Scorpio Mining Corporation Hosted its Mine / Mill Inauguration at the Nuestra Senora Project, Sinaloa State, Mexico
Peter J. Hawley, Chairman, CEO comments, "May 30th was a very special day for the Scorpio team and we were honoured to have such distinguished guests attending the ceremony. The ribbon cutting ceremony was followed by a tour of the processing mill complex and examination of the concentrate as it was produced. This new mine will generate economic and social benefits for the local Cosala community, which is also called Pueblo Magico (Magic Town) and designated a UNESCO World Heritage Site, as well as the State of Sinaloa and the people of México."
The Inauguration was attended by over 650 people including Mexican state and federal officials, Canadian Government officials and representatives of various financial institutions from Europe, Australia, Argentina, Canada and USA, and was covered by all of the Mexican national and state television and newspapers. The quality of the mill facility workmanship and how modern the facility is were common favourable comments especially given that the facility was built in only eight months.
The cutting of the ribbon was celebrated by the Governor of the State of Sinaloa, Lic. Alberto Aguilar Padilla; the Canadian Ambassador, His Excellency Guillermo E. Rishchynski; the Minister of Mines for México, Lic. Roque Diaz de Leon and the Chairman and CEO of Scorpio, Peter J. Hawley.
The Company continues on target to meet its mandate of reaching commercial production in July of this year and will continue to optimize the project to achieve maximum production and throughput. Commissioning of the process mill continues with the facility currently processing between 500 and 650 tonnes of ore per day and working towards stabilization of throughput and concentrate grade in the advancement to commercial production. At present, a total of 95,000 tonnes of ore is stockpiled at the mill site and being processed. In addition, underground production crews are drilling the second long-hole stope and opening a level for a future cut and fill stope from a high-grade area. Remote control mucking of the first blasted long-hole stope continues and the Company has completed an electrical upgrade throughout the mine to improve power distribution for jumbo and long-hole drilling, diamond drilling and ventilation.
President, Mr. D. Roger Scammell, PGeo, is the Company´s Qualified Person for the Nuestra Senora project and has reviewed the contents of this release.
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" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing of development and production activities at the Nuestra Senora Project and Scorpio Mining Corporation´s commitment to, and plans for developing the Nuestra Senora Project. Generally, these forward-looking statements 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 and phrases or statements that certain actions, events or results "may", "can", "could", "would", "might", or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Scorpio Mining Corporation to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development and construction of the Nuestra Senora Project, risks related to international operations, construction delays and cost overruns, the actual results of current exploration, development and construction activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of silver, zinc, copper, lead and gold, as well as those factors discussed in the sections relating to risk factors of our business filed in Scorpio Mining Corporation´s required securities filings on SEDAR, including its Annual Information Form dated March 26, 2008. Although Scorpio Mining Corporation has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Scorpio Mining Corporation does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.