Eastern Oregon gold mine planned

| Print |  Email
Must Reads
Wednesday, July 25, 2012

Colorado-based Calico Resources plans to excavate $2 billion worth of gold outside of Vale in Eastern Oregon.

“I kind of scratch my head from time to time,” [Arden “Buck” Morrow] said, “because when you go out there you don’t see anything that just jumps out at you that says, ‘Oh, this may have gold in it.’"

But more than 20 years of prospecting and $30 million-plus of research by multiple companies says otherwise, and Morrow, the president and CEO of Colorado-based Calico Resources, is planning to extract it. This month, Calico became the first company in Oregon in 17 years to receive approval to move forward with permitting of its mining operation.

Permitting will take a couple of years yet, but construction of the mine and processing facility eventually will pump between $50 million and $100 million into the local economy.

Read more at The Daily Journal of Commerce.

{biztweet}gold oregon{/biztweet}

 

More Articles

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

Streetfight

News
Sunday, December 07, 2014
BY LINDA BAKER

On Friday, Uber switched on an app — and with one push of the button torpedoed Portland’s famed public process.


Read more...

Dan and Louis Oyster Bar opens up to a changing neighborhood

The Latest
Thursday, December 11, 2014
121114-oystervidBy MEGHAN NOLT

VIDEO: Revamping a Classic — an iconic eatery stays relevant in a changing marketplace.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

OB Poll: Wineries and groceries

News
Friday, October 24, 2014

24-winethumbA majority of respondents agreed: Local vineyards should remain Oregon-owned and quality is the most important factor when determining where to eat or buy groceries.


Read more...

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

Healthcare Perspective

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

A conversation with Majd El-Azma, president and CEO of LifeWise Health Plan of Oregon, followed by the Healthcare Powerlist.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS