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Scorpio Awards Contracts for Pre-Feasibility Level Studies on Nuestra Senora Silver-Zinc Project, Mexico
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Vancouver, February 5, 2007 - Scorpio Mining Corporation (TSX:SPM) is pleased to report that the following mining engineering contracts have been awarded for the advancement of the Nuestra Senora Silver-Zinc project located in Sinaloa State, Mexico.
These contracts will be grouped together under one pre-feasibility study, with Genivar coordinating the work and final report. The Company is delighted to have assembled such a high quality and well-respected group of companies to facilitate fast tracking the Nuestra Senora project to a production decision. Timing for the completion of a new resource estimate, metallurgy, mine and mill design and scheduling is estimated for late March / early April 2007.
Resource/Reserve Estimation
Geopointcom - Specializes in geostatistics, 3d modeling and resource/reserve estimation.
Rock Mechanics and Mining Method Design
Mine-Concepts - Specializes in rock mechanics and underground mining methods.
Mine Design
Consultations Minières 2000 - Specializes in mine design and project management.
Metallurgy
SGS Mineral Services, Lakefield - Industry leader in a full range of metallurgical testing services.
Mill Design, Metallurgy & Pre-Feasibility Study
Genivar - Providing a comprehensive range of engineering, environmental and construction services in the mining and mineral processing industry.
Mill design - Peer Review
Amec - Global leader in mining project assessments.
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 has reviewed the content of this release.
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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