When Edgewater Exploration (edw-v) took over a Lundin Mining (lun-t) subsidiary to gets its hands on the Malpica-Tuy gold project in Spain, it knew the project came with a small resource plus a whack of recent drill results. Now Edgewater has used those results to update the resource and, without any exploration work of its own, has more than tripled the project's gold count. The Malpica-Tuy project is in northwest Spain, roughly 36 km southwest of the port city of La Co-runa. Rio Narcea, a Lundin subsidiary, acquired the project in 1996 and completed an extensive program of soil sampling, trenching and diamond drilling.
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