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Calico Extends Gold Mineralization - 500 Beiträge pro Seite


WKN: A1H8U8
0,155
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07.07.16
TSX Venture
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Press Release
January 10, 2012
Calico Extends Gold Mineralization at Grassy Mountain

Vancouver January 10, 2012 – Calico Resources Corp. (TSX-V: CKB, OTCQX: CVXHF) (the “Company” or “Calico”) is pleased to announce results of the last five holes from its 2011 drilling campaign at Grassy Mountain. Holes CAL-008 through 012 were Reverse Circulation (RC) angle holes that successfully accomplished their objective of extending mineralization along the northern margins of the deposit. 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. “The drill results exceeded our expectations. “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.” said Buck Morrow, Chairman.

The 2011 drilling program, consisting of three (3) core holes and nine (9) RC holes totaling 3,113m (10,216 feet), was completed October 30, 2011. Drill holes CAI-001 – CAL-007 have been previously reported and can be viewed on the Company’s website at www.calicoresources.com or on SEDAR. A complete summary of the 2011 drilling results is forthcoming.
Nachdem die Infill Bohrungen die alten Ergebnisse bestätigt haben kommen nun stepout Löcher dazu, die die Möglichkeit einer Ausweitung der Resourcen aufzeigen.

Ich bin mit einer kleinen Position dabei und habe bei 39,5 Cent gekauft.

Calico ist ein Neustart und finanziell noch ziemlich wackelig aufgestellt, zudem liegt die Property in Oregon, ein Staat, der nicht als besonders minenfreundlich gilt.


Zu Grassy Mountain:

924,000 ounces of Indicated resources that average 1.54 g/t Au and 61,000 ounces of Inferred resources that average 1.10 g/t Au all located within deposit area
Grades as high as 595 g/t Au have been encountered through drilling and indicate the potential for a very robust, shallow and low cap-cost underground mine.
17 additional targets identified through mapping, soil and rock chip
sampling and drill testing
http://calicoresources.com/wp/wp-content/uploads/Grassy-Moun…
Calico Hosts Open House in Oregon

Vancouver January 17, 2012 – Calico Resources Corp. (TSX-V: CKB, OTCQX: CVXHF) (the “Company” or “Calico”) is happy to report that the open house held in Vale, Oregon on January 12, 2012 was attended by nearly 100 citizens from the greater Vale area. The open house was intended to inform the community of; Calico’s progress, the coming milestones and to provide a forum for questions. Topics discussed included: project history, review of 2011 milestones, review of 2011 exploration results, update on permitting status, discussion of the project development concept and 1st Quarter 2012 plans.

“I think everyone enjoyed having the opportunity to hear our plans first hand and ask questions. They were happy to hear that all government agencies involved in the permitting have been very responsive and timely in working with the Company on the process” said Bill Wagener, President & CEO. The company addressed all questions presented and is excited by the warm reception and encouragement the community and the local leadership have given to Calico and its activities in the area.
Calico Expects Recoveries up to 95% Au at Grassy Mountain

Vancouver January 18, 2012 – Calico Resources Corp. (TSX-V: CKB, OTCQX: CVXHF) (the “Company” or “Calico”) reports that Resource Development Incorporated (RDi) has completed its review of the historic metallurgical studies and has concluded that the historic test work indicates that gold recoveries up to 95% are achievable. “The high gold recoveries indicated by the review of the historic studies, coupled with the drill results of high-grade core targeted by the 2011 exploration program are indicative of a project with resilience at a wide range of gold prices” said Bill Wagener, President & CEO.
http://primed24.wordpress.com/2012/01/28/calico-resources-ck…

Sehr schöne Zusammenfassung, lediglich mit der minenfreundlichen Jurisdiktion - da hab ich meine Schwierigkeiten.
Antwort auf Beitrag Nr.: 42.662.914 von valueinvestor am 28.01.12 19:07:19Was vielen vielleicht wie eine blubber news vorkommt ist für mich fast wesentlicher als die infill Bohrergebnisse, die ja aufgrund der Arbeiten der Vorbesitzer so zu erwarten waren:

Oregon's Malheur County Court Supports Grassy Mountain Project

Calico Resources Corp (TSX:CKB)
Intraday Stock Chart

Heute : Monday 6 February 2012


Calico Resources Corp. (TSX-V: CKB, OTCQX: CVXHF) (the "Company" or "Calico") is pleased to report that the Malheur County Court has passed a resolution in support of Calico and its Grassy Mountain Project as follows:

"NOW THEREFORE, BE IT RESOLVED by the Malheur County Court, that the Malheur County Court supports Calico Resources in its work on the Grassy Mountain gold mining project as it works toward diversifying Malheur County's economic base, creates jobs and engages in the permitting process of DOGAMI and other stakeholders."

In so doing, the Malheur County Court reiterated "the long-standing policy of the State of Oregon, which is set out, in part, as follows: "It is the policy of the State of Oregon to recognize the important and essential contribution that the extraction of minerals makes to the economic well-being of the state and the nation………. "ORS 571.760"".

"We are both honored and pleased by the support Calico has received from the people and leadership of the local community, county and state. This clarity of support provides Calico with increased confidence in its ability to progress the project to development in a timely and environmentally sound manner." said Bill Wagener, President and CEO.

The full Resolution is available on the Malheur County Court website and on the Company's website at www.calicoresources.com

On behalf of the Board,


http://de.advfn.com/p.php?pid=nmona&article=51051312

Da Oregon zu den Griechenländern der USA gehört, haben sie vielleicht wirklich Interesse an zusätzlichen Jobs und Steuereinnahmen
News Releases
Calico's Grassy Mountain Exceeds 1,250,000 ounces Gold and adds 4,100,000 ounces Silver

VANCOUVER, Feb. 14, 2012 /CNW/ - Calico Resources Corp. (TSX-V: CKB, OTCQX: CVXHF) (the "Company" or "Calico") is pleased to report a significant increase in both contained ounces and average gold grade at the Grassy Mountain Deposit. In addition to increasing the gold resource, a NI 43-101 compliant silver resource and a NI 43-101 compliant higher-grade component of the gold resource, suitable for underground mining operations, are being reported for the first time - see Table 1 below.

"The gold resource has increased significantly over the June 2011 resource report and the addition of a NI 43-101 compliant silver resource should enhance the project economics. We are extremely pleased with the growth of the Grassy Mountain resource resulting from the 2011 exploration program. We believe these results confirm that there remains significant upside potential to continue to grow the Grassy Mountain resource. Calico looks forward to initiating the 2012 exploration program designed to increase resources and evaluate several of the nearby targets that lie within the current property position." said Bill Wagener President & CEO.

The updated resource calculations were completed by Gustavson Associates of Lakewood, Colorado USA. A full NI 43-101 Technical Report will be posted on Sedar and the Company's website within 45 days of this release.

Table 1
Cutoff
Grade Indicated Inferred
g/t Tonnes
(000s) Au
g/t Au
Ounces
(000s) Ag
g/t Ag
Ounces
(000s) Tonnes
(000s) Au
g/t Au
Ounces
(000s) Ag
g/t Ag
Ounces
(000s)
0.34 37,471.0 1.055 1,271.3 3.4 4,139.3 15,733.3 0.604 305.6 2.1 1,056.5
0.55 20,107.2 1.596 1,031.5 4.9 3,137.3 3,844.3 1.179 145.8 3.4 424.7
2.06 3,195.4 5.258 540.2 9.7 999.9 302.6 6.010 58.5 10.2 99.5

Note: The resource calculations capped gold assays at 102 g/t (3 opt) and silver assays at 238 g/t (7 opt). The "Cutoff Grades" shown above were applied only to gold and no cutoff grade was applied to silver. Silver values are the silver associated with the gold at the specified gold cutoff grade.

A higher-grade, NI 43-101 compliant resource, suitable for underground mining operations, was delineated for the first time. Using a 2.06 g/t (0.060 opt) Au cutoff grade the technical report confirms the following:

Indicated Resources of
540,200 ounces Gold
Contained in 3,195,400 tonnes averaging 5.258 g/t (0.153 opt) Au at a 2.06 g/t (0.060 opt) Au cutoff and,
999,900 ounces Silver
Contained in 3,195,400 tonnes averaging 9.7 g/t (0.283 opt) Ag at a 2.06 g/t (0.060 opt) Au cutoff and,
Inferred Resources of
58,500 ounces Gold
Contained in 302,600 tonnes averaging 6.010 g/t (0.175 opt) Au at a 2.06 g/t (0.060 opt) Au cutoff and,
99,500 ounces Silver
Contained in 302,600 tonnes averaging 10.2 g/t (0.297 opt) Ag at a 2.06 g/t (0.060 opt) Au cutoff

The delineation of a higher-grade component is an important step forward as this resource is amenable to underground mining operations and mill processing. This approach to the initial mining and milling operations minimizes the footprint of the overall operation and is viewed as a more favorable mining method by the regulatory agencies.

The June 2011 Technical Report reported only gold resources and utilized a 0.55 g/t (0.02 opt) Au cutoff based on historically lower gold prices than presently exist. Using the same 0.55 g/t (0.02 opt) Au cutoff grade, the updated resource report:

Added Indicated gold ounces of 107,500 and increased the average Indicated grade from 1.51 g/t (0.044 opt) Au to 1.596 g/t (0.047 opt) Au
Added Inferred gold ounces of 84,800 ounces and increased the Inferred grade from 1.10 g/t (0.032 opt) Au to 1.179 g/t (0.034 opt)

Vance Thornsberry, Calico's Vice President of Exploration, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release.

Donald E. Hulse, P.E., Gustavson's Vice President of Mining and Latin America, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release.

Corporate News
Also, the Company would like to announce that it has retained Venture Liquidity Providers Inc. ("VLP") to initiate its Market Making Service to provide assistance in maintaining an orderly trading market for the Company's common shares. The Market Making Service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Limited, in compliance with the guidelines of the TSX Venture Exchange. VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX Venture Exchange-listed issuers. In consideration for their services, Calico has agreed to pay VLP $5,000 per month for a period of 12 months. The agreement may be terminated at any time by Calico or VLP. Calico and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in Calico or its securities. The agreement is subject to regulatory approval.

