Calico Resources Corp.(TSXV:CKB) announced the latest drill results from the last five holes of its 2011 drilling campaign at Grassy Mountain.
As quoted in the press release:
All five holes intersected thicker than anticipated sections of moderate grade material and contain a higher-grade component, such as CAL-008R which intersected 109.7m (360 feet) averaging 2.51 g/t (0.073 opt) Au and included 15.5m (50 feet) averaging 7.12 g/t (0.208 opt) Au.
Calico Resources Corp., Chairman, Buck Morrow, said:
We are excited by both the extension of mineralization and the potential impact these results will have on our current view of the size of the resource.