SANTO DOMINGO, Dominican Republic, Oct. 19, 2012 (GLOBE NEWSWIRE) -- Santo Mining Corporation (OTCBB:SANP), (the "Company"), is pleased to announce that Mr. Elpidio Moronta has been appointed to the SMC team as full time Exploration Field Geologist. Mr. Moronta is a seasoned Dominican Geologist who previously worked at Pueblo Viejo and Cerro de Maimon which straddles the Santo Mining claim.
From June 2007 to May 2008 Mr. Moronta worked with Placer Dome, which was later taken over by Barrick Gold during this period. During this term he served as a Geotechnical and Geostructural Geologist identifying drill targets for the project.
From May 2008 until August 2011 he worked a Senior Supervisor of the Process Plant and Operations Control, with Corporacion Minera at the "Cerro de Maimon" gold silver and copper mine, which is now Perilya. More recently from September 2011 to July 2012 he worked with the respected firm of Rocas y Minerales Dominicana where he was assigned to a wide variety of technical duties including geochemical sampling.
Mr. Moronta graduated in 2002 in geology and mines from the Insituto Technologico del Cibao Oriental. Since his first day on the team at Santo Mining Mr. Moronta has been supervising the exploration crew collecting soil samples on a 100 meter grid at the company's flagship "Walter" claim.
Santo Mining President Al French stated, "We are extremely fortunate to have Elpidio join our exploration team. Almost all his work experience has been gained in the hills that are within walking distance of our "Walter" gold claim it is as if he was tailor made for us. He knows the local geology and territory like the back of his hand and is enthusiastic about Santo Mining's prospects. I've observed his methodical work style and meticulous attention to detail which can only enhance our success in the field".
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.
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.
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Source:Santo Mining Corp.