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Re: News Releases - Monday, June 09, 2008
Scorpio Mining Corporation Hosted its Mine / Mill Inauguration at
the Nuestra Senora Project, Sinaloa State, Mexico
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Vancouver, June 9, 2008 - Scorpio Mining Corporation (TSX: SPM) is
pleased to announce that on May 30th, 2008 the Company hosted its Mine
/ Mill Inauguration for the 100% owned Nuestra Senora project in
Mexico.
Peter J. Hawley, Chairman, CEO comments, "May 30th was a very special
day for the Scorpio team and we were honoured to have such
distinguished guests attending the ceremony. The ribbon cutting
ceremony was followed by a tour of the processing mill complex and
examination of the concentrate as it was produced. This new mine will
generate economic and social benefits for the local Cosala community,
which is also called Pueblo Magico (Magic Town) and designated a UNESCO
World Heritage Site, as well as the State of Sinaloa and the people of
M�xico."
The Inauguration was attended by over 650 people including Mexican
state and federal officials, Canadian Government officials and
representatives of various financial institutions from Europe,
Australia,
Argentina, Canada and USA, and was covered by all of the
Mexican national and state television and newspapers. The quality of
the mill facility workmanship and how modern the facility is were
common favourable comments especially given that the facility was built
in only eight months.
The cutting of the ribbon was celebrated by the Governor of the State
of Sinaloa, Lic. Alberto Aguilar Padilla; the Canadian Ambassador, His
Excellency Guillermo E. Rishchynski; the Minister of Mines for M�xico,
Lic. Roque Diaz de Leon and the Chairman and CEO of Scorpio, Peter J.
Hawley.
The Company continues on target to meet its mandate of reaching
commercial production in July of this year and will continue to
optimize the project to achieve maximum production and throughput.
Commissioning of the process mill continues with the facility currently
processing between 500 and 650 tonnes of ore per day and working
towards stabilization of throughput and concentrate grade in the
advancement to commercial production. At present, a total of 95,000
tonnes of ore is stockpiled at the mill site and being processed. In
addition, underground production crews are drilling the second
long-hole stope and opening a level for a future cut and fill stope
from a high-grade area. Remote control mucking of the first blasted
long-hole stope continues and the Company has completed an electrical
upgrade throughout the mine to improve power distribution for jumbo and
long-hole drilling,
Diamond drilling and ventilation.
President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified
Person for the Nuestra Senora project and has reviewed the contents of
this release.
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" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Forward-looking statements include,
but are not limited to, statements with respect to the timing of
development and production activities at the Nuestra Senora Project and
Scorpio Mining Corporation's commitment to, and plans for developing
the Nuestra Senora Project. Generally, these forward-looking statements
can be identified by the forward-looking terminology such as "plans",
"expects"' or "does not expect", "is expected", "budget", "scheduled",
"estimates", "projects", "intends", "anticipates", or "does not
anticipate", or "believes", or variations of such words and phrases or
statements that certain actions, events or results "may", "can",
"could", "would", "might", or "will be taken", "occur" or "be
achieved". Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Scorpio
Mining Corporation to be materially different from those expressed or
implied by such forward-looking statements, including but not limited
to: risks related to the exploration and potential development and
construction of the Nuestra Senora Project, risks related to
international operations, construction delays and cost overruns, the
actual results of current exploration, development and construction
activities, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, future prices of silver,
zinc, copper, lead and gold, as well as those factors discussed in the
sections relating to risk factors of our business filed in Scorpio
Mining Corporation's required securities filings on SEDAR, including
its Annual Information Form dated March 26, 2008. Although Scorpio
Mining Corporation has attempted to identify important factors that
could cause results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results to be materially different from those anticipated, described,
estimated, assessed or intended.
There can be no assurance that any forward-looking statements will
prove accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Scorpio Mining Corporation does not undertake to update any
forward-looking statements that are incorporated by reference herein,
except in accordance with applicable securities laws.
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Copyright (c) 2008 SCORPIO MINING CORPORATION (SPM) All rights
reserved. For more information visit our website at
http://www.scorpiomining.com/ or send mailto:scorpio@scorpiomining.com
Message sent on Fri Jun 6, 2008 at 1:26:36 PM Pacific Time
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