| | Published : March 25th, 2008 | Defines the "Jewel Box" Trend within the Northwest Sector of the Nuestra Senora Zone with Un |
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Re: News Releases - Tuesday, March 25, 2008
Title: Scorpio Defines the "Jewel Box" Trend within the Northwest Sector of the Nuestra Senora Zone with Underground Drilling Reporting 669 g/t Ag, 10.52% Zn, 3.01% Cu, 3.73% Pb over 4.6 m followed by 9.4 m grading 271 g/t Ag, 9.80% Zn, 2.90% Cu, 4.08% Pb
Vancouver, March 25, 2008 - Scorpio Mining Corporation (TSX:SPM) is pleased to report additional underground drill results targeting the Northwest zone of the Nuestra Senora deposit between the 10th and 12th levels of its 100% owned Nuestra Senora project, Sinaloa State, Mexico. The most recent intersection in Diamond drill hole NS8L-08-81 and others demonstrate that the high-grade "Jewel Box" zone is continuous over a vertical distance of 60 metres and is easily accessible from the main ramp which is now close to the 12th level.
Table 1. 8th Level Underground Drill Results - Nuestra Senora Northwest "Jewel Box" Zone
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS8L-08-81 |
25.50 |
25.80 |
0.30 |
3,550 |
1.10 |
0.01 |
9.46 |
0.03 |
|
33.70 |
34.30 |
0.60 |
300 |
0.233 |
0.00 |
0.73 |
0.06 |
|
38.70 |
39.50 |
0.80 |
569 |
0.300 |
0.01 |
0.56 |
0.03 |
|
51.50 |
57.00 |
5.50 |
110 |
0.089 |
0.42 |
3.23 |
3.96 |
|
68.30 |
72.90 |
4.60 |
669 |
0.349 |
2.01 |
8.73 |
10.52 |
|
82.80 |
92.20 |
9.40 |
271 |
0.613 |
2.90 |
4.08 |
9.80 |
A longitudinal section of the Northwest zone can be found on the company's website. (www.scorpiomining.com/s/NuestraSenora.asp). Development of this zone on the 9th level has primarily been in mineralization that is lower in silver and copper when compared to the rest of the Main zone. However, as the intersections highlighted on the section and listed below indicate there is a significant enrichment not only in silver and copper but also lead and zinc below the 10th level.
Peter J. Hawley, Chairman, CEO comments, "As previously released (March 18, 2008), the Santa Teresa Extension zone reported an interval of 3.10 metres grading 1,496 g/t Ag, 36.62% Zn, 2.88% Cu and 4.30% Pb within an intersection of 13.8 metres grading 385 g/t Ag, 9.50% Zn, 0.75% Cu and 2.09% Pb . This intersection of elevated values is located near the junction between the Santa Teresa and Sept 9 zones. The Sept 9 zone is a structurally controlled vein which is oriented perpendicular to the trend of the Hoag, Santa Teresa and Nuestra Senora mineralization and is being interpreted as a possible conduit that has allowed for secondary enrichment, particularly of silver and copper, within the existing zones. The Sept 9 zone clearly has an important relationship with the mineralizing system. The question remains as to what will happen if the Northwest and Sept 9 zones intersect. Current interpretation by the Scorpio geologists suggests that the intersection will occur below the 12th level and could result in a large dilation zone with elevated metal values."
Because of the outstanding intersections in NS8L-08-81, the Company is currently moving an air drill on Level 10 to better define this zone. Development on 10th level is in progress and on the 10.5 Level is scheduled to start within the next couple of months. The "Jewel Box" zone could provide the Company with high-grade stopes accessible from 10th and 11th levels within a relatively short time.
