newsScorpio's Drilling of the North West Main ZoneIntersects 13,671 g/t Silver, 8.18% Zinc, 0.37% Copper, 25.69% Lead and4.75 g/t Gold over 0.6 metres within 18 metres grading 1,124 g/tSilver, 1.41% Zinc, 0.13% Copper, 2.20% Lead and 0.355 g/t Gold
08:00 EDT Monday, September 08, 2008
TSX:SPM
VANCOUVER, Sept. 8/CNW/ - Scorpio Mining Corporation (TSX:SPM) is excited to announceadditional underground drill results from the 9th Level targeting theNorth West Main Zone (NW Zone) at the 100% owned Nuestra Senoraproject, Sinaloa State,Mexico.
Peter J. Hawley, Chairman, CEO reports, "As our geological teamincreases its understanding of the controls of the various ore bodiesand their relationship to feeder zones, our success ratio of defininghigh-grade shoots has increased. The detailed drilling into the NW Zonehas now allowed enough data for immediate mine planning and supportingdevelopment to prepare for extraction later this fall. This high-gradematerial will be blended into the existing surface stockpile toincrease the grade of mill throughput, allowing for greater tonnages ofconcentrates to be produced. The Company is clearly excited with thelong-term potential of this area and work also continues on thedefinition of theJewel Box area in the down plunge sector from this zone."
These numerous high-grade drill intercepts are from the drill bay onthe 9th Level (180 metres vertically below surface) where all holeshave been drilled in multiple upper planes towards the 8th Level (30metres vertically above). In this area, theJewel Box zone (see March 25, 2008release and section on website under Nuestra Senora project) approachesthe NW Zone and is thought to have an influence on the width and gradesencountered. Present downward drilling from the 10th Level (30 metresvertically below the 9th Level) has confirmed the down plunge extensionof the body and drill intercepts and assays will be released shortlyonce all have been received and compiled.
In addition, the Santa Teresa zone iscontinuing to report grades and widths that not only are potentiallyamenable to mining but are expected, along with the NW zone, toincrease the estimated mineral reserves and resources within the totalmineral base. As such, the mine planning team has also begundevelopment on the 9th Level of theSanta 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 Teresazone is becoming one of our larger stoping areas, comparable with theHoag zone and the Main NW zone, which will both be mined by long-holemethods. The Main NW and Hoag zones are currently being drilled forblasting while theSanta Teresa zone isexpected to be ready for extraction later in 2008 to ensure continuedavailability of ore for extraction. Meanwhile, other narrowerhigh-grade stopes are being prepared for selective mining, which willbe integrated into the production schedule and enhance the dailythroughput grade.
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Table 1. 9th Level Underground Drill Results - NW Zone
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Hole No. From To Length Ag Au Cu Pb Zn
(m) (m) (m) (g/t) (g/t) % % %
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NS9L-08-146 27.20 32.60 5.40 272 0.25 0.15 1.65 4.72
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34.80 36.40 1.60 308 0.30 0.04 2.97 0.68
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42.70 43.60 0.90 295 0.05 0.01 0.97 0.64
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46.50 47.65 1.15 149 0.17 0.25 0.22 0.18
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52.75 53.15 0.40 204 0.21 1.44 5.05 10.05
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55.45 58.85 3.40 114 0.12 0.42 3.55 5.68
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62.75 71.00 8.25 129 0.13 1.39 2.74 4.16
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NS9L-08-173 36.20 38.65 2.45 234 0.87 0.27 1.78 3.44
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41.55 42.40 0.85 167 0.38 0.20 2.88 6.58
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44.40 45.40 1.00 220 0.14 0.01 1.10 0.14
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47.40 48.00 0.60 132 0.14 0.01 0.65 1.29
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101.70 108.00 6.30 721 0.25 2.59 18.60 21.92
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including 101.70 102.55 0.85 1,310 0.29 2.96 27.50 32.17
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including 103.25 104.10 0.85 673 0.17 6.68 21.00 33.63
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including 104.10 104.70 0.60 742 0.29 2.28 16.00 19.75
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including 104.70 105.75 1.05 486 0.22 2.37 12.00 13.00
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including 105.75 106.90 1.15 935 0.15 2.95 26.20 26.00
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including 106.90 108.00 1.10 748 0.52 3.10 21.20 24.20
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NS9L-08-174 25.75 28.60 2.85 771 0.31 0.01 2.47 2.24
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53.45 54.40 0.95 197 0.06 0.01 0.50 0.04
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NS9L-08-175 17.20 19.70 2.50 289 0.16 0.02 1.41 6.37
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29.40 47.40 18.00 1,124 0.36 0.13 2.20 1.41
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including 29.40 30.00 0.60 133 0.31 0.02 0.95 3.34
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including 32.40 33.00 0.60 13,671 4.75 0.37 25.69 8.18
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including 33.00 34.10 1.10 6,980 0.99 0.07 6.66 0.29
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including 34.10 35.60 1.50 100 0.17 0.01 0.18 0.10
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including 40.00 41.00 1.00 1,529 0.23 1.03 5.60 3.88
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including 41.00 42.00 1.00 245 0.15 0.01 1.01 1.27
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including 43.00 43.60 0.60 3,670 0.38 2.73 13.25 8.23
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including 45.80 47.40 1.60 733 0.49 0.18 2.85 2.93
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NS9L-08-176 12.80 14.30 1.50 217 0.17 0.07 2.10 4.60
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24.70 25.90 1.20 113 0.13 0.01 0.83 4.77
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39.40 41.00 1.60 442 0.48 0.55 5.94 3.57
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NS9L-08-177 18.30 19.50 1.20 137 0.24 0.09 0.94 2.64
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35.50 37.60 3.10 120 0.11 0.01 0.67 3.21
