A unit of Placer Dome (TSE) has terminated a joint venture with Carlin Gold (ASE) on the junior’s Stockade Mountain gold property in eastern Oregon.
Carlin President William Long said that, despite significant results, the company decided to heed “concerns voiced about possible implementation of onerous state and federal mining regulations”.
Carlin Gold still plans to drill properties held in Calaveras Cty., Calif., this year. But because of the pending legislative changes in mineral law in the U.S., the company intends to shift its focus to foreign countries.
Be the first to comment on "NEWS ROUNDUP — Placer drops Stockade property"