NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Vancouver, July 30, 2007 - Scorpio Mining Corporation (TSX:SPM) is pleased to report the first drill results from 2007 surface drilling targeting the Santo Domingo satellite deposit at the Nuestra Senora project, Sinaloa State, Mexico.
The Santo Domingo mineralization is exposed at river level approximately 150 metres southwest of the Santa Teresa occurrence. Both of these satellite deposits are located within 250 metres of the Nuestra Senora deposit and 200 metres southwest and 150 metres below the Candelaria deposit located at the top of the canyon.
Extraction of mineralized material by ASARCO from the Santo Domingo deposit was limited to approximately 40,000 tonnes from an open box cut at surface and 40 metres of underground drifting from river level. The mineralization consists of massive and disseminated coarse galena, sphalerite, pyrite and chalcopyrite in a skarn and breccia matrix of quartz, epidote, actinolite, tremolite and grossularite garnets. There is no evidence that ASARCO undertook any drill testing of the deposit.
Peter J. Hawley, Chairman, CEO reports, "The reported surface drilling of the Santo Domingo deposit consisted of one drill set up with 4 holes being drilled at various azimuths and dips to determine the extent of the mineralization encountered and to give a more defined three dimensional view of the body so future underground drilling from the 6th level, (90 metres vertically below the surface level) can target the zone."
"This now constitutes two successful drill campaigns on the two satellite deposits, Santo Domingo and Santa Teresa (June 25, 2007 news release, Santa Teresa surface drilling reports 16.50 metres grading 116 g/t Ag, 5.30% Zn, 0.28% Cu, 3.44% Pb and 0.207 g/t Au followed by 132 g/t Ag, 3.61% Zn, 0.36% Cu, 3.02% Pb and 0.199 g/t Au over 14.70 metres in same hole), which are proximal to the main Nuestra Senora deposit. Both deposits can be further delineated by underground drilling from the developed Nuestra Senora workings. The Company continues to be impressed with the widespread mineralization on the Nuestra Señora property. Since commencement of exploration, the Company has had success with defining the Nuestra Senora, Candelaria, Santa Teresa, Santo Domingo, Hoag, Sept 9, Main South and Main North zones. Of the 8 zones in total, 4 represent new discoveries."
Table 1. Surface Drill Results - Santo Domingo
|
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
| NSS-07-91 |
17.50 |
18.90 |
1.40 |
109 |
0.281 |
0.04 |
1.46 |
1.10 |
| |
26.10 |
30.10 |
4.00 |
345 |
0.233 |
1.67 |
6.77 |
16.85 |
| NSS-07-92 |
17.50 |
21.40 |
3.90 |
716 |
0.896 |
1.32 |
11.25 |
22.98 |
| |
23.30 |
32.90 |
9.60 |
554 |
1.248 |
2.32 |
6.61 |
10.65 |
| NSS-07-93 |
22.10 |
22.70 |
0.60 |
59 |
0.168 |
0.19 |
0.66 |
3.48 |
| |
25.60 |
27.20 |
1.60 |
629 |
3.246 |
2.83 |
8.12 |
7.79 |
| |
29.00 |
32.00 |
3.00 |
207 |
0.632 |
0.81 |
2.13 |
4.14 |
| NSS-07-94 |
16.50 |
19.40 |
2.90 |
192 |
0.204 |
0.21 |
1.32 |
5.45 |
| |
22.20 |
23.50 |
1.30 |
269 |
0.257 |
0.20 |
1.65 |
12.85 |
Drillhole data in the table reflects down hole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time. Photographs of the drill interceptions can be viewed 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 Senora 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 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 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. |