On behalf of the Board,

William S. Wagener
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."







Terri Anne Welyki
Vice-President of Corporate Development
(604) 681-6855

Canada Newswire
February 14, 2012 - 8:00 AM EST
Was mich so optimistisch stimmt für Grassy Mountain ist die Explorationsgeschichte.
Diese Property lag von 2000 an auf Eis, da der Vorbesitzer Seabridge Gold sich auf seine Hauptprojekte KSM und Courageous Lake (beides Multimillionen Unzen Gebiete) konzentrierte. Es ist also ein Gebiet, welches unter den geänderten ökonomischen Rahmenbedingungen und dem gestiegenen Goldpreis noch nicht durchexploriert wurde. Bei vielen anderen Explorern werden nur die Dritt- oder Viertverwertungsrechte weitergereicht und es ist oft klar, dass nichts zu finden da ist.

Dann gucken wir doch mal, was der markt daraus macht heute:
http://de.advfn.com/p.php?pid=nmona&article=51283572

Calico Initiates Mine Permitting Process for Grassy Mountain

Calico Resources Corp (TSX:CKB)
Intraday Stock Chart

Heute : Tuesday 21 February 2012


Calico Resources Corp. (TSX-V: CKB, OTCQX: CVXHF) (the "Company" or "Calico") is pleased to report that the Oregon Department of Geology and Mineral Industries (DOGAMI) has accepted Calico's Notice of Intent (NOI) and Memorandum of Understanding (MoU) for the Grassy Mountain Project. "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." said Bill Wagener President & CEO. The Company is extremely pleased with the active response and cooperation it has received from all the governing agencies regarding the Grassy Mountain Project.

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.

The MoU is an agreement between the State and Calico whereby the additional costs incurred by the State agencies associated with the pre-application phase are reimbursed by the Company.
Calico To Optimize Gold and Silver Recoveries for Grassy Mountain

Calico reports that the metallurgical test work it has commissioned Resource Development Inc. (RDi) to perform is designed to confirm gold recoveries at Grassy Mountain of up to 95% (see release January 18, 2012) and to explore flowsheet alternatives which will provide the best set of project economics going forward. "The purpose of the next phase of metallurgical testing is to compare a number of flowsheet alternatives in order to narrow the plant design options for Grassy Mountain and to optimize the economics of the project, including silver recoveries", commented Bill Wagener, Calico's President and CEO.

Calico has submitted a sample of approximately 375 kilograms (830 pounds) of core, rock and cuttings from the 2011 exploration program in order to provide material for bench scale testing of several mineral processing options available based on the conclusions derived from the earlier studies.

Bench scale testing of Grassy Mountain material will include initial grindability testing, gravity separation efficiency and circuit design, possible re-grinding requirements, froth floatation effectiveness, closed circuit leaching efficiency. The testing will for the first time evaluate various methods for silver recovery. Initial bench testing is expected to take approximately eight weeks with full results in three to four months.

On behalf of the Board,

William S. Wagener President and CEO

http://www.marketwatch.com/story/calico-to-optimize-gold-and…
Calico Announces Private Placement of up to $5 million

Vancouver, B.C., March 26, 2012 – Calico Resources Corp. (TSX-V: CKB, OTCQX: CVXHF) (the “Company” or “Calico”) announces that it has entered into an agreement with Stonecap Securities Inc. (“Stonecap”) in connection with a marketed, best efforts private placement of up to 14,750,000 units (the “Units”) from treasury at a price of $0.34 per Unit for gross proceeds of up to $5,015,000 (the “Offering”). Each Unit shall consist of one common share of the Company and one-half of one common share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder thereof to acquire one common share of the Company at $0.50 for 24 months following closing of the Offering.

The Company also grants Stonecap an option to purchase up to an additional 15% of the Units exercisable up to 48 hours prior to closing of the Offering for additional gross proceeds of up to $752,250.

The net proceeds of the Offering will be used for exploration and development at the Company’s Grassy Mountain project, working capital and general corporate purposes.

The Offering will be made by way of private placement to accredited investors in all provinces of Canada. The Offering is expected to close on or about April 19, 2012, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the relevant securities regulatory authorities. The Units will be subject to a four-month hold period.

http://calicoresources.com/press-releases/calico-announces-p…
Neben der News von gestern mit marginalen Änderungen / Verbesserungen an den Kaufbedingungen von Grassy Mountain kommt heute die Meldung zum 43/101 report:

VANCOUVER, March 30, 2012 /PRNewswire via COMTEX/ -- Calico Resources Corp. CA:CKB 0.00% (otcqx:CVXHF) (the "Company" or "Calico") reports that it has filed on SEDAR an independent NI 43-101 technical report outlining the updated resource estimate for its 100% owned Grassy Mountain Project.

"We are pleased to have completed this updated technical report which represents the latest milestone in the development of the Grassy Mountain Project," stated Calico President and CEO Bill Wagener."

