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Scorpio's Additional Deep Drilling of Sept 9 Zone from 11th level of the Nuestra Senora Deposit Hits 410 g/t Ag, 3.32% Zn, 1.30% Cu, 0.68% Pb and 0.269 g/t Au over 22 metres
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Vancouver, November 8, 2007 - Scorpio Mining Corporation (TSX:SPM) is pleased to report additional underground drill results targeting the Sept 9 body from the 10th and 11th Levels of its 100% owned Nuestra Senora deposit, Sinaloa State, Mexico.
Peter J. Hawley, Chairman, CEO reports, "The intersections of the Sept 9 zone from the 11th Level (Table 2) display consistent metal contents and widths, which compliment those of the nearby Nuestra Senora body as reported on November 2, 2007. It appears the related structural dilation zones are wider at depth, creating larger structural voids in which mineral deposition occurred. The Sept 9 zone sits proximal to the underground development workings of the Hoag zone and the Nuestra Senora body. All known mineralization remains open in all directions, and the recent drill intercepts reported will certainly increase the life of mine and support the new reserve/resource calculations slated for the second quarter of 2008. The Company continues to accelerate the underground development and mill construction."
Table 1. 10th Level Underground Drill Results - Sept 9 Zone
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS10L-07-129 |
5.10 |
8.00 |
2.90 |
204 |
0.129 |
0.34 |
0.30 |
2.27 |
NS10L-07-133 |
18.40 |
26.80 |
8.40 |
280 |
0.197 |
0.47 |
0.72 |
0.53 |
NS10L-07-134 |
9.90 |
36.10 |
26.20 |
88 |
0.022 |
0.15 |
0.28 |
2.92 |
NS10L-07-136 |
24.60 |
25.70 |
1.10 |
137 |
0.099 |
0.13 |
0.15 |
0.10 |
|
49.40 |
50.60 |
1.20 |
132 |
0.023 |
0.06 |
0.11 |
0.24 |
NS10L-07-138 |
12.80 |
16.90 |
4.10 |
347 |
0.063 |
1.14 |
1.50 |
2.03 |
NS10L-07-139 |
13.00 |
15.60 |
2.60 |
242 |
0.031 |
0.29 |
3.52 |
2.58 |
|
27.60 |
35.30 |
7.70 |
247 |
0.034 |
0.31 |
4.57 |
2.20 |
NS10L-07-140 |
17.80 |
20.50 |
2.70 |
287 |
0.038 |
0.93 |
3.08 |
6.01 |
Table 2. 11th Level Underground Drill Results - Sept 9 Zone
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NSUG-07-178 |
18.00 |
19.50 |
1.50 |
322 |
0.250 |
0.86 |
0.11 |
0.66 |
|
25.00 |
27.00 |
2.00 |
391 |
0.295 |
0.69 |
0.77 |
3.25 |
NSUG-07-179 |
22.80 |
26.00 |
3.20 |
215 |
0.064 |
0.38 |
0.38 |
1.91 |
NSUG-07-180 |
22.70 |
23.90 |
1.20 |
168 |
0.115 |
0.06 |
1.20 |
1.48 |
|
47.00 |
69.00 |
22.00 |
410 |
0.269 |
1.30 |
0.68 |
3.32 |
|
78.70 |
81.50 |
2.80 |
216 |
0.025 |
0.41 |
5.70 |
1.14 |
|
93.60 |
103.20 |
9.60 |
204 |
0.049 |
0.75 |
6.09 |
8.57 |
|
106.40 |
115.20 |
8.80 |
231 |
0.121 |
0.82 |
5.95 |
10.25 |
Drillhole data in the table 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 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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