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Micro-Caps on Watch; Santo Mining Corp. (SANP), The Graystone Co. Inc. (GYST), Coastal Capital Acquisition Corp. (CCAJ)

Shares of Santo Mining Corp (OTCBB: SANP), a Mineral Exploration Company that is involved in acquiring near term gold production opportunities in the Dominican Republic, are soaring in today’s trading.

At last check, SANP shares were trading 14.39% higher at $0.5375, with volume up from daily average of  0.83 million to 1.3 million. It reached its 52 week high of $11.00 on Sep 20th and reduced drastically since then.

SANP reported this week that there is a high evidence of copper or copper carbonates on the eastern sector of its Walter claim. The company is waiting for the analytical reports from their previous geochemical survey of the surface which will be followed by a systematic soil sampling on a 100-200 meter grid of the entire claim.

Shares of The Graystone Co. Inc. (OTCQB: GYST), a Nevada based Holding Company focused on diverse business activities including Mineral exploration, advertising and customer acquisition for third party entities, strategic, financial, and operational consulting and real estate acquisition and development, are rallying in today’s trading.

At last check, GYST shares were trading 37.88% lower at $0.0091, with volume up from daily average of 11.87 million to 30.28 million. The stock has been trading in the range of $0.0065 and $0.0105 so far in today’s trading.

GYST announced today that it has begun mining operations in its 988 acres property in Gorila, located in northeastern Peru. Based on its recent tests, it estimates 0.76 grams of gold per cubic meter or 0.62 grams per ton. It expects to start its full fledged production by Dec 2012.

Shares of Coastal Capital Acquisition Corp. (OTCPK: CCAJ), a Georgia based Consulting and holding Company that is engaged in acquiring manufacturing and transportation companies in the small to middle markets in North America, are seeing significant activity in today’s trading.

At last check, CCAJ shares were trading flat at $0.0043, with volume up from daily average of 5.76 million to 11.31 million. The stock has been trading so far today in the range of $0.0042 and $0.0051. It gained over 230% year to date.

CCAJ’s wholly owned subsidiary, Earth Surfaces of America successfully installed decorative benches, pebble mosaics and specially designed shell and pebble pavers at the City of Hollywood.  This project alone generated revenue of $277,000 for the company.


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