The NI 43-101 reports a significant increase in both contained ounces and average gold grade at the Grassy Mountain Deposit. In addition an NI 43-101 compliant silver resource and an NI 43-101 compliant higher-grade component of the gold resource, suitable for underground mining operations, are being reported for the first time - see Table 1 below.
Table 1


Cutoff Indicated Inferred
Grade
g/t Tonnes Au Au Ounces Ag Ag Ounces Tonnes Au Au Ounces Ag Ag Ounces
(000s) g/t (000s) g/t (000s) (000s) g/t (000s) g/t (000s)
0.34 37,471.0 1.055 1,271.3 3.4 4,139.3 15,733.3 0.604 305.6 2.1 1,056.5
0.55 20,107.2 1.596 1,031.5 4.9 3,137.3 3,844.3 1.179 145.8 3.4 424.7
2.06 3,195.4 5.258 540.2 9.7 999.9 302.6 6.010 58.5 10.2 99.5



Note: The resource calculations capped gold assays at 102 g/t (3 opt) and silver assays at 238 g/t (7 opt). The "Cutoff Grades" shown above were applied only to gold and no cutoff grade was applied to silver. Silver values are the silver associated with the gold at the specified gold cutoff grade.

A higher-grade, NI 43-101 compliant resource, suitable for underground mining operations, was delineated for the first time. Using a 2.06 g/t (0.060 opt) Au cutoff grade the technical report confirms the following:

Indicated Resources of

540,200 ounces Gold

Contained in 3,195,400 tonnes averaging 5.258 g/t (0.153 opt) Au at a 2.06 g/t (0.060 opt) Au cutoff and,

999,900 ounces Silver

Contained in 3,195,400 tonnes averaging 9.7 g/t (0.283 opt) Ag at a 2.06 g/t (0.060 opt) Au cutoff and,

Inferred Resources of

58,500 ounces Gold

Contained in 302,600 tonnes averaging 6.010 g/t (0.175 opt) Au at a 2.06 g/t (0.060 opt) Au cutoff and,

99,500 ounces Silver

Contained in 302,600 tonnes averaging 10.2 g/t (0.297 opt) Ag at a 2.06 g/t (0.060 opt) Au cutoff

The delineation of a higher-grade component is an important step forward as this resource is amenable to underground mining operations and mill processing. This approach to the initial mining and milling operations minimizes the footprint of the overall operation and is viewed as a more favorable mining method by the regulatory agencies.

http://www.marketwatch.com/story/calicos-ni-43-101-technical…

Man sieht also, das Projekt ist auf einem guten Weg.
Natürlich schmerzt die Verwässerung durch die Finanzierung, allein die Tatsache derzeit überhaupt eine Finanzierung zu stemmen ist äußerst positiv für ein so kleines Unternehmen. Viele andere Unternehmen der Branche bemühen sich schon monatelang ergebnislos um eine Finanzierung, trotz vorgeblicher Weltklasseprojekte...
Calico Resources Corp. - 2012 Exploration Underway at Grassy Mountain

VANCOUVER, May 1, 2012 /PRNewswire via COMTEX/ -- Calico Resources Corp. CA:CKB -6.25% (otcqx:CVSHF) is pleased to announce that it has finalized plans for this season's exploration program on the Grassy Mountain Project. Using the Grassy Mountain Deposit as a "discovery model", Calico has designed the 2012 program to test additional gold occurrences on the claim group that exhibit geologic similarities to the Grassy Mountain resource area. The basis of the discovery model includes: positive results from the 2011 drilling program, compilation of extensive historic information, a recently completed (February, 2012) CSAMT (Resistivity) geophysical survey and incorporation of all available information into a 3D geologic model utilizing "Leapfrog" software.

Interpretation of the results from the recent CSAMT geophysical survey identified several important features that are integrated into the 2012 program: "(1) The geophysics delineates numerous areas of sinter and/or silica alteration that correlate with known gold mineralization. By extension, similar anomalies that merit drill testing have been identified outside of the main Grassy Mountain deposit, (2) East-northeast trending structures, which are thought to be a major control of mineralization, are more extensive and stronger than previously thought and the on-strike extension of these structures merits drill testing, and (3) The structure and alteration fit the classic hot springs model."

The targets to be tested include: Deeper drilling to intersect the "boiling horizon" (higher grade-gold mineralization) in three areas containing surface sinter, and or, pervasive silicification; interpreted structural-controlled "feeder zones" and a potential down-faulted extension in the Grassy Mountain resource area.

"We are extremely pleased with the progress at Grassy Mountain. Development of the geologic model is a major step forward in our pursuit of identifying a new discovery at Grassy. We look forward to drill testing these targets while continuing our exploration of the main deposit." said Vance Thornsberry, Vice President of Exploration for Calico Resources.

http://www.marketwatch.com/story/calico-resources-corp-2012-…
Antwort auf Beitrag Nr.: 43.107.840 von valueinvestor am 01.05.12 18:15:14?:}


CALICO ANNOUNCES MANAGEMENT CHANGE

Vancouver May 14, 2012: Calico Resources Corp. (TSX-V: CKB, OTCQX: CVXHF) (the “Company” or “Calico”) is pleased to announce that Arden (Buck) Morrow, the Chairman of the Calico, has agreed to accept the additional positions of President and Chief Executive Officer of the Calico.

