OceanaGold sets sight on El Salvador project

OceanaGold Corporation has launched a takeover of Pacific Rim Mining, to gain hold of the El Dorado gold project, in El Salvador.

"We believe this transaction will provide OceanaGold shareholders with potential exposure to a high-grade gold/silver resource located in a very prospective region,” said OceanaGold MD and CEO Mick Wilkes.

“The project has the potential to be an economic engine for El Salvador, much like our recently commissioned world-class Didipio mine has been for northern Luzon in the Philippines," he added.

Source: Mining Weekly