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Santo Mining Corporation acquires Alexia gold claim

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.

Source: DT

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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