Mr. William S. Wagener has resigned as President and Chief Executive Officer of Calico for personal reasons and in order to pursue other business opportunities. Calico wishes to express its appreciation for Mr. Wagener’s dedication and diligence while working with the Company.

Mr. Morrow stated,“as the new President and Chief Executive Officer, my intention is to work closely with our team of skilled professionals in order to guide the Company through the next critical steps necessary for the exploration and development of Calico’s Grassy Mountain Project.”

About Grassy Mountain

The Grassy Mountain Project contains NI 43-101 compliant (see March 29, 2012 Technical Report) Indicated resources of 1,271,300 ounces of Au in 37,471,000 tonnes averaging 1.055 g/t at a 0.34 g/t cutoff and Inferred resources of 305,600 ounces of Au in 15,733,300 tonnes averaging 0.604 g/t at a 0.34 g/t cutoff. Contained in the resource above, is a higher grade NI 43-101 compliant resource suitable for underground mining with Indicated resources of 540,200 ounces Au in 3,195,400 tonnes averaging 5.258 g/t at a 2.06 g/t cutoff and Inferred resources of 58,500 ounces Au in 302,600 tonnes averaging 6.010 g/t at a 2.06 g/t cutoff.

Qualified Person

Vance Thornsberry, Calico’s Vice President of Exploration, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release.

On behalf of the Board,

Arden (Buck) Morrow

President and CEO

aus: http://calicoresources.com/press-releases/calico-announces-m…
Kann ich noch nicht beurteilen, aber prinzipiell ist das eher eine schlechte Nachricht, in einem so frühem Stadium den CEO zu verlieren.
Mittlerweile hat Calico sich entschieden, sich ganz auf Grassy Mountain zu konzentrieren.
http://www.marketwatch.com/story/calico-focuses-all-efforts-…
Eine vernünftige Entscheidung.

Calico Resources has begun the process of securing permits for the Grassy Mountain project, a consultant told the Ontario Chamber of Commerce in Oregon.

Calico Resources Corp. (TSX: V.CKB, Stock Forum) is working to secure the permits it needs to build a gold mine and related processing facilities in Malheur County, in Eastern Oregon.

According to a report in the The Argus Observer, a community newspaper, the permitting process will take about a year and a half, and will involve a number of federal agencies.

The forecast is based on a presentation by consultant Andy Bentz, who spoke last week to the local Chamber of Commerce in Ontario, a community located on Oregon’s eastern border. The property itself is situated in Oregon, about 70 miles west of Boise, Idaho and 22 miles southwest of Vale, Oregon.

A Calico spokeswoman in Vancouver confirmed that the company is seeking permits for the Grassy Mountain project, which it acquired from Seabridge Gold Inc. (TSX: T.SEA, Stock Forum) (NYSE: SA, Stock Forum) earlier this year. The site had been previously explored by Newmont Mining Corp. (NYSE: NEM, Stock Forum) and Atlas Precious Metals Inc.

Under an amended option agreement announced on March 29, 2012, Calico acquired a 100% stake in the property from Seabridge. In return, it issued 11 million securities in what the company said was a to-be-determined combination of shares and special warrants. It also granted Seabridge a 10% net profits interest.

Each special warrant entitles the holder to convert it into one common share of Calico, without payment of any cash, subject to the number of common shares held by Seabridge after conversion being less than 20% of Calico’s outstanding common shares.

However, once Calico has completed a feasibility study and secured the necessary permits, Seabridge will have the option to sell the 10% net profits interest back to Calico for a one-time payment of $10 million.

Calico has agreed that should Seabridge elect to sell the NPI for the $10 million payment and Calico is unable to make the payment, then Calico must return the property to Seabridge.

Drill-indicated resources at Grassy Mountain now stand at 1.3 million ounces gold and 4.1 million ounces of silver.

Bentz said a future mining operation could provide work for up to 150 people.



http://www.stockhouse.com/Community-News/2012/June/25/B-C--c…
http://calicoresources.com/press-releases/calico-resources-r…

Calico Resources Reports 1.6 Million Ounce M + I Gold Resource at Grassy Mountain

Calico Resources Reports 1.6 Million Ounce M + I Gold Resource at Grassy Mountain

Vancouver, October 16, 2012 – Calico Resources Corp. (TSX-V: CKB, OTCQX: CVXHF)

(The “Company” or “Calico”) is pleased to report an updated mineral resource estimate for the Grassy Mountain Deposit. This updated mineral resource estimate demonstrates: (1) a substantial improvement in the quality level (that is, an increase in the mineral resource category), (2) an increase in the size of the total mineral resource and (3) a significant upgrade in the higher-grade portion of the mineral resource at the Grassy Mountain Gold Deposit.

The updated resource contains 1,416,700 ounces of gold averaging 1.30 g/t (0.038 opt) in the Measured category and 183,700 ounces averaging 0.56 g/t (0.016 opt) Indicated at a 0.4 g/t (0.012 opt) cutoff. Total Measured plus Indicated is 1,600,400 ounces at a weighted average grade of 1.13 g/t (0.033 opt) at a 0.4 g/t (0.012 opt) cutoff.

