SANTO DOMINGO, Dominican Republic, Oct. 24, 2012 (GLOBE NEWSWIRE) -- Santo Mining Corp. (OTCBB:SANP), (the "Company"), received a complementary news report recently published by the Dominican Today.
"We are very excited by all of the positive attention Santo Mining has received. We are currently engaged in high level discussions and preparing NDA agreements with other mining groups. We look forward to great things to come," stated Al French, Santo Mining President and CEO.
The article from the Dominican Today discusses the struggles of many South African mining companies in comparison to operators in the Dominican Republic's Hispaniola Arc, which are thriving. The author believes that the South African mining disruptions will increase demand for gold production from the Dominican Republic. Some of the more interesting quotes from the article include:
"The Dominican Republic is one example of a region that could benefit from South Africa's persistent labor issues. The country has a pro-mining policy and is a full member of the DR-CAFTA Treaty, under which foreign investors from the U.S. and the other member countries are covered by a wide spectrum of protective provisions. The Hispaniola Gold-Copper Back-Arc, a volcanic belt running the width of the island, contains significant reserves of gold and silver as well as industrial metals."
"Companies here in the Dominican include a who's who of mining leaders such as Goldcorp, Perilya Gold, Goldquest, Newmont Mining, Eurasian, Everton, Brigus (BRD), Unigold, and Xstrata. But investors seeking an up-and-comer might want to consider taking a closer look at a junior gold exploration firm, Santo Mining Corp. (SANP).
The company has moved decisively to acquire six high-potential claims within the gold region, alongside many of the best-known names in the business—and could very easily be on the path to much bigger things."
The entire article may be found at the below address: http://www.dominicantoday.com/dr/economy/2012/10/19/45499/Dominican-miners-could-boost-outlook-on-South-Africa-strikes
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. For more information visit our website at: www.santomining.com
The Santo Mining Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14686
Further information on the Company and its filings can be found at www.sec.gov
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: For further information, please contact: Investor relations: Circadian Group North American Toll free: 1(866) 603-3330 or +1(647) 930-1037 email@example.com
Source:Santo Mining Corp.