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Scorpio Mining

Santa Teresa Extension Continues to Produce High-Grade Results with 3.10 metres Grading 1,496 g/t Ag, 36.62% Zn, 2.88% Cu and 4.30% Pb within 13.8 metres of 385 g/t Ag, 9.50% Zn, 0.75% Cu and 2.09% Pb
3/18/2008
VANCOUVER, Mar 18, 2008 (Canada NewsWire via COMTEX News Network) --

TSX:SPM

Scorpio Mining Corporation (TSX:SPM) is pleased to report additional underground drill results from the Santa Teresa Extension Zone at its 100% owned Nuestra Senora project, Sinaloa State, Mexico.

Peter J. Hawley, Chairman, CEO comments, "Due to its proximity to current underground development, good widths, and higher grades, the Santa Teresa Extension Zone has quickly moved up our medium-term mine planning schedule, as it could have a significant impact on providing higher-grade feed to the mill facility. The zone appears to be strongly enriched in mineralization proximal to the Sept 9 Zone, which is now interpreted as a possible mineralized feeder conduit for the Hoag, Santa Teresa and Nuestra Senora mineralized zones."


<<
Table 1. 9th Level Underground Drill Results - Santa Teresa Extension

-------------------------------------------------------------------------
Hole No. From To Length Ag Au Cu Pb Zn
(m) (m) (m) (g/t) (g/t) % % %
-------------------------------------------------------------------------
NS9L-07-106 16.05 29.85 13.80 385 0.05 0.75 2.09 9.50
-------------------------------------------------------------------------
Including 16.05 19.20 3.15 1496 0.15 2.88 4.30 36.62
-------------------------------------------------------------------------
Including 26.20 29.85 3.65 137 0.04 0.24 4.03 3.52
-------------------------------------------------------------------------
>>

The Santa Teresa Extension Zone is parallel to and southeast of the Hoag Zone where most of the initial underground mining is expected to occur in 2008 and 2009. As shown on the Level 9 plan map (www.scorpiomining.com/s/NuestraSenora.asp), the Santa Teresa Extension and Hoag zones are linked by the Sept 9 Zone, where recent underground development on the 9th and 10th Levels has delineated impressive sulphide mineralization within the structure. The Sept 9 Zone appears to dip moderately towards the west and strikes approximately north-northwest. Given its trend, the Sept 9 Zone should intersect the east dipping Main Nuestra Senora Zone at depth. The hypothesis is that such an intersection could have resulted in a large dilation zone and potentially allowed for wide spread emplacement of mineralization.

Consistent with previously announced drill hole results (Tables 2 and 3), the Santa Teresa Extension continues to show good widths in most of the holes. The geometry of the currently defined lens suggests that it will be amenable to low-cost, long-hole mining. The Santa Teresa Extension Zone remains open up and down dip along the rake of the mineralization.


<<
Table 2. Recently Announced Results from Levels 9 and 10 -
Santa Teresa Extension

-------------------------------------------------------------------------
Hole No. From To Length Ag Au Cu Pb Zn
(m) (m) (m) (g/t) (g/t) % % %
-------------------------------------------------------------------------
NS9L-07-101 35.60 37.00 1.40 43 0.01 0.13 0.50 2.95
-------------------------------------------------------------------------
NS9L-07-102 19.50 55.00 35.50 88 0.02 0.20 2.24 2.12
-------------------------------------------------------------------------
Including 19.50 32.20 12.70 108 0.02 0.18 2.45 2.03
-------------------------------------------------------------------------
Including 38.50 41.80 3.30 217 0.03 0.98 5.59 5.15
-------------------------------------------------------------------------
Including 44.60 55.00 10.40 90 0.03 0.12 2.57 2.77
-------------------------------------------------------------------------
NS9L-07-103 40.20 61.40 21.20 132 0.03 0.60 1.54 2.99
-------------------------------------------------------------------------
Including 36.40 37.50 1.10 142 0.03 0.80 1.43 2.09
-------------------------------------------------------------------------
Including 40.20 43.10 2.90 585 0.09 1.69 6.40 11.90
-------------------------------------------------------------------------
Including 47.60 50.90 3.30 91 0.02 0.51 0.63 1.60
-------------------------------------------------------------------------
Including 56.90 61.40 4.50 123 0.02 0.97 1.66 3.91
-------------------------------------------------------------------------
NS9L-07-104 2.30 8.40 6.10 118 0.02 0.90 5.47 5.05
-------------------------------------------------------------------------
NS9L-07-105 16.00 20.85 4.85 40 0.02 0.06 1.30 3.77
-------------------------------------------------------------------------
NS9L-07-107 24.00 28.50 4.50 100 0.03 0.29 2.89 2.07
-------------------------------------------------------------------------
NS9L-07-108 18.60 47.30 28.70 121 0.03 0.45 2.97 3.57
-------------------------------------------------------------------------
NS9L-07-109 0.00 9.20 9.20 223 0.02 0.82 4.75 5.77
-------------------------------------------------------------------------
NS9L-07-86 35.00 48.00 13.00 186 0.02 0.18 2.16 9.65
-------------------------------------------------------------------------
NS9L-07-96 28.40 57.60 29.20 355 0.09 0.34 1.62 5.97
-------------------------------------------------------------------------
NS9L-07-97 17.10 27.20 10.10 269 0.09 0.46 7.26 7.04
-------------------------------------------------------------------------
NS10L-07-134 13.50 29.80 16.30 106 0.03 0.21 0.28 3.76
-------------------------------------------------------------------------
NS10L-07-139 27.60 35.30 7.70 247 0.03 0.31 4.57 2.20
-------------------------------------------------------------------------
NS10L-07-140 14.10 20.50 6.40 137 0.02 0.42 1.57 2.86
-------------------------------------------------------------------------
Including 14.10 15.30 1.20 71 0.01 0.04 1.24 1.29
-------------------------------------------------------------------------
Including 17.80 20.50 2.70 287 0.04 0.93 3.08 6.01
-------------------------------------------------------------------------
NS10L-07-149 29.90 37.40 7.50 54 0.01 0.08 1.57 1.46
-------------------------------------------------------------------------
Including 29.90 32.60 2.70 65 0.01 0.08 2.14 2.60
-------------------------------------------------------------------------
Including 35.50 37.40 1.90 80 0.02 0.13 2.26 1.28
-------------------------------------------------------------------------


Table 3. Other Previous Underground Results - Santa Teresa Extension

-------------------------------------------------------------------------
Hole No. From To Length Ag Au Cu Pb Zn
(m) (m) (m) (g/t) (g/t) % % %
-------------------------------------------------------------------------
NSUG-06-112 94.48 94.90 0.42 257 0.06 0.17 4.71 16.15
-------------------------------------------------------------------------
NSUG-06-119 76.80 96.30 19.50 51 0.01 0.23 0.98 2.73
-------------------------------------------------------------------------
Including 76.80 78.30 1.50 171 0.03 0.28 7.54 15.45
-------------------------------------------------------------------------
Including 87.50 96.30 8.80 82 0.02 0.46 0.87 3.37
-------------------------------------------------------------------------
NSUG-06-120 88.00 89.80 1.80 337 0.03 0.77 13.45 7.68
-------------------------------------------------------------------------
NSUG-06-121 83.50 84.90 1.40 134 0.02 1.00 3.85 4.33
-------------------------------------------------------------------------
NSUG-06-122 76.50 84.80 8.30 92 0.03 0.13 2.95 1.91
-------------------------------------------------------------------------
NSUG-06-123 116.30 119.50 3.20 74 0.03 0.27 1.12 1.31
-------------------------------------------------------------------------
NSUG-07-154 58.10 64.10 6.00 75 0.01 0.18 2.70 3.21
-------------------------------------------------------------------------
NSUG-07-172 76.40 78.80 2.40 80 0.03 0.02 1.95 4.72
-------------------------------------------------------------------------
>>

Drillhole data in the tables reflect down hole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time. Further information on the Company and the Nuestra Senora project is available on the Scorpio Mining web site at: www.scorpiomining.com.

