SANTO DOMINGO, Dominican Republic, Oct. 4, 2012 (GLOBE NEWSWIRE) -- Santo Mining Corporation (OTCBB:SANP), (the "Company"), has announced that Francisco "Ramoncito" Vasquez has been appointed as lead exploration scout of the Company. Mr. Vasquez, better known as "Ramoncito," has worked for 30 years as a mineral scout for renowned geologists and mining exploration companies throughout the Dominican Republic.
Mr. Vasquez participated in the early exploration for the Rosario Resources Corp. in the areas around the mine site now known as Barrick Gold's Pueblo Viejo. He has also participated in exploration for Minera Hispaniola SA, Everton Resources and Newmont Mining Corp.
Reputed to be one of the most experienced gold scout in the Dominican Republic, Mr. Vasquez has extensive local knowledge of the primary mineralized areas across the country.
"Having a legendary figure like Francisco Vasquez join our team is a considerable coup," said Santo Mining Corp CEO and President Alain French. "His reputation is unparalleled, and we look forward to employing his exploration talents."
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 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.