Scorpio Mining Announces Increased Mineral Resources and Contained Metals at San Rafael

TRADING SYMBOL: TSX:SPM

Scorpio Mining Corporation (TSX:SPM) ("Scorpio Mining" or the "Company") today announced an independent updated Mineral Resource estimate for its 100% owned San Rafael Development Project in Sinaloa State, Mexico completed by Mine Development Associates of Reno, Nevada ("MDA").

Peter J. Hawley, Scorpio's Interim CEO commented: "The solid increase in the resource and upgraded categories of the San Rafael deposit acquired in the Platte River acquisition puts another development project in the pipeline for the Company's growth. Along with completed geotechnical studies and land access agreements, the new resources have moved this project closer to the development stage.  San Rafael will enhance the Company's future, including the potential to develop a second processing operation in the Cosalá district."

Published: 01 October 2012
Written by Editor
TSX   Mining   Project Updates   Up on News   Interesting News  
Read more: Scorpio Mining Corporation ( SPM )

Oromin Increases Indicated Gold Resources to 3.78 Million Ounces and Inferred Gold Ounces to 0.96 Million Ounces at the OJVG Gold Project

 
Oromin Explorations Ltd. (TSX:OLE)(OTCBB:OLEPF) -
  • Indicated Gold Resources have increased by 1.24 million ounces (49%) since the positive 2010 Feasibility Study, including increases to:

Eagle Hill Intersects 10.59 g/t Gold Over 24.0 Meters and Expands Near Surface Gold Mineralization

 Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to release new assay results from its current drill program targeting the extensions of the Windfall Lake Gold Deposit in Northwestern Quebec. These results are part of an ongoing drill program designed to expand the size of the mineral resource estimate published in July 2012 that contained 538,000 ounces in the indicated category and 822,000 ounces in the inferred category.

This part of the drilling program is designed to expand the size of the thick, near surface, rich gold mineralization sitting within the first 100 meters from surface and referred to as the Zone 27 Upper Extension.

Published: 27 September 2012
Written by Editor
TSX Venture   Mining   Drill Results   Interesting News  
Read more: Eagle Hill Exploration Corporation ( EAG )

Dalradian Resources Intersects 2.22m Grading 14.07g/t Au and 1.47m Grading 23.62g/t Au in 1700 Metre Step-out Hole East of Curraghinalt

Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA)(OTCQX:DRLDF) has received final assays from hole 12-CT-162, which was drilled to test a geochemical anomaly from a recently released survey. The hole is located approximately 1700 metres along trend from the Company's wholly owned Curraghinalt deposit in Northern Ireland.

CEO, Patrick F.N. Anderson commented, "It looks like the time, cost and effort we put into completing our recent trend-scale geochemical survey was well spent. Our first hole of the anomaly drilling program has come back a zinger."

Published: 27 September 2012
Written by Editor
TSX   Mining   Drill Results   Up on News   Interesting News  
Read more: Dalradian Resources Inc ( DNA )

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 27, 2012) - Cypress Development Corp. (TSX VENTURE:CYP) (PINKSHEETS:CYDVF) is pleased to announced the staking of 16 additional lode mining claims (approx. 350 acres) covering the north strike extension of carbonate hosted, high-grade zinc and silver mineralization found at the Company's 100% owned 2400 acre Gunman Project. The Gunman project is located between the prolific Carlin and Battle Mountain trends in White Pine County, Nevada.

Gunman zinc-silver project location map: http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/nevada.gif

The staked ground was previously held by Barrick Gold Corporation as part of a large land package covering their Bald Mountain gold mine, also located in White Pine County. Barrick, and previously Placer Dome, had held the ground since 2007.

Published: 26 September 2012
Written by 98 Corporate Group
Read more: Cypress Development Stakes Additional Claims for Gunman Zinc-Silver Project in Nevada
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