Americas Gold and Silver Corporation T.USA

news

[ticktalker]

Scorpio's Infill Drilling of the Hoag Zone Continues to Demonstrate Continuity and Width including 24.2 metres grading 127 g/t Ag, 6.18% Zn, 0.43% Cu, 5.75% Pb & 0.094 g/t Au 08:00 EDT Wednesday, April 04, 2007 TSX:SPM VANCOUVER, April 4 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is pleased to report additional results of infill definition stope drilling from the 9th and 10th levels on the Nuestra Senora Silver - Zinc Project's Hoag Zone. Peter J. Hawley, Chairman, CEO reports, "Infill drilling from the 9th and 10th levels continues to demonstrate the continuity and substantial width of the Hoag Zone, which supports the low cost bulk mining design proposed by our engineering personnel. The pre-feasibility study is progressing well and includes a comprehensive mine study of mineral resources, mining plan and extraction methods, metallurgy, mill design, smelter charges and net smelter return, capital expenditures and operating costs, and various sensitivity analysis of projected cash flow. The report is expected to be released within the month." << Table 1 - Infill Drill Results - Hoag Zone ------------------------------------------------------------------------- Hole No. From To Length Ag Au Cu Pb Zn (m) (m) (m) (g/t) (g/t) % % % ------------------------------------------------------------------------- NS10L-07-12 0.00 13.50 13.50 54.00 0.028 0.07 1.12 0.98 ------------------------------------------------------------------------- NS10L-07-13 8.40 33.90 25.50 54.00 0.041 0.11 1.32 1.44 ------------------------------------------------------------------------- NS10L-07-14 10.60 21.10 10.50 38.00 0.036 0.27 1.36 1.48 ------------------------------------------------------------------------- 26.20 40.40 14.20 143.00 0.055 0.18 2.46 1.25 ------------------------------------------------------------------------- NS9L-07-08 1.80 26.70 24.90 74.00 0.039 0.21 3.22 2.76 ------------------------------------------------------------------------- NS9L-07-09 2.20 3.30 1.10 41.00 0.063 0.16 2.64 3.70 ------------------------------------------------------------------------- 7.40 31.60 24.20 127.00 0.094 0.43 5.75 6.18 ------------------------------------------------------------------------- NS9L-07-10 3.40 27.50 24.10 72.00 0.076 0.20 2.60 3.69 ------------------------------------------------------------------------- NS9L-07-11 4.80 20.60 15.80 82.00 0.119 0.24 2.03 0.95 ------------------------------------------------------------------------- 24.30 29.60 5.30 184.00 0.197 0.10 3.38 1.81 ------------------------------------------------------------------------- >> 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 Nuestra Senora project including new stope designs of the Hoag Zone 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 Senora 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 Senora 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 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 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, continued availability of capital and financing, and general economic, market or business conditions. For further information: Glenn Little, Jackson Little Holdings Ltd: [phone], 1-888-930-4375, Email: [e-mail]; Rich Kaiser, YES International: 1-800-631-8127, 001-757-306-6090 (outside North America), Email: [e-mail]