SANTO DOMINGO, Dominican Republic, Sept. 14, 2012 (GLOBE NEWSWIRE) -- Santo Mining Corporation (OTCBB:SANP), (the "Company") has announced the appointment of Alain French as its President and CEO. Mr. French resigned as secretary of the Company, and replaces Rosa Ruiz in the top post. Over the past several years, Mr. French has built one of the largest portfolios of precious and base metal claims in the Dominican Republic for his wholly owned private company, Gexplo, SRL.
With Gexplo, Mr. French assembled a team of top exploration experts, some of whom have been instrumental in making major discoveries in the mineral-rich territory. This seasoned team, with more than 100 years of combined experience, has assisted him in the assembly of numerous highly prospective claims, many of which are adjacent to properties owned and operated by Barrick Gold, Perilya Gold, Xstrata and GoldQuest.
With 13 years of experience working in the mining sector of the Dominican Republic, Mr. French has built many valuable relationships with the members of the government mining agency.
From 2005 to 2010, Mr. French was the managing partner of Corona Materials, LLC, a private company involved in the quarrying, crushing and exportation of construction aggregates in the Dominican Republic. At Corona, Mr. French managed exploration activities including sample collection, drilling, and analysis for the company's proposed $224 million super quarry and marine loading terminal.
Mr. French has received diplomas in Mine Engineering and Volcanic Geology. He is multilingual with four languages and has an extensive educational background in science, engineering, and business administration.
Alain French and his team of specialists are confident that they will quickly define near-term production gold and base metal deposits within the extraordinary collection of metallic claims at their disposal.
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 for 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 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.