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Scorpio Mining Corporation's most advanced property assets include the Nuestra Senora group of carbonate replacement deposits in Sinaloa State. The Nuestra Senora hosts four past-producing silver-copper-lead-zinc deposits that were developed and exploited by the American Smelting and Refining Company (ASARCO) from 1956-1964. Based on the positive results of a recent independent scoping study on one of the deposits, the Candelaria, Scorpio is preparing to commence a mining operation from the 0 to the minus 60-metre level of the deposit. Past extraction by ASARCO from the Candelaria amounted to 120,000 tons of ore grading 22 oz/ton silver, 2.8% copper, 3.5% lead and 6.5% zinc.

Scorpio Mining Corporation     SPM   (TSXV)

Works in Mexico through Minera Escorpion S.A. de C.V. which has opened an office in Cosala, Sinaloa.

Nuestra Senora Project, Sinaloa. Consists of 4 past producing mines Nuestra Senora, Candelaria, Santo Domingo and Santa Teresa all previously owned and operated by ASARCO from 1956-1966. Infrastructure and development is still in place from ASARCO which would cost millions of dollars today. ASARCO left documented reserve/resources within the mines when they closed Nuestra Senora in the 1960's and from the mid 1960's the property has never been further explored using today's new modern exploration techniques plus the development in new ore model theories. To date Scorpio Mining Corporation has undergone an aggressive exploration and due diligence program over the core of the Nuestra Senora Property. Included in this program were airborne magnetics, electromagnetics, radiometrics survey, satellite imagery, ground geophysics, underground sampling, bulk sampling, three phases of metallurgical testing plus up grading a contracted 450 ton per day mill facility 6 miles from the mine site. Minera Escorpion operates a fully modern office with computer equipment, e-mail, fax, plotting, digitizing, geophysics equipment and has purchased all mining equipment required to obtain a large scale bulk sample to run at its contracted mill facility. All the work to date and equipment purchases were obtained by private funds which shows the support and the money management of the company. The company's long term mandate is to efficiently use the latest tools of exploration and development to confirm and delineate reserves and resources, and to develop all existing mines for future production. The company's first priority is to focus on the Candelaria Mine, which contains the highest grades of the four mines and appears to have great reserve potential.

May 9, 2001 A drill contractor is being mobilized to the Nuestra Senora Property, Mexico to begin the first phase of a multi-phase exploration and development program at Candelaria.. 

In the past ASARCO extracted approximately 120,000 tons at 22 oz/t Ag, 6.5% Zn, 2.8% Cu and 3.5% Pb (insitu value of over US$200 per ton) from the main (zero) level of the Candelaria Mine. No development or mining has taken place below the main level. During the 2000 exploration program Scorpio completed over 3,000 meters of delineation diamond drilling resulting in the extension of the Candelaria Mine mineralization to 186 vertical meters below the previous mine workings, and confirmed the presence of polymetallic bonanza grade mineralization. The first phase of the upcoming work program will comprise underground fan array drilling from the existing main level workings. Spaced underground drill stations will be established to delineate the ore body. The drill results will enable the Company to define the dimensions, tonnages and grades of the zone(s) encountered. The results of this drill program will be used to design the second phase that will involve the extraction of a sizeable bulk sample from between the main (zero) and ­50 meter levels. Scorpio already has all necessary mining equipment on site for this program. The third phase of the program will consist of the milling of the extracted bulk sample at a 450 tonne per day mill located only 6 miles from the mine site. Several phases of metallurgical tests completed to date suggest excellent recoveries can be obtained. 

Press Release 9May01

Vianey Silver Mine, Guerrero. Signed a memorandum of understanding to pick up this asset from Robex Resources, Inc. Reserves of 650,000 in "proven category".

Press Release 5June01

La Verde Grande, Sonora. A 4200 ha property located 35 miles NW of Hermosillo.  A Cu-Mo project encompassing 9 known Cu-Zn skarn related deposits. To date, three major mining companies, Freeport Exploration, Minera Teck and Minera Noranda, have all performed due diligence on the La Verde claim block. (Exall was promoting this same property in early 1990's). Scoprio now controls 100% and optioned 51% out to Freeport-MacMoran in a 5 year plan with staged payments and work commitments. Freeport mapped and sampled throughout 1999 and first half of 2000 but plans to kick it into high gear mid 2000.

Press Release 29May00