Contained within this mineral resource is a higher-grade portion of the deposit, potentially extractable by underground mining methods, of 713,400 ounces gold in the Measured category averaging 9.48 g/t (0.276 opt) and 26,700 ounces of gold Indicated averaging 8.75 g/t (0.255 opt) at a 2.7 g/t (0.079 opt) cutoff. Total Measured plus Indicated in the higher-grade portion is 740,200 ounces gold at a weighted average grade of 9.45 g/t (0.276 opt) at a 2.7 g/t (0.079 opt) cutoff.

This current mineral resource estimate incorporates the use of a detailed 3D geologic model. Utilization of this model allows for a substantial portion of the resource to be upgraded to the measured category. The increased understanding of the style of mineralization and geologic controls supported by the geologic model allowed Gustavson & Associates, LLC to expand the size of the block model and to support the continuity of the mineral resource. The 3D geologic model utilizes drill hole information, field geologic maps, and geophysical data. Lithologic contacts, alteration boundaries, and structural zones were modeled to better understand the geologic controls on the mineralization at Grassy Mountain. The geologic interpretation is supported by exploration drilling on a 100-foot by 50-foot grid through the center of the resource.

The table below shows the measured, indicated and inferred mineral resources estimated within the Grassy Mountain Deposit (effective date of September 26, 2012). Mineral resources are reported using a 0.4 g/t (0.012 opt) gold cut-off-grade. There are discrete higher-grade zones contained within the resource that can be represented by using a 2.7 g/t (0.079 opt) gold cut-off-grade.




Eine sehr schöne Entwicklung ist das und es zeigt auch, dass die vorherige Ressourcenschätzung von Seabridge Gold valide war und jetzt von Gustavson bestätigt wurde.

Der Kurs pennt weiter und zuletzt konnte auch nur eine Minifinanzierung (830.000$ statt 2 Mio) durchgezogen werden.
Es wird eben alles an Oregon gemessen - wenn Calico dort einen positiven Bescheid bekommt, gehen die durch die Decke.
Calico Reports Positive Results from 2012 Drilling at Grassy Mountain

VANCOUVER, Jan. 14, 2013 /PRNewswire via COMTEX/ -- Calico Resources Corp. CA:CKB +20.00% (the "Company" or "Calico") is pleased to report the following drill results on its Grassy Mountain Project located in southeast Oregon. This hole, CAL 12R17 successfully tested the continuity of mineralization of the grade/geologic model within the higher-grade "boiling horizon" on the western flank of the deposit. The results also expanded the "mineralized envelope" further to the west than previously recognized.

Highlights:

-- 5.67 grams (0.166 opt) gold over 65.5 meters (215 feet), starting at 525 Feet.

Significant Intercepts:

Hole ID From To (feet) Length Au oz/ton Length Au g/tonne
(feet) (feet) (meters)
CAL12R17 65 845 780 0.061 237.7 2.008
" 525 740 215 0.166 65.5 5.672
" 525 620 95 0.216 28.96 7.402
" 620 680 60 0.051 18.29 1.734
" 680 725 45 0.235 13.72 8.033


Drill composites were calculated using a cut-off of 0.30 g/t. The composite 65 to 845 feet contains 65 total feet of internal waste (<0.30 g/t exceeding any one10 foot interval). All other composites are devoid of internal waste.

CAL 12R17 was drilled North 80 degrees East at an angle of -60 degrees and was also designed to cut mineralization previously identified in older vertical holes drilled in the 1980's. The results from CAL 12R17 strongly confirm the continuity of the gold mineralization between the older vertical holes, as well as expands higher-grade mineralization to the west. Consistency of mineralization between these vertical holes shows there is not a bias in the drilling orientation (i.e. vertical holes vs. northwest or northeast angle holes). Detailed logging of the holes indicates that the higher-grade gold mineralization in this area of the deposit is more stratigraphically controlled and associated with multiple pulses of geothermal activity rather than with structure.

The continuity and consistency of the gold mineralization is shown by the following comparison of hole CAL 12R17 with the two adjacent vertical holes, 26-056 and 26-106. The intercepts are shown with elevations given for the tops and bottoms of the higher-grade gold mineralization.


Hole ID Top elev. Bottom elev. (feet) Grade Grade
(feet) (opt Au) (g/tonne Au)
CAL 12R17 3440 3240 0.166 5.672
26-056 3460 3230 0.132 4.52
26-106 3425 3240 0.140 4.78


Vance Thornsberry, Vice President of Exploration for Calico Resources, stated, "We are extremely pleased with the results of this drilling which continues to confirm our geologic model for the High Grade Underground Deposit. These results will be incorporated into the resource model as well as be used to guide future drill planning. Further drilling would be designed to investigate the Bonanza Zone (boiling zone) within the core of the deposit where numerous multi-ounce gold intercepts have been encountered and to look at a possible "feeder structure" beneath the boiling zone."

About Grassy Mountain

Calico has commenced the permitting process for an underground mine and mill facility at Grassy Mountain. The State of Oregon has accepted Calico's Notice of Intent to develop the project, held several Public Hearings and deemed the Company's Draft Environmental Baseline Study Work Plans sufficient for official review. A Preliminary Economic Assessment is currently being prepared under NI 43-101 standards.

http://www.marketwatch.com/story/calico-reports-positive-res…
CEO Buck Morrow hat sieben Deposits in Produktion gebracht, darunter die Goldstrike Mine in Nevada und die wurde an Barrick Gold verkauft. Calico ist eine Wette auf die Fähigkeiten des Managements und das mit einem guten Projekt in der Hand.
Antwort auf Beitrag Nr.: 44.070.114 von valueinvestor am 27.01.13 17:51:58Hast du eigentlich eine Ahnung wie es hier weitergeht?
Was steht an im Q1/2013 und im restlichen Jahr? Wann soll die Produktion starten bzw. wann kann man mit einer PEA/PFS rechnen?

Weil dazu finde ich nix in der Januar-Präsentation!
Ebenso steht da nix vom aktuellen Cash-Bestand.

Sind beides so Punkte, die mich immer nerven. Denn sowas gehört imho in jede Investor's Presentation!
Die Geschichte ist eigentlich ganz einfach: Das Projekt liegt in Oregon. Wenn Calico in der Präsentation mehrere Seiten auf den Vergleich der Genehmigungsverfahren von Oregon mit anderen Bundesstaaten verwendet, ist klar, dass dort der Hund begraben liegt. Der Markt rechnet nicht damit, dass Grassy Mountain genehmigt wird, weil in Oregon angeblich nie etwas genehmigt wird. Dafür braucht es auch vor der Hand kein neues Geld - die Ressourcen sind da und bei den Graden kann man echt in Nullkommanix loslegen, wenn die Genehmigung da ist, ist auch eine Finanzierung kein Problem, nach so einem Projekt sehnen sich die Royalties und Streamer Unternehmen
Antwort auf Beitrag Nr.: 44.070.780 von valueinvestor am 27.01.13 23:14:17nach so einem Projekt sehnen sich die Royalties und Streamer Unternehmen

Scheinbar nicht - schoen geschrieben von dir bei Kurssppitzen um 0,55-0,60 Cent und nun nur noch 8 Cent.
8 Cent sind immerhin genausoviel, wie die von dir bei deutlich höheren Kursen (jeweils über 1$) protegierten Abzu, Dorato und die sog. Wealth Minerals heute zusammen auf die Waagschale bringen
- bitte keine falsche Bescheidenheit, mein Lieber!

Man wird sehen, wie das Genehmigungsverfahren weiterläuft - bis dahin wird die Firma irgendwie über die Runden kommen müssen, mit all den Finanzierungsproblemen, die es derzeit gibt. Die Aussagen aus #21 gelten weiter, dafür gibt es eindrucksvolle Belege.
Antwort auf Beitrag Nr.: 44.839.433 von valueinvestor am 13.06.13 08:43:34irgendwie über die Runden kommen müssen

Sie haben kein Geld (siehe aktuelles FS) und nur eine abgehalfterte Seabridge Property. Es wird weitere Verwaesserungen geben, vermutlich unter 16 CadCent.
There’s gold in them thar hills

Company could pull nearly $1 billion of gold from ground in Malheur County

There’s gold in them thar hills

VALE

If approved, a proposed gold mine in the middle of the remote Malheur County desert could produce more than 700,000 ounces of gold, according to estimates from the company seeking to build the mine.

At today’s current price of $1,290 per ounce, that would equal nearly a billion dollars, or $903 million, worth of gold in them hills.

The so-called Grassy Mountain gold mine, being proposed by Calico Resources, is still at least a couple of years away from actual production, but if all goes as planned, it could have a major impact on the region.

The Grassy Mountain mine site lies about 25 miles southwest of Vale and northwest of Owyhee Reservoir. The site of Calico’s claims covers about 62 acres. The total permit area is 270 acres, including a mill site and access road area.

Once up and running, Calico officials expect the mine to be in operation for eight to 10 years, but that could be longer if additional ore is discovered, according to Andy Bentz, the former Malheur County Sheriff, who is now public and governmental affairs officer for the company.

A resource of this size requires that mining and milling operations will process 1,000 to 1,500 tons of ore per day, the company said.

Bentz said that with an operation this size, as many as 130 to 150 people could be working at Grassy Mountain.

Currently, much of the work has been done by companies with which Calico has contracted, such as drilling companies and other specialists, he said. If the mine is approved, all kinds of workers will be needed. These include people to work in the mine, mill workers, electricians, pipefitters, truck drivers and equipment operators. Calico will hire locally as much as possible, Bentz said, and there is interest by local people who are working in mines elsewhere. But “Expertise has to be brought in,” he said.



weiter lesen:
http://www.argusobserver.com/news/there-s-gold-in-them-thar-…
Antwort auf Beitrag Nr.: 45.091.775 von valueinvestor am 22.07.13 16:57:37



Einfaches Einfügen von wallstreet:online Charts: So funktionierts.


former Malheur County Sheriff

Nomen est Omen. :laugh:

Die Aktie verharrt weiter beim Tief um 8 CADCent., trotz allgemeiner Erholung bei den Goldwerten. Ich frage mich rnsthaft, wie die ihr aufwaendiges Projekt weiter finanzieren wollen.
Antwort auf Beitrag Nr.: 45.091.775 von valueinvestor am 22.07.13 16:57:37Die meisten Goldexplorer liegen um zum grossen Teil nun 50% ueber dem Jahrestief. Nur bei Calico ist es anders. Hast du dafuer eine Erklärung?
September 12, 2013 22:17 ET
Seabridge Gold Acquires an Additional 1,671,000 Common Shares of Calico Resources Corp. Upon Exercise of Special Warrants

The Acquired Shares were issued in a private transaction.

