16,235
1.65
863
Inferred
0.8
3,733
1.44
173
Resource Class
1.
2.
3.
4.
5.
6.
Mineral resources were classified following the guidelines of the JORC Code (2012) an accepted reporting code in terms of Canadian National Instrument 43-101.
Mineral resources are constrained within a Whittle pit shell based on a gold price of US$1,400/oz.
Numbers may not compute due to rounding.
All grades have been quoted in grams per tonne (g/t) for the resource inventory.
Density values were assigned in relation to an oxide surface; no further distinction between fresh and oxide material has been made within this resource estimate.
There are no known legal, political, environmental or other risks that could materially affect the potential development of these mineral resources
The September 2013 Corcoesto NI 34-101 Resource Estimate Technical Report was prepared by Jason Che Osmond, M.Sc., EurGeol., C. Geol.,
FGS, Senior Geologist, Micon International Co. Limited and a Qualified Person (“QP”) as defined by National Instrument 43-101
38. Spain Corcoesto Gold Project
Exploration Upside
Exploration Upside Potential
Corcoesto Gold Project – Plan Map
Potential extensions
to structures on
strike
Pozo Del Ingles Gold Zone Grade thickness long section
Open at
Depth
Peton de Lobo Gold Zone Grade thickness long section
Current Open pit
shell
38
All Gold Zones Open at Depth
Open at Depth
39. Spain Corcoesto Gold Project
Gold zone orientations and upside potential at depth
Potential Resource
below pits
41. Spain Corcoesto Gold Project
Scoping Study – Preliminary Economic Assessment (Nov, 2011)
Alan Noble, Mining Engineer
Jaye Pickarts, Metallurigical Engineer
Dermot M Claffey, Geotechnical Engineer
Site Visit.
Resource Model Update.
Open Pit Design.
Plant Design – Preliminary Review.
Preliminary Metallurgical Test Program.
W
Develop Conceptual Plant Capital and
Operating Costs.
Conceptual siting study for Tailings
Storage Facility.
Environmental and Permitting.
Economic Analysis.
Report.
E
42. Spain Corcoesto Gold Project
Preliminary Economic Assessment (Nov 2011)
Project Assumptions (US $)
Gold Price
Dollar/Euro
Royalty
Capital Contingency
Discount Rate
$ 1,300
$ 1.38/ Euro
0.5%
17.5%
5.0%
Base Case Highlights
Average Annual Gold Production
Average Annual Net Revenue
NPV
Pre-Tax IRR
Pre-Tax Payback
OP and UG Capital Costs
Operating Cost
Life of Mine
102,000 Oz
$ 60.0 Million
$ 206 Million
W
24%
3.4 years
$ 135 Million
$713/oz
9.9 years
Life-of-Mine Parameters
Mill Feed Grade
Stripping Ratio
Annual Throughput
Milling Rate
Gold Recovery
1.70 g/t Au
8.0 / 1
2.1 M tonnes
6,000 t/day
89.1%
E
PRE-TAX FINANCIAL MODEL*
Gold Price Scenarios
Units
Base Case
Gold
US $ /Oz
1100
1300
1500
NPV
5% discount
71
206
340
Payback
Years
5.6
3.4
2.5
IRR
%
12
24
34
Working capital in the amount of $12.5 million, sustaining capital $33 million
and reclamation and closure costs of $10.5 million are also included in the
above economic evaluation. Pit shells calculated at $1100/oz
43. Spain Corcoesto Gold Project
Preliminary Economic Assessment Cost Breakdown
(PEA) Initial Capital Cost Breakdown
Engineering and Preproduction
$28.5
Power
$4.0
Process Plant
$92.0
Tailings & Reclamation
$10.9
Initial Capital
Resource Drilling
Royalty Purchase
Contingency -- 17.5%
$135M
W
$9.0
$1.5
$25.3
(PEA) Operating Cost Breakdown
Open Pit ($/tonne milled)
Mining (including waste and staff) $15.74
Milling
$14.63
Tailings
$1.00
G&A
$1.15
Total
$32.52
Underground ($/tonne milled)
Mining(including waste and staff) $40.00
Milling
$14.63
Tailings
$1.00
G&A
$1.15
Total
$56.78
E
44. Preliminary Economic Assessment Note Disclosure
•
•
•
•
•
•
•
•
•
CIM definition standards were followed for the resource estimate
The 2010 and 2011 resource models used an inverse-distance-power (IDP) grade estimation within a threedimensional block model with mineralized zones defined by wireframed solids.
A total of 19,075.7 m of surface trenching in 225 trenches, 443.1 m of adit sampling in 4 adits and 42,111.18
metres of diamond and RC drilling in 342 drill holes were used in the resource with sample spacing's 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 spacing's 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
Dilution is included for a minimum mining width of 2.0 m on a 4.0 m high mining bench
Mineral Resources that are not mineral reserves do not have economic viability. Preliminary Economic Assessment
NI43‐101 Compliant includes inferred mineral resources that are considered too speculative geologically to have
the economic considerations applied to them that would enable them to be categorized as mineral reserves, and
there is no certainty that the preliminary assessment will be realized.
The Spanish corporate tax rate is 30%, but the impact of taxes on the project would be much less after
allowances for depreciation, amortization and structure of the local and international corporations.
The Corcoesto Gold Project PEA Technical Report dated Dec 30, 2011 was prepared by Alan Noble, P.E., of Ore
Reserves Engineering Inc., a professional independent mining engineer registered in the State of Colorado, USA
and a QP as defined by National Instrument 43-101.
Mr. Gregory Smith, P. Geo., Vice President of Exploration for Edgewater Exploration Ltd., is the qualified Person
as defined by NI 43-101 and has prepared and approved the technical data and information in this presentation
45. Spain Corcoesto Gold Project
Spanish Tax Advantages
1. The Spanish law has established tax advantages. The taxable
income maybe reduced by up to 30% by deducting the following
list of expenditures:
•
•
•
•
•
2.
Exploration and development to increase mineral resources and reserves
Operating costs, investment and studies of reclamation plans (land rehabilitation,
detoxification and water treatment)
Research to improve the recoveries
W
Laboratories and research equipment
Exploration
Depreciation of capital assets may be applied at any chosen rate
and when applied in the first years of operation may reduce the
taxable income to zero
E
47. Spain Corcoesto Gold Project
Project highlights and milestones for 2012/2013
Drilling campaign. Completed 52,490.45m.
INFILL: All drilling focused on converting inferred
to Measured + Indicated
STEP-OUT/DOWN DIP: Testing high grade ore
shoot extensions for additional UG resources
EXPLORATION: Drilling additional targets
Exploitation Project and Environmental Study
completed and submitted by December, 2011.
Ministry of Environment approves Corcoesto
W
Gold Project´s Environmental Impact
Statement. December 2012
Mining license’s and Final Strategic Project
status expected by Q4, 2013.
Feasibility Study (Micon International) In
Progress. Expected by Q3, 2013
Start of Mining plant and Tailing construction.
Expected by Q1, 2014
E
49. Spain Corcoesto Gold Project
Land Acquisitions and Surface Rights
Expedited purchases as part of
Strategic Industrial Status
Land valuations and purchases
completed by 3rd party
Edgewater voluntarily offering
a premium over market price
Total estimated cost ~$6M
Euros for life of project (500 W
hectares)
Negotiating options to
purchase with 10% down
payment
APPlus(+) consultants hired to
complete purchases
E
53. Spain Corcoesto Gold Project
METALLURGY
Additional Metallurgical testing completed since
Nov, 2011 PEA
Final process design includes
Crushing
Grinding
Gravity
Floatation
W
Regrinding
Cyanidation and Carbon adsorbtion
Elution
Electrowinning
Production of Gold Dore
Overall recoveries projected to be 88%
E
54. Spain Corcoesto Gold Project
6,000 tpd Overall Simplified Flow Sheet
100 ton TRUCK
SAG MILL
ORE
FEED
6000 tpd FEED
MAGNET
FEEDER
ORE FEED
STOCKPILE
OPTIONAL INDERECT
FEEDING
O/F
CRUSHED ORE
STOCKPILE
Diam.44.0m
180 m3
BIN
HYDRO
CYCLONE
Water
JAW
CRUSHER
O/S
O/S
+5mmm
FEED BELT
CONVEYOR
U/S
VIBRATING
SCREEN
P80 150mm
U/F
U/S
-5mm
OVERSIZE
CONVEYOR
FEED BELT
CONVEYOR
TRASH
TRASH
SCREEN
CENTRIFUGAL
CONCENTRATOR
TAILS
PROCESS
WATER LOOP
SUMP
RETURN
WATER TO
PROCESS
O/F
TAILINGS
THICKENER
RECLAIM
WATER POND
CYCLONE FEED
PUMP
CONC.
FLOTATION
TAILINGS
U/F
W
FLOTATION
CELLS
2 BALL MILLS
E
FLOTATION
TAILINGS DAM
FLOTATION
CONCENTRATE
CONCENTRATE
THICKENER
SMELTING
FURNACE
CONCENTRATE
REGRINDING
MILL (ISA)
8 CIL AGITATED TANKS
LEGEND:
CARBON
ELUTION
REGENERATED CARBON
Dry Feed Stream
Slurry Stream
Process Water Stream
Au Conc. Slurry Stream
Au Conc. Solids Stream
Process Equipment
CARBON
REGENERATION
CYANIDE
DESTRUCTION
LEACH RESIDUE
TAILINGS DAM
GOLD
DORE
GOLD
ELECTROWINNING
PREGNANT CARBON
Design by : JAT
Date28/01//2013
55. Spain Corcoesto Gold Project
Plant flow sheet
ROM STOCKPILE
PRIMARY
CRUSHING
COARSE STOCKPILE
FLOTATION
REAGENTS
PEBBLES MILL
SAG MILL
BALL MILL
CYCLONE
FLOTATION
REGRINDING
THICKENING
PROCESS WATER
CLASSIFYING
CN
LEACHING
CIL
ELUTION
ELECTROWINNING
TAILINGS
GRAVITY
FLOTATION
TAILS
THICKENING
FLOTATION
TAILINGS DAM
TAILINGS
CIL
TAILS
THICKENING
DETOX
LEACHING
TAILINGS DAM
BULLION
SO2
56. Spain Corcoesto Gold Project
Plant Process Description
The Corcoesto treatment plant has capacity to treat 6.000 t/day of the orebody from Corcoesto. The plant
consists of the following areas: crushing, grinding, gravimetric circuit, flotation, CIL (carbon in leach), gold
recovery (carbon elution, electrolysis and bullion smelting) and detoxification.
The mined ore is classified according to gold grade in the Rom Pad. In the crushing stage the size is
reduced from 800 mm to 150 mm. The crushed ore is sent to the grinding circuit to be reduced down to a
P80 55 microns. The grinding circuit consists of a SAG mill and two ball mills arranged in a close-circuit
configuration, with hydrocyclones as size classifiers. The cyclone overflow is sent to flotation and part of the
underflow to a centrifugal concetrator. All the tailings from the gravimetric circuit are returned as the feed
to the ball mill.
Following flotation the concentrate passes to a thickener together with the gravity concentrate. The
combined concentrates are reground in an ISA mill to a P80 15 microns prior to cyanidation.
The CIL (Carbon in Leach) circuit consists of two pre leach tanks and seven leach/adsorbtion tanks where
the dissolved gold is adsorbed onto carbon. The gold-loaded carbon is then subjected to elution and gold is
recovered from the solution by electrolysis. The gold sludge from electrowinning is then smelted to Dore
bullion (gold bars).
57. Spain Corcoesto Gold Project
Organization Chart
DIRECTOR OF OPERATIONS
MANAGING DIRECTOR
PRODUCTION MANAGER
FINANCIAL
DIRECTOR
DIR.
LEGAL
ENVIRONMENTAL
MANAGER
DIRECTOR OF
GEOLOGICAL EXP.
PLANT
MANGER
DIR.
H&S
MINING
MANAGER
62. PHASE 1
1,4 YEARS
ROADS AND ACCESS
CONSTRUCTION TO THE
NEXT EXPLOITATION
AREAS.
DEVELOPMENT AND
OPERATION OF THE COVA
CREA PIT.
OPENING OF POZO DEL
INGLES PIT.
SOUTH WASTE DUMP
CONFIGURATION
FLOTATION TAILS DAM
LIXIVIATION TAILS DAM
TAILINGS DAM DYKES
CONSTRUCTION AND
WATERPROOFING
TAILINGS DAM AREA
63. PHASE 2
1,9 YEARS
ROADS AND ACCESS
CONSTRUCTION TO THE
NEXT EXPLOITATION
AREAS
DEVELOPMENT AN
OPERATION OF THE POZO
DEL INGLEÑS PIT.
COVA CREA PIT BACK FILL
AND WASTE DUMP
CONFIGURATION IN COVA
CREA AREA