President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified Person for the Nuestra Senora project. Mr. Scammell is responsible for the current exploration and development program and has reviewed the content of this release. All technical information for the Nuestra Senora property is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are shipped to the ALS Chemex preparation laboratory in Hermosillo, Mexico for drying, crushing and pulverizing. ALS Chemex, Hermosillo then sends the pulps by air-freight to ALS Chemex, Vancouver for assaying. Systematic assaying of standards and blanks are performed for precision and accuracy; check assays are regularly conducted by SGS Lakefield Research. Details of the QA/QC program are available on the Company's website.

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 or development 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, mine development priorities, continued availability of capital and financing, and general economic, market or business conditions.

SOURCE: Scorpio Mining Corporation

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
Copyright (C) 2008 CNW Group. All rights reserved.
 
Dajin

erste Hoffnung war eher eine Niete, Ergebnisse vom Cowtrail Au Projekt sind maessig
 
- SZ7 -

Scorpio Mining unbedingt beachten! :)

0,92 € / 1,47 CA$

Sollte einer der nächsten großen Silberproducer in Mexiko werden!

Verarbeitungsanlage steht bereits und Mine ist schon voll genehmigt!!
Start der Testproduktion am 31.03.08 geplant mit 500t pro Tag.
Nach 3 Monaten Erhöhung auf 1.000t, und ab 2009 2.000t !!!
----
Bei den derzeitigen Preisen und basierend auf der Cashflow-Projektion von ca. 1 CA$ je voll verwässerter Aktie und der Annahme eines realistischen Cashflow-Multiplikators von 6-8 beträgt der faire Wert von Scorpio Mining zwischen 6 bis 8 CA$!
----

"In der Santa Teresa Lagerstätte stieß man gestern über 13,80 m auf 385 g/t Silber, 0,75 % Kupfer, 2,09 % Blei und 9,50 % Zink. Innerhalb dieses Abschnitts findet sich ein noch höhergradiger Teil über 3,15 m, der sogar 1.496 g/t Silber, 2,88 % Kupfer, 4,30 % Blei und sensationelle 36,62 % Zink aufweist. Hier sieht man ganz klar das Erweiterungspotential von Nuestra Senora. Am 30. Mai soll die Eröffnungszeremonie der Verarbeitungsanlage mit lokaler und internationaler Prominenz stattfinden."
 
wieder eine kleine "feine" News, kein Kracher

Mar 19, 2008 10:52 ET
East Asia Minerals Expands Abong Jasperoid Prospect in Excess of 1.5 Kms Strike With Consistent Near-Surface Gold Intercepts

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to report that drilling on the outcropping, sub-horizontal Abong Jasperoid Prospect within the Barisan Property, Aceh Province, Indonesia, continues to intersect consistent near surface epithermal gold mineralization. Drill holes ABD-08 to ABD-10 respectively intersected 1.77 g/t gold over 11.0 metres, 1.56 g/t gold over 12.0 metres, and 1.72 g/t gold over 12.0 metres.

East Asia Minerals' drilling and mapping have consistently provided significant gold results along an extensive shallow dipping, near-surface jasperoid "blanket" greater than 1,500 metres in a northwest direction, up to 750 metres wide, and typically 10 to 15 metres thick. The jasperoid surface area remains open in all directions and drilling confirms the historically defined mineralization (view map at www.EAminerals.com). Sampling and analysis for drill holes ABD-11 to 24 are in progress, and results will be disclosed as received. Drill hole ABD-25 has commenced.

In addition, at the northwest and southeast areas (Bintang and Fikri) of the Abong Jasperoid Prospect, East Asia has mapped/sampled high-grade gold laterally along basal surge tuff horizons positioned within the gold bearing jasperiod "blanket" and into breccia feeder zones that extend to depth. These include trench results of 12.11 g/t gold over 8.0 metres at the Bintang Prospect, and 11.28 g/t gold over 11.0 metres at the Fikri Prospect (December 11, 2007 and January 14, 2008 news releases). When drilling in these areas, the Company intends to extend the holes past the gold-bearing jasperoid "blanket" to test for high-grade bonanza gold zones that are typical of epithermal gold environments.




Abong drill assays to date
-----------------------------------------------------------------Drill Hole From (m) To (m) Interval (m) Gold (g/t)-----------------------------------------------------------------ABD-1 21.0 31.0 10.0 2.81-----------------------------------------------------------------ABD-2 63.0 73.0 10.0 1.78-----------------------------------------------------------------ABD-3 14.0 23.0 9.0 4.84-----------------------------------------------------------------ABD-4 1.0 8.0 7.0 0.23-----------------------------------------------------------------ABD-5 1.0 9.0 8.0 2.32-----------------------------------------------------------------ABD-6 21.0 38.0 17.0 1.02-----------------------------------------------------------------Including 22.0 32.0 10.0 1.42-----------------------------------------------------------------ABD-7 0.0 12.0 12.0 2.24-----------------------------------------------------------------ABD-8 3.0 14.0 11.0 1.77-----------------------------------------------------------------Including 3.0 12.0 9.0 2.10-----------------------------------------------------------------ABD-9 0.0 24.0 24.0 1.00-----------------------------------------------------------------Including 0.0 12.0 12.0 1.56-----------------------------------------------------------------ABD-10 0.0 12.0 12.0 1.72-----------------------------------------------------------------And 19.0 32.0 13.0 1.17-----------------------------------------------------------------



The Abong program is diamond drilling holes at 150 to 200 metre centres to more completely delineate the historically outlined stratabound epithermal gold mineralization, and to expand on that base. Reverse circulation drilling will follow to tighten the drill spacing and cut costs. A speculative non-NI 43-101 compliant resource of 40 to 60 million tonnes grading 1.0 to 1.5 g/t gold, for a total of approximately 1.5 million ounces of gold, was estimated by two major mining companies which drilled 28 holes, 20 to 120 metres deep, on the Abong Jasperoid Prospect in the mid 1990's (October 30, 2007 news release). East Asia Minerals is encouraged that the Jasperoid intercepts of stratabound mineralization it is encountering are substantially higher grade than the historic reported average.

Samples reported were assayed at Intertek Laboratories in Jakarta. Lionel Martin, P.Geo, the designated QP within the meaning of 43-101 has reviewed and approves the content of this release. East Asia has not verified the classification of the historic resource reference and is not treating it as a NI 43-101 defined resource verified by a QP. Although the historical reference of resource potential is relevant to recognizing the potential of the Abong projects, it should not be relied upon.

About East Asia Minerals Corporation
 
ein ganz ganz schweres Jahr fuer unsere Explorerbuden wird das...

den exorbitanten Anstieg der Edel- und Basismetallpreise haben die meisten der Juniors gar nicht oder nur teils nachvollzogen, dafuer werden sie jetzt von zwei Seiten voll erwischt:

die Hedge- und auch normalen Fonds schmeissen wie die Wilden, um ihre Existenz zu sichern, die Privatanleger verlassen daraufhin entnervt ebenfalls die vermeintlich sinkenden Schiffe und das alles gepaart mit einer scharfen Korrektur bei den Commodity Preisen

da gibt es nur eins:

wer von seinen Werten ueberzeugt ist, der legt die weg und auf die lange Bank und schaut besser nicht auf die Kurse, oder man realisiert jetzt, was noch da ist und geht zu reinem News-Trading ueber

meine Longposis liegen teils 50% hinten, das sind aber Werte, die mit Micro-Market Caps operieren und ein Hit kann schnell fuer eine Vervielfachung sorgen, entsprechend bleiben meine Werte eiskalt im Longdepot und ich kauf mit den Tradinggewinnen aus dem Newstrading weiter nach
 
ganz ganz bitterer Verlauf und voll im ATK: Southern Arc

BasicChart.aspx
 
Morjen - bin wieder da, war schön und nötig ein wenig Abstand - und wenn ich sehe was gelaufen ist umso besser..............au Backe
 
-in meinen Augen eine gute Entscheidung - denn es war für die Shareholder von Scorpio ohne Beteiligung am Erfolg der Goldprojekte - und so haben wir wieder alles bei Scorpio, sollen sie doch die Dinger verkaufen wenn die Priorität auf Nuestro konzentriert ist .......... so haben sie dann wenigstens zusätzliche Kohle

Scorpio and BacTech cancel merger


2008-03-19 15:49 ET - News Release

Mr. Peter Hawley reports

SCORPIO ANNOUNCES TERMINATION OF MERGER BETWEEN SCORPIO GOLD AND BACTECH

Scorpio Mining Corp.'s planned business combination between its 93-per-cent-owned subsidiary, Scorpio Gold Corp. and BacTech Mining Corp., and all transactions associated therewith, have been terminated by mutual agreement of the parties.

