Santa Teresa Deposit Continues to Deliver with Underground Drilling Reporting 9.20 metres grading 223 g/t Ag, 5.77% Zn, 0.82% Cu, 4.75% Pb and 0.020 g/t Au



    TSX:SPM

    VANCOUVER, Feb. 28 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is
pleased to report additional underground drill results targeting the Santa
Teresa deposit from the 10th, 9th and 6th Levels of the Nuestra Senora ramp of
its 100% owned Nuestra Senora project, Sinaloa State, Mexico.
    The Santa Teresa deposit mineralization is exposed at river level
approximately 150 metres northeast of the Santo Domingo and 250 metres east of
the Nuestra Senora deposit, both of which also outcrop at river level. The
Candelaria deposit outcrops on the canyon wall 150 metres above the river
level between the Santa Teresa and the Nuestra Senora deposits.
    Peter J. Hawley, Chairman, CEO comments, "The results presented in Tables
1-3 below are from horizontally drilled holes collared approximately 90 to 210
metres vertically from surface. With the recent and continued success of the
drilling of the Santa Teresa deposit, significant mineralization is being
defined that will be readily accessible to the main haulage ramp for
cost-effective extraction."

    
        Table 1.  10th Level Underground Drill Results - Santa Teresa

    -------------------------------------------------------------------------
    Hole No.       From      To    Length    Ag    Au      Cu     Pb     Zn
                    (m)      (m)     (m)   (g/t)  (g/t)     %      %      %
    -------------------------------------------------------------------------
    NS10L-07-145    1.50     4.50    3.00   119   0.070   0.16   0.03   0.18
    -------------------------------------------------------------------------
                   14.90    18.10    3.20   114   0.081   0.19   0.08   0.03
    -------------------------------------------------------------------------
    NS10L-07-149   49.60    50.90    1.30   117   0.014   0.04   1.66   0.53
    -------------------------------------------------------------------------

         Table 2.  9th Level Underground Drill Results - Santa Teresa

    -------------------------------------------------------------------------
    Hole No.       From      To    Length    Ag     Au     Cu     Pb     Zn
                    (m)      (m)     (m)   (g/t)  (g/t)     %      %      %
    -------------------------------------------------------------------------
    NS9L-07-100    24.10    27.20    3.10    95   0.007   0.02   3.33   3.35
    -------------------------------------------------------------------------
                   97.40    99.00    1.60   257   0.231   0.92   0.37   0.03
    -------------------------------------------------------------------------
    NS9L-07-101    12.80    14.90    2.10   142   0.020   0.47   0.98   4.55
    -------------------------------------------------------------------------
    NS9L-07-102    19.50    32.20   12.70   108   0.024   0.18   2.45   2.03
    -------------------------------------------------------------------------
                   38.50    55.00   16.50   105   0.033   0.29   2.86   2.94
    -------------------------------------------------------------------------
    NS9L-07-103    11.70    19.80    8.10    68   0.016   0.17   2.37   2.25
    -------------------------------------------------------------------------
                   35.30    43.10    7.80   251   0.043   0.76   2.82   5.25
    -------------------------------------------------------------------------
                   47.60    62.50   14.90    70   0.018   0.50   0.90   1.94
    -------------------------------------------------------------------------
    NS9L-07-104     2.30     8.40    6.10   118   0.020   0.90   5.47   5.05
    -------------------------------------------------------------------------
                   33.30    38.75    5.45   109   0.029   0.30   2.14   1.22
    -------------------------------------------------------------------------
    NS9L-07-108    18.60    47.30   28.70   121   0.031   0.45   2.97   3.57
    -------------------------------------------------------------------------
    NS9L-07-109     0.00     9.20    9.20   223   0.020   0.82   4.75   5.77
    -------------------------------------------------------------------------
                   27.60    29.80    2.20   140   0.047   0.42   2.50   1.56
    -------------------------------------------------------------------------

         Table 3.  6th Level Underground Drill Results - Santa Teresa

    -------------------------------------------------------------------------
    Hole No.       From      To    Length    Ag     Au     Cu     Pb     Zn
                    (m)      (m)     (m)   (g/t)  (g/t)     %      %      %
    -------------------------------------------------------------------------
    NS6L-07-15     82.30    84.30    2.00   149   0.194   0.92   0.43   0.05
    -------------------------------------------------------------------------
    NS6L-07-124    94.30    99.80    5.50    76   0.147   0.21   1.59   1.98
    -------------------------------------------------------------------------
                  103.70   115.00   11.30   114   0.222   0.29   1.01   1.00
    -------------------------------------------------------------------------
                  117.50   126.00    8.50    68   0.217   0.32   1.28   3.78
    -------------------------------------------------------------------------
                  139.30   145.90    6.60    89   0.265   0.19   3.73   3.78
    -------------------------------------------------------------------------
    

    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:

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

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