| | Publié le 07 juillet 2008 | Drilling of Santa Teresa Zone reports 1.60 metres grading 1,640 g/t Silver, 9.73% Zinc, 0.74% Copper |
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Re: News Releases - Monday, July 07, 2008 Title: Scorpio's Drilling of Santa Teresa Zone reports 1.60 metres grading 1,640 g/t Silver, 9.73% Zinc, 0.74% Copper, 3.54% Lead and 0.351 g/t Gold and 324 g/t Silver, 4.00% Zinc, 1.25% Copper, 5.47% Lead and 0.12 g/t Gold over 12 metres at Nuestra Senora
Vancouver, July 7, 2008 - Scorpio Mining Corporation (TSX:SPM) is pleased to announce additional underground drill results from the 6th, 8th and 9th Levels of the Santa Teresa Zone, which includes a wide 12.0-metre zone of mineralization, at the 100% owned Nuestra Senora project, Sinaloa State, Mexico.
Peter J. Hawley, Chairman, CEO reports, "The Santa Teresa zone is continuing to report grades and widths that not only are amenable to mining but are expected to increase the estimated mineral reserves and resources within the total mineral base. As such, the mine planning team has begun development on the 9th level of the Santa Teresa zone for extraction later this year. It is anticipated that the Company will use mechanized room-and-pillar mining methods accessed via internal ramps. The Santa Teresa is becoming one of our larger stoping areas, comparable with the Hoag Zone and the Main NW Zone, which will both be mined by long-hole methods. The Main NW and Hoag Zones are currently being drilled for blasting while the Santa Teresa is expected to be ready for extraction later in 2008 to ensure continued availability of ore for processing. Meanwhile, other narrower high-grade stopes are being prepared for selective mining, which will be integrated into the production schedule and enhance the daily throughput grade."
The reported underground drill holes were collared from approximately 90 to 160 metres below surface and were drilled as part of an ongoing program to define the extent and shape of the mineralization, upgrade reserve/resource categories and for mine planning. Listed below (Tables 1, 2, 3) are assay results received to date for the Santa Teresa Zone.
Table 1. 6th Level Underground Drill Results - Santa Teresa Zone
Hole # |
From
(m) |
To
(m) |
Length
(m) |
Ag
(g/t) |
Au
(g/t) |
Cu
% |
Pb
% |
Zn
% |
NS6L-08-35 |
85.20 |
86.40 |
1.20 |
100 |
0.035 |
0.37 |
1.70 |
1.24 |
NS6L-08-39 |
55.50 |
59.20 |
3.70 |
163 |
0.023 |
0.13 |
1.18 |
1.61 |
|
83.20 |
89.90 |
6.70 |
230 |
0.066 |
0.40 |
1.78 |
1.54 |
NS6L-08-44 |
74.70 |
81.00 |
6.30 |
115 |
0.069 |
0.78 |
1.82 |
2.60 |
Table 2. 8th Level Underground Drill Results - Santa Teresa Zone
Hole # |
From
(m) |
To
(m) |
Length
(m) |
Ag
(g/t) |
Au
(g/t) |
Cu
% |
Pb
% |
Zn
% |
NS8L-08-82 |
123.90 |
131.70 |
7.80 |
161 |
0.131 |
1.50 |
3.37 |
3.63 |
Table 3. 9th Level Underground Drill Results - Santa Teresa Zone
Hole # |
From
(m) |
To
(m) |
Length
(m) |
Ag
(g/t) |
Au
(g/t) |
Cu
% |
Pb
% |
Zn
% |
NS9L-07-107 |
24.00 |
28.50 |
4.50 |
100 |
0.034 |
0.29 |
2.89 |
2.07 |
NS9L-08-114 |
0.00 |
3.20 |
3.20 |
95 |
0.034 |
0.18 |
2.51 |
2.93 |
NS9L-08-116 |
10.50 |
12.70 |
2.20 |
79 |
0.036 |
0.56 |
2.69 |
3.78 |
|
18.85 |
24.60 |
5.75 |
68 |
0.035 |
0.17 |
2.35 |
3.21 |
NS9L-08-117 |
16.40 |
28.40 |
12.00 |
324 |
0.120 |
1.25 |
5.47 |
4.00 |
NS9L-08-155 |
14.20 |
15.80 |
1.60 |
1,640 |
0.351 |
0.74 |
3.54 |
9.73 |
NS9L-08-157 |
6.10 |
8.50 |
2.40 |
257 |
0.076 |
0.32 |
0.54 |
8.86 |
|
12.20 |
16.20 |
4.00 |
528 |
0.108 |
0.18 |
1.21 |
7.04 |
|
22.00 |
22.80 |
0.80 |
239 |
0.066 |
0.31 |
0.25 |
0.02 |
NS9L-08-158 |
7.30 |
7.90 |
0.60 |
275 |
0.063 |
0.37 |
0.87 |
7.91 |
|
12.40 |
13.55 |
1.15 |
181 |
0.278 |
1.33 |
0.37 |
1.08 |
Drill hole data in the tables 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" 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 estimation of mineral reserves and mineral resources, the results of drilling 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 state 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.
