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Scorpio's 8 Level Underground Drilling of Nuestra Señora Deposit Reports 15.20 metres grading 321 g/t Ag, 8.26% Zn, 1.18% Cu, 4.90% Pb and 0.377 g/t Au followed by 845 g/t Ag, 3.19% Zn, 0.93% Cu, 2.89% Pb and 0.218 g/t Au over 1.30 metres in the same Hol
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Vancouver, July 10, 2007 - Scorpio Mining Corporation (TSX:SPM) is pleased to report addition underground drill results from the 8th Level of its 100% owned Nuestra Señora deposit, Sinaloa State, Mexico.
Peter J. Hawley, Chairman, CEO reports, "The definition drilling of the Nuestra Señora continues to advance at a rapid rate on the 8th, 9th and 10th levels. Results to date, confirm the deposit's continuity and the potential for expansion. It also facilitates addition mine planning pertaining to future increased production as well as the upgrading of the resources to reserves in the area. We are accelerating the mine underground development and mill construction to meet the project's deadline of being in production next year."
Table 1 - 8th Level Underground Drill Results - Nuestra Senora
Hole # |
From
(m) |
To
(m) |
Length
(m) |
Ag
(g/t) |
Au
(g/t) |
Cu
% |
Pb
% |
Zn
% |
NS8L-07-45 |
46.00 |
48.00 |
2.00 |
513.00 |
0.445 |
2.07 |
5.22 |
10.88 |
|
65.00 |
66.00 |
1.00 |
125.00 |
0.085 |
0.49 |
3.26 |
4.80 |
|
73.00 |
78.00 |
5.00 |
132.00 |
0.057 |
1.31 |
0.67 |
5.40 |
|
79.00 |
80.00 |
1.00 |
122.00 |
0.526 |
0.40 |
1.05 |
3.66 |
|
84.00 |
85.00 |
1.00 |
83.00 |
0.049 |
1.14 |
0.59 |
2.91 |
|
89.00 |
90.00 |
1.00 |
149.00 |
0.078 |
1.72 |
5.17 |
11.15 |
NS8L-07-47 |
13.50 |
16.50 |
3.00 |
110.00 |
0.352 |
0.45 |
4.14 |
2.66 |
|
30.00 |
31.50 |
1.50 |
143.00 |
0.190 |
0.17 |
1.70 |
0.19 |
|
36.00 |
40.50 |
4.50 |
276.00 |
0.211 |
1.88 |
1.09 |
0.66 |
|
60.00 |
63.00 |
3.00 |
128.00 |
0.179 |
0.97 |
0.81 |
1.15 |
|
64.50 |
67.50 |
3.00 |
159.00 |
0.238 |
1.13 |
0.43 |
0.78 |
NS8L-07-48 |
15.35 |
17.10 |
1.75 |
88.00 |
0.347 |
0.35 |
2.82 |
3.04 |
|
45.00 |
46.50 |
1.50 |
372.00 |
0.082 |
1.20 |
2.36 |
6.20 |
|
49.50 |
51.00 |
1.50 |
221.00 |
0.299 |
1.72 |
0.32 |
0.44 |
|
55.00 |
56.00 |
1.00 |
282.00 |
0.713 |
3.25 |
3.22 |
8.56 |
|
57.00 |
58.00 |
1.00 |
145.00 |
0.164 |
0.91 |
2.83 |
3.80 |
|
59.00 |
60.00 |
1.00 |
113.00 |
0.164 |
1.58 |
0.67 |
0.21 |
|
64.30 |
66.85 |
2.55 |
513.00 |
0.305 |
9.81 |
4.42 |
4.63 |
|
68.00 |
72.00 |
4.00 |
566.00 |
0.534 |
1.96 |
1.82 |
2.14 |
|
74.00 |
75.00 |
1.00 |
75.00 |
0.091 |
0.25 |
1.30 |
2.77 |
|
76.50 |
78.00 |
1.50 |
162.00 |
0.185 |
0.20 |
0.62 |
1.03 |
|
91.00 |
94.00 |
3.00 |
104.00 |
0.167 |
1.39 |
1.84 |
5.02 |
|
99.90 |
115.10 |
15.20 |
321.00 |
0.377 |
1.18 |
4.90 |
8.26 |
|
131.60 |
132.90 |
1.30 |
845.00 |
0.218 |
0.93 |
2.89 |
3.19 |
|
147.20 |
150.30 |
3.10 |
65.00 |
0.209 |
0.01 |
0.44 |
6.24 |
NS8L-07-49 |
1.50 |
3.00 |
1.50 |
144 |
0.367 |
0.13 |
0.86 |
1.40 |
NS8L-07-51 |
11.30 |
12.30 |
1.00 |
91.00 |
0.163 |
0.26 |
1.27 |
1.33 |
Drillhole data in the table reflects down hole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time. A plan view of the surface drilling of the Santa Teresa deposit plus further information on the Company and the Nuestra Señora 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 Señora project. Mr. Scammell is responsible for the current exploration and development program and has reviewed the content of this release. All technical information for the Nuestra Señora 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 the 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.
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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