Scorpio Purchases Additional Mill Equipment; Transport and Refurbishment of Mill Inventory in Progress
Monday October 16, 9:00 am ET
ca.us.biz.yahoo.com
TSXV:SPM
VANCOUVER, Oct. 16 /CNW/ - Scorpio Mining Corporation (TSXV:SPM) reports that it has purchased additional mill components from the decommissioning of the San Manuel polymetallic mine located in Sonora State, Mexico. Included in the purchase is a 10' x 12' ball mill, 800-hp motor, base plates, gears hydraulics and other ancillary equipment.
In addition, Scorpio has been mobilizing mill components purchased in 2004 from the San Martin mill facility, from its staging site in Tucson, Arizona to a refurbishment yard in Mazatlan, Mexico. Once refurbished, the various components will be transported to the mill site located near the Nuestra Senora mine. Unloading and construction work will be facilitated by the Company's 70-tonne capacity crane, currently positioned at the mill site.
Peter J. Hawley, President & CEO reports, "The transportation and refurbishment of our mill equipment adds to a very busy and exciting time for Scorpio Mining. As we continue our underground development and exploration of the Nuestra Senora deposits, construction of a mill access road and planning for the electric power line is also in progress. I would like to thank the Scorpio team for all the hard work done to date and over the next year to come as we continue toward a production decision."
Scorpio's President, Peter J. Hawley, PGeo, is the Qualified Person under NI43-101 who has reviewed and approved the technical content of this release. Further information on Scorpio Mining and its projects is available on the Scorpio Mining web site at: www.scorpiomining.com.
ON BEHALF OF SCORPIO MINING CORPORATION
Peter J. Hawley
President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release. This discussion includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, 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 successes, continued availability of capital and financing, and general economic, market or business conditions.
For further information
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
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Source: Scorpio Mining Corporation |
