El Salvador president proposes bill to overturn metals mining ban
In 2017, El Salvador became the first country in the world to ban forms of metals mining.
Candente Gold has exercised its option to acquire a 50% interest in the El Oro Gold Project, owned by Luismin S.A. de C.V., a subsidiary of Goldcorp. Inc.
“We are very pleased to lock in 50% ownership of the El Oro Gold Project, and to continue our exploration of the El Oro district in order to acquire an additional 20% interest,” said Joanne Freeze P.Geo., President & CEO. “We believe, particularly in light of recent discoveries, that El Oro may host multiple zones of gold and silver mineralization, and that it has the potential for the discovery of additional high-grade zones beneath the historic workings where 6.4 million ounces of gold and 74 million ounces of silver were produced.”
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