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FEATURE: Santo Mining (SANP:OTCQB) To Become Mexico’s Next Gold and Silver Producer

Posted by AGORACOM-JC at 4:23 PM on Tuesday, June 18th, 2013

                                           

                                                                                          SANP: OTCBB

THREE REASONS WHY SANTO MINING?

  1. Three claims next to Barrick Gold in the mineral rich Dominican Republic
  2. Charles claim 1 mile from Goldquest’s 2012 monster gold discovery
  3. Company to start producing gold and silver in Mexico
NEW GOLD AND SILVER MINING DEAL ANNOUNCED IN MEXICO
  • Entered into a definitive long-term license agreement to develop and mine its three metallic concessions located at Ocampo, Coahuila, Mexico
  • Inferred resource tonneage: 3M mt at 3.17 g/t gold and 57.3 g/t silver
  • Inferred resource ounces: 306K oz gold and 5.5 M oz silver
  • Open-pit mining with truck access to highway
  • Impressive grades up to 8.581 g/t Gold and 148.1 g/t Silver
  • Most entitlements are in place including the environmental permit.

DOMINICAN REPUBLIC OPERATIONS

To give a sense of the scale of the opportunity, consider the following:

  • Pueblo Viejo gold-silver deposit (Barrick/ Goldcorp JV), estimated to contain 23.7 million ounces of gold. There has been documented mining activity here going back to the Spaniards in 1505. Sulphide mining operations here produce more than 450 ounces of gold and 1,800 ounces of silver every day.
  • Falcondo ferronickel mine, which can produce 29,000 tons of nickel each year.
  • Perilya’s Cerro de Maimón copper-gold mine, which constitutes a 6 million ton open-pit copper/gold reserve.

$16 Million Equity Enhancement Program Underway

  • Program allows, but does not obligate, the Company to issue and sell up to $16 million of shares of common stock to the Investor Hanover Holdings NY from time to time over the 36-month period

Charles Claim

This highly prospective claim is located above San Juan in western Dominican Republic and planted in the heart of the mineral rich “Tireo Formation.”

  • Charles Claim borders Goldquest’s renowned La Escandalosa claim where in 2012 three bonanza drill intercepts were reported as being the largest gold discovery in the Dominican Republic in 20 years.
  • The Company continues its positive growth, adding yet another quality claim to its portfolio of exploration concession applications and its focus on near-term gold production opportunities.
  • Santo Mining finalizing due diligence on remaining four claims that immediately wrap around Goldquest.
  • Exploration team yielded a series of results up to 10.79 g/t Silver and +1.0% Copper


Richard Claim

The company recently announced that it has signed a definite agreement to acquire 100% of the Richard gold exploration application.

  • located just 200 meters southeast of Barrick gold in the mineral-rich “Los Ranchos” geological formation of the Hispaniola Gold-Copper Back-Arc.
  • This definitive agreement is part of the Company’s aggressive expansion of its portfolio of precious and base metal exploration concession applications assets in its quest for near-term production opportunities.
  • Shallow Diamond Core Drilling Targets to sample the underlying bed rock awaiting permitting

During the last five months Santo Mining’s field exploration team led by Elpidio Moronta conducted due diligence on the Richard Claim consisting of property wide reconnaissance surveys, including stream sediment sampling and surface soil geochemistry. Early in 2013 the exploration team sent soil, sediment and rock samples to Acme Laboratories for multi-element trace analysis. The laboratory results have potentially identified two zones of gold, silver, and copper anomalies. The principal gold zone is located in the northwest quadrant of the Richard Claim, approximately 500 meters east of Barrick Gold’s Pueblo Viejo boundary. The exploration team is currently in the field conducting a “detailed” surface soil geochemistry survey and rock sampling to better define a series of shallow drill targets.

Hub On AGORACOM / Corporate Website

Santo Mining Reports 10.79 g/t Silver and 1.0%+ Copper on New Charles Claim in Dominican Republic (Client)

Posted by AGORACOM-JC at 8:57 AM on Thursday, April 25th, 2013

                

SANP: OTCBB

Santo Mining Reports 10.79 g/t Silver and 1.0%+ Copper on New Charles Claim in Dominican Republic

Announced positive results from a geochemical reconnaissance survey of its “CHARLES” exploration application located in the Dominican Republic “Tireo Formation”.

  • Results up to 10.79 g/t Silver and +1.0% Copper
  • Claim borders Goldquest’s (TSX VENTURE:GQC) renowned La Escandalosa claim

Hub On AGORACOM / Corporate Website
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FULL RELEASE BELOW.

Santo Mining Reports 10.79 g/t Silver and 1.0%+ Copper on New Charles Claim in Dominican Republic

SANTO DOMINGO, Dominican Republic, April 25, 2013 (GLOBE NEWSWIRE) — Santo Mining Corp. (OTCQB:SANP), (the “Company”), is pleased to announce positive results from a geochemical reconnaissance survey of its “CHARLES” exploration application (the “Charles Claim”) located in the Dominican Republic “Tireo Formation”.  Rock samples collected by the Company exploration team yielded a series of results up to 10.79 g/t Silver and +1.0% Copper. The Charles Claim borders Goldquest’s (TSX VENTURE:GQC) renowned La Escandalosa claim.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=18329

In 2012 Goldquest reported three bonanza drill intercepts just 2.5 km from the Charles claim which was reported as being the largest gold discovery in the Dominican Republic in 20 years.

The 278 hectare Charles Claim is located in the gold, silver and copper rich Tireo Formation and lies on the eastern border of Goldquest’s La Escandalosa. In March 2013 the Company’s exploration team, led by Elpidio Moronta, conducted a preliminary reconnaissance and surface geochemical survey of the entire claim. Stream sediment samples were collected from the Rio Guayabo, Rio Piedra Blanca and its tributaries. Grab and outcrop rock samples were collected and several samples from the Rio Piedra Blanca to the North side of the “Loma Del Gajo Pelon” mountain along a 600 meter long by 2 meter wide mineralized vein. These rock samples were dispatched to Acme Labs in Vancouver for multi-element and fire-assay analysis and returned the following positive grades for Silver and Copper:

10.79 g/t Silver and >1% Copper
10.57 g/t Silver and >1% Copper
03.18 g/t Silver and >7,160 g/t Copper
02.27 g/t Silver and >6,832 g/t Copper

The Tireo Formation consists of an Upper Cretaceous package of sedimentary and volcanic rocks including andersite, dacite, mineralized quartz veins, volcanic breccias, diorite and volcaniclastic silicification striking a NW/SE diagonal swath in west Dominican Republic.

Ten years ago, Goldquest, in a joint venture with Goldfields Ltd, carried out a regional geochemical and prospecting program that identified several new areas of mineralization. Later, Goldquest discovered several gold and copper mineralized areas in a long 35 km group of concessions called Romero, La Escandalosa, Jenjibre, Los Comios and Loma Viejo Pedro. Just 2.5 km NW of Charles are four bonanza drill intercepts which are reported on Goldquest’s website as follows:

Hole 90: 231m grading 2.41 g/t Gold and 0.44% Copper
Hole 92: 159m grading 4.45 g/t Gold and 0.95% Copper
Hole 93: 258m grading 4.50 g/t Gold and 1.30% Copper
and most recently 235m grading 7.88 g/t Gold and 1.43% Copper

According to Company President, Al French, “The Acme Lab results confirm a highly prospective area for Silver, Copper and potential Gold mineralization. Today the exploration team will return to Charles just north of San Juan and conduct a detailed sampling in the prospective zones. Meanwhile, back in Santo Domingo we are negotiating to purchase up to four more claims clustered immediately around Goldquest’s bonanza claims. Funding for the exploration will potentially come from the recent $16 million commitment from Hanover Holdings I, LLC (NY).

About Santo Mining Corporation

Santo Mining Corporation is a junior minerals exploration and development company, based in the Dominican Republic. The Company is actively pursuing the acquisition and exploration 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.

For further information, please visit the company’s website: www.santominingcorp.com.

Tyler Troup, Managing Director
Circadian Group, Investor Relations

Toll Free: +1 (866) 865-2780
Toronto: +1 (647) 930-1037
New York: +1 (646) 257-2444

Email: 
Web: www.Circadian-Group.com
DD portal: http://www.circadian-group.com/santo.html

 

SKYPE INTERVIEW: Bob Kasner Discusses Past Producing Open Pit Omega Project

Posted by AGORACOM-JC at 5:17 PM on Tuesday, April 24th, 2012

The Omega Gold Property is located in Larder Lake, Ontario approximately 18 miles east of Kirkland Lake, and 4 miles west of Kerr Addison a former mine that produced in excess of 10 million ounces of gold. The Omega Property and Kerr Addison both are situated on the Larder Lake Cadillac fault system. This system has produced over 40 million ounces of gold just in the Kirkland/Larder Lake area and is still a productive wealthy mining camp.

Drilling highlights

·OM-12-67:1.787 g/t gold over 16 metres (including 2 metres of 5.84 g/t gold)

·OM-12-69:2.687 g/t gold over 12 metres (including 8 metres of 3.706 g/t gold)

·OM-12-70:0.997 g/t gold over 54 metres (including 10 metres of 2.421 g/t gold: Open Pit)

Golden Hope Intersects 3.08 g/t Au Over 25 Metres and 2.01 g/t Au Over 32 Metres at Bellechasse-Timmins, Quebec

Posted by AGORACOM-JC at 10:51 AM on Wednesday, March 7th, 2012

 

Golden Hope Mines (TSX VENTURE: GNH)( Pink Sheets: GOLHF)

Golden Hope Mines Limited recently announced further significant results from its 2011 drill campaign in southeastern, Quebec. The company is pleased to present the following highlights from holes BD2011-174, 175, 176 and 177.

Hole Number From To Length (m) Au (g/t)
BD2011-174 23 25 2 2.24
BD2011-174 106 107 1 2.97
BD2011-174 221 253 32 2.01
Including 233 238 5 10.18
Including 249 253 4 1.93
BD2011-174 266 267 1 2.33
BD2011-174 406 431 25 3.08
“The results continue to confirm significant widespread mineralization at Bellechasse-Timmins. We are pleased with the amount of important information that we continue to accumulate as we move closer to our initial goal of a resource estimate at Bellechasse-Timmins” states Frank Candido, President, Golden Hope Mines Limited.

Investment Highlights

  • New discovery resulting in 20km mineralized gold belt
  • 10,000+meter drill program currently in progress
  • Recent Drilling Intersects 6140 g/t Au (197.4 oz/t Au) of Gold Over 1 Metre
  • Target Potential for multiple multi-million ounce deposits
  • Positive Preliminary Metallurgical Testing – recovery ranged from 97% to more than 99%
  • Dominant land position in the most recent North American stalking rush

The Bellechasse Gold Belt

Location

  • Site of the first gold rush in North-America in 1828
  • Strategic land position comprising 80% of mineralized belt
  • 554 mining claims spanning 24,436 hectares
  • Excellent infrastructure nearby

Geology

Gold mineralization in the Bellechasse area occurs in quartz/carbonate veins in albite diorite and related intrusive rocks, and also in minor amount in the veins within the volcanoclastic rocks that host the diorite.

The area in which mineralization is known measures approximately 875 metres along 045° and approximately 650 metres across the regional strike. Gold-bearing zones consist in quartz-filled structures which locally exhibit stockwerk pattern and may be brecciated. They are known to develop in plug-like protrusions of diorite emplaced in the country rock (T1 Zone) and in larger diorite masses (T2 Zone).

Click to enlarge

Corporate Website / Golden Hope Hub

La Mancha Q1 Profits Surge as Australian Mine Turns Cash Flow Positive

Posted by AGORACOM - Mitch at 10:22 AM on Friday, May 8th, 2009

I’m very proud to announce the following Q1 2009 financial results from AGORACOM client, La Mancha whose profits surged as their Australian Mine turned cash flow positive.

Highlights from the press release include:

Key Points:

  • Cash flow from operating activities of $11.0 million
  • Revenues of $24.7 million
  • Net earnings of $3.5 million
  • Cash and short term investments of $20.1 million
  • 18,515 ounces of gold produced at an average cash cost of US $451 per ounce
  • Trading at 1.5x cash flow multiple, there considered to be significantly undervalued

La Mancha IR Hub


La Mancha
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