NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Vancouver, August 13, 2007 - Scorpio Mining Corporation (TSX:SPM) is pleased to report addition underground drill results from the 10th Level of its 100% owned Nuestra Senora deposit, Sinaloa State, Mexico.
Peter J. Hawley, Chairman, CEO reports, "The exploration and definition drilling from the 10th level of the Nuestra Senora deposit, approximately 210 metres vertically below surface, correlates very well to that of the previously reported drilling from the 8th and 9th levels (see news release of July10, 2007). In addition, the company continues to find extensions to the Nuestra Senora mineralization at the periphery of the deposit. All of the mineralization found to date in the Nuestra Senora and nearby satellite deposits is accessible by underground development, and exploration continues to expand the mineral inventory. The Company continues to be very impressed by the robust nature and extent of mineralization within a relatively small area."
Table 1. 10th Level Underground Drill Results - Nuestra Senora
|
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
| NS10L-07-61 |
41.70 |
45.00 |
3.30 |
241 |
0.237 |
1.65 |
3.83 |
4.31 |
| NS10L-07-64 |
37.50 |
42.00 |
4.50 |
162 |
0.143 |
0.56 |
1.24 |
2.10 |
| |
76.50 |
78.00 |
1.50 |
146 |
0.038 |
0.04 |
0.76 |
0.18 |
| NS10L-07-97 |
117.00 |
120.40 |
3.40 |
482 |
0.370 |
0.94 |
3.60 |
1.72 |
| NS10L-07-99 |
69.70 |
71.00 |
1.30 |
190 |
0.108 |
0.00 |
0.36 |
1.36 |
| |
74.60 |
83.00 |
8.40 |
115 |
0.081 |
1.24 |
0.62 |
4.31 |
| NS10L-07-100 |
65.30 |
82.50 |
17.20 |
319 |
0.213 |
1.41 |
4.65 |
6.76 |
| NS10L-07-103 |
42.50 |
46.90 |
4.40 |
332 |
0.134 |
1.13 |
1.31 |
4.10 |
| NS10L-07-108 |
46.90 |
49.90 |
3.00 |
158 |
0.109 |
1.01 |
7.85 |
6.73 |
| NS10L-07-113 |
26.50 |
30.10 |
3.60 |
220 |
0.195 |
0.89 |
8.49 |
8.71 |
| |
106.10 |
110.20 |
4.10 |
193 |
0.139 |
0.45 |
0.95 |
2.93 |
| |
116.30 |
125.50 |
9.20 |
211 |
0.231 |
0.86 |
1.96 |
5.16 |
| |
127.50 |
134.40 |
6.90 |
121 |
0.065 |
0.35 |
0.26 |
0.46 |
| |
148.10 |
149.60 |
1.50 |
136 |
0.031 |
0.05 |
0.51 |
0.53 |
| |
152.60 |
153.70 |
1.10 |
138 |
0.085 |
0.17 |
0.39 |
0.72 |
| |
157.10 |
168.80 |
11.70 |
191 |
0.073 |
0.77 |
1.21 |
4.33 |
| |
171.00 |
181.60 |
10.60 |
120 |
0.136 |
1.07 |
0.87 |
1.40 |
| NS10L-07-114 |
16.40 |
19.30 |
2.90 |
118 |
0.043 |
0.54 |
5.58 |
7.52 |
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 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. 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. |
