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

Power Players

April 2015
Friday, March 27, 2015
BY ROBERT MULLIN

A new energy-sharing agreement sparks concerns about independence and collaboration in the region's utility industry.


Read more...

Editor’s Note: It’s a Man’s World

Linda Baker
Thursday, April 30, 2015
lindablogthumbBY LINDA BAKER | EDITOR

Earlier this week we posted an article from our May issue:  It’s a Man's Man’s Man’s World. The story covered the gender divide in tech from the perspective of male workers. Twitter didn’t like it.


Read more...

Shades of Gray

May 2015
Monday, April 27, 2015
BY KIM MOORE

Are we too quick to diagnose corruption?


Read more...

5 questions for Flywheel CEO Rakesh Mathur

The Latest
Wednesday, April 29, 2015
FW splashBY JACOB PALMER | DIGITAL NEWS EDITOR

Portland is awash in rideshare options. We ask the head of Flywheel what sets his app apart.


Read more...

Knight Cancer Challenge No Biotech Dream

May 2015
Monday, April 27, 2015
BY JOE CORTRIGHT

The Knight challenge is an important instance of philanthropy. But we should not assume it will magically transform OHSU into a business- and job-spinning engine for the local economy.


Read more...

6 highlights from the Craft Brewers Conference

The Latest
Friday, April 17, 2015
thumbcbcPHOTOS BY  JASON E. KAPLAN

The 32nd annual CBC attracted a record number of attendees (11,000)  to the Oregon Convention Center.


Read more...

Much ado about data-driven organizations, for good reason

Contributed Blogs
Monday, April 13, 2015
bigdatathumbBY GRANT KIRBY | OP-ED CONTRIBUTOR

The mega-shift from technology-driven to data-driven organizations raises questions about Oregon’s workforce preparedness.


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