VANCOUVER,
June 19, 2013 /CNW/ - Calico
Resources Corp. (TSX-V: CKB) ("Calico" or "the Company")
announces it has received funds from the June 8, 2013 warrants with 1,237,500 shares being
issued, representing 94.3 percent of the warrants being
exercised.
"I would like to thank all those that exercised
their warrants for trusting in the Company management and the
future of the Grassy Mountain Project. The continued support
by our investors is important to the success of the Company and the
permitting process." stated Buck
Morrow, Chairman of Calico.
The Grassy Mountain gold project is located in
Malheur County, Oregon
approximately 70 air miles west of Boise,
Idaho and 22 miles south of Vale,
Oregon. The Project is currently in the permitting
process for a high grade underground mining operation. The
seasonal baseline data collection and water sampling program are
the current focus of the permitting effort. The permitting
process continues on time and on budget.
Calico commenced the consolidated state/federal
production permitting application process at the beginning of 2012.
On February 8, 2012, Calico filed its
notice of intent with the Oregon Department of Geology and Mineral
Industries. On June 12, 2012, DOGAMI
confirmed in writing, the acceptance for filing of the notice of
intent. Calico then prepared various study methodologies and
submitted those methodologies for approval. On March 8, 2013, DOGAMI approved the baseline
methodologies and related study plan of the Company. Since then the
Company has been proceeding with its production permit process.
Calico fully expects that the permitting process
will continue in the normal course as provided for in Division 37,
and expects the State of Oregon to
grant a permit for placing the high-grade underground Grassy
Mountain gold project into full production.
CALICO RESOURCES CORP.
Per: Buck
Morrow,
President & 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.
Cautionary Statement
This document contains "forward-looking
statements" within the meaning of applicable Canadian securities
regulations. All statements other than statements of
historical fact herein, including, without limitation, statements
regarding exploration plans and other future plans and objectives,
are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements
will prove to be accurate and future events and actual results
could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from our expectations are disclosed in the Company's
documents filed from time to time via SEDAR with the Canadian
regulatory agencies to whose policies we are bound.
SOURCE Calico Resources Corporation