The Quartz Mountain project has been put on hold because of technical and permitting problems, compounded by a lower gold price than expected.
The project, in southern Oregon, is owned 50-50 by Toronto-listed Pegasus Gold and Quartz Mountain Gold.
Pegasus will focus on reclamation of 17 line miles of drill and access roads. In early February, shareholders of Quartz Mountain approved plans to consolidate on the basis of 10 old shares for one new share. Also, the name was changed to QM Minerals.
Be the first to comment on "NEWS ROUNDUP — Quartz Mountain put on hold"