| | Publié le 18 mars 2008 | Santa Teresa Extension Continues to Produce High-Grade Results with 3.10 metres Grading 1,496 g/t Ag |
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Re: News Releases - Tuesday, March 18, 2008
Title: Santa Teresa Extension Continues to Produce High-Grade Results with 3.10 metres Grading 1,496 g/t Ag, 36.62% Zn, 2.88% Cu and 4.30% Pb within 13.8 metres of 385 g/t Ag, 9.50% Zn, 0.75%Cu and 2.09% Pb
Vancouver, March 18, 2008 - Scorpio Mining Corporation (TSX:SPM) is pleased to report additional underground drill results from the Santa Teresa Extension Zone at its 100% owned Nuestra Senora project, Sinaloa State, Mexico.
Peter J. Hawley, Chairman, CEO comments, "Due to its proximity to current underground development, good widths, and higher grades, the Santa Teresa Extension Zone has quickly moved up our medium-term mine planning schedule, as it could have a significant impact on providing higher-grade feed to the mill facility. The zone appears to be strongly enriched in mineralization proximal to the Sept 9 Zone, which is now interpreted as a possible mineralized feeder conduit for the Hoag, Santa Teresa and Nuestra Senora mineralized zones."
Table 1. 9th Level Underground Drill Results - Santa Teresa Extension
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS9L-07-106 |
16.05 |
29.85 |
13.80 |
385 |
0.05 |
0.75 |
2.09 |
9.50 |
Including |
16.05 |
19.20 |
3.15 |
1496 |
0.15 |
2.88 |
4.30 |
36.62 |
Including |
26.20 |
29.85 |
3.65 |
137 |
0.04 |
0.24 |
4.03 |
3.52 |
The Santa Teresa Extension Zone is parallel to and southeast of the Hoag Zone where most of the initial underground mining is expected to occur in 2008 and 2009. As shown on the Level 9 plan map (www.scorpiomining.com/s/NuestraSenora.asp), the Santa Teresa Extension and Hoag zones are linked by the Sept 9 Zone, where recent underground development on the 9th and 10th Levels has delineated impressive sulphide mineralization within the structure. The Sept 9 Zone appears to dip moderately towards the west and strikes approximately north-northwest. Given its trend, the Sept 9 Zone should intersect the east dipping Main Nuestra Senora Zone at depth. The hypothesis is that such an intersection could have resulted in a large dilation zone and potentially allowed for wide spread emplacement of mineralization.
Consistent with previously announced drill hole results (Tables 2 and 3), the Santa Teresa Extension continues to show good widths in most of the holes. The geometry of the currently defined lens suggests that it will be amenable to low-cost, long-hole mining. The Santa Teresa Extension Zone remains open up and down dip along the rake of the mineralization.
Table 2. Recently Announced Results from Levels 9 and 10 - Santa Teresa Extension
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NS9L-07-101 |
35.60 |
37.00 |
1.40 |
43 |
0.01 |
0.13 |
0.50 |
2.95 |
NS9L-07-102 |