--

Wenn man bedenkt, wie die vom Team um seabridgegold@xxx.xx bei Hoechstkursen beworben worden sind, der Deal um Grassy Mountain bejubelt wurde und nun die Shares bei 9 Cent rumduempeln ... hier sollen wollen Scherben aufgelesen werden.
Aber Hut ab vor dem Management. Grassy Mountains fuer lau (Shares) von Seabridge bekommen, nun in Absicht die Property fuer 30 Mio. zu verkaufen, waehrend die blamierten Manager von Seabridge Gold einen Bruchteil von dem Geld abbekommt und sogar noch bei der NPI-Vereinbarung runtergehandelt wurde. :laugh:

CALICO TO SELL ITS GRASSY MOUNTAIN GOLD PROJECT

http://calicoresources.com/news-releases/calico-to-sell-its-…
Kurze Rechnung zu der Übernahme des Projekts:

Calico erhält 30 Millionen Dollar, muss an Seabridge 2,5 Millionen zahlen, im Saldo also 27,5 Millionen Dollar. Jetzt gleicht man von der Summe noch das working capital ein etwa minus 300.000 Dollar, rechnen wir also grob mit 27 Millionen Dollar, davon bleiben 8 Millionen Defizitvortrag steuerfrei, es könnte also nach Steuern eine Summe von 21,3 Millionen Dollar bei Calico hängen bleiben.
Derzeit gibt es 51 Millionen Aktien, macht einen Buchwert von 41 Cent je Aktie, womit eventuelle Verwässerung durch ausstehende Warrants nicht sonderlich ins Gewicht fällt.

Ich finde, hier ist noch eine exzellente Arbitragemöglichkeit, wenn man auf das Gelingen des Deals Tippen will. Mit dem Kapital wird Calico im jetzigen Marktumfeld schön einkaufen gehen können.

Daß hier eine Transaktion, die zu einer Verdreifachung des Kurses führte im Thread verlacht wurde, muss man glaube ich nicht weiter kommentieren - das spricht für sich selbst. Ich habe jüngst zugekauft.
Antwort auf Beitrag Nr.: 46.020.448 von valueinvestor am 10.12.13 16:05:16hier ist noch eine exzellente Arbitragemöglichkeit

Das Geld muss erst einmal kommen und dann nicht versickern. Man sollte nach Geldeingang einen 30%igen Abschlag einbauen ...

Der Deal war sehr gut. Aus praktisch nichts ca. 20 Mio. Dollar gemacht und dabei die "Manager" von Seabridge Gold gnadenlos blamiert.

Ich habe jüngst zugekauft.

Sehr mutig bei Kursen von 20 Cent zu kaufen ... sehr riskant ...

Denk mal darüber nach,

BL
Nun entwickelten sich die Dinge negativ.



Calico issues default notice to Rockstar


2014-02-03 21:02 ET - News Release


Mr. Arden Morrow reports

ROCKSTAR DEFAULTS UNDER MEMORANDUM OF AGREEMENT

Calico Resources Corp. has not received from Rockstar Resources Inc. the required second down payment under the memorandum of agreement dated Dec. 2, 2013, which memorandum of agreement was initially announced by Calico on Dec. 3, 2013. As a result, Calico has delivered to Rockstar Resources a written notice of default advising, amongst other things, that Rockstar's right to purchase had come to an end and the initial down payment has become non-refundable and will be retained by Calico.

We seek Safe Harbor.
Calico Resources appoints Layman to board

Presently, Mr. Layman is the president and COO and a director of Seabridge Gold Inc.

...

Nun haben sie Seabridge Gold ins Direktorium geholt, ein Einäugiger unter den Blinden. Der Schaden ist riesig, die Grassy Mountain Property dürfte praktisch unverkäuflich sein, da die Nachricht "Verkauf" vor dem Scheitern wie eine verhärmte Sau durch das Dorf getrieben wurde und jeder Hintlerwaelder das Desaster mitbekommen haben dürfte.
Cash and cash equivalents

$ 235,090 (31.12.14)

Verbindlichkeiten:

Current liabilities
Trade payables and accrued liabilities
6
$ 568,572

--

Die brauchen sehr rasch Geld ...

---

SEDAR Interim Financial Statements
Ticker Symbol: C:CKB

SEDAR Interim Financial Statements

Calico Resources Corp (C:CKB)
Shares Issued 51,695,369
Last Close 2/25/2014 $0.16
Thursday February 27 2014 - SEDAR Interim Financial Statements

This filing is available at:

http://www.stockwatch.com/News/Sedardoc.aspx?docid=3077517" target="_blank" rel="nofollow">http://www.stockwatch.com/News/Sedardoc.aspx?docid=3077517


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