The TSX Venture Exchange required a working capital infusion of $4-million into the combined company as the last condition in order to grant its approval to the merger. Contrary to what BacTech states in its news release in Stockwatch of March 19, 2008, about the termination, it had been mutually decided that due to the current equity market conditions that SGC would raise $3-million of equity financing and BacTech would raise $1-million in flow-through financing. On this basis, subscription agreements for the fundraising were drawn up, however BacTech recently advised it was not prepared to announce and proceed with its financing at this time, leading to the termination.

Scorpio Mining maintains its intention to spin off Scorpio Gold as a separately financed public company and it will continue to examine alternative means of financing and listing Scorpio Gold in the public markets.

We seek Safe Harbor.
 
March 2008
Neuer Rekord beim Goldpreis macht Goldaktien attraktiv
Letzten Freitag kletterte der Preis für die Feinunze auf 1007 US$.
Zuvor hatte der US-Dollar angesichts schwacher Konjunkturdaten und der
anhaltenden Sorge über die Kreditkrise ein neues Rekordtief markiert.
In diesem BlackRock Bullet äußert sich Graham Birch, Leiter des Natural
Resources Teams, zu den Aussichten für Gold und die Goldaktien in den
BlackRock Goldfonds.
Der Kollaps der Investmentbank Bear Stearns erwies sich als der
Katalysator, der den Goldpreis schließlich über die
1000-Dollar-Marke trieb. Es überrascht kaum, dass sich Anleger in
Zeiten extremer Turbulenzen auf Gold zurückbesinnen, da Goldbarren
schließlich nicht „versagen“ können.
Dabei darf man jedoch nicht vergessen, dass die Ursachen des
aktuellen Bullenmarkts fest in den positiven Fundamentaldaten für
Angebot und Nachfrage verankert sind. So wurde die Goldförderung
in der Phase niedriger Goldpreise Ende der 90er Jahre gedrosselt.
Jetzt müssen wir mit diesem Erbe leben, da die Vorkommen in den
alten Minen zur Neige gehen und es bei den neuen Minen zu
Verzögerungen kommt und die Kapitalkosten eskalieren. Wir rechnen
daher damit, dass die weltweite Produktion der Goldminen 2008
weiter rückläufig sein wird. Trotz einiger unvermeidlicher
Preisschocks in der Schmuckindustrie dürfte bereits dieser Faktor
allein ausreichen, um die angespannte Lage auf den Märkten zu
erhalten.
Wie sind die Aussichten für die BlackRock-Goldfonds angesichts des
neuen Rekord-Goldpreises? Zunächst gehen wir davon aus, dass 2008
den meisten im Portfolio enthaltenen Goldminen ein sattes
Gewinnwachstum bescheren wird. Bis dato liegt der
durchschnittliche Goldpreis in diesem Jahr bei 919 US-$ je
Feinunze und präsentiert sich damit gegenüber dem
durchschnittlichen Vorjahrespreis von 696 US-$ je Feinunze äußerst
günstig. Dieser Preisanstieg wird die Kassen der Goldminen kräftig
klingen lassen. So haben mit Kinross Gold und Yamana Gold bereits
zwei unserer größeren Beteiligungen Dividenden ausgeschüttet,
während andere die Auszahlungen erhöht haben. Für die kommenden
Monate erwarten wir weitere guten Nachrichten dieser Art.
Die Stärke der Edelmetallmärkte schlägt sich in robusten,
wenngleich schwankenden Erträgen für unsere Goldfonds an den
Aktienmärkten nieder. Trotz der Misere an anderen Märkten (MSCI
World Index in diesem Jahr bereits -11% *) entwickelten sich
unsere Goldfonds bisher gut und verzeichnete der MLIIF World Gold
Fund bis zum 14. März ein Plus von 21%.
* Quelle : Bloomberg;
**Quelle: Morningstar; Grundlage: Rücknahmepreis bei Wiederanlage
der Bruttodividenden nach Gebühren.
© 2008 BlackRock, Inc. All rights reserved.
 
h.html


Werden, wie viele Gold und Silberproduzenten,starke Gewinne verzeichnen!
 
A Time for Caution, Update 1

Bob Moriarty
Archives
Mar 17, 2008

I wrote a piece 10 days ago suggesting caution on the part of my readers. Gold and silver are at bullish extremes; the dollar is at a bearish extreme. In any normal time, we would expect to see a correction, probably violent. I still believe we will have a correction shortly but we may no longer control anything. While the metals and the dollar are showing extremes of emotion, the shares of mining companies still seem to be very bullish based on my read of the XAU over gold.

My readers are smart enough to realize we are not in normal times. We are in a Domino Depression where we can expect two or three hedge funds to collapse every day, banks to go under on a regular basis. Northern Rock collapsed last fall, I for one, cannot understand how the rest of the banking system has not failed.

It's starting again; we are in uncharted waters where no one quite understands where we are; we've never been here before. Bear Sterns crashed on Friday last. On Monday March 17th, President Bush meets with the infamous Plunge Protection Team. The alternatives are everything from a Bank Holiday to a nuclear attack on Iran to Bush declaring a "National Emergency" and naming himself Fuhrer.

One of the very real alternatives is Weimar style inflation. That's what the government would like to do; it's a question of if the rest of the world will go along with it. All it would take for a total and immediate failure would be for China or Russia or Japan or Saudi Arabia to dump the dollar.

It's a time for caution. We SHOULD have a violent correction in gold and silver and the dollar based on emotion and government intervention but we could see $3,000 gold in a week or the start of a living nightmare brought to you by the Gang of Fools in Washington. No one knows.

I'm tempted to say the government's ability to deceive is far greater than I ever imagined and the stupidity of Americans equally unimagined. We may well coast into Armageddon at a nice measured rate or we could see a freeze-up next week. The time will come when there is a total freeze-up in the banking system and all the banks will close. I just don't know if it's next week or not.

It's a time to be cautious. We are not entering a recession; it's a full-blown Domino Depression. It's not a time to be in CDs or Real Estate or speculating in the stock market. You need to own real things of some real value. Our world is changing at an ever-increasing rate. Own some physical gold and pay attention to what is going on.

###

Mar 16, 2008
Bob Moriarty
President: 321gold
 
SCORPIO MINING CORP
Scorpio Defines the "Jewel Box" Trend within the Northwest Sector of the Nuestra Senora Zone with Underground Drilling Reporting 669 g/t Ag, 10.52% Zn, 3.01% Cu, 3.73% Pb over 4.6 metres followed by 9.4 metres grading 271 g/t Ag, 9.80% Zn, 2.90%
3/25/2008
VANCOUVER, Mar 25, 2008 (Canada NewsWire via COMTEX News Network) --

TSX:SPM

Scorpio Mining Corporation (TSX:SPM) is pleased to report additional underground drill results targeting the Northwest zone of the Nuestra Senora deposit between the 10th and 12th levels of its 100% owned Nuestra Senora project, Sinaloa State, Mexico. The most recent intersection in diamond drill hole NS8L-08-81 and others demonstrate that the high-grade "Jewel Box" zone is continuous over a vertical distance of 60 metres and is easily accessible from the main ramp which is now close to the 12th level.


