Wednesday, May 11, 2016 4:21:55 PM
May 11, 2016
Starcore Drills 10.25 metres of 65.17 g/t Au and 128.26 g/t Ag
Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces that it has completed drill hole 31-79 in area 31 at its San Martin Mine in Queretaro, Mexico. This hole intercepted a zone of limestone breccia followed by manto mineralization. High grade manto mineralization with visible gold was recovered between 48.65 and 58.9 meters. The weighted average grade of this 10.25 meter wide intercept is 65.17 g/t gold with 128.26 g/t silver. Prior to the high grade intercept the limestone breccia contained elevated silver values over 10 meters including a 2 meter section grading 1.60 g/t Au and 105 g/t Ag between 42.25 and 44.25 meters.
The intercept is within 15 meters of existing workings. Mining crews are expected to arrive at this drill hole intercept some time this week in order to evaluate the dimensions of the mineralization.
Drill core is assayed on site in a laboratory that successfully reconciles doré and plant samples. Assay values within the intercept have not been cut. Within this intersection, 7 of the 13 samples graded over 25 grams per tonne gold and numerous pieces of core were seen to contain visible gold. The manto mineralization at San Martin has produced samples of this grade in the past.
“This is the best drill hole in our history at the mine”, said Robert Eadie, President and CEO of Starcore.
The Company also reports production results at the San Martin Mine for the fiscal 2016 third quarter, ending April 30, 2016.
During Q3, a total of 74,070 tonnes were milled at an average grade of 1.66 g/t gold and 13 g/t silver resulting in the production of 3,476 gold equivalent ounces. Mill recoveries averaged 83.5% for gold and 46.9% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 79:1 during the quarter.
The depletion of the 6-101 stope in January of 2016 resulted in difficulties in February meeting production targets; however, the development of the 6-112 stope has enabled the mine to return to profitability during March and April.
David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company’s qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.
Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935
The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy
or accuracy of this press release.
Recent SAM News
- Dogfish Head Cocktails Expands Award-Winning Lineup of Spirits-Based, Ready-to-Drink Cocktails with New Strawberry Lime Tequila Margarita • GlobeNewswire Inc. • 05/01/2024 03:26:31 PM
- Dogfish Head Craft Brewery Unveils New Beer Packaging Artwork & Announces the Return of its Fan-Favorite 120 Minute IPA • GlobeNewswire Inc. • 04/26/2024 02:31:27 PM
- SAMUEL ADAMS TAPPED AS THE OFFICIAL BEER AND NON-ALCOHOLIC BEER OF THE PAN-MASS CHALLENGE • GlobeNewswire Inc. • 04/26/2024 01:03:59 PM
- Exxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings • IH Market News • 04/26/2024 11:47:51 AM
- Boston Beer Reports First Quarter Financial Results • GlobeNewswire Inc. • 04/25/2024 08:15:00 PM
- The Boston Beer Company Debuts First-of-its-Kind Non-Alc Beverage, General Admission, Available Now via Direct-to-Consumer Shipping • GlobeNewswire Inc. • 04/19/2024 05:13:56 PM
- Dogfish Head Expands Distribution of Spirits-Based RTD Cocktails to Western Canada • GlobeNewswire Inc. • 04/16/2024 06:59:47 PM
- TeaPot Releases New 'Good Evening Iced Tea' in Blackberry Rooibos • PR Newswire (US) • 04/15/2024 01:00:00 PM
- Jim Beam Kentucky Coolers Welcomes Fresh Wave of Flavor with Four New Varieties • GlobeNewswire Inc. • 04/09/2024 01:15:00 PM
- CHEATER PANTS • GlobeNewswire Inc. • 04/02/2024 01:05:00 PM
- Samuel Adams Brewing the American Dream® Announces Funkytown Collaboration Brew as Applications Open for the 13th Brewing & Business Experienceship • GlobeNewswire Inc. • 03/28/2024 07:35:21 PM
- Dogfish Head Craft Brewery to Launch Sippin’ & Flippin’ Giveaway, Winner to Receive All-Expenses Paid Trip to a Concert of Their Choice • GlobeNewswire Inc. • 03/21/2024 03:21:26 PM
- TRULY® HARD SELTZER BRINGS GOOD VIBES TO NEW HEIGHTS WITH THE NATIONAL LAUNCH OF TRULY® TEQUILA SODA • GlobeNewswire Inc. • 03/20/2024 01:00:00 PM
- The Boston Beer Company Launches Latest Innovation: Sun Cruiser Iced Tea & Vodka; Gives One Lucky Fan the Chance To “Cruise the Sun” During Upcoming Solar Eclipse from a Hot Air Balloon • GlobeNewswire Inc. • 03/13/2024 03:46:28 PM
- The Boston Beer Company Launches Latest Innovation: Sun Cruiser Iced Tea & Vodka; Gives One Lucky Fan the Chance To “Cruise the Sun” During Upcoming Solar Eclipse from a Hot Air Balloon • GlobeNewswire Inc. • 03/13/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:07:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:07:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:06:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:05:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:04:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:03:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:03:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:02:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:01:46 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/01/2024 09:34:26 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM