SMAs Emails going out:
Xstrata Plans To Expand Mine Adjacent To Santo Mining Corp.'s Maria Claim
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Santo Domingo, Dominican Republic - (Marketwire - October 2, 2012) — Santo Mining Corp. (OTCBB:SANP), (the "Company"), announces that Xstrata is planning a new mine expansion at its Falcondo site in the Loma Miranda area of La Vega province, immediately west of the Santo Mining Corp. (SANP) Maria, a polymetallic claim in the mineral-rich Hispaniola Gold-Copper Back-Arc that runs diagonally through the central Dominican Republic. The reported Xstrata reserves are an estimated 19 million metric tons of ore grading 1.62% nickel, higher than their current deposit grade of 1.50%, which once ranked as the second-largest nickel mine in the world. According to Xstrata, the local habitants have been relocated in preparation for production.
Santo Mining is planning to undertake a preliminary exploration at the Maria claim, which totals 14.86 square kilometers, in the fall of 2012. Exploration works in the area were previously conducted by Falconbridge, consisting of an integral helicopter-borne EM survey and local follow-up ground geophysics and soil sampling visits.
"The fact that Xstrata is planning to expand its mining infrastructure in this area is one of the reasons that the Maria claim was of significant interest to us," said Santo Mining CEO and President Alain French. "We are optimistic about the possibilities, and are looking forward to taking the next steps in the exploration process."
About Santo Mining Corporation
Santo Mining Corporation is an aggressive junior minerals exploration and development company, based in the Dominican Republic. The Company is actively pursuing the acquisition and exploring 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 SantoMining.com.