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NS9L-08-179 18.20 21.00 2.80 110 0.14 0.01 0.76 7.48
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24.00 34.50 10.50 90 0.26 0.01 0.68 5.06
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NS9L-08-180 15.20 28.50 13.30 144 0.15 0.04 0.96 3.74
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31.50 34.20 2.70 112 0.26 0.03 0.78 4.45
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NS9L-08-182 14.60 17.00 2.40 754 0.32 0.01 4.04 0.70
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NS9L-08-183 18.70 22.50 3.80 150 0.15 0.01 0.95 1.84
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25.50 30.00 4.50 98 0.11 0.00 0.53 2.27
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33.00 33.55 0.55 396 0.20 0.00 2.24 0.72
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NS9L-08-184 19.50 21.00 1.50 443 0.25 0.02 2.58 0.98
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24.00 25.15 1.15 1,395 1.18 0.04 3.91 4.09
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NS9L-08-185 26.70 31.60 4.90 433 0.59 0.10 3.63 1.89
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34.60 36.00 1.40 115 0.19 0.07 1.44 4.27
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46.60 48.00 1.40 118 0.08 0.11 1.51 6.90
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67.50 70.40 2.90 92 0.10 0.06 2.52 4.11
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NS9L-08-186 22.50 27.00 4.50 168 0.22 0.01 0.96 5.37
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33.00 38.40 5.40 87 0.09 0.02 0.51 2.92
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NS9L-08-187 14.90 18.00 3.10 606 0.14 0.05 3.73 2.65
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36.90 37.80 0.90 100 0.08 0.00 0.66 2.93
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40.70 42.00 1.30 182 0.19 0.00 1.06 8.47
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NS9L-08-188 19.50 24.00 4.50 423 0.17 0.01 2.57 2.66
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36.10 37.65 1.55 165 0.20 0.01 1.12 1.23
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NS9L-08-189 22.90 30.00 7.10 78 0.11 0.03 0.46 6.44
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39.00 52.50 13.50 95 0.10 0.03 0.66 4.17
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NS9L-08-192 17.50 21.10 3.60 103 0.10 0.04 0.71 5.45
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24.00 31.50 7.50 83 0.12 0.02 0.48 5.35
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NS9L-08-193 16.50 18.90 2.40 103 0.22 0.02 0.77 7.53
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27.00 34.50 7.50 134 0.16 0.01 0.77 3.89
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37.50 43.00 5.50 197 0.20 0.02 1.24 5.07
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NS9L-08-194 30.00 31.50 1.50 191 0.19 0.00 1.07 0.73
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The drill hole traces from the 9th Level plus the intercepts intothe mineralized solid can be viewed on the Company's website under theNuestra Senora project heading.
Drill hole data in the tables reflects down hole core lengths andactual (uncut) grades. True widths cannot be reliably estimated at thistime. Further information on the Company and the Nuestra Senora projectis 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. Scammellis responsible for the current exploration and development program andhas reviewed the content of this release. All technical information forthe Nuestra Senora property is obtained and reported under a formalquality assurance and quality control (QA/QC) program. Samples areshipped 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, Vancouverfor assaying. Systematic assaying of standards and blanks are performedfor the precision and accuracy; check assays are regularly conducted bySGS Lakefield Research. Details of the QA/QC program are available onthe Company's website.
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ON BEHALF OF SCORPIO MINING CORPORATION
Peter J. Hawley
Chairman & CEO
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This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of the United StatesPrivate Securities Litigation Reform Act of 1995 and applicableCanadian securities legislation. Forward-looking statements include,but are not limited to, statements with respect to the estimation ofmineral reserves and mineral resources, the results of drilling, thetiming and methods of future extraction of mineralization for millingand Scorpio Mining Corporation's commitment to, and plans fordeveloping the Nuestra Senora Project. Generally, these forward-lookingstatements 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 andphrases or state that certain actions, events or results "may", "can","could", "would", "might", or "will" be taken", "occur" or "beachieved". Forward-looking statements are subject to known and unknownrisks, uncertainties and other factors that may cause the actualresults, level of activity, performance or achievements of ScorpioMining Corporation to be materially different from those expressed orimplied by such forward-looking statements, including but not limitedto: risks related to the exploration and potential development andconstruction of the Nuestra Senora Project, risks related tointernational operations, construction delays and cost overruns, theactual results of current exploration, development and constructionactivities, conclusions of economic evaluations, changes in projectparameters as plans continue to be refined, future prices of silver,zinc, copper, lead and gold, as well as those factors discussed in thesections relating to risk factors of our business filed in ScorpioMining Corporation's required securities filings on SEDAR, includingits Annual Information Form datedMarch 26, 2008. Although Scorpio Mining Corporation has attempted to identifyimportant factors that could cause results to differ materially fromthose contained in forward-looking statements, there may be otherfactors that cause results to be materially different from thoseanticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements willprove accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statements.Scorpio Mining Corporation doses not undertake to update anyforward-looking statements that are incorporated by reference herein,except in accordance with applicable securities laws.
For further information: Glenn Little, Jackson Little Holdings Ltd:(604) 930-4375, 1-888-930-4375, Email: jlconsulting@telus.net; RichKaiser, YES International: 1-800-631-8127, 001-757-306-6090 (outsideNorth America), Email: yes@yesinternational.com