shares in this article
Starcore International Mines Ltd.: Starcore Announces Fourth Quarter Production Results
May 9, 2022 – Vancouver, BC – Starcore International Mines Ltd. (TSX: SAM) (Starcore or the Company) announces production results for the fourth fiscal quarter ended April 30, 2022 at its San Martin Mine (San Martin) in Queretaro, Mexico. Production this quarter was higher than previous quarters, but more importantly, we had more stable production due to the consolidation of exploration work completed this year that resulted in new higher-grade reserves, explained Salvador Garcia, the Company’s Chief Operating Officer . This has further solidified our primary goal of profitable production of ounces from all areas of the mine.
The unexplored area of the San Martin vein, mentioned in the press release dated February 17, 2022 for Q3 production results, was a major contributor to the strong results for this quarter. The preparation and development of this vein during the quarter allowed us to commence mining and the ore grade has been better than expected. The development work is ongoing.
Another important area of the mine is the east part of the mine where we have completed positive drill holes over the last year. Development of this area is now complete and we are beginning preparation and mining of the vein, further commented Salvador Garcia.
Production in San Q4 Q3 change YTD YTD 2021 change
Martin 2022 2022 2022 y/y
Q/Q
Ground Ore (Clay55,378 56,712-2% 224,438 225,504 0%
no
n)
Ounces 2,900 2,588 12% 11,165 11,797 -5%
gold equivalent
Gold grade (grams/T1.65 1.46 13% 1.58 1.63 -3%
on
no)
Silver content (grams27.15 21.13 28% 22.99 24.71 -7%
/Volume
no)
Gold recovery (%) 88.64 88.07 1% 88.22 88.39 0%
Silver recovery (%) 52.26 45.83 14% 51.37 56.09 -10%
Gold:Silver Ratio 78.23 77.92 75.04 78.28
nope
Salvador Garcia, B.Eng., a Director and Chief Operating Officer of the Company, is the Company’s Qualified Person for the project as defined by NI 43-101 and prepared the technical information in this news release.
About Starcore
Starcore International Mines is focused on the production of precious metals with focus and experience in Mexico. These production assets are complemented by exploration and development projects throughout North America. The company is a leader in corporate social responsibility and is committed to making value-based decisions that increase shareholder value over the long term. For more information, please visit the investor-friendly website: www.starcore.com.
FOR STARCORE INTERNATIONAL MINES LTD.
signed Robert Eadie—–
Robert Eadie, Chief Executive Officer
FOR MORE INFORMATION, CONTACT:
Robert Eadie
Phone: (604) 602-4935 ext. 205
Toll-free number: 1-866-602-4935
Email: [email protected]
The Toronto Stock Exchange has not reviewed this press release and accepts no responsibility for its accuracy or adequacy.
The source language (usually English) in which the original text is published is the official, authorized and legal version. This translation is included for better understanding. The German-language version can be shortened or summarized. No responsibility or liability is accepted for the content, correctness, adequacy or accuracy of this translation. From the translator’s point of view, the report does not constitute a buy or sell recommendation! Please note the original English notification on www.sedar.com, www.sec.gov, www.asx.com.au/ or on the company website!
The original English message can be found under the following link:
https://www.irw-press.at/press_html.aspx?messageID=65678
The translated message can be found under the following link:
https://www.irw-press.at/press_html.aspx?messageID=65678&tr=1
NEWSLETTER REGISTRATION:
The latest press releases from this company straight to your inbox:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA85525T2020
Announcement transmitted by IRW-Press.com. The sender is responsible for the content.
Reprint permitted free of charge provided the source is acknowledged.
Leverage must be between 2 and 20
No data