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 Sat Jul 5, 2008 at 4:51:33 PM Pacific Time
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Scorpio Mining Corporation
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PRODUCTEUR |
CODE : SPM.TO |
ISIN : CA80917V1058 |
CUSIP : 80917V |
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Scorpio Mining est une société développant des projet miniers d'argent et de zinc basée au Canada. Scorpio Mining est productrice d'argent, de zinc, de cuivre, d'or et de plomb au Mexique, et détient divers projets d'exploration au Mexique. Son principal projet en production est NUESTRA SENORA au Mexique et ses principaux projets en exploration sont SAN RAFAEL - MAIN & UPPER ZONE, SAN RAFAEL - 120 ZONE, EL CAJON DEPOSIT, LA VERDE SINALOA, COSALA DISTRICT et LA REVANCHA au Mexique. Scorpio Mining est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 27,8 millions CA$ (20,0 millions US$, 17,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 16 avril 2004 à 4,00 CA$, et son plus bas niveau récent le 05 février 2016 à 0,06 CA$. Scorpio Mining possède 347 230 016 actions en circulation. |
Rapports annuels de Scorpio Mining Corporation |
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Nominations de Scorpio Mining Corporation |
Rapports Financiers de Scorpio Mining Corporation |
Projets de Scorpio Mining Corporation |
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06/09/2008 | (Nuestra Senora)?s Drilling of the North West Main Zone Intersects 13,671 g/... |
03/09/2008 | (Nuestra Senora)Provides Operations Update on Nuestra Senora Project, Mexico |
03/07/2008 | (Nuestra Senora)Drilling on 9th Level of the Main Zone Reports 5.80 metres g... |
16/06/2008 | (Nuestra Senora)Mexican Subsidiary Enters Into Agency Agreement for Marketin... |
13/05/2008 | (Nuestra Senora)Receives New Resource Estimate |
05/05/2008 | (Nuestra Senora)Drilling of the Main Zone from the 8th Level of the Nuestra ... |
24/04/2008 | (Nuestra Senora) Commences Production Mining at the Nuestra Senora Project, ... |
11/04/2008 | (Nuestra Senora)Discovers Another New Zone Reporting 11.50 metres grading 16... |
31/03/2008 | (Nuestra Senora)Receives Mill Facility Construction Completion Certificate A... |
18/03/2008 | (Nuestra Senora)Santa Teresa Extension Continues to Produce High-Grade Resul... |
12/03/2008 | (Nuestra Senora)Nuestra Senora Main Zone Increases In Size With Underground ... |
28/02/2008 | (Nuestra Senora)Santa Teresa Deposit Continues to Deliver with Underground D... |
26/02/2008 | (Nuestra Senora) Reports on Mineralized Stockpile for Initial Mill Throughpu... |
14/02/2008 | (Nuestra Senora) Provides Nuestra Senora Project Update, Sinaloa State, Mexi... |
16/01/2008 | (Nuestra Senora)Underground Drilling of Santa Teresa Deposit Reports 32.8 me... |
02/11/2007 | (Nuestra Senora)Deep Drilling of Nuestra Senora Deposit From 11th level Hits... |
02/10/2007 | Reports High-Grade Intercept of 1,158 g/t Ag, 29.95% Zn, 4.2... |
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19/09/2007 | (Nuestra Senora)Underground Drilling of Nuestra Señora Deposit Hits 21 metr... |
30/08/2007 | (Nuestra Senora)Mexico Team Fully Staffed and Ready for Production |
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13/06/2007 | (Nuestra Senora)Receives Positive Results from the Pre-Feasibility Study on ... |
08/06/2007 | (Nuestra Senora)2007 Technical report |
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26/03/2007 | (Nuestra Senora)Drilling of Nuestra Senora Zone Hits 11 Mineralized Intercep... |
19/03/2007 | (Nuestra Senora)Drilling of Nuestra Senora Zone Hits 8 Mineralized Intercept... |
21/02/2007 | (Nuestra Senora)Receives Metallurgical Test Work and Moves Forward |
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