<<
Table 1. 8th Level Underground Drill Results - Nuestra Senora Northwest
"Jewel Box" Zone

-------------------------------------------------------------------------
From To Length Ag Au Cu Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) % % %
-------------------------------------------------------------------------
NS8L-08-81 25.50 25.80 0.30 3,550 1.10 0.01 9.46 0.03
-------------------------------------------------------------------------
33.70 34.30 0.60 300 0.233 0.00 0.73 0.06
-------------------------------------------------------------------------
38.70 39.50 0.80 569 0.300 0.01 0.56 0.03
-------------------------------------------------------------------------
51.50 57.00 5.50 110 0.089 0.42 3.23 3.96
-------------------------------------------------------------------------
68.30 72.90 4.60 669 0.349 2.01 8.73 10.52
-------------------------------------------------------------------------
82.80 92.20 9.40 271 0.613 2.90 4.08 9.80
-------------------------------------------------------------------------
>>

A longitudinal section of the Northwest zone can be found on the company's website. (www.scorpiomining.com/s/NuestraSenora.asp). Development of this zone on the 9th level has primarily been in mineralization that is lower in silver and copper when compared to the rest of the Main zone. However, as the intersections highlighted on the section and listed below indicate there is a significant enrichment not only in silver and copper but also lead and zinc below the 10th level.

Peter J. Hawley, Chairman, CEO comments, "As previously released (March 18, 2008), the Santa Teresa Extension zone reported an interval of 3.10 metres grading 1,496 g/t Ag, 36.62% Zn, 2.88% Cu and 4.30% Pb within an intersection of 13.8 metres grading 385 g/t Ag, 9.50% Zn, 0.75% Cu and 2.09% Pb. This intersection of elevated values is located near the junction between the Santa Teresa and Sept 9 zones. The Sept 9 zone is a structurally controlled vein which is oriented perpendicular to the trend of the Hoag, Santa Teresa and Nuestra Senora mineralization and is being interpreted as a possible conduit that has allowed for secondary enrichment, particularly of silver and copper, within the existing zones. The Sept 9 zone clearly has an important relationship with the mineralizing system. The question remains as to what will happen if the Northwest and Sept 9 zones intersect. Current interpretation by the Scorpio geologists suggests that the intersection will occur below the 12th level and could result in a large dilation zone with elevated metal values."

Because of the outstanding intersections in NS8L-08-81, the Company is currently moving an air drill on Level 10 to better define this zone. Development on 10th level is in progress and on the 10.5 Level is scheduled to start within the next couple of months. The "Jewel Box" zone could provide the Company with high-grade stopes accessible from 10th and 11th levels within a relatively short time.


<<
Table 2. 11th Level Underground Drill Results - Nuestra Senora Northwest
"Jewel Box" Zone

-------------------------------------------------------------------------
From To Length Ag Au Cu Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) % % %
-------------------------------------------------------------------------
NS11L-07-177* 183.00 225.00 42.00 199 0.16 0.73 1.53 2.73
-------------------------------------------------------------------------
including 192.90 203.70 10.80 382 0.144 1.25 1.68 3.33
-------------------------------------------------------------------------
208.20 213.30 5.10 265 0.078 0.26 2.61 3.25
-------------------------------------------------------------------------
218.60 222.80 4.20 267 0.322 1.80 3.89 4.78
-------------------------------------------------------------------------
* Previously reported


Table 3. 10th Level Underground Drill Results - Nuestra Senora Northwest
"Jewel Box" Zone

-------------------------------------------------------------------------
From To Length Ag Au Cu Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) % % %
-------------------------------------------------------------------------
NS10L-07-100* 68.20 82.50 14.30 379 0.240 1.67 5.54 7.96
-------------------------------------------------------------------------
Including 68.20 69.50 1.30 762 0.272 3.96 7.24 14.15
-------------------------------------------------------------------------
73.60 81.30 7.70 511 0.352 2.14 8.44 11.59
-------------------------------------------------------------------------
* Previously reported


Table 4. 3rd Level Underground Drill Results - Nuestra Senora Northwest
"Jewel Box" Zone

-------------------------------------------------------------------------
From To Length Ag Au Cu Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) % % %
-------------------------------------------------------------------------
NSUG-05-01* 201.00 207.00 6.00 498 0.20 0.27 1.56 11.15
-------------------------------------------------------------------------
Including 202 205 3.00 728 0.276 0.16 1.78 14.22
-------------------------------------------------------------------------
NSUG-05-08* 207.80 211.90 4.10 670 0.29 1.43 1.98 4.35
-------------------------------------------------------------------------
Including 207.80 209.75 1.95 1,213 0.49 2.11 3.54 5.28
-------------------------------------------------------------------------
NSUG-05-36* 183.00 196.00 13.00 377 0.29 0.74 0.97 2.25
-------------------------------------------------------------------------
Including 183.00 186.30 3.30 314 0.253 0.02 0.87 0.13
-------------------------------------------------------------------------
193.70 196.00 2.30 1,208 0.919 3.48 3.20 13.72
-------------------------------------------------------------------------
* Previously reported


Table 5. Surface Drill Results - Nuestra Senora Northwest
"Jewel Box" Zone

-------------------------------------------------------------------------
From To Length Ag Au Cu Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) % % %
-------------------------------------------------------------------------
NSS-04-12* 205.00 210.00 5.00 245 0.33 0.50 2.31 2.92
-------------------------------------------------------------------------
Including 207.20 209.00 1.80 451 0.754 0.93 5.22 4.92
-------------------------------------------------------------------------
NSS-05-29* 234.60 246.10 11.50 252 0.26 1.43 1.83 4.78
-------------------------------------------------------------------------
Including 234.60 237.30 2.70 637 0.846 3.86 5.91 13.89
-------------------------------------------------------------------------
NSS-05-30* 226.80 241.60 14.80 325 0.21 1.11 0.85 1.74
-------------------------------------------------------------------------
Including 227.80 232.50 4.70 726 0.428 2.87 2.02 4.57
-------------------------------------------------------------------------
239.40 241.60 2.20 357 0.191 0.40 0.81 0.62
-------------------------------------------------------------------------
* Previously reported
>>

Drillhole data in the tables reflect down hole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time. Further information on the Company and the Nuestra Senora project is available on the Scorpio Mining web site at: www.scorpiomining.com.

President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified Person for the Nuestra Senora project. Mr. Scammell is responsible for the current exploration and development program and has reviewed the content of this release. All technical information for the Nuestra Senora property is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are shipped to the ALS Chemex preparation laboratory in Hermosillo, Mexico for drying, crushing and pulverizing. ALS Chemex, Hermosillo then sends the pulps by air-freight to ALS Chemex, Vancouver for assaying. Systematic assaying of standards and blanks are performed for precision and accuracy; check assays are regularly conducted by SGS Lakefield Research. Details of the QA/QC program are available on the Company's website.

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 or development 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, mine development priorities, continued availability of capital and financing, and general economic, market or business conditions.

SOURCE: Scorpio Mining Corporation

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
Copyright (C) 2008 CNW Group. All rights reserved.
 
EAST ASIA MINERALS CORP
East Asia Minerals Continues to Extend Binebase-Bawone Gold Zone
3/25/2008
VANCOUVER, BRITISH COLUMBIA, Mar 25, 2008 (Marketwire via COMTEX News Network) --

East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to report that drilling in the northern extremity of the Binebase Prospect at the Sangihe Property, Indonesia, has extended the near-surface epithermal gold mineralization. Drill hole BID-17 cut 35.25 metres of oxide mineralization grading 0.68 g/t gold and 16.41 g/t silver from surface, including 4.0 metres at 4.00 g/t gold and 23.13 g/t silver. BID-18 cut 40.30 metres of oxide mineralization grading 0.64 g/t gold and 9.28 g/t silver from surface, including 8.0 metres at 1.20 g/t gold and 17.25 g/t silver, and 5.5 metres at 1.24 g/t gold and 6.66 g/t silver. The intercepts under-report the true composite grades due to 1.30 and 1.90 metres respectively of lost core being assigned zero value.

BID-17 also encountered 89.25 metres of 0.37 g/t gold and 8.29 g/t silver from surface, and 31.0 metres of 0.14 g/t gold and 1.29 g/t silver commencing at 96.0 metres. Similar mineralization occurs in BID-16 (108.00 metres of 0.36 g/t gold and 7.75 g/t silver) and may represent an economically significant gold halo to the higher grade material.

