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Santo Mining Corp. (SANP)

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Last Post: 10/1/2014 3:02:41 PM - Followers: 101 - Board type: Free - Posts Today: 11

 




On September 15, 2014, Santo Mining Corp, (the “Company”) signed a new mining contract (the “Mexico Agreement”) in Mexico with Compania Minera Angeles Del Desierto SA de CV. The contract provides the Company with exclusive rights to extract, process, ship and refine an unlimited amount of mineral ore from three concessions totaling 7.468 square Kilometers. Term is 15 years with provision for a 10 year extension. 

NEWS !!!!!!!!!!!


Completion of Acquisition or Disposition of Assets. 
On July 16, 2014, the Company closed on an agreement (the “Purchase and Sale Agreement”) with Precipitate Gold Corp. (“Precipitate”) and Gexplo S.R.L. (“Gexplo,” and, together with the Company, the “Vendor”), dated June 30, 2014, whereby Precipitate acquired a 100% interest in two concession applications in the Dominican Republic known as “Richard” and “David,” which cover an area of 220 and 1,400 hectares respectively. The David concession is located on the north central border of Precipitate’s Juan de Herrera concession within the Tireo Gold Camp and greatly increases Precipitate’s prospective Tireo landholdings. In exchange, Precipitate granted the Vendor (1) a 2% net smelter royalty (“NSR”) on each of the concessions. The NSR can be purchased by Precipitate for the price of US$500,000 per 0.5% for a total purchase price of US$2,000,000; and (2) 100,000 share purchase warrants (“Warrants”) allowing the Vendor to purchase up to 100,000 shares of Precipitate’s common stock at an exercise price of $0.30 per share for up to 3 months from the date of grant.
 
Should the Vendor exercise any of the Warrants and thereafter seek to sell some or all of the shares, it must notify Precipitate and allow Precipitate at least 10 calendar days to arrange buyers of the shares. Any warrant shares purchased by the Vendor will be subject to a four month hold period. 



http://www.precipitategold.com/s/news.asp?ReportID=662549
 

July 02, 2014

Precipitate Increases Tireo Landholdings and Acquires Strategic Ground Near Pueblo Viejo in the Dominican Republic

Vancouver, B.C. -- July 2, 2014 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG) is pleased to announce it has reached an agreement with Gexplo S.R.L. and Santo Mining Corp. (together the "Vendor") whereby Precipitate will acquire a 100% interest in two concession applications in the Dominican Republic in exchange for a 2% net smelter royalty and the granting of 100,000 Precipitate share purchase warrants exercisable for up to three months at an exercise price of $0.30 per share. 

The two concession applications, named "Richard" and "David", cover an area of 220 and 1,400 hectares respectively. The David concession is located on the north central border of Precipitate's Juan de Herrera concession within the Tireo Gold Camp and greatly increases Precipitate's prospective Tireo landholdings. The Richard concession is located about four kilometres southeast of Barrick and Goldcorp's Pueblo Viejo Gold Mine site. See attached figures for respective concession locations or visit the Company's website at 
www.precipitategold.com

Jeffrey Wilson, Company President & CEO stated, "We are pleased to acquire these two concession applications. Both the David and Richard concessions have compelling technical and strategic importance. The David concession provides the Company with a significant increase of the preferred and prospective Tireo formation target rocks, while the Richard concession gives Precipitate a strategic new land position in a world-class modern gold mining camp. With the Vendor shifting its focus to other property interests in Mexico and Africa, we are pleased with the non-cash acquisition terms for these concessions and thank the Vendor for its cooperation in this process." 

Richard Concession

The Richard concession is located 4 kilometres to the southeast of Barrick Gold Corp. and Goldcorp's Pueblo Viejo Gold-Silver mining camp. The Pueblo Viejo high sulphidation epithermal gold and silver deposit hosts an estimated 22.0 million ounces of gold and 117.0 million ounces of silver and is expected to produce up to 1.0 million ounces gold this year. The Company's newly acquired Richard concession is underlain by the same Cretaceous age Los Ranchos formation rocks that host the Pueblo Viejo deposit.

David Concession 

The David concession is situated in the emerging Tireo Gold-Silver-Copper exploration camp adjacent to the Company's existing Juan de Herrera concession where Precipitate has been exploring in recent months. David is dominantly underlain by regionally favourable Cretaceous age Tireo formation rocks which are part of the same regional stratigraphy that hosts GoldQuest Mining's Romero discoveries and Precipitate's Ginger Ridge and Melchor zones. The addition of the David concession application gives the Company contiguous exposure to the Tireo along the southern boundary of the neighbouring Goldquest concessions including areas in close proximity to Precipitate's Melchor and Goldquest's Jengibre discoveries.

The Vendor conducted preliminary stage exploration work on both concessions, including rock, silt and soil sampling. Precipitate is reviewing this newly acquired technical data which will provide guidance to the next exploration phase on these new concessions. The Company's total Dominican land package now covers about 14,829 hectares, in both application and fully granted stages.

Agreement Terms:

Precipitate can acquired a 100% interest in the Richard and David concession applications, and will assume all application obligations, in a non-cash transaction whereby Precipitate will grant the Vendor: In advance of any transfer of rights or delivery of payment, the agreement grants Precipitate a 30 day due diligence period during which the Company will seek consent of the transfer from the Ministry of Industry and Commerce of the Dominican Republic and review all technical and legal data related to the concessions. Upon satisfactory completion of the due diligence period, Precipitate will advise the Vendor of its decision to complete, or not complete the transfer. The agreement is also subject to TSX Venture Exchange approval.

About Precipitate Gold:

Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Tireo Gold Trend of the Dominican Republic and Sonora State, Mexico. The Company also maintains assets in northern British Columbia and southeast Yukon Territory and is actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value.

Additional information can be viewed at the Company's website 
www.precipitategold.com



About Precipitate Gold Corp.

Precipitate Gold Corp. is a Vancouver British Columbia based company currently focused on earning a 100% interest in three mineral concessions in the Dominican Republic. The Juan de Herrera concession has been granted, while the other two are currently under application. Two of the concessions are located within the highly prospective "Tireo Gold Trend" in the western portion of the Dominican Republic. The Gold Trend runs northwesterly and ending north of the Dominican-Haitian border and is underlain by Upper Cretaceous Tireo formation volcanic and sedimentary rocks. Precipitate's Juan de Herrera and Hato concessions directly adjoins the Tireo belt holdings of GoldQuest Mining Corp on their southwest and south sides. 

In February of 2013 Precipitate announced it had reached an agreement to acquire a 100% interest in the Cecilia gold-silver project in northeastern Sonora State, Mexico. The Cecilia project is a low sulphidation epithermal gold-silver target hosting a large number of historic workings centered on gold-silver bearing quartz veins and breccia. Work by previous operators has included sampling, mapping, trenching, geophysics, and diamond drill programs. Widespread low sulphidation epithermal mineralization on Cerro Magallanes is indicative of a complex system that was subjected to several episodes of fluid flow. All prior work has focused on outcrops of the impressive Cerro Magallanes. However, there is substantial unexplored potential surrounding Cerro Magallanes, particularly on main structural trends beneath shallow cover which is an order of magnitude larger than the known exposure of the Magallanes zone. These peripheral areas have never been explored by modern methods. Precipitate's initial priority will be to confirm many of the existing gold/silver zones and generate new targets "off the Cerro" in search of new and potentially larger zones.

The Company also holds multiple gold exploration prospects in southern Yukon Territory and northern British Columbia. This emerging gold enriched region contains similar geology to the rocks hosting recent notable gold discoveries at ATAC Resources' Rau/Osiris, Northern Tiger's 3Ace and Aben Resources' Justin properties. With a portfolio of 5 properties in Yukon and 2 in BC, Precipitate's Canada focused exploration is targeting gold mineralization in the prospective sedimentary units of the Selwyn Basin. The Selwyn Basin was deposited at the same time period as the rocks hosting northern Nevada's gold mining districts. The recent Osiris discovery at Rau is highly analogous to Nevada's famed "Carlin type" gold deposits.

Contact


650 West Georgia Street
Suite 1410
PO Box 11584
Vancouver, BC
Canada V6B 4N8

Tel: 604-558-0335
Toll Free: 1-855-558-0335

investor@precipitategold.com

General Inquiries

info@precipitategold.com

Stock Info Percipitate Gold Corp.
http://www.precipitategold.com/s/investors.asp

 

Stock Info Santo Mining


 

Contact Info

Corporate Office Address:
Ave. Sarasota #20
Torre Empresarial, Suite 1103
Santo Domingo, Dominican Republic

Company Contact: Mr. Alain French
Email: info@santomining.com


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Read The Latest News About Santo Mining Corp.





