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.
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.