Santo Mining Acquires 100% HENRY Gold Claim in Dominican Republic
October 17 2012 - 9:15AM
Santo Mining Corp. (OTCBB:SANP)
,
(the "Company"), is pleased to announce that it
has acquired 100% of the HENRY gold exploration claim (the "HENRY
Claim") in the mineral-rich Hispaniola Gold-Copper Back-Arc
of the Dominican Republic. This acquisition is part of the
Company's aggressive campaign to assemble a heavy-duty portfolio of
precious and base metal claims.
The HENRY Claim is a 1,990 hectare claim strategically located
less than 8.5 miles northwest of one of the World's largest gold
mines, the 25.3-million-ounce Barrick Gold Pueblo Viejo mine, and
3.5 mile northeast of Falcondo Xstrata's massive nickel
complex.
The highly prospective polymetallic claim is situated in the
heart of the Maimon formation of the Hispaniola Gold-Copper
Back-Arc, which is host to several polymetallic volcanogenic
massive sulphide-type deposits, namely the Cerro de Maimon and the
Loma Pesada deposits.
According to Company President Al French, "We are optimistic
that the upcoming geochemical exploration survey will return
positive results for gold and other precious and base metals, as is
typical for the immediate area. Meanwhile our goal is to keep the
momentum of acquiring a quality claim every week or so."
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.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of metals
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance those beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
CONTACT: Investor relations: Circadian Group
North American Toll free:
1(866) 603-3330 or +1(647) 930-1037
info@santomining.com
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