(PanamaInvestorBlog) 
The state will spend $ 90,000 for this study, while the Andean Development Corporation will contribute $ 476 000 through a non-reimbursable fund.
The Minister of Finance Alberto Vallarino said that studies are carried out throughout the country, and mentioned areas in Bocas del Toro, on the border with Costa Rica, south of Chiriqui, in the Gulf of Panama in the Gulf of Urabá , among other locations.
The study will shed which would have greater chances of success in exploration, he added.
The National Economic Council yesterday also approved the purchase of land for $ 1.8 million to build a new hospital that will serve the districts of Chilibre, Las Cumbres and Mayor Diaz.
The hospital will be built with a donation of $ 25 million from the Government of Taiwan.