VANCOUVER, March 13, 2013 /CNW/ - Calico Resources Corp. (TSXV: CKB),
(OTCQX: CVXHF) (the "Company" or "Calico") is pleased to announce they
have completed their second major advance in the State of Oregon
Division 37 Chemical Process Mining Program. All pre-mining
environmental, economic and cultural baseline study work plans have
been approved by the State of Oregon. The Company is now implementing
these studies and concurrently preparing the necessary operating and
reclamation plans along with state, local and federal applications.
This approval culminates an eight month cooperative program with the
State of Oregon and involved federal and county agencies.
"Calico has achieved a second significant milestone in our efforts to
permit the Grassy Mountain Gold Mine", stated Buck Morrow, President
and CEO. "Calico is pleased that the TRT voted unanimously to approve
the Final Order. We have remained focused on the permitting effort, and
it will continue to pay important dividends. The permitting process
has proceeded in a timely fashion and well within estimated cost. We
are now moving forward to prepare the Consolidated Permit Application,
working closely with the Oregon Department of Geology and Minerals
Industries (DOGAMI). Approval of this single-package, total-permit
authorization will allow the project to be constructed in a timely
fashion."
On March 11, 2013, Calico was advised in a letter from Gary Lynch,
DOGAMI Assistant Director of Regulation, Mined Land Regulation, that
the Technical Review Team (TRT) had approved Calico's baseline date
work plans to study pre-mine conditions for environmental economic and
cultural resources at the proposed mine site in Malheur County,
Oregon. This culminates an extensive interactive review process
involving over 13 state, county, and federal agencies. The final order
can be viewed at the DOGAMI website at http://www.oregongeology.org/pubs/nr/press-release-2013-03-11.pdf.
"This is a significant milestone in the Oregon chemical process mine
permitting regulations, and Calico is the first company in Oregon to
proceed this far in the Oregon permitting process," said Gary Lynch,
DOGAMI Assistant Director of Regulation, Mineral Land Regulation and
Reclamation Program.
"Calico is now moving ahead to complete the environmental data
collection component of the permitting process. More importantly, this
approval allows us to prepare all necessary regulatory applications
needed to build the project. We have already begun to prepare the
operating plan, reclamation and closure plan, and certain permit
applications", said Vance Thornsberry, VP Exploration. "We are very
excited about this progress and our strong working relationship with
the State of Oregon, Malheur County, and involved federal agencies.
The DOGAMI Division 37 Chemical Process Mining Consolidated Permitting
Process is designed to streamline and/or unify the complex
environmental permitting process in which we operate today within the
mining industry. The process is working, and we are pushing ahead with
confidence."
"For some areas of baseline study, one year of data will be needed to
assemble a consolidated application. During the one-year period of
baseline data collection, Calico Resources will also develop the
project's operating plan, reclamation and closure plan, alternatives
evaluation, and financial security analysis for all reclamation and
post-closure monitoring program costs, all of which are required under
Oregon law to support the project's consolidated permit application." (http://www.oregongeology.org/pubs/nr/press-release-2013-03-11.pdf DOGAMI press release March 11, 2013)
The proposed Grassy Mountain Gold Mine Project is located in Malheur
County, Oregon, approximately 25 miles south-southwest of Vale,
Oregon. The project area includes patented and unpatented lode mining
claims, as well as private land currently under lease for mineral
exploration and development. The proposed underground mine, mill, and
ancillary facilities are all located on patented mining claims or
private fee land controlled by Calico. The areas are linked by road on
federal managed by the Bureau of Land Management. . Calico is
proposing to construct an underground mine and surface mill complex to
develop the Grassy Mountain gold resource.
Michael F. McGinnis, Calico's Project Manager/Exploration, is a
Qualified Person as defined by National Instrument 43-101 is not
independent of Calico, as that term is defined in NI 43-101, and has
reviewed and approved the technical contents of this news release.
On behalf of the Board,
Arden (Buck) Morrow
President and CEO
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
SOURCE: Calico Resources Corporation
Please contact Alec Peck at 1 855-589-0400.