Santo Domingo.– Santo Mining Corporation announced that as per its Acquisition Agreement it has
acquired 100% of the Alexia gold exploration claim near Dajabón in the
northwest Dominican Republic.
prospective 27.75-square-kilometer claim is surrounded on all quadrants
by numerous gold discoveries that are under continued investigation,
including mine complexes owned by companies such as Unigold, Everton
Resources, and Newmont/Eurasian.
The great number of placer and historical gold showings in the area of
the Alexia claim, and the variety of mineralization types, indicate
exceptional exploration potential.
Geologically, the Alexia Claim lies
within the same cretaceous volcanic belt as Goldquest's and Unigold's
recent discoveries. The area is underlain mostly by Tireo and Duarte
formations (Lower Cretaceous), in contact with intrusive tonalities.
Barrick Gold's 25.3-million-ounce Pueblo Viejo project lies in Los
Ranchos formation to the southeast.
The Santo Mining exploration team is planning a comprehensive 2-D investigation in the coming weeks, and remains highly optimistic that it will deliver promising results for gold.