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To: LoneClone who wrote (10944)	11/28/2007 2:05:18 PM
From: LoneClone	Read Replies (1) \| Respond to of 194504

Scorpio Gold Corporation's Joint Venture Partner Reports Intercept of 13.4 g/t Gold over 10 Metres from Initial Reconnaissance Drilling at Cochrane Hi Wed Nov 28, 12:31 PM ca.news.finance.yahoo.com TSX:SPM VANCOUVER, Nov. 28 /CNW/ - Scorpio Mining Corporation (TSX: SPM.TO) is pleased to announce that 93% owned subsidiary, Scorpio Gold Corporation's ("Scorpio Gold") joint venture partner, Atlantic Gold NL ("ATV"), has reported the first assay results from its initial reverse circulation (RC) drilling program on Scorpio Gold's 100% owned Cochrane Hill gold property located in Nova Scotia, which is currently under option to ATV. Scorpio is pleased to provide a summary of results released on November 21, 2007 by its partner, ATV, at the Cochrane Hill deposit in Nova Scotia. RC Drilling Program ATV has reported first assay results from its initial reverse circulation (RC) reconnaissance drilling program designed to test the mineralised shear zone as projected over 5 km to the east and west of the defined gold resource. Six fences of shallow-depth, angled 3 1/2" RC holes were drilled at nominal 400-m spacing along the mineralised zone that was identified by previous exploration data. Assay results, from nominal 4.0-m composites, have been received from the first three fences of holes located to the west of the resource (Table 1). For quick analytical turnaround, preliminary samples were taken as hand grabs over nominal 4.0-m composites from 1.0-m bagged RC chips. These initial results should be considered preliminary and indicative only. Riffle splitting of 1.0-m individual samples comprising the mineralised composites is underway to secure definitive results. Sampling quality is reported to be excellent with all samples dry and of similar size. Best results have been returned from Section 2125E, which is located about 600 m west of the western end of the Cochrane Hill resource. On this section, hole CHRC-07-019 intersected 13.4 g/t gold over 10.0 m at 3.0 m downhole depth, (including 63.7 g/t gold over 2.0 m at 3.0 m downhole depth). Beneath that hole, CHRC-07-020 intersected 8.0 g/t gold over 7.0 m from 15.0 m downhole depth to the end of the hole. The intervening hole, CHRC-07-018, returned only modest results, reflecting the coarse nature and erratic distribution of gold within the mineralization. The nearest drilling to this section is 350 m to the west and 450 m to the east. Mineralisation at Cochrane Hill is hosted within an estimated 10-m wide, south dipping zone of greywacke containing quartz veins and associated sulphides. The best result obtained from Section 1775E is an intersection of 3.0 g/t gold over 4.0 m (composite) from 17 m downhole depth (hole CHRC-07-014). No significant assays were returned from Section 1350E at the western end of the property, despite its location beneath a trench noted by previous explorers to be mineralised. Assays for the three RC drill fences east of the resource are pending. Permitting for line clearing on 100-m spaced gridlines east and west of Section 2125E is currently in process). This will allow infill RC (and diamond) drilling along strike of this new mineralised structure. In addition, drilling is proposed to the north and south of the structure to test for parallel gold-bearing structures. Table 1. RC Drilling Results - Cochrane Hill Deposit Extensions --------------------------------------------------------- Hole No. Section From To Length Gold (m) (m) (m) (g/t) --------------------------------------------------------- CHRC-07-014 1775E 17.00 21.00 4.00 3.00 --------------------------------------------------------- CHRC-07-019 2125E 3.00 13.00 10.00 13.40 --------------------------------------------------------- Includes 3.00 5.00 2.00 63.70 --------------------------------------------------------- CHRC-07-020 2125E 15.00 24.00 9.00 6.20 --------------------------------------------------------- Includes 15.00 19.00 4.00 12.20 --------------------------------------------------------- Assaying of Previously Un-Sampled Core ATV also reported that they have been assaying previously un-sampled sections of historic diamond drill core from holes that define the current resource at Cochrane Hill (Table 2). These un-sampled sections were ascribed a zero grade for resource estimation purposes. ATV reports that the intersections from holes re-tested to date have returned, on average, approximately a 25% increase in grade to those that are reflected in the published resource estimate. Table 2. Re-Assaying and Assaying of Previously Un-sampled Drill Core - Cochrane Hill Deposit ------------------------------------------------------------------------- Hole No. From To Length Original Assays New Assays (m) (m) (m) (with un-assayed (gaps infilled) gaps) Gold (g/t) Gold (g/t) ------------------------------------------------------------------------- CH-74-002 69.10 99.05 29.95 3.74 4.43 ------------------------------------------------------------------------- CH-74-004 102.10 137.05 34.95 1.65 1.87 ------------------------------------------------------------------------- CH-74-023 72.85 105.00 32.15 2.08 2.79 ------------------------------------------------------------------------- CH-74-024 89.45 110.35 20.90 0.72 0.84 ------------------------------------------------------------------------- CH-74-026 8.00 38.40 30.40 1.23 1.84 ------------------------------------------------------------------------- CH-74-028 12.35 37.00 24.65 1.64 1.79 ------------------------------------------------------------------------- CH-74-029 12.95 35.00 22.05 0.91 1.18 ------------------------------------------------------------------------- CH-74-030 11.75 35.00 23.25 0.99 1.38 ------------------------------------------------------------------------- CH-74-031 121.45 135.65 14.20 0.59 2.17 ------------------------------------------------------------------------- CH-74-034 60.50 68.00 7.50 2.96 3.26 ------------------------------------------------------------------------- CH-74-039 53.80 75.13 21.33 0.00 1.10 ------------------------------------------------------------------------- CH-81-047 115.50 124.51 9.00 0.11 1.42 ------------------------------------------------------------------------- 140.05 155.15 15.10 2.04 2.40 ------------------------------------------------------------------------- CH-81-059 128.45 166.75 38.30 2.44 2.98 ------------------------------------------------------------------------- Drill hole data in Tables 1 and 2 reflect downhole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time. The Cochrane Hill property covers a 5 km strike length of highly prospective terrain, which includes the above-mentioned gold mineral resource. ATV is earning a majority interest in the property by incurring expenditures of C$4.75 million on exploration and development within 4 years, conditionally extendable for a further 2 years, and making aggregate cash payments of C $100,000 to the vendor, Scorpio Gold Corporation (SGC). At SGC's election ATV will have then earned either a 60% Joint Venture interest (with SGC retaining a 40% Joint Venture interest) or a 100% interest subject to a 20% free carried interest retained by SGC. SGC is in the process of merging with TSX-V listed BacTech Mining that will see the shareholders of SGC collectively hold approximately 56% of BacTech's common shares. President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified Person for the Cochrane Hill project and has reviewed the technical information provided in this release. ATV's exploration program at Cochrane Hill was conducted under the supervision of Executive Director and "Competent Person" under the Australasian JORC Code, Wally Bucknell, BSc. All samples were processed and analysed at the ALS Chemex laboratory in Val d'Or Quebec. ALS Chemex is ISO 9001:2000 accredited by the Standards Council of Canada. Further information on the Company and the Cochrane Hill project is available on the Scorpio Mining web site at: www.scorpiomining.com. ON BEHALF OF SCORPIO MINING CORPORATION Peter J. Hawley Chairman & CEO This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, 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 success, continued availability of capital and financing, and general economic, market or business conditions. Contacts 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