This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Santo Mining Corp. Modular Field Office Deployed Near Pueblo Viejo

SANTO DOMINGO, Dominican Republic, Oct. 12, 2012 (GLOBE NEWSWIRE) -- Santo Mining Corp. (OTCBB:SANP), (the "Company"), announces that the Company has moved its field operations and modular field office to a yard that is closer to Maimón, the epicenter of the world class mining district in the Dominican Republic. Exploration of the five initially acquired poly metallic claims will be orchestrated from this new facility and the Company also plans to conduct due diligence on a pipeline of prime gold claims in the area.

This satellite office will improve the exploration team's efficiency and reduce daily travel times by 2-3 hours or more. The secure area has sufficient space for sample processing and storage, heavy equipment storage and even helicopter operations.

Santo Mining President Al French said, "Now that the Santo Mining field office is mobilized near Pueblo Viejo, our exploration team will move into the new facility today. Without missing a beat we will immediately start sampling soils on a 100 meter grid basis at the Walter claim, which is located less than a mile from Barrick Gold's 25 million ounce "Pueblo Viejo Mine" and Perilya's "Cerro de Maimón" gold mine. Any newly defined precious or base metal soil anomalies will be followed-up by air-track drilling through the shallow quaternary sediment layer. A consulting geologist previously reported that the claim has considerable potential of finding Volcanogenic Massive Sulfide (VMS) deposits similar to Perilya Gold's nearby Cerro de Maimón, Loma Pesada, Loma La Mina."

About Santo Mining Corporation

Santo Mining Corporation is an aggressive junior minerals exploration and development company, based in the Dominican Republic. The Company is actively pursuing the acquisition and exploring of properties, which are strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area in the Dominican Republic. A detailed description of the Company's activities is available at www. SantoMining.com.

Further information on the Company and its filings can be found at www.sec.gov

The Santo Mining Corporation logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=14686

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, such as the Company's plans to acquire a number of highly prospective gold exploration properties, which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Company's properties and the timing of any work program or exploration activities, and any results that may be obtained or the commencement of production.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs