NEWARK, DELAWARE--(Marketwire - Oct. 10, 2012) - Even with prices approaching $1,800, the gold bull still has further to run, according to recent statements by leaders at Goldcorp (GG) and Newmont Mining (NEM) at the Denver Gold Forum in September. Goldcorp CEO Chuck Jeannes went on record that gold should not only top its 2011 high of $1,923.70, but could cross the $2K mark in the coming year, while Newmont CEO Richard O'Brien described a $2,000 gold price as "not unreasonable."
A variety of factors combine to create the bullish price outlook, including central bank and investor gold purchases, widespread currency debasement, as well as declining supplies and production. For investors who want to capitalize on the trend, of course, this brings about demand for new gold mining ideas.
Santo Mining Corp. (SANP) is one such play for those interested in opportunities in the junior mining sector, which in the past few years has lagged the overall performance of the price of gold itself-but many analysts believe is ready to pop. In fact, Santo is expanding within one of the regions that Goldcorp and its partner, the world's largest gold producer, began initial gold production in August 2012: Pueblo Viejo in the Dominican Republic, which contains 25.3 million ounces of proven and provable gold reserves.
With three promising gold claim acquisitions in the Dominican Republic, including property within the vicinity of Pueblo Viejo and many of the top mining producers in the world, Santo is already in good company. If and when the price of gold heads toward $2,000 and beyond, investors in gold-rich land could be in a position to profit handsomely.
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 acquiring and exploring its 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.
Further information on the Company and its filings can be found at www.sec.gov.
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