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SANP
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Wiki
SANP News: Information Statement - All Other (definitive) (def 14c) 07/25/2014 02:16:08 PM
SANP News: Amended Statement of Ownership (sc 13g/a) 07/17/2014 06:02:14 AM
SANP News: Statement of Ownership (sc 13g) 07/17/2014 06:02:13 AM
SANP News: Proxy Statement - Other Information (preliminary) (pre 14c) 07/09/2014 06:01:17 AM
SANP News: Amended Quarterly Report (10-q/a) 07/08/2014 04:24:57 PM
PostSubject
#8373  Sticky Note New Deal with TSXV:PRG Worth 0080 ~ Read... SILVERISTHENEWGOLD 09/24/14 12:37:32 PM
#8315  Sticky Note Looking at this in more detail SANP is HokieHead 09/19/14 06:46:57 PM
#8196  Sticky Note SANP o/s only 422,346,953 as of June 13, Winneragainstallodds 07/01/14 05:43:35 PM
#8443   BMAK has traded just over 60m shares in mike4859 10/01/14 03:02:41 PM
#8442   Alright well he going to make me lose Richard Perry 10/01/14 01:49:54 PM
#8441   Actually right board.... I'm watching too many today. TickerHunter 10/01/14 01:16:28 PM
#8440   Wrong board!!! TickerHunter 10/01/14 01:13:27 PM
#8439   What or is that? Richard Perry 10/01/14 01:09:36 PM
#8438   BMAK!!!! TickerHunter 10/01/14 01:08:39 PM
#8437   On the break out board. Need to wake Richard Perry 10/01/14 12:24:25 PM
#8436   Looks like good volume so far today. Surprised Richard Perry 10/01/14 11:21:59 AM
#8435   just look at the volume the last couple Kosherish 10/01/14 10:47:15 AM
#8434   A bit exaggerated there with the 100s of cash4 10/01/14 10:20:38 AM
#8433   yeah i just dont know about that. these Kosherish 10/01/14 09:40:53 AM
#8432   doesn't look like BMAK ever really has that JohnnyBlaze 09/30/14 11:21:20 PM
#8431   nice summary mike! SANP JohnnyBlaze 09/30/14 11:14:41 PM
#8430   It looks like BMAK showed up when the mike4859 09/30/14 10:43:15 PM
#8429   Well didn't end today like I thought it Richard Perry 09/30/14 05:37:11 PM
#8428   Nice perspective! JohnnyBlaze 09/30/14 03:20:57 PM
#8427   You really think so? Richard Perry 09/30/14 03:05:25 PM
#8426   The momo fofo BMAK is at it again. Winneragainstallodds 09/30/14 02:30:24 PM
#8425   Brkt Brds coming for SANP Today :) SILVERISTHENEWGOLD 09/30/14 01:54:32 PM
#8424   0020 will happen anyday now... 0080 is a Bitcoins 09/30/14 01:52:18 PM
#8423   I appreciate the insight/response dumpsterdiving4gold 09/30/14 01:45:43 PM
#8422   PUMPERS AND DUMPERS BEWARE BEFORE THE PAPER PRECIOUS Dazal 1 09/30/14 01:45:06 PM
#8421   That long of a time frame is crazy SILVERISTHENEWGOLD 09/30/14 01:24:25 PM
#8420   You have to excuse me, I'm normally a dumpsterdiving4gold 09/30/14 12:31:28 PM
#8419   Holding steady GO SANP Richard Perry 09/30/14 12:03:41 PM
#8418   I already know SANP will do us right. cash4 09/30/14 11:18:54 AM
#8417   0005 is just this week man! By next Bitcoins 09/30/14 11:04:54 AM
#8416   What has there been purchased today 15.7m? Already Richard Perry 09/30/14 11:03:33 AM
#8415   Congrats and welcome, read the 8k and, you cash4 09/30/14 11:03:07 AM
#8414   Just happy to see something positive from this Richard Perry 09/30/14 10:58:53 AM
#8413   SANP is on the move!! Glad I bought Bitcoins 09/30/14 10:57:48 AM
#8412   Not even close to my target, but that cash4 09/30/14 10:56:00 AM
#8411   Alright here we go! We are in the Richard Perry 09/30/14 10:53:35 AM
#8410   SANP only has MCap of $200k or less SILVERISTHENEWGOLD 09/30/14 10:52:35 AM
#8409   Let's go 4's. We need to them today. Richard Perry 09/30/14 10:51:30 AM
#8408   New website coming soon. $SANP ready to rock. cash4 09/30/14 10:47:58 AM
#8407   ~SANP~ 4's Up Now~ I'm re-doing the Ibox SILVERISTHENEWGOLD 09/30/14 10:44:10 AM
#8406   4's on Deck cash4 09/30/14 10:44:06 AM
#8405   I think it went through already Richard Perry 09/30/14 10:43:47 AM
#8404   I'm buying millions of these today!! Should easily Bitcoins 09/30/14 10:42:44 AM
#8403   I'm trying to another 590k. Hope it fills Richard Perry 09/30/14 10:42:10 AM
#8402   Accumulation in progress. $SANP cash4 09/30/14 10:35:13 AM
#8401   That's ok, would it be better if there cash4 09/30/14 10:00:19 AM
#8400   lol and the MM didnt move....thats not the Kosherish 09/30/14 09:55:58 AM
#8399   It was 3 buys. cash4 09/30/14 09:51:38 AM
#8398   lol what was that just now? 12m buy? Kosherish 09/30/14 09:45:51 AM
#8397   Nice volume, right off the gate. cash4 09/30/14 09:43:35 AM
#8396   Zero correlation between SANP price and gold price. SILVERISTHENEWGOLD 09/29/14 02:42:28 PM
#8395   GOlD STILL DROPPING.. SANP BID STILL HEADING LOWER [ Dazal 1 09/29/14 02:24:02 PM
#8394   Yes and someone just bought over 100K shares, cash4 09/29/14 01:00:48 PM
PostSubject