Starcore International Mines Ltd T.SAM

Alternate Symbol(s): SHVLF

Metals & Mining Gold

Starcore International Mines Ltd. is a Canada