TSX:SPM
VANCOUVER, March 18 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is
pleased to report additional underground drill results from the Santa Teresa
Extension Zone at its 100% owned Nuestra Senora project, Sinaloa State,
Mexico.
Peter J. Hawley, Chairman, CEO comments, "Due to its proximity to current
underground development, good widths, and higher grades, the Santa Teresa
Extension Zone has quickly moved up our medium-term mine planning schedule, as
it could have a significant impact on providing higher-grade feed to the mill
facility. The zone appears to be strongly enriched in mineralization proximal
to the Sept 9 Zone, which is now interpreted as a possible mineralized feeder
conduit for the Hoag, Santa Teresa and Nuestra Senora mineralized zones."Table 1. 9th Level Underground Drill Results - Santa Teresa Extension
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Hole No. From To Length Ag Au Cu Pb Zn
(m) (m) (m) (g/t) (g/t) % % %
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NS9L-07-106 16.05 29.85 13.80 385 0.05 0.75 2.09 9.50
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Including 16.05 19.20 3.15 1496 0.15 2.88 4.30 36.62
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Including 26.20 29.85 3.65 137 0.04 0.24 4.03 3.52
-------------------------------------------------------------------------The Santa Teresa Extension Zone is parallel to and southeast of the Hoag
Zone where most of the initial underground mining is expected to occur in 2008
and 2009. As shown on the Level 9 plan map
(www.scorpiomining.com/s/NuestraSenora.asp), the Santa Teresa Extension and
Hoag zones are linked by the Sept 9 Zone, where recent underground development
on the 9th and 10th Levels has delineated impressive sulphide mineralization
within the structure. The Sept 9 Zone appears to dip moderately towards the
west and strikes approximately north-northwest. Given its trend, the Sept 9
Zone should intersect the east dipping Main Nuestra Senora Zone at depth. The
hypothesis is that such an intersection could have resulted in a large
dilation zone and potentially allowed for wide spread emplacement of
mineralization.
Consistent with previously announced drill hole results (Tables 2 and 3),
the Santa Teresa Extension continues to show good widths in most of the holes.
The geometry of the currently defined lens suggests that it will be amenable
to low-cost, long-hole mining. The Santa Teresa Extension Zone remains open up
and down dip along the rake of the mineralization.Table 2. Recently Announced Results from Levels 9 and 10 -
Santa Teresa Extension
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Hole No. From To Length Ag Au Cu Pb Zn
(m) (m) (m) (g/t) (g/t) % % %
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NS9L-07-101 35.60 37.00 1.40 43 0.01 0.13 0.50 2.95
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NS9L-07-102 19.50 55.00 35.50 88 0.02 0.20 2.24 2.12
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Including 19.50 32.20 12.70 108 0.02 0.18 2.45 2.03
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Including 38.50 41.80 3.30 217 0.03 0.98 5.59 5.15
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Including 44.60 55.00 10.40 90 0.03 0.12 2.57 2.77
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NS9L-07-103 40.20 61.40 21.20 132 0.03 0.60 1.54 2.99
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Including 36.40 37.50 1.10 142 0.03 0.80 1.43 2.09
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Including 40.20 43.10 2.90 585 0.09 1.69 6.40 11.90
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Including 47.60 50.90 3.30 91 0.02 0.51 0.63 1.60
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Including 56.90 61.40 4.50 123 0.02 0.97 1.66 3.91
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NS9L-07-104 2.30 8.40 6.10 118 0.02 0.90 5.47 5.05
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NS9L-07-105 16.00 20.85 4.85 40 0.02 0.06 1.30 3.77
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NS9L-07-107 24.00 28.50 4.50 100 0.03 0.29 2.89 2.07
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NS9L-07-108 18.60 47.30 28.70 121 0.03 0.45 2.97 3.57
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NS9L-07-109 0.00 9.20 9.20 223 0.02 0.82 4.75 5.77
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NS9L-07-86 35.00 48.00 13.00 186 0.02 0.18 2.16 9.65
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NS9L-07-96 28.40 57.60 29.20 355 0.09 0.34 1.62 5.97
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NS9L-07-97 17.10 27.20 10.10 269 0.09 0.46 7.26 7.04
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NS10L-07-134 13.50 29.80 16.30 106 0.03 0.21 0.28 3.76
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NS10L-07-139 27.60 35.30 7.70 247 0.03 0.31 4.57 2.20
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NS10L-07-140 14.10 20.50 6.40 137 0.02 0.42 1.57 2.86
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Including 14.10 15.30 1.20 71 0.01 0.04 1.24 1.29
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Including 17.80 20.50 2.70 287 0.04 0.93 3.08 6.01
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NS10L-07-149 29.90 37.40 7.50 54 0.01 0.08 1.57 1.46
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Including 29.90 32.60 2.70 65 0.01 0.08 2.14 2.60
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Including 35.50 37.40 1.90 80 0.02 0.13 2.26 1.28
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Table 3. Other Previous Underground Results - Santa Teresa Extension
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Hole No. From To Length Ag Au Cu Pb Zn
(m) (m) (m) (g/t) (g/t) % % %
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NSUG-06-112 94.48 94.90 0.42 257 0.06 0.17 4.71 16.15
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NSUG-06-119 76.80 96.30 19.50 51 0.01 0.23 0.98 2.73
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Including 76.80 78.30 1.50 171 0.03 0.28 7.54 15.45
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Including 87.50 96.30 8.80 82 0.02 0.46 0.87 3.37
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NSUG-06-120 88.00 89.80 1.80 337 0.03 0.77 13.45 7.68
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NSUG-06-121 83.50 84.90 1.40 134 0.02 1.00 3.85 4.33
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NSUG-06-122 76.50 84.80 8.30 92 0.03 0.13 2.95 1.91
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NSUG-06-123 116.30 119.50 3.20 74 0.03 0.27 1.12 1.31
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NSUG-07-154 58.10 64.10 6.00 75 0.01 0.18 2.70 3.21
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NSUG-07-172 76.40 78.80 2.40 80 0.03 0.02 1.95 4.72
-------------------------------------------------------------------------Drillhole data in the tables reflect 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
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
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 or development 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, mine development priorities, continued
availability of capital and financing, and general economic, market or
business conditions.
For further information: 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
