VANCOUVER, BRITISH COLUMBIA, July 3 / MARKET WIRE/ -- Pacific Rim Mining Corp. ("Pacific Rim" or "the Company") (TSX: PMU)(AMEX: PMU) has taken the first steps toward reducing its El Salvador work force in preparation for a slow down in exploration and investment activity on its El Dorado, Santa Rita and Zamora-Cerro Colorado gold projects in El Salvador. As the El Dorado drilling program consumed the bulk of the Company's direct exploration costs in El Salvador, the Company believes it is prudent to reduce its drilling expenditures and suspend drilling activity for the time being. This reduction in exploration activity will continue until such time as the Company's long sought after mining permit for the El Dorado project is granted. In the meantime, Pacific Rim is shifting its generative exploration efforts out of El...
[read full story]
Your Web Site