19.50 |
55.00 |
35.50 |
88 |
0.02 |
0.20 |
2.24 |
2.12 |
Including |
19.50 |
32.20 |
12.70 |
108 |
0.02 |
0.18 |
2.45 |
2.03 |
Including |
38.50 |
41.80 |
3.30 |
217 |
0.03 |
0.98 |
5.59 |
5.15 |
Including |
44.60 |
55.00 |
10.40 |
90 |
0.03 |
0.12 |
2.57 |
2.77 |
NS9L-07-103 |
40.20 |
61.40 |
21.20 |
132 |
0.03 |
0.60 |
1.54 |
2.99 |
Including |
36.40 |
37.50 |
1.10 |
142 |
0.03 |
0.80 |
1.43 |
2.09 |
Including |
40.20 |
43.10 |
2.90 |
585 |
0.09 |
1.69 |
6.40 |
11.90 |
Including |
47.60 |
50.90 |
3.30 |
91 |
0.02 |
0.51 |
0.63 |
1.60 |
Including |
56.90 |
61.40 |
4.50 |
123 |
0.02 |
0.97 |
1.66 |
3.91 |
NS9L-07-104 |
2.30 |
8.40 |
6.10 |
118 |
0.02 |
0.90 |
5.47 |
5.05 |
NS9L-07-105 |
16.00 |
20.85 |
4.85 |
40 |
0.02 |
0.06 |
1.30 |
3.77 |
NS9L-07-107 |
24.00 |
28.50 |
4.50 |
100 |
0.03 |
0.29 |
2.89 |
2.07 |
NS9L-07-108 |
18.60 |
47.30 |
28.70 |
121 |
0.03 |
0.45 |
2.97 |
3.57 |
NS9L-07-109 |
0.00 |
9.20 |
9.20 |
223 |
0.02 |
0.82 |
4.75 |
5.77 |
NS9L-07-86 |
35.00 |
48.00 |
13.00 |
186 |
0.02 |
0.18 |
2.16 |
9.65 |
NS9L-07-96 |
28.40 |
57.60 |
29.20 |
355 |
0.09 |
0.34 |
1.62 |
5.97 |
NS9L-07-97 |
17.10 |
27.20 |
10.10 |
269 |
0.09 |
0.46 |
7.26 |
7.04 |
NS10L-07-134 |
13.50 |
29.80 |
16.30 |
106 |
0.03 |
0.21 |
0.28 |
3.76 |
NS10L-07-139 |
27.60 |
35.30 |
7.70 |
247 |
0.03 |
0.31 |
4.57 |
2.20 |
NS10L-07-140 |
14.10 |
20.50 |
6.40 |
137 |
0.02 |
0.42 |
1.57 |
2.86 |
Including |
14.10 |
15.30 |
1.20 |
71 |
0.01 |
0.04 |
1.24 |
1.29 |
Including |
17.80 |
20.50 |
2.70 |
287 |
0.04 |
0.93 |
3.08 |
6.01 |
NS10L-07-149 |
29.90 |
37.40 |
7.50 |
54 |
0.01 |
0.08 |
1.57 |
1.46 |
Including |
29.90 |
32.60 |
2.70 |
65 |
0.01 |
0.08 |
2.14 |
2.60 |
Including |
35.50 |
37.40 |
1.90 |
80 |
0.02 |
0.13 |
2.26 |
1.28 |
Table 3. Other Previous Underground Results - Santa Teresa Extension
Hole #
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
NSUG-06-112 |
94.48 |
94.90 |
0.42 |
257 |
0.06 |
0.17 |
4.71 |
16.15 |
NSUG-06-119 |
76.80 |
96.30 |
19.50 |
51 |
0.01 |
0.23 |
0.98 |
2.73 |
Including |
76.80 |
78.30 |
1.50 |
171 |
0.03 |
0.28 |
7.54 |
15.45 |
Including |
87.50 |
96.30 |
8.80 |
82 |
0.02 |
0.46 |
0.87 |
3.37 |
NSUG-06-120 |
88.00 |
89.80 |
1.80 |
337 |
0.03 |
0.77 |
13.45 |
7.68 |
NSUG-06-121 |
83.50 |
84.90 |
1.40 |
134 |
0.02 |
1.00 |
3.85 |
4.33 |
NSUG-06-122 |
76.50 |
84.80 |
8.30 |
92 |
0.03 |
0.13 |
2.95 |
1.91 |
NSUG-06-123 |
116.30 |
119.50 |
3.20 |
74 |
0.03 |
0.27 |
1.12 |
1.31 |
NSUG-07-154 |
58.10 |
64.10 |
6.00 |
75 |
0.01 |
0.18 |
2.70 |
3.21 |
NSUG-07-172 |
76.40 |
78.80 |
2.40 |
80 |
0.03 |
0.02 |
1.95 |
4.72 |
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 17, 2008 at 1:09:45 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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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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. |
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