Grassy Mountain Project Malheur County, Oregon: A Summary
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1 Oregon Department of Geology and Mineral Industries Grassy Mountain Project Malheur County, Oregon: A Summary Bob Houston, RG Hydrocarbon & Metallic Ore Geologist Grassy Mountain 0 Calico,
2 Sherry & Yates, Inc Atlas Precious Metals Au Spot Price: USD/oz. 1984: Mapping & sampling 2
3 Regional Geologic Map and Lithologic Units Grassy Mountain 3,972 Calico, ,557 asl Figure modified from 3
4 Sherry & Yates, Inc Atlas Precious Metals 1986 Exploration Ltd Leased from Atlas Au Spot Price: USD/oz Atlas completed a Feasibility Study : 1986 to 1991: Mapping & Mapping, sampling sampling, and Grassy Mountain Project: A Summary drilling (403 drill holes) 4
5 Exploration phase: Continuous Figure modified from 5
6 Geologic map (surface geology) Figure modified from Figure modified from 6
7 Sherry & Yates, Inc Atlas Precious Metals 1986 Exploration Ltd Leased from Atlas 1992 Returned to Atlas Au Spot Price: USD/oz Atlas completed a Feasibility Study 1993 filed NOI 1995 completed mineral resource estimate : Mapping & sampling 1986 to 1991: Mapping, sampling, and drilling (403 drill holes) : Mapping, sampling, geophysical and drilling programs (15 drill holes) 7
8 Exploration phase: Continuous Figure modified from 8
9 Building a detailed geologic model 9
10 Sherry & Yates, Inc Atlas Precious Metals 1986 Exploration Ltd Leased from Atlas 1992 Tombstone optioned the property 1998 Returned to Atlas 1996 Returned to Atlas Au Spot Price: USD/oz Atlas completed a Feasibility Study 1993 filed NOI 1995 completed mineral resource estimate : Mapping & sampling 1986 to 1991: Mapping, sampling, and drilling (403 drill holes) : Mapping, sampling, geophysical and drilling programs (15 drill holes) 1998: Drilling program (10 drill holes) 10
11 Data Collection 11
12 Sherry & Yates, Inc Atlas Precious Metals 1986 Exploration Ltd Leased from Atlas 1992 Tombstone optioned the property 1998 Returned to Atlas 1996 Returned to Atlas 1998 Seabridge optioned the property 2000 Seabridge complete acquisition 2003 Calico Resources Corp optioned the property Au Spot Price: USD/oz Atlas completed a Feasibility Study 1993 filed NOI 1995 completed mineral resource estimate : Mapping & sampling 1986 to 1991: Mapping, sampling, and drilling (403 drill holes) : Mapping, sampling, geophysical and drilling programs (15 drill holes) 1998: Drilling program (10 drill holes) 12
13 Sherry & Yates, Inc Atlas Precious Metals 1986 Exploration Ltd Leased from Atlas 1992 Tombstone optioned the property 1998 Returned to Atlas 1996 Returned to Atlas 1998 Seabridge optioned the property 1998 Seabridge complete acquisition 2003 Calico Resources Corp optioned the property 2011 Paramount Gold Nevada* Au Spot Price: USD/oz Atlas completed a Feasibility Study 1993 filed NOI 1995 completed mineral resource estimate 2012 Calico filed NOI 2013 Calico filed a new NOI and baseline data collection methodologies 2015 Calico completed an amended PEA 2017 Calico filed a new NOI and baseline data collection methodologies : Mapping & sampling 1986 to 1991: Mapping, sampling, and drilling (403 drill holes) : Mapping, sampling, geophysical and drilling programs (15 drill holes) 1998: Drilling program (10 drill holes) : Drilling program (17 drill holes) : Drilling program (30 drill holes) 13
14 2017 NOI Boundary Mine and Process Area: 886 acres Access Road Area: 876 acres Total Permit Area: 1,762 acres 14
15 Mining Claims Calico reports associated claims totaling 9,300 acres 3 patented (private) lode claims where the deposit is located, 418 unpatented lode claims, 9 mill site claims, 6 associated placer claims, and various leased fee land surface and surface/mineral rights. ( Figure modified from 15
16 Continued drilling and filed Baseline Data Collection Methodologies Figure modified from 16
17 Building a detailed geologic model 17
18 A Conceptual Mine Plan and Processing Facilities 18
19 Processing Facilities (conceptual) 19
20 THANK YOU References: Metal Mining Consultants Inc., 2015, Amended Preliminary Economic Assessment Calico Resources Corp. Grassy Mountain Project Malheur County, Oregon, USA, 176 p. Oregon Department of Geology and Mineral Industries
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