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SANTO DOMINGO, Dominican Republic, April 4, 2013 (GLOBE NEWSWIRE) --
Santo Mining Corp. (OTCQB:SANP)
, (the "Company"), is pleased to announce that it has signed a definite agreement to acquire 100% of the "CHARLES" exploration application (the "Charles Claim"). This highly prospective claim is located above San Juan in western Dominican Republic and planted in the heart of the mineral rich "Tireo Formation." Furthermore, the Charles Claim borders Goldquest's renowned La Escandalosa claim where in 2012 three bonanza drill intercepts were reported as being the largest gold discovery in the Dominican Republic in 20 years. The Company continues its positive growth, adding yet another quality claim to its portfolio of exploration concession applications and its focus on near-term gold production opportunities.
A photo accompanying this release is available at
The 278 hectare Charles Claim is located in the gold, silver and copper rich Tireo formation and lies on the eastern border of Goldquest's La Escandalosa.
During early 2013 the Company exploration team, led by Elpidio Moronta, conducted a preliminary reconnaissance and surface geochemical survey of the entire claim. Stream sediment samples were collected from the Rio Guayabo, Rio Piedra Blanca and its tributaries.
Several rock grab and outcrop samples were found which appeared highly mineralized. These samples were sent to Acme Labs in Vancouver for multi-element and fire-assay analysis. The results will be published as soon as they have been interpreted. A detailed follow-up survey is scheduled to begin early April 2013 as soon as the Acme Lab results have been interpreted.