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Mine Permitting Process for Grassy Mountain Initiated by Calico

Investing News Network
Feb. 21, 2012 09:40AM PST
Gold Investing

The Oregon Department of Geology and Mineral Industries (DOGAMI) has accepted the Calico Resources Corp. (TSXV:CKB) Notice of Intent (NOI) and Memorandum of Understanding (MoU) for the Grassy Mountain Project. 

The Oregon Department of Geology and Mineral Industries (DOGAMI) has accepted the Calico Resources Corp. (TSXV:CKB) Notice of Intent (NOI) and Memorandum of Understanding (MoU) for the Grassy Mountain Project.

As quoted in the press release:

The NOI serves as official notification to the State of Oregon that Calico plans to construct an underground mine and surface mill complex to develop the Grassy Mountain gold resource located in Malheur County, Oregon.  The NOI is submitted as a first-step in the “pre-application phase”.  During the pre-application phase, the Company, DOGAMI (as the facilitating agency) along with other key State agencies, determine the environmental and other studies required to be completed prior to the submission of a completed application.

Calico President & CEO, Bill Wagener, said:

“This is an all-important first phase of the mine permitting process that will run in parallel with the environmental data collection and our continued exploration/development of the Grassy Mountain Project.  As part of this phase, DOGAMI and the Company will prepare a permitting process timeline.”

Click here to read the Calico Resources Corp. (TSXV:CKB) press release
Click here to see the Calico Resources Corp. (TSXV:CKB) profile.

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