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Scorpio's Underground Drilling Hits Multiple New High-Grade Lenses Adjacent to North and South Extensions of Nuestra Senora Deposit
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Vancouver, January 25, 2007 - Scorpio Mining Corporation (TSX:SPM) is pleased to report additional discoveries of high-grade, stacked lenses peripheral to the extensions of the Nuestra Senora deposit.
Peter J. Hawley, Chairman, CEO reports, "These new discoveries continue to exemplify the robust nature of the mineralizing system at Nuestra Senora. With over 2,000 assays pending, we expect plenty of good news to report and will continue to expand the size of the deposit from the most recent resource estimate of Measured and Indicated Resources of 3,544,378 tonnes grading 118 g/t Silver, 2.27% Zinc, 0.38% Copper, 1.06% Lead and 0.15 g/t Gold in addition to Inferred Resources of 4,107,110 tonnes grading 132 g/t Silver, 2.18% Zinc, 0.22% Copper, 1.00% Lead and 0.185 g/t Gold (Reference: News Release - January 9, 2007)."
"Definition drilling of the Nuestra Senora deposit from the 8th Level has been completed, and follow-up to these newly discovered high-grade lenses will take place from other levels. The company continues to accelerate stope definition and development of the deposit, including recently completed access for draw points into the Hoag Zone on the 9th and 10th levels."
Table 1. North Lens
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS8L-06-22 |
0.00 |
0.50 |
0.50 |
327.00 |
0.15 |
0.53 |
9.27 |
9.47 |
|
8.60 |
10.60 |
2.00 |
685.80 |
0.30 |
5.16 |
0.49 |
0.87 |
|
13.60 |
21.40 |
7.80 |
119.13 |
0.23 |
0.55 |
2.30 |
4.59 |
Including |
16.90 |
18.60 |
1.70 |
274.76 |
0.33 |
0.91 |
6.99 |
11.19 |
|
25.20 |
26.30 |
1.10 |
948.00 |
2.70 |
2.41 |
9.32 |
16.85 |
|
65.20 |
66.70 |
1.50 |
132.00 |
0.10 |
0.04 |
0.41 |
0.49 |
Table 2. South Lens
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS8L-06-30 |
33.45 |
35.25 |
1.80 |
351.44 |
0.08 |
3.07 |
7.28 |
17.12 |
|
40.50 |
44.55 |
4.05 |
113.14 |
0.22 |
0.84 |
2.71 |
6.38 |
|
66.25 |
69.10 |
2.85 |
646.95 |
0.30 |
0.01 |
1.38 |
6.12 |
|
75.00 |
76.50 |
1.50 |
1,430.00 |
0.72 |
0.01 |
2.43 |
0.01 |
Table 3. Nuestra Senora 8th Level - Definition Drilling
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS8L-06-23 |
27.00 |
30.40 |
3.40 |
144.90 |
0.13 |
0.01 |
0.80 |
0.67 |
|
76.90 |
77.80 |
0.90 |
646.00 |
0.88 |
0.002 |
4.32 |
0.77 |
NS8L-06-24 |
1.10 |
3.90 |
2.80 |
78.50 |
0.11 |
0.01 |
0.71 |
2.09 |
|
63.80 |
64.60 |
0.80 |
1,035.00 |
0.52 |
3.71 |
21.00 |
6.47 |
NS8L-06-25 |
22.30 |
23.50 |
1.20 |
203.00 |
0.07 |
0.04 |
0.74 |
0.26 |
|
59.50 |
60.70 |
1.20 |
141.00 |
0.16 |
0.04 |
0.48 |
0.08 |
|
64.00 |
65.10 |
1.10 |
107.00 |
0.11 |
0.02 |
0.64 |
0.19 |
|
68.30 |
69.30 |
1.00 |
688.00 |
0.36 |
0.82 |
3.07 |
7.51 |
NS8L-06-26 |
No significant values |
NS8L-06-27 |
50.80 |
52.30 |
1.50 |
581.00 |
0.13 |
0.03 |
0.93 |
0.21 |
|
63.50 |
69.60 |
6.10 |
262.00 |
0.60 |
0.30 |
2.49 |
3.61 |
NS8L-06-28 |
63.70 |
66.80 |
3.10 |
325.97 |
0.46 |
0.68 |
3.44 |
5.58 |
NS8L-06-29 |
0.00 |
1.50 |
1.50 |
58.00 |
0.07 |
0.03 |
0.84 |
2.89 |
Drill hole data in all tables reflect down hole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time. Further information on the Company and the Nuestra Senora project is available on the Scorpio Mining web site at: www.scorpiomining.com.
President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified Person for the Nuestra Senora project. Mr. Scammell is responsible for the current exploration and development program and the preparation of all technical information provided in this release. All technical information for the Nuestra Senora property is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are shipped to the ALS Chemex preparation laboratory in Hermosillo, Mexico for drying, crushing and pulverizing. ALS Chemex, Hermosillo then sends the pulps by air-freight to ALS Chemex, Vancouver for assaying. Systematic assaying of standards and blanks are performed for precision and accuracy; check assays are regularly conducted by SGS Lakefield Research. Details of the QA/QC program are available on the Company's website at www.scorpiomining.com.
ON BEHALF OF SCORPIO MINING CORPORATION
Peter J. Hawley
Chairman & CEO
For further information contact:
Glenn Little, Jackson Little Holdings Ltd: 604-930-4375; 1-888-930-4375
Email: jlconsulting@telus.net
Rich Kaiser, YES International: 1-800-631-8127; 001-757-306-6090 (outside North America)
Email: yes@yesinternational.com
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration success, continued availability of capital and financing, and general economic, market or business conditions. |
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