VANCOUVER, June 16, 2011 /CNW/ - Calico Resources Corp. (TSX-V: CKB)
(the "Company" or "Calico") is pleased to announce that the initial
share payment of 2,000,000 shares has been delivered to Seabridge Gold
Inc. ("Seabridge") in accordance with the option agreement to acquire
100% of the Grassy Mountain project.
Calico is eager to begin work on Grassy Mountain and anticipates that
drilling on the project will commence this summer.
On behalf of the Board,
William S. Wagener
President and CEO
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.
"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."
SOURCE CALICO RESOURCES CORPORATION
For further information:
Terri Anne Welyki - Vice-President of Corporate Development - 604-681-6855