BID-17 was collared 100 metres north-northwest of BID-15, with a northwest azimuth to test the extension of significant oxide gold mineralization encountered in section BID-11/15. The hole also tested beneath an area of structurally related mineralization grading 2 to 4 g/t gold in channel samples taken from an area not previously drilled. Strong alteration was encountered, consisting of variable silica, alunite, illite, sulphide (pyrite) with quartz, sulphide stringers hosted in breccia and illite, silica +/- alunite, and sulphide overprinted by tectonic breccia. Drill hole BID-18 was collared 90 metres to the southeast along section of BID-17, with a northwest azimuth, and encountered similar alteration to BID-17. Section BID-17/18 is located at a topographically lower position than BID-11/15 and is interpreted to be the lower or footwall side of the better gold mineralized silica bodies, which may explain the lower gold assays. The results demonstrate that the Binebase mineralization extends further north than previously known.

"In addition to encountering near-surface gold in every hole at Binebase-Bawone, we are also beginning to recognize a substantial lower grade, but potentially significant halo to the high grade mineralization, as well as some discrete bonanza grade veins where we have encountered up to 20 g/t gold", stated Michael Hawkins, President and CEO of EAS. "These newly recognized types of gold mineralization are being reviewed for the potential to add significantly to the deposit model and economics. In addition, results for base metals in the Binebase area are indicating zonation that may be used to vector us towards a potential porphyry source to the epithermal mineralization."



Binebase drill assays to date (with gold equivalent)(i)
-------------------------------------------------------------------------
Drill From To Interval Gold Silver Gold Equiv.
Hole (m) (m) (m) (g/t) (g/t) (g/t)(i)
-------------------------------------------------------------------------
BID-11(ii) 0.00 45.00 45.00 1.28 50.51 2.18
-------------------------------------------------------------------------
BID-12 4.00 46.35 42.35 1.34 107.54 3.26
-------------------------------------------------------------------------
Including 8.00 33.00 25.00 2.03 159.96 4.89
-------------------------------------------------------------------------
BID-13 8.00 43.95 35.95 4.03 188.28 7.39
-------------------------------------------------------------------------
Including 9.00 31.00 22.00 5.74 121.64 7.91
-------------------------------------------------------------------------
BID-14 0.00 96.20 96.20 1.30 48.25 2.16
-------------------------------------------------------------------------
Including 3.00 45.00 42.00 2.67 86.38 4.21
-------------------------------------------------------------------------
BID-15(ii) 0.00 45.00 45.00 1.52 80.03 2.95
-------------------------------------------------------------------------
Including 12.35 28.50 16.15 2.12 90.16 3.73
-------------------------------------------------------------------------
BID-16(ii) 0.00 29.90 29.90 2.72 6.74 2.84
-------------------------------------------------------------------------
Including 5.60 20.60 15.00 4.70 1.92 4.73
-------------------------------------------------------------------------
Including 10.30 16.60 6.30 8.84 1.16 8.86
-------------------------------------------------------------------------
And 76.00 184.00 108.00 0.36 7.75 0.50
-------------------------------------------------------------------------
Including 112.00 113.00 1.00 20.60 58.00 21.64
-------------------------------------------------------------------------
BID-17(ii) 0.75 90.00 89.25 0.37 8.29 0.52
-------------------------------------------------------------------------
Including 0.75 36.00 35.25 0.68 16.41 0.97
-------------------------------------------------------------------------
Including 12.00 16.00 4.00 4.00 23.13 4.41
-------------------------------------------------------------------------
And 96.00 127.00 31.00 0.14 1.29 0.16
-------------------------------------------------------------------------
BID-18(ii) 0.00 40.30 40.30 0.64 9.28 0.81
-------------------------------------------------------------------------
Including 0.00 8.00 8.00 1.20 17.25 1.51
-------------------------------------------------------------------------
And 16.50 22.00 5.5 1.24 6.66 1.36
-------------------------------------------------------------------------
(i) The gold equivalent uses a silver to gold ratio of 56:1 based on
precious metal market prices, and assuming total recoveries of both metals.
(ii) BID-11, BID-15, BID-16, BID-17 and BID-18 under report the composite
grades due to 3.95, 3.90, 1.85, 1.30 and 1.90 metres respectively of lost
core being assigned a zero value.


Drilling will continue to test Binebase and Bawone, which remain open along strike in both directions and may be contiguous along the intervening 1.2 kilometres of strike. Drill hole BID-19 was collared 200 metres southeast along section of BID-18 with a southeast azimuth and is the closest Binebase hole drilled to date by the Company towards the Bawone Prospect, located 1.2 kilometres along strike to the southeast (refer to the Company's website at www.EAminerals.com for a plan view of drilling). Results are pending and will assist in understanding the relationship between these two near-surface epithermal gold prospects.

Induced Polarization

At Binebase preliminary induced polarization interpretations have confirmed the correlation of resistivity highs with outcropping surface silica breccia zones. These zones have returned very encouraging gold and silver assays from the Company's drilling to date. A recently mapped area of widespread silica breccia outcrops approximately 800 meters southeast of the Binebase drill area and has returned very encouraging induced polarization responses. Historic channel sampling indicates this area is anomalous in gold and silver.

At Bawone preliminary chargeability interpretations have extended the potential gold mineralization southeast from the main drill area. In addition, the interpretations have extended the potential gold mineralization to the southeast of the Brown Sugar Prospect (East Asia drill hole BOD-06 with 16.0 metres at 2.71 g/t gold and 33.2 g/t silver from 8.0 metres depth), and in a new area 200 metres to the south.

Samples reported were assayed at PT SGS Indoassay (SGS Group) in Balikpapan. Lionel Martin, P.Geo, the designated QP within the meaning of 43-101 has reviewed and approves the content of this release.

About East Asia Minerals Corporation

East Asia Minerals is an Asian-based, Canadian mineral exploration company with uranium, gold and copper exploration properties in Mongolia and Indonesia. The Company owns the Ingiin-Nars, Ulaan Nuur and Enger uranium properties and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper properties located in Aceh Province in Sumatra and North Sulawesi. East Asia currently has 55,645,372 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

Forward Looking Statements - This News Release contains forward looking information within the meaning of the Ontario Securities Act and the Alberta Securities Act, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with our expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including uranium, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of the Company. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

To receive or stop receiving EAS news via email, please email Info@EAminerals.com and state your preference in the subject line.

SOURCE: East Asia Minerals Corporation

East Asia Minerals Corporation Michael Hawkins President and CEO (778) 997-2183 (Vancouver) Email: Hawkins@EAminerals.com East Asia Minerals Corporation Nick Kohlmann Corporate Communications (416) 792-8734 (Toronto) Email: Kohlmann@EAminerals.com Website: www.EAminerals.com
Copyright (C) 2008 Marketwire. All rights reserved.
 
Scorpio - KLasse!!!!! :up:
legen gut auf zum Produktionsstart................
 
ZARUMA RESOURCES INC
Zaruma Resources: New Copper Assays Continue to Expand Mineralization at Luz del Cobre
3/25/2008
TORONTO, Mar 25, 2008 (Canada NewsWire via COMTEX News Network) --

Zaruma Resources Inc., (TSX-ZMR) is pleased to report that new results from drilling in the vicinity of Luz del Cobre, located in the Company's San Antonio project (Sonora, Mexico), continue to expand the copper mineralization of the Luz del Cobre ore body.

The first phase of the drill programme was completed in the Trion-Luz del Cobre area in December 2007, with very positive results on the southwest end of the Luz del Cobre ore body, and in a new discovery, Calvario, located roughly 200 metres to the northwest. A second phase of drilling to better define mineralization of the two areas began in January and was completed on February 28, 2008. Seven holes were drilled on the southwest end of Luz del Cobre and 22 holes at Calvario and between the two target areas, with a total of 2,996 metres drilled.

On the southwest end of Luz del Cobre complete assay results are available for new holes LUZ-08-55 through LUZ-08-61. Additional assay results have also been received for the 2007 holes LUZ-07-51 through LUZ-07-54, reported on January 14, 2008, now extending the mineralized intervals. Drill results for the southwest extension of Luz del Cobre are:


<<
-------------------------------------------------------------------------
Drill True
Section Drill ID From, m. To, m. Width, m. Copper
-------------------------------------------------------------------------
50 NW LUZ-07-51* 50.4 72.85 18.45 0.79%
-------------------------------------------------------------------------
50 NW LUZ-07-52* 45.8 75.83 30.03 0.63%
-------------------------------------------------------------------------
75 NW LUZ-07-53* 58.8 67.06 8.26 0.99%
-------------------------------------------------------------------------
0 NW LUZ-07-54 37.2 53.35 16.15 0.86%
-------------------------------------------------------------------------
50 NW LUZ-08-55(xx) 60.47 68 5.3 0.75%
-------------------------------------------------------------------------
50 NW LUZ-08-56(xx) no significant results; northeast limit
-------------------------------------------------------------------------
0 NW LUZ-08-57(xx) 50.22 54.86 3.8 0.70%
-------------------------------------------------------------------------
0 NW LUZ-08-58(xx) 42.67 52.05 8.1 0.64%
-------------------------------------------------------------------------
25 NW LUZ-08-59(xx) 48.77 53.37 3.8 0.61%
-------------------------------------------------------------------------
25 SE LUZ-08-60(xx) Abandoned in fault zone at 31 m.
-------------------------------------------------------------------------
100 NW LUZ-08-61(xx) 64.39 81.75 15.7 1.00%
-------------------------------------------------------------------------
* Indicates drill holes previously reported, with additional assay data
(xx)Indicates angle drill holes, with drill section indicating collar
location
>>

The new results have demonstrated continuation of mineralization along a north-south fault bounded block from the southwest end of Luz del Cobre. The mineralization remains open to the south, with the southernmost drill line containing potentially mineable copper mineralization over a width of around 100 metres.

At the Calvario target, complete results have been received for the first four holes of the second phase of work, which, along with the previously reported holes and the visual identification of copper and partial assay results in many of the unreported holes, strongly suggests that Calvario has the potential to add to the Luz del Cobre mineable resources. It also appears that the mineralization from Calvario, subject to confirmation by drilling, could join with that at Luz del Cobre.

Available assay results from Calvario are as follows, with the Drill Section data the same as for Luz del Cobre and the number indicating the metres to the northwest of the 0 baseline.


<<
-------------------------------------------------------------------------
Drill True
Section Drill ID From, m. To, m. Width, m. Copper
-------------------------------------------------------------------------
425 NW LUZ-08-62 57.6 68.2 9.2 0.38%
-------------------------------------------------------------------------
450 NW LUZ-08-63 no significant results
-------------------------------------------------------------------------
400 NW LUZ-08-64 56.2 70.1 9.8 0.94%
-------------------------------------------------------------------------
400 NW LUZ-08-65 36.85 73.15 31.4 0.61%
-------------------------------------------------------------------------
>>

Assay results for the remaining drill holes at Calvario are expected shortly, and will be reported as soon as possible. With the new data, a revised resource estimate for Luz del Cobre is planned in the second quarter of the year. It is expected that this will increase the ore reserves to be processed by the Luz del Cobre plant, currently under construction, and will extend the life of the mine beyond the estimated five to six years in the 2006 feasibility study. Production is planned at 15 million pounds of cathode copper per year from an open pit mining, heap leach, solvent extraction, electro-winning operation.

The drill results have expanded the copper mineralization at Calvario, with the limits of the body still largely undefined. The near surface oxide and supergene sulphide copper mineralization appears to occur as a blanket-type body of varying thickness, with the body currently partially tested for about 200 metres along a northwesterly axis and an open ended width of at least 100 metres.

Drilling has stopped with the completion of this planned programme. Additional drilling is anticipated in the fall, after the interpretation of all drill data, and will likely be done in conjunction with testing of additional exploration targets on the San Antonio property.

The drilling programme and evaluation is under the supervision of Geologist James E. Poulter, the "Qualified Person" as defined in NI 43-101, and is responsible for the technical information presented in this news release. Assays were prepared by Jacobs Assay Lab, Tucson, Arizona, from pulps prepared by Sonora Sample Preparations, Hermosillo, Mexico.

Zaruma Resources Inc. is listed on The Toronto and Frankfurt Stock Exchanges, (symbol: ZMR). Common shares outstanding: 115,937,247.

This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions, including securing additional funding to continue its development programmes.

SOURCE: Zaruma Resources Inc.

Zaruma Resources Inc., 20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada, Fax: (416) 367-3638, service@zaruma.com, www.zaruma.com; Dr. Thomas Utter, President and CEO, Tel.: 521 662 222 0063, 52 662 210 5650, thomas.utter@zaruma.com; Frank van de Water, CFO and Secretary, Tel.: (416) 869-0772, fvandewater@on.aibn.com
Copyright (C) 2008 CNW Group. All rights reserved.
 
Mar 25, 2008 09:00 ET

Starcore International Mines Ltd.: New Zone Discovered at San Martin Gold Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Starcore International Mines Ltd. (the "Company") (TSX:SAM) is pleased to announce that a new vein structure was recently encountered at the Company's San Martin Gold Mine in Queretaro, Mexico, while advancing the main decline. This new structure has been named the Guadalupe vein.

Where first intersected in the San Martin Ramp, cross-cuts were driven over the full width of the vein and in both directions. In one direction, a fault was encountered within a short distance, but the vein is otherwise open along strike. The mini-bulk sample resulting from the cross cuts tested 20 meters of strike length and produced 620 tonnes grading 3.42 g/t Au and 33 g/t Ag, at an average true width of 3.0 meters. There was approximately 10% dilution in this sample.

Nine underground diamond drill holes (LYSM-16 to 24) have tested the down dip and strike extension of the structure. Five of the holes intersected the vein, with the best intersections in holes LYSM-16, at 50m below the existing workings, LYSM-20, 200m northeast of LYSM-16, and hole LYSM-22 which was completed between the hole LYSM-16 and LYSM-20, the results from these holes are tabulated below.




--------------------------------------------------------------- Au Ag Length (mts) true width ----------- ------------- ----------DDH Number g/t from to mts---------------------------------------------------------------LYSM-16 intersection 1 7.9 38 122.2 126.9 3.2---------------------------------------------------------------LYSM-16 intersection 2 2.3 11 138.8 142.7 2.3---------------------------------------------------------------LYSM-17 intersection 1 8.5 182 152.0 152.8 0.4---------------------------------------------------------------LYSM-17 intersection 2 2.5 47 156.1 158.1 1.1---------------------------------------------------------------LYSM-18 intersection 1 0.5 4 89.3 95.7 6.6---------------------------------------------------------------LYSM-18 intersection 2 0.4 4 101.1 104.3 3.1---------------------------------------------------------------LYSM-19 .58 62 188.4 190.55 1.40---------------------------------------------------------------LYSM-20 7.94 100 199.5 204.4 2.10---------------------------------------------------------------LYSM-21 .51 4 204.8 209.25 1.80---------------------------------------------------------------LYSM-22 3.20 3 240.45 252.25 3.10---------------------------------------------------------------



After intersecting the structure in the ramp, holes 16 and 17 tested the down dip projections of the vein, while hole 18 tested the up projection of the Guadalupe vein.

Diamond drill hole LYSM-19 was located to investigate the structure some 200 meters northeast of the initial intersections. The hole was designed to intersect the structure at the same elevation as it was exposed in the ramp 7-012. Hole LYSM-19 failed to intersect the projection of the new structure, in this location the contact between the vein hosting limestone and a carbonaceous limestone horizon was intercepted. This contact could be a limit for the new structure but further work will be needed to determine the significance of this hole.

Hole LYSM-20 was located to intercept the structure 75 meters below hole 19 with excellent results of 2.1m (true thickness) grading 7.94 gpt Au and 100 gpt Ag. The entire 200m strike length represents a significant target for future reserve definition not previously known.

Hole LYSM-22 intersected the structure between the holes LYSM-16 and LYSM-20, at an even greater depth, 75m below the LYSM-20 intersection. This result helps to confirm both longitudinal continuity and potential depth continuity of the structure. In addition the structure remains open to the northeast and to even greater depths.