Table 2. 11th Level Underground Drill Results - Nuestra Senora Northwest "Jewel Box" Zone
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS11L-07-177* |
183.00 |
225.00 |
42.00 |
199 |
0.16 |
0.73 |
1.53 |
2.73 |
Including |
192.90 |
203.70 |
10.80 |
382 |
0.144 |
1.25 |
1.68 |
3.33 |
|
208.20 |
213.30 |
5.10 |
265 |
0.078 |
0.26 |
2.61 |
3.25 |
|
218.60 |
222.80 |
4.20 |
267 |
0.322 |
1.80 |
3.89 |
4.78 |
* Previously reported
Table 3. 10th Level Underground Drill Results - Nuestra Senora Northwest "Jewel Box" Zone
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS10L-07-100* |
68.20 |
82.50 |
14.30 |
379 |
0.240 |
1.67 |
5.54 |
7.96 |
Including |
68.20 |
69.50 |
1.30 |
762 |
0.272 |
3.96 |
7.24 |
14.15 |
|
73.60 |
81.30 |
7.70 |
511 |
0.352 |
2.14 |
8.44 |
11.59 |
* Previously reported
Table 4. 3rd Level Underground Drill Results - Nuestra Senora Northwest "Jewel Box" Zone
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NSUG-05-01* |
201.00 |
207.00 |
6.00 |
498 |
0.20 |
0.27 |
1.56 |
11.15 |
Including |
202 |
205 |
3.00 |
728 |
0.276 |
0.16 |
1.78 |
14.22 |
NSUG-05-08* |
207.80 |
211.90 |
4.10 |
670 |
0.29 |
1.43 |
1.98 |
4.35 |
Including |
207.80 |
209.75 |
1.95 |
1,213 |
0.49 |
2.11 |
3.54 |
5.28 |
NSUG-05-36* |
183.00 |
196.00 |
13.00 |
377 |
0.29 |
0.74 |
0.97 |
2.25 |
Including |
183.00 |
186.30 |
3.30 |
314 |
0.253 |
0.02 |
0.87 |
0.13 |
|
193.70 |
196.00 |
2.30 |
1,208 |
0.919 |
3.48 |
3.20 |
13.72 |
* Previously reported
Table 5. Surface Drill Results - Nuestra Senora Northwest "Jewel Box" Zone
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NSS-04-12* |
205.00 |
210.00 |
5.00 |
245 |
0.33 |
0.50 |
2.31 |
2.92 |
Including |
207.20 |
209.00 |
1.80 |
451 |
0.754 |
0.93 |
5.22 |
4.92 |
NSS-05-29* |
234.60 |
246.10 |
11.50 |
252 |
0.26 |
1.43 |
1.83 |
4.78 |
Including |
234.60 |
237.30 |
2.70 |
637 |
0.846 |
3.86 |
5.91 |
13.89 |
NSS-05-30* |
226.80 |
241.60 |
14.80 |
325 |
0.21 |
1.11 |
0.85 |
1.74 |
Including |
227.80 |
232.50 |
4.70 |
726 |
0.428 |
2.87 |
2.02 |
4.57 |
|
239.40 |
241.60 |
2.20 |
357 |
0.191 |
0.40 |
0.81 |
0.62 |
* Previously reported
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 Señora 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 Señora 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 Señora 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
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 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.
Copyright © 2008 SCORPIO MINING CORPORATION (SPM) All rights reserved. For more information visit our website at
http://www.scorpiomining.com/
or send email to
scorpio@scorpiomining.com
..
Message sent on Mon Mar 24, 2008 at 5:06:53 PM Pacific Time
Data and Statistics for these countries : Mexico | All Gold and Silver Prices for these countries : Mexico | All
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Scorpio Mining Corporation
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PRODUCER |
CODE : SPM.TO |
ISIN : CA80917V1058 |
CUSIP : 80917V |
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Scorpio Mining is a silver and zinc development stage company based in Canada. Scorpio Mining produces silver, zinc, copper, gold and lead in Mexico, and holds various exploration projects in Mexico. Its main asset in production is NUESTRA SENORA in Mexico and its main exploration properties are SAN RAFAEL - 120 ZONE, EL CAJON DEPOSIT, SAN RAFAEL - MAIN & UPPER ZONE, LA VERDE SINALOA, COSALA DISTRICT and LA REVANCHA in Mexico. Scorpio Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 27.8 millions as of today (US$ 20.0 millions, € 17.9 millions). Its stock quote reached its highest recent level on April 16, 2004 at CA$ 4.00, and its lowest recent point on February 05, 2016 at CA$ 0.06. Scorpio Mining has 347 230 016 shares outstanding. |
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