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Scorpio's Drilling of New High-Grade Lens Adjacent to North Extension of Deposit includes 16 metres grading 178.47 g/t Ag, 3.52% Zn, 0.61% Cu, 1.71% Pb and 0.19 g/t Au
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Vancouver, January 31, 2007 - Scorpio Mining Corporation (TSX:SPM) is pleased to report additional underground drill intercepts into the new lens discovery peripheral to the north extension of the Nuestra Senora deposit (Reference: January 25, 2007 news release).
Peter J. Hawley, Chairman, CEO reports, "We continue to be very impressed with the extent of the mineralized system. The latest discoveries of multiple high-grade lenses peripheral to the extensions of the Nuestra Senora are the third and fourth new mineralized bodies discovered within a year. Using our model on controls to mineralization, we are successfully building tonnage at very low exploration cost. As we continue to make new discoveries and build on our overall resource, we remain highly optimistic of the potential for a long-term operation at Nuestra Senora."
Table 1 presents new intercepts from the North Lens mineralization. New assay data for the South Lens is pending.
Table 1. North Lens
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS8L-06-31 |
0.50 |
1.00 |
0.50 |
321.00 |
0.13 |
2.26 |
3.00 |
15.55 |
|
10.00 |
26.00 |
16.00 |
178.47 |
0.19 |
0.61 |
1.71 |
3.52 |
Including |
13.00 |
17.00 |
4.00 |
513.50 |
0.42 |
1.51 |
3.96 |
8.64 |
Including |
13.00 |
14.00 |
1.00 |
1,110.00 |
0.35 |
1.67 |
2.49 |
6.22 |
Including |
25.00 |
26.00 |
1.00 |
159.00 |
0.06 |
1.32 |
6.27 |
9.69 |
|
87.00 |
89.00 |
2.00 |
43.00 |
0.08 |
0.06 |
1.55 |
4.32 |
|
110.00 |
112.50 |
2.50 |
57.20 |
0.22 |
0.26 |
1.03 |
3.60 |
NS8L-06-32 |
0.00 |
0.70 |
0.70 |
95.00 |
0.12 |
1.09 |
3.39 |
6.81 |
|
11.90 |
16.60 |
4.70 |
283.34 |
0.58 |
1.16 |
4.37 |
6.93 |
Including |
11.90 |
13.00 |
1.10 |
479.00 |
2.15 |
1.79 |
9.87 |
12.75 |
|
46.90 |
47.80 |
0.90 |
220.00 |
0.18 |
0.04 |
0.89 |
0.35 |
|
57.30 |
58.80 |
1.50 |
139.00 |
0.07 |
0.00 |
0.48 |
0.01 |
|
90.80 |
91.20 |
0.40 |
146.00 |
0.11 |
0.00 |
3.61 |
1.36 |
|
94.30 |
98.80 |
4.50 |
13.00 |
0.03 |
0.02 |
0.55 |
1.51 |
NS8L-06-33 |
0.00 |
2.90 |
2.90 |
125.93 |
0.15 |
1.04 |
1.71 |
3.74 |
|
15.20 |
16.00 |
0.80 |
129.00 |
0.07 |
0.87 |
0.72 |
7.53 |
|
20.40 |
21.40 |
1.00 |
45.00 |
0.04 |
0.49 |
0.55 |
2.61 |
|
23.20 |
27.80 |
4.60 |
123.37 |
0.05 |
0.99 |
5.31 |
8.26 |
Including |
25.00 |
27.80 |
2.80 |
191.11 |
0.07 |
1.60 |
8.36 |
12.74 |
|
92.10 |
93.80 |
1.70 |
213.59 |
0.22 |
0.59 |
6.18 |
3.68 |
|
102.30 |
104.50 |
2.20 |
65.09 |
0.09 |
0.14 |
2.32 |
2.53 |
In addition, the cement plant for pouring the various footings of the mill facility has arrived in Cosala, as well as the base of the primary crusher plant, which will be the first piece of equipment installed. To date, the mill equipment has been arriving in a timely fashion, and it is expected that all equipment will be in Mexico by mid February 2007.
Drill hole data in Table 1 reflects 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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