Holes DCSM-23 and 24 have tested the structure an additional 100m northeast of drillhole LYSM-20 projection. These two holes intersected the structure without economical values
 
Mar 25, 2008 09:00 ETMindoro Resources Ltd.: Update on Mindoro's Nickel Laterite Projects
EDMONTON, ALBERTA--(Marketwire - March 25, 2008) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT: WKN 906167) is pleased to provide an update on its nickel laterite projects. On the Agata North project, a Phase 2 drilling program is underway and 17 drill holes have been completed. The NI 43-101 resource report is nearing completion, and mine planning and permitting are well advanced. The annual production target for the Direct Shipping Ore (DSO) scenario has been revised upwards to one million wet metric tonnes per year. On the Agata South - Delta joint venture project, 186 drill holes have been completed to date. While initial plans are for DSO operations on both projects, due to the large tonnage potential of Mindoro's tenements, and evolution of attractive processing technologies applicable to Philippine ores, the company is actively evaluating enhanced-value, on-site processing alternatives. To this end, mini-bulk samples have been collected for pilot high-pressure acid-leach (HPAL) testing.

AGATA NORTH PROJECT

The independent engineering consultant's resource estimate for the initial starter DSO resource has been received and preparation of the National Instrument 43-101 report is nearing completion. Scoping studies have commenced. The 43-101 report will cover the area drilled to date in the Phase 1 drill program (134 drill holes), constituting about 15 percent of the interpreted nickel laterite mineralization at Agata North. This will be the resource basis for the initial DSO operation and will enable the related economic evaluation to be released. To establish the "global" resource for Agata North, a Phase 2 drill program is in progress and 17 drill holes have been completed to date. Assay results will be reported on a per-cross-section basis as received.

Mindoro is continuing to fast-track the DSO scenario for Agata North with the objective of achieving production in 2008, subject to receipt of all relevant permits. The bench level plans are in preparation for the detailed mine planning design and grade control blending purposes. Construction of the on-site accommodation for mine construction crews is now 60 percent complete. Mining fleet equipment inspection has been carried out, tender specifications have been competed, and bids will be called once relevant permits have been received. Permitting work is well advanced, and one of the key permits, the Environmental Compliance Certificate (ECC) has passed through initial approval stages and is now waiting final approval from the Secretary of the Department of Environment and Natural Resources (DENR).

As reported on March 13, 2007, the current objective on the Agata North project is to define a NI 43-101 compliant resource, initially adequate for three to five years of production at a rate of 500,000 to 700,000 wet metric tonnes (WMT) per annum of DSO material for the ferro-nickel markets of China, India and Korea. On the basis of strong buyer interest in the Agata material and ongoing results, this production target is herein revised to one million WMT per year.

The reader is cautioned that the nickel laterite mineralization at both the Agata North and South projects are currently exploration targets only. The company has not yet established mineral resources or mineral reserves that would support a commercial mining operation. There is no guarantee that future exploration will result in the discovery of mineral resources or that these resources, if delineated, will be economic or sufficient to support a commercial mining operation. Until a feasibility study has been completed there is no certainty that the company's projections will be economically viable.

AGATA SOUTH PROJECT - DELTA JOINT VENTURE

On August 23, 2007, Mindoro announced it had reached agreement with Delta Earthmoving Inc., an experienced nickel laterite mining contractor, to explore, and advance to production if warranted, the Agata South nickel laterite project. The agreement does not cover Agata North. A total of 186 drill holes and 2,248 meters have been drilled, covering 50 hectares, near the southern boundary. Assays have not yet been reported by Delta. Drilling is now transferring one to two kilometres north, within the Agata South area.

Mine planning for an initial DSO operation, to commence in conjunction with the Agata North Project is advancing. This gives Mindoro the opportunity to advance another nickel laterite prospect to production at no risk or cost and the potential to share in additional significant cash flow.

EXPANDED GLOBAL RESOURCE EVALUATION ON SURIGAO TENEMENTS

On February 26, 2008, Mindoro advised that reconnaissance geological mapping of its Surigao District tenements, north of its Agata Project, had greatly expanded their "global" nickel laterite resource potential. Mapping at Agata had previously outlined an area of potential nickel laterite mineralization covering approximately 600 hectares in the Agata North and Agata South Project areas, where resource delineation drilling programs are ongoing. Results of the regional mapping program indicate the potential for a further 1,650 hectares of nickel laterite mineralization on the adjacent Tapian Main, Tapian SF and Mat-I tenements, further reinforcing Mindoro's plans to evaluate the feasibility of establishing a local processing plant to maximize economic returns to all stakeholders (see map accompanying February 26, 2008, news release).

To rapidly assess the potential of this large area, a hand-auger reconnaissance sampling system has been developed to define laterite containing significant nickel values. Holes will be on wide-spacing, at 200 to 400 meter centers, and to relatively shallow depths of several meters (mostly within the upper limonite horizon). If significant nickel values are encountered, detailed resource drilling will follow using mechanical drill rigs. A suitable auger system has been developed and work has commenced. To date eleven holes have been competed.

ENHANCED VALUE, ON-SITE PROCESSING ALTERNATIVES - PILOT SAMPLE COLLECTION

Mindoro is actively evaluating enhanced-value, local processing alternatives for the Agata Project and its other Surigao tenements (see section in "About the Agata Nickel Laterite Project" below). One of these promising technologies is for a new generation of High Pressure Acid Leach (HPAL) plants. The new generation HPAL plants are being used by Sumitomo on its Philippine Coral Bay operation, where it recently announced a doubling of capacity at Coral Bay, as well as plans to construct a new HPAL plant in the Surigao District.

A 125 kilogram mini-bulk sample of limonite material (low nickel and high iron) grading 1.0-1.2% nickel and greater then 40% iron, and a 20 kilogram sample of saprolite material (high nickel and low iron) grading 1.50% nickel and under 20% iron have been collected for pilot high-pressure acid-leach (HPAL) testing. The samples will be sent to the pilot plant laboratory early next week.

ABOUT THE AGATA NICKEL LATERITE PROJECT

Direct Shipping Ore (DSO) Scenario

The Agata nickel laterite prospect is situated on the Agata Project, Surigao Gold District, northern Mindanao, Philippines. There are several nickel laterite mines already in production in the Surigao District, providing DSO to markets and processing plants in China, Japan, Korea and Australia. The geological extension of the Agata nickel laterite mineralization into an adjacent property, two kilometers south of Agata, is in production and product is being shipped to markets in China (see map accompanying the February 7, 2008, news release).

Mineralization grades and thicknesses encountered to date meet and exceed Mindoro's initial expectations and are in line with requirements for DSO ferro-nickel feedstock; demand for which remains strong, especially for material grading in excess of 1.2 percent nickel, which Mindoro anticipates will comprise the bulk of its material. Philippine nickel laterite ores generally have lower moisture, sulfur and phosphorous content than its competitors in New Caledonia and Indonesia. In particular, Agata has strong competitive advantages, with good grades, just two to three kilometers from tide water, with corresponding low haul distance and costs, and only two days shipping from China. Uniquely, DSO nickel laterite operations have a low-capital cost and offer a rapid route to production and cash-flow.

The current objective on the Agata North project is to define a NI 43-101 compliant resource adequate, initially, for three to five years of production at a rate of one million WMT per annum of direct shipping-grade material for the ferro-nickel markets of China, India and Korea. Mindoro has a target production date of the first half of 2008, subject to receiving all necessary permits.

Enhanced Value, On-Site Processing Alternatives

It is management's strong conviction that the real future for the Agata Project, and Mindoro's other Surigao tenements, is for the establishment of an enhanced value, on-site processing plant, and that there is excellent potential to outline sufficient resources to support this concept. Several attractive processing alternatives are emerging, which include: at the low technology end of the spectrum, constructing a blast or electric furnace for nickel pig iron production (low grade ferro-nickel product which is increasingly entrenching itself as a substitute for refined nickel in stainless steel production); heap leaching for which pilot testing on another Philippine laterite has produced promising results; and a new generation of High Pressure Acid Leach (HPAL) plants. The new generation HPAL plants are being used by Sumitomo on its Philippine Coral Bay operation. This HPAL technology has much lower capital costs and is far more efficient than HPAL operations previously attempted in Australia. Sumitomo recently announced a doubling of capacity at Coral Bay, and plans to construct a new HPAL plant in the Surigao District.

