Sep 28, 2012

Posted by in Penny Stock Alerts | 0 Comments

SANP Alert

SANPSanto Mining is Trading as SANP?

Santo Mining Corporation(OTCBB: SANP) is based in the Dominican Republic and has recently changed its focus to acquiring and developing mineral exploration properties in the Pueblo Viejo region of the Dominican Republic. The company is an aggressive junior minerals exploration and development company.  Currently, this company is working on acquiring and exploring properties in the Dominican Republic, which are strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area. The Maimon formation hosts several polymetallic volcanogenic massive sulphide-type deposits, namely the Cerro de Maimon.

SANP Has a New President and CEO

On September 15th, Santo Mining Corporation (OTCBB: SANP) announced former secretary of the Company, Alain French as the new President and CEO replacing Rose Ruiz.  In the Dominican Republic,  Mr. French has put together one of the largest portfolios of precious and base metal claims for his private company, Gexplo SRL.   He has 13 years of experience working in the mining sector of the Dominican Republic and has built relationships with members of the government mining agency. The company believes that under Mr. French’s leadership that they will acquire a large number of higly prospective gold properties due to his connections. As developments occur they are going to keep investors up to date.

On September 21st, Santo Mining Corporation (OTCBB: SANP) announced that is has acquired 100% of the Alexia gold exploration claim near Dajabón in the northwest Dominican Republic. Known as the “Alexia Claim”).  “Alexia fits perfectly into our acquisition strategy and represents our first addition to our portfolio,” said Santo Mining President Alain French. “Based on the overall geology as well as the number of high-quality mining companies in the surrounding vicinity, we believe it has outstanding potential for exploration.”

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