Santo Mining (OTC: SANP) has just announced that the company has acquired yet another gold claim in the Dominican Republic Gold Region on September 27, 2012. The mining corporation has been aggressively acquiring gold claims one after the other to increase its holdings and exploratory grounds. The latest in its list of acquisitions is the Walter Gold exploration claim. The company has just announced its acquisition of 100% of the Walter Gold claim located in the Maimon district of the Dominican Republic that is known for being a gold-rich stretch of land.
Walter Gold Claim
The Walter Gold claim stretches for about 200 hectares and is supposed to have plenty of potential in terms of rich gold deposits. The gold exploring and mining company hopes to initiate a 2-D exploratory campaign. The Walter claim is located between proven tracts of mining land. With one of the world’s largest gold mines, the Barrick Gold Pueblo Viejo, on one side and the Perilya’s Cerro de Maimon, also known as Perilya Mine, on the other side, great things are expected out of the Walter Gold claim.
The Walter Gold claim is just another one in a long list of gold claims acquired by Santo Mining of late. A few days ago, the company announced its acquisition of the Maria Gold claim also located in the same region. The Maria polymetallic exploration claim is located near the city of Bonao in the Dominican Republic. This claim totals 14.86 square kilometers of land and is expected to yield metals like gold, silver, copper, zinc, and more.
Santo Mining has also acquired 100% of the Alexia gold claim. This claim stretches over 27.75 square kilometers and is located near Dajabon in the Dominican Republic. The areas surrounding the claim are known for being rich in gold deposits and mines. This means possibly more growth for Santo and that it is in the right spot.
Santo Mining is a high volume penny stock company that is traded in the over the counter (OTC) market. The company has announced quite a few acquisitions in the last week itself and its share price is looking up again as a result. Though the share price opened at $0.95 per share, it quickly climbed up to $1.65 per share and now it is at $1.70 per share, which is a $0.75 per share leap, or an 83.3% increase. The shares of Santo Mining have become one of the most actively traded shares in the OTC market with a 52-week trading range between $11.00 and $0.56. That is a considerable difference.
Other penny stock companies that are being closely watched by investors and analysts alike are FastFunds Financial Corporation (OTC: FFFC), which is a financial holding company being traded in the OTC markets. Its share price has seen an increase of 11.5% to reach $0.02 per share. BlastGuard International (OTC: BLGA) is a penny stock company that deals with proprietary blast mitigation materials. Share prices for this company have fallen by 18.2% and are resting at $0.02 as well.