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Pacific Rim to buy Panama project 'similar' to delayed El Salvador mine

Monday, August 23, 2010

Vancouver-based Pacific Rim Mining, which is in the midst of international arbitration brought against the government of El Salvador, has signed a binding letter of intent to buy a gold project in Panama.

The Remance project has similar geological characteristics to the El Dorado project, where Pacific Rim has been waiting for years to get mining permits.

Unlike El Salvador, Panama is a “mining-friendly” jurisdiction, a Pacific Rim official said.

Original source: Creamer’s Mining Weekly