News - Tuesday, November 15, 2011
Scorpio Mining Appoints James M. Stonehouse as Vice President of Exploration
Toronto, December 15, 2011 - Scorpio Mining Corporation (TSX: SPM) ("Scorpio" or the "Corporation") has appointed James M. Stonehouse as the Corporation's Vice President of Exploration, based in Mexico, effective January 3, 2012.
Mr. Stonehouse holds an M.A. in Geology from Dartmouth College, Hanover, New Hampshire. He is a professional and highly skilled geologist with over 30 years of experience in exploration, primarily focused in the Americas and on precious and base metal deposits. He is fluent in Spanish and has successfully led multiple teams through grass roots exploration to discovery stage, resource evaluation, feasibility study and development. His ability to recognize and re-evaluate geological settings and design successful exploration programs has resulted in significant discoveries that have increased resources and added satellite ore deposits to existing operations. Mr. Stonehouse is experienced in managing all aspects of exploration and resource development, including turnaround projects that brought sub-valued assets to economic status and production.
Mr. Stonehouse is a registered member of SME and a registered Geoscientist in the State of California, and is a Qualified Person as defined by National Instrument 43-101.
Parviz Farsangi, President and CEO of the Corporation, commented: "We are delighted to have James as part our dedicated team as Scorpio moves forward with its plans for growth. His extensive experience and expertise will be of great value to the Corporation as we continue to explore, develop and expand our portfolio of projects in the Cosalá and Parral Districts of Mexico.
About Us
Scorpio Mining Corporation is a silver producer operating in Mexico with significant base metal by-product credits. The 100%-owned Nuestra Senora Mine and plant located in the Cosalá district of Sinaloa State, Mexico, has proven to be a low-cost operation with the benefit of flexible mining methods and diversified metal production. It boasts a fully mechanized underground operation and a processing facility built for expansion to 4,000 tonnes per day. The plant produces zinc, copper and lead concentrates; with a significant silver component in the copper and lead concentrates. In addition, the company has over 40 exploration targets mostly in the vicinity of its current operations. The Corporation also holds a 100% interest in the prospective La Revancha silver and Tepozán silver-gold projects in the Parral District of Chihuahua State, Mexico.The Corporation's strategy focuses on exploring and developing its existing mineral properties.
ON BEHALF OF SCORPIO MINING CORPORATION
Parviz Farsangi
President & CEO
We claim free harbour.
For further information contact:
Victoria Vargas, Vice President Investor Relations and Corporate Communications +1 416-585-2200
Email: vvargas@scorpiomining.com
Rich Kaiser, YES International: 1-800-631-8127; 001-757-306-6090 (outside North America)
Email: rkaiser@scorpiomining.com
Website: www.scorpiomining.com
