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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
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Vancouver, November 2, 2007 - 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 # From To Length Ag Au Cu Pb Zn
(m) (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 # From To Length Ag Au Cu Pb Zn
(m) (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 # From To Length Ag Au Cu Pb Zn
(m) (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 # From To Length Ag Au Cu Pb Zn
(m) (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 Se�ora 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 Se�ora 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
Se�ora 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, 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.
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Copyright (c) 2007 SCORPIO MINING CORPORATION (SPM) All rights
reserved. For more information visit our website at
http://www.scorpiomining.com/ or send mailto:scorpio@scorpiomining.com
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