Scorpio's Deep Drilling of Nuestra Senora Deposit From 11th level Hits 2,620 g/t Ag, 3.87% Zn, 9.22% Cu, 8.63% Pb and 0.579 g/t Au Over 1.3 Meters With Another Drill Hole Reporting 20.70 Meters 253 g/t Ag, 2.42% Zn, 9.22% Cu, 8.63% Pb and 0.579 g/t Au



    TSX:SPM

    VANCOUVER, Nov. 2 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is pleased
to report additional underground drill results targeting the Nuestra Senora
main body from the 6th, 8th, 9th and 11th Levels of its 100% owned Nuestra
Senora deposit, Sinaloa State, Mexico.
    Peter J. Hawley, Chairman, CEO reports, "The grades from the 11th Level
(Table 4) are showing a consistent and uniform metal content with the
occasional high-grade sweet spot showing grades in the 1,000 to 2,600 grams
per ton silver range with no indication of silver grades or widths decreasing
at depth. All known mineralization remains open in all directions. The Company
continues to advance the underground development and mill construction."

    
    Table 1 - 6th Level Underground Drill Results - Nuestra Senora Body

    -------------------------------------------------------------------------
    Hole No.      From     To    Length     Ag     Au    Cu      Pb     Zn
                  (m)     (m)      (m)    (g/t)  (g/t)    %       %      %
    -------------------------------------------------------------------------
    NS6L-07-05  195.10  207.90    12.80    105   0.089   0.14    2.98   3.35
    -------------------------------------------------------------------------


    Table 2 - 8th Level Underground Drill Results - Nuestra Senora Body

    -------------------------------------------------------------------------
    Hole No.      From     To    Length     Ag     Au    Cu      Pb     Zn
                  (m)     (m)      (m)    (g/t)  (g/t)    %       %      %
    -------------------------------------------------------------------------
    NS8L-07-58    4.00   10.00     6.00    212   0.190   0.01    0.59   0.56
    -------------------------------------------------------------------------
    NS8L-07-59   13.50   14.40     0.90    203   0.120   0.01    0.78   0.45
    -------------------------------------------------------------------------
                 33.00   33.40     0.40    423   0.261   0.13    3.68   2.22
    -------------------------------------------------------------------------
    NS8L-07-60    7.70    8.40     0.70    179   0.161   0.15    0.25   0.03
    -------------------------------------------------------------------------
    NS8L-07-61    1.20    3.50     2.30    227   0.184   0.01    0.70  12.37
    -------------------------------------------------------------------------
                 15.90   18.10     2.20    132   1.193   0.01    0.82   0.28
    -------------------------------------------------------------------------


    Table 3 - 9th Level Underground Drill Results - Nuestra Senora Body

    -------------------------------------------------------------------------
    Hole No.      From     To    Length     Ag     Au    Cu      Pb     Zn
                  (m)     (m)      (m)    (g/t)  (g/t)    %       %      %
    -------------------------------------------------------------------------
    NS9L-07-87   92.70   93.00     0.30     94   0.334   1.57    5.55  16.50
    -------------------------------------------------------------------------
                116.30  117.80     1.50    151   0.383   0.46    0.34   0.13
    -------------------------------------------------------------------------
                125.70  128.70     3.00    116   0.152   0.31    0.66   0.22
    -------------------------------------------------------------------------
                135.80  142.10     6.30    288   0.213   1.57    4.95   8.66
    -------------------------------------------------------------------------
    NS9L-07-93    0.00    1.00     1.00    132   0.072   0.02    0.88   0.62
    -------------------------------------------------------------------------


    Table 4 - 11th Level Underground Drill Results - Nuestra Senora Body

    -------------------------------------------------------------------------
    Hole No.      From     To    Length     Ag     Au    Cu      Pb     Zn
                  (m)     (m)      (m)    (g/t)  (g/t)    %       %      %
    -------------------------------------------------------------------------
    NSUG-07-176  17.40   19.20     1.80  1,105   1.470   3.50    2.68   4.35
    -------------------------------------------------------------------------
                 24.20   24.65     0.45  1,757   0.572   3.35    3.39  16.43
    -------------------------------------------------------------------------
                 36.20   37.80     1.60    128   0.150   0.14    0.25   0.63
    -------------------------------------------------------------------------
                 44.50   48.70     4.20    308   0.225   0.33    0.47  15.36
    -------------------------------------------------------------------------
                 55.70   61.60     5.90    157   0.060   0.54    2.62   5.05
    -------------------------------------------------------------------------
                 81.30   84.10     2.80     92   0.059   0.17    0.10   1.57
    -------------------------------------------------------------------------
                145.10  145.60     0.50    129   0.100   0.85    0.43   4.98
    -------------------------------------------------------------------------
                181.70  186.80     5.10    290   0.252   0.70    1.07   0.83
    -------------------------------------------------------------------------
                196.80  200.90     4.10    331   0.073   1.95    1.36   1.51
    -------------------------------------------------------------------------
    NSUG-07-177  14.90   18.20     3.30    435   0.249   1.07    0.71   2.54
    -------------------------------------------------------------------------
                 25.00   25.40     0.40    321   0.291   0.19    0.54   2.14
    -------------------------------------------------------------------------
                 41.90   46.20     4.30    167   0.121   0.17    0.25   5.09
    -------------------------------------------------------------------------
                 73.20   74.00     0.80     95   0.128   0.30    0.07   0.12
    -------------------------------------------------------------------------
                 90.00   92.30     2.30    259   0.253   0.19    0.28   0.04
    -------------------------------------------------------------------------
                132.00  133.50     1.50    136   0.058   0.06    0.25   0.15
    -------------------------------------------------------------------------
                159.30  159.50     0.20    125   0.091   0.29    0.37   6.65
    -------------------------------------------------------------------------
                183.00  203.70    20.70    253   0.204   0.83    1.17   2.42
    -------------------------------------------------------------------------
                207.80  213.30     5.50    249   0.074   0.26    2.48   3.21
    -------------------------------------------------------------------------
                217.30  225.00     7.70    221   0.259   1.55    3.35   5.94
    -------------------------------------------------------------------------
    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
    -------------------------------------------------------------------------
                 49.50   51.00     1.50    252   0.130   0.04    0.32   1.88
    -------------------------------------------------------------------------
                133.70  135.00     1.30  2,620   0.579   9.22    8.63   3.87
    -------------------------------------------------------------------------
    

    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

    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, mine development and mill construction activities and
other 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.





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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