Mindoro sees abundant evidence that the Philippines is at the beginning of a trend for local/on-site processing of Philippine laterite ores and the growth of a large high-value industry in the Philippines.

To justify construction of an on-site processing plant, an adequate tonnage of material needs to be defined. Mindoro considers a threshold tonnage in the order of 50 million tonnes to be of potential interest. The Agata North nickel laterite mineralization covers approximately 340 hectares. A total of 151 drill holes have been completed to date within this area. The initial drill program covers less than 15 percent of the area of nickel laterite mineralization mapped to date at Agata North. On February 26, 2008, Mindoro released a revised global Exploration Target for Agata North as follows:

- Combined ferruginous overburden, limonite and saprolite horizons: 50 to 60 million wet metric tonnes (WMT) at a grade of 0.9 to 1.5 percent nickel and 28 to 32 percent iron.

The reader is cautioned that the potential quantity and grade of the Exploration Target described is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable.

This Exploration Target will form the basis for evaluating several attractive value-added local processing options, as noted above. Average thicknesses and grades encountered and a specific gravity of 1.20 and 1.50 grams per cubic centimeter were used for the limonite and saprolite ore respectively to arrive at the above Exploration Target. The Exploration Target does not include significant thicknesses of low-grade, partially lateritized saprolitic rock, grading in the 0.6 to 0.8 percent nickel range, that also has market potential. Nor does it include additional areas of nickel laterite mineralization on the Agata South Project, where Mindoro is in a joint venture with a Philippine mining contractor (Delta Earthmoving), nor does it include potential nickel laterite mineralization on other Mindoro tenements in the Surigao District.

Programs are carried out under the supervision of Tony Climie, P.Geol. president of Mindoro, who is a qualified person as defined by National Instrument 43-101. Sample preparation and assaying is being performed by McPhar Laboratory of Manila, an ISO 9001/2000 accredited laboratory. Ni, Co, Fe, MgO and Al2O3 assays are performed by AAS after an HCl-HNO3-HClO4 digest, and SiO2 by gravimetric method. Normal Quality Control and Quality Assurance procedures are being carried out, using a system of duplicate, standard and blank samples
 
Mar 25, 2008 09:30 ETOro Silver Drills 8.2 g/t Au and 89 g/t Ag Over 2.6 Metres; Extends the Adit Zone at El Compas Mine, Zacatecas, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR) is pleased to report encouraging results from its drilling program at its El Compas Mine property in Zacatecas, Mexico. The drilling confirms and expands the gold and silver continuity of the El Compas Adit zone.

Drill holes 08COM008 and 011 establish a depth extension to at least 60 metres below the underground workings on two, parallel gold and silver-bearing veins that constitute the Adit Zone:




-------------------------------------------------------------------- From To Interval True Width Au AgDrill Hole (m) (m) (m) (m) (g/t) (g/t)--------------------------------------------------------------------08COM008 86.00 94.40 8.40 6.13 2.95 167.0-------------------------------------------------------------------- including 86.00 88.90 2.90 2.12 3.56 260.0-------------------------------------------------------------------- and 91.36 94.40 3.04 2.22 4.60 193.0--------------------------------------------------------------------
--------------------------------------------------------------------08COM011 59.00 74.35 15.35 11.21 2.67 33.2-------------------------------------------------------------------- including 59.51 61.95 2.56 1.89 8.19 89.4-------------------------------------------------------------------- and 71.79 74.35 2.44 1.78 6.47 48.2--------------------------------------------------------------------



Nine additional drill holes, for which assay results are pending, intersected mineralized quartz veins up to 8.25 metres wide. These holes suggest the potential for expanding the current dimensions of the Adit Zone to more than 200 metres in length and to a depth of at least 125 metres.

"We have successfully completed the 5,000 m drill program at El Compas and expect to add significant value to the property based on extending the El Compas ore chute at depth and discovering another significant parallel vein structure (El Orito), which has similar characteristics and potential to El Compas," stated Herve Thiboutot, Vice-President Exploration & Development of Oro Silver.

The longitudinal section (which can viewed in the company's website) shows the location of Oro Silver's current drill holes. All intervals are down-hole lengths.

To view the El Compas Project map please click on the following link: http://media3.marketwire.com/docs/elcompas.pdf.

Quality control

Oro Silver maintains strict quality control programs. All samples were submitted directly to Inspectorate de Mexico, S.A de C.V., for preparation in Durango, Mexico, and analysis in Reno, Nevada. Analysis was conducted on 2 assay ton samples, with standards and blanks inserted every 30 samples. Analysis of Au was by fire assay, with a gravimetric finish on samples exceeding 3 g/t Au. Analysis of Ag was by atomic absorption, with a gravimetric finish on samples exceeding 200 g/t Ag. Triple acid digestion was used on all samples.

About Oro Silver

Oro Silver is a silver exploration company pursuing early and advanced stage silver-based opportunities primarily in the western hemisphere. The company is focused on (i) developing resources and optimizing mining processes at its El Compas and Vetagrande Mine projects in Zacatecas, Mexico, and (ii) completing additional strategic acquisitions. Oro Silver's strategy is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources that exhibit potential for expansion.

ON BEHALF OF THE BOARD OF DIRECTORS,

Gregory Cox, President and CEO
 
Mar 25, 2008 09:10 ET
First Majestic Silver Corp.: Closing of $45,475,000 Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

First Majestic Silver Corp. ("First Majestic" or the "Company") (TSX:FR)(PINK SHEETS:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ) is pleased to announce the successful completion today of the offering announced on March 5, 2008. A syndicate of underwriters led by CIBC World Markets Inc. and including Blackmont Capital Inc., Cormark Securities Inc. and GMP Securities L.P., have purchased 8,500,000 Units ("Units") from First Majestic at an issue price of $5.35 per Unit (the "Offering"). Each Unit consists of one common share (a "Common Share") in the capital of First Majestic and one-half of one Common Share purchase warrant. Each whole Common Share purchase warrant (a "Warrant") entitles the holder to acquire one additional Common Share at a price of $7.00 for a period of 24 months from the closing of the Offering. The underwriters have an option, exercisable up until 30 days following closing of the offering, to purchase up to an additional 1,275,000 Common Shares (the "Option Shares") at a price of $5.07 per Option Share and up to an additional 637,500 Warrants at a price of $0.56 per Warrant.

The Company plans to use the net proceeds of the offering for mill expansion plans to increase the company's production capacities going forward, ongoing development and exploration programs presently underway, and for general working capital.

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its corporate growth objectives.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of First Majestic Silver Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
 
paar weitere Brocken

Mexivada
Sparton
Vangold
Probe Mines
Southern Arc

ins Langfristdepot, alles in D
 
bei Vangold koennte sich demnaechst was tun, da scheint es bei den Afrika-Aktivitaeten demnaechst voranzugehen,

angeblich wird im April endlich ein Kontrakt mit einem Driller fuer Kafunzo (Ni) unterzeichnet und in Ruanda (Oel) kommt angeblich auch was positives, alles 3rd hand info ohne Garantie!
 
:scratch: in der momentane Marktverfassung werden News aus diesen Liegenschaften zum großen Teil völlig ignoriert (leider) - Afrika ist im Moment wohl am "outesten" bei den Anlegern......

nichtdestotrotz hat man im Moment die Möglichkeit sehr gute Juniors/Explorer/Produzenten zu wahrhaft günstigen Preisen zu kaufen........
BytheWay - habe mir die Tage einige Rancher Energy ins Depot gelegt und bin eigentlich ganz angetan von deren Geschäft - wie sehen meine geschätzten Kollegen hier det janze?
Fischlaender schrieb am 25.03.2008 schrieb am
bei Vangold koennte sich demnaechst was tun, da scheint es bei den Afrika-Aktivitaeten demnaechst voranzugehen,

angeblich wird im April endlich ein Kontrakt mit einem Driller fuer Kafunzo (Ni) unterzeichnet und in Ruanda (Oel) kommt angeblich auch was positives, alles 3rd hand info ohne Garantie!
Zum Vergrößern anklicken....
 
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