Santo Mining Corporation (SANP), (the “Company”), is pleased to announce that Salvador Brouwer, a qualified geologist and independent part-time consultant for Santo Mining Corp., provided the following report on the “WALTER” claim after wrapping up a two week preliminary exploration survey. Mr. Brouwer was assisted in the field by Geologist Professor Luz Iris Contreras and seasoned sampler Francisco “Ramoncito” Vasquez. “The Walter Concession is located half way between the Cerro de Maimon Mine (VMS) and the world class mine of Barrick’s Pueblo Viejo. Even though most of the surface area of the concession is covered by Quaternary fluvial sediments, there are plenty of outcrops in the five creeks that meander through the area. The rock under these sediments is the Maimon Schist, a bimodal metavolcanics formation. Foliation is well developed and a few areas of hydrothermal alterations were observed in The Lajas and Guare creeks. A total of 87 active sediment samples were taken at 100 meter intervals. Selected samples have been taken to the Acme Laboratories for assaying. On the banks of the Guare Creek exits the remains of a Colonial Spanish Smelter, where samples of slag with remaining copper carbonates are found. This slag is likely the smelting remains of the Copper minerals mined at the Loma La Mina deposit, two kilometers to the North of Walter. This concession has considerable potential of finding Volcanogenic Massive Sulfide (VMS) deposits similar to Perilya Gold’s nearby Cerro de Maimon, Loma Pesada, Loma La Mina, etc.”
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