SANTO DOMINGO, Dominican Republic, Oct. 9, 2012 (GLOBE NEWSWIRE) -- Santo Mining Corporation (OTCBB:SANP), (the "Company"), Santo Mining Corporation President Al French reports that last week during a trip to the Eastern sector of their Walter Claim, the exploration team found further evidence of a former Spanish Colonial smelter. After making some shallow holes in a pasture they recovered slag that still contained some copper and or copper carbonates. Samples will be sent for analysis together with other mineralized samples. Santo Mining's Geological Consultants recently reported "Even though most of the surface area of the claim is covered by Quaternary fluvial sediments, there are plenty of outcrops in the five creeks that meander through the area. The rock under these sediments consist of Maimon Schist, a bimodal metavolcanic formation. Foliation is well developed and a few areas of hydrothermal alterations were observed in The Lajas and Guaré creeks".
The exploration company is waiting for the analytical reports from their previous geochemical survey of the surface which will be followed by a systematic soil sampling on a 100-200 meter grid of the entire claim. The combined results of the geochemical, rock, stream and soil sampling surveys will be overlaid with any available geophysical survey charts to identify potential precious or base metal anomalies. The exploration team plan to investigate any precious or base metal soil anomalies by air-track drilling through the shallow quaternary sediment layer for favorable geology and altered units with sulphide mineralization.
The Walter claim shares the same "Hispaniola Gold Copper Arc" formation with World Class Barrick Gold "Pueblo Viejo" gold mine located 1 mile to the East with 25 Million ounces of Gold and 147 Million ounces of Silver followed by Perilya Gold "Cerro de Maimon" gold mine also 1 mile to the southwest with 1.76 g/mt gold and 31 g/mt Silver; and Falconado Xstrata massive nickel complex close by to the West. The area surrounding this gold and base metal claim has a history of artisanal and colonial mines. Again, Santo Mining's short term objective is to identify drill targets from surface geochemical, shallow drilling and any available geophysical surveys.
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.