Mr. Peter Hawley reports
SCORPIO MINING INTERCEPTS 1.64 METERS OF 3.23 G/T GOLD, 2,510 G/T SILVER, 10.25% COPPER AND 15.7 METERS OF 0.57 G/T GOLD, 439 G/T SILVER AND 1.87% COPPER WITHIN THE NEW EMMA TREND AT EL CAJON PROJECT, MEXICO
Scorpio Mining Corp. has released additional
results from drilling along a new trend at its 100-per-cent-owned El Cajon
deposit near Cosala, Sinaloa, Mexico. El Cajon is located approximately
13.5 kilometres by road from the 1,500-tonne-per-day Nuestra Senora
processing plant. The deposit has been the subject of exploration since 2005 and
plans are under way to shorten the road distance from Scorpio's Nuestra
Senora processing plant by approximately five kilometres with a new access
route.
The company, through its wholly owned subsidiary Minera Cosala S.A. de
C.V., has drilled a total of 4,783.8 metres at El Cajon. Approximately
2,385 metres were drilled in nine infill holes (holes EC92 to EC100)
within the known El Cajon deposit with the intent of raising the
confidence level and expanding the previously reported National Instrument 43-101
resource estimate prepared by Mine Development Associates in
2009. The remaining 2,398.8 metres in 14 holes (holes EC101 to EC114)
were targeted to intersect the newly identified trend to the north and
east of the previously drilled El Cajon mineralization called La Emma.
All of the infill holes and the most recent nine holes from La Emma
(EC101 to EC109) are reported here. Drilling continues to follow the La
Emma trend along strike. Select holes may be re-entered to determine
if deeper lenses of mineralization related to the steeply dipping
structure can be found.
This news release contains a table of significant intercepts up to and including hole
EC109. Intercepts are considered significant if
they include more than one metre of mineralized material with at least
70 grams per tonne silver. Gaps in the series of holes represent holes
that returned no significant values. The remaining holes in the La Emma
trend (EC110 to EC114) will be reported when available.
RECENT DRILL RESULTS FROM EL CAJON
True Au Ag Cu Pb Zn
Drill hole From (m) To (m) Width (m) width (m) g/t g/t % % %
EC093 190 194.3 4.3 3.29 0.34 108 0.486 0.032 0.133
EC093 200 204.5 4.5 4.23 0.259 132 0.458 0.013 0.07
EC095 103.85 117.1 13.25 13.05 0.083 74 0.301 0.001 0.052
EC096** 103 118 15 14.49 0.217 82 0.335 0.015 0.057
Including 112 113.5 1.5 1.45 0.279 295 0.727 0.036 0.084
EC096** 129.6 141 11.4 8.06 0.338 116 0.541 0.007 0.107
Including 133.5 137.7 4.2 2.97 0.614 231 0.966 0.003 0.168
EC096** 209.5 217 7.5 7.24 0.11 94 0.388 0.015 0.061
Including 214 215.5 1.5 1.45 0.189 247 0.914 0.03 0.067
EC097* 214.6 228 13.4 13.2 0.481 450 1.102 0.014 0.133
Including 216 220.5 4.5 4.43 0.891 884 2.075 0.024 0.258
EC099 34 39 5 4.33 0.036 117 0.183 0.005 0.117
Including 34 36 2 1.73 0.058 226 0.198 0.002 0.047
EC099 164 167 3 2.6 0.118 105 0.342 0.009 0.061
Including 164 165.5 1.5 1.3 0.194 165 0.499 0.014 0.082
EC100 193.5 196.5 3 2.82 0.629 86 0.133 0.114 0.127
EC101 31.5 35.75 4.25 4.19 0.076 104 0.208 0.015 0.036
EC101 41.6 43.5 1.9 1.87 0.208 283 0.91 0.055 0.1
EC102 7.4 10 2.6 2.6 0.103 138 0.317 0.025 0.067
EC102 17.5 35.4 17.9 17.29 0.186 224 0.799 0.017 0.049
Including 20 22.5 2.5 2.41 0.133 327 2.05 0.083 0.033
Including 25 35.4 10.4 10.05 0.27 274 0.749 0.006 0.07
EC103 122 124 2 1.97 0.134 185 0.504 0.392 0.146
EC103 134.3 148.45 14.15 13.94 0.251 73 0.133 0.13 0.145
EC105 82.5 88.5 6 5.2 0.095 215 0.481 0.025 0.093
Including 82.5 84 1.5 1.3 0.17 250 0.603 0.009 0.111
Including 87 88.5 1.5 1.3 0.138 538 1.035 0.073 0.168
EC107 58.35 69 10.65 10.01 0.173 99 0.515 0.009 0.158
Including 64.5 67.5 3 2.82 0.474 260 1.4 0.016 0.373
EC108 34.5 37.1 2.6 2.51 0.37 226 0.75 0.003 0.082
EC109 61.8 63.8 2 1.64 3.23 2,510 10.25 0.004 0.925
EC109 87 107.5 20.5 15.7 0.572 439 1.872 0.004 0.181
Including 87 94.5 7.5 5.75 1.349 1,072 4.571 0.005 0.434
* Previously reported
El Cajon is a complex skarn-hosted deposit in calcareous sedimentary
rocks in contact with a granodiorite intrusion. Mineralization is
localized by skarn development, structure and lithology.
La Emma is one of several skarn-type deposits formed at El Cajon that
replace preferred beds in the limestones adjacent to intermediate
volcanic intrusions. Bedding trends northwest and dips northeast. A
steeply dipping northwest fault also localizes mineralization.
Scorpio Mining had anticipated reporting a new resource estimate for El
Cajon and its nearby San Rafael project by the end of the second
quarter of 2012. The extended drill program at El Cajon to test the
newly identified La Emma trend will delay the delivery of the El Cajon
resource estimate until the end third quarter of 2012.
A map of the El Cajon property showing the location of past and current
drill hole locations is available on the company's website.
Scorpio Mining's vice-president of exploration, James Stonehouse, is a
professional geologist in California (registration No. 5518), a registered geologist with SME (registration No. 4168919), and is a
qualified person for the company's Mexico projects and has reviewed the
content of this release. All technical information for the company's
Mexico projects is obtained and reported under a formal quality
assurance and quality control program. Samples are shipped to
the ALS Chemex preparation laboratory in Chihuahua, Mexico, for drying,
crushing and pulverizing. ALS Chemex, Chihuahua, then sends the pulps
for assaying to ALS Chemex, Vancouver, an ISO 9001:2000-accredited
facility. Details of the QA/QC program are available on the company's website.
We seek Safe Harbor.
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