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Producing Gold and Silver In Mexico, Santo Mining Featured in CEO Interview

Posted by AGORACOM-JC at 2:24 PM on Wednesday, July 10th, 2013

  • Three claims next to Barrick Gold in the mineral rich Dominican Republic
  • Charles claim 1 mile from Goldquest’s 2012 monster gold discovery
  • Company to start producing gold and silver in Mexico

Alain French President and CEO of Santo Mining Corporation featured on AGORACOM CEO Interview.


  • 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.


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 Corp Starts Metalullurgy Testing to Optimize Gold & Silver Extraction

Posted by AGORACOM-JC at 2:11 PM on Thursday, May 9th, 2013


SANTO DOMINGO, Dominican Republic, May 9, 2013 — Santo Mining Corporation (OTCQB:SANP), (the “Company”), announced it has commissioned leading metallurgy laboratories SGS Metcon / KD Engineering, of Tucson, AZ and The Center For Advanced Mineral And Metallurgical Processing (or “CAMP”) at Montana Tech of the University of Montana, Butte, MT.

Together they will conduct advanced testing on bulk ore samples collected from the “Angel Del Desierto” concession located at Ocampo, Coahuila, Mexico, 45 miles south of the United States border. Recent assays by Inspectorate Labs, Reno have returned impressive average grades up to 8.581 g/t Gold and 148.1 g/t Silver. Scheduled to take two weeks, this new round of testing will outline processes to optimize the extraction of the precious metals. In only nine months Santo Mining has transformed from a fledgling exploration company into an incipient gold and silver producer.

In April and May 2012 respected mine engineer Juan Luis Castillo Velez together with CEO Al French collected five soil and rock samples totaling 100 kilos for metallurgical study. The samples were dispatched in secure plastic buckets to the SGS facility in Durango, Mexico where they were repackaged and forwarded to SGS in Tucson, Arizona. During the following two weeks SGS will conduct precious metal characterization, gravity concentration, cyanide leaching, and bottle roll testing. Three samples will be forwarded to Montana Tech for mineralogy testing on their MLA or Automated mineral analysis system. The various studies will define the mineral ore and provide a general understanding of the ore body and outline processes that will optimize the extraction of gold, silver and potential platinum group metal previously reported in an economic evaluation by Platinum Investments.

Santo Mining will establish a 100% owned local subsidiary in Mexico to administer this project. As early as this summer, the Company plans to commission a qualified geologist to supervise a shallow core-drilling program with the objective of substantially increasing the inferred resources for precious metals within the policies of the CIM 43-101 standard. The Company also plans to have SGS run a pilot plant to fine tune the design of a concentration plant. Funding will likely be sourced from a recently approved $16 million equity funding program with Hanover Holdings I, LLC, of New York.

Al French, CEO, Santo Mining stated: “We are forging ahead and utilizing all available resources to keep our promise to begin producing gold and silver in the short term. This, in conjunction with the recent $16 million equity funding agreement, and enormous Greenfield opportunity in the Dominican Republic, will allow us to continue our exponential growth curve.”

About Santo Mining

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

Further information on the Company and its filings can be found at

The Santo Mining Corporation logo is available at:

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 contact:

Tyler Troup, B.Comm
Circadian Group, Investor Relations
North American:  1-(647) 930-1037
Toll free: 1-(866)-865-2780

AGORACOM Investor Relations Welcomes Santo Mining .. New Opportunity In Dominican Gold Discovery

Posted by AGORACOM at 10:51 AM on Thursday, April 18th, 2013

AGORACOM Welcomes Santo Mining Corporation


 A New Opportunity in Dominican Gold Discovery
High Potential Claims Adjacent to Barrick’s Pueblo Viejo Gold Silver Mine

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. Oxide 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.
  • Cerro de Maimón copper-gold mine, which constitutes a 6 million ton open-pit copper/gold reserve.

Hub On AGORACOM / Corporate Website