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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.

This highly 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.


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COMMENTS
6 comment(s)
Written by: dreamkiller, 22 Sep 2012 10:43 AM
From: Falkland Islands (Islas Malvinas), The Dentist will see you now
Pump and Dump penny stocks
Written by: RoyStone, 22 Sep 2012 9:25 PM
From: Australia
Gold may well be the salvation for the Dominican Republic when the tourism industry reaches rock-bottom and the money from the American-Dominican diaspora stops flowing.
Written by: dreamkiller, 23 Sep 2012 3:40 AM
From: Falkland Islands (Islas Malvinas), The Dentist will see you now
Roy when tourism reaches rock bottom you say .....are you high?
Written by: RoyStone, 23 Sep 2012 6:30 AM
From: Australia
86% vacancy rate - not far to go.
Written by: Danilo, 23 Sep 2012 2:37 PM
From: Dominican Republic, www.DuckyDeals.com
Instead of the Metro a better investment would have been a government owned mining company. The profits would have built the Metro, bought tons of medical supplies, built many schools, fed starving Haitians, and of course filled the pockets of many politicians.
Written by: RoyStone, 23 Sep 2012 6:02 PM
From: Australia
Danilo,
Do you know the environmental damage that was done when the Dominican government mined for gold? Barrak Gold has had to spend millions to clean up the mess! .... and how much of the profits did they spend on medicine and education then?

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