Edgewater Exploration Ltd.(TSXV:EDW) announced that it has received approval from the Galician government to advance the Corcoesto gold project as a strategic industrial project. The Company submitted an Environmental Impact Assessment to the Galician mining authorities in February, 2012.
As quoted in the press release:
The Corcoesto Gold Project being accepted in the process of a Strategic Industrial Project means the minimization of processing time and priority for the project to advance with expedited permit timelines. These critical elements include exemption from municipal license, the declaration of the project as public utility and social interest, the declaration of prevalence over other competing public interests and the provision of direct subsidies.
Edgewater Exploration, George Salamis, commented:
I am very pleased with the support and attention the Corcoesto Gold Project has been getting from all levels of government and the surrounding local communities. Edgewater continues to work with all the communities, stakeholders and government to adhere to the highest socioeconomic and environmental standards. Our public consultation has been going on now for some time; we are firmly committed to seeing Corcoesto come to fruition and ensure surrounding communities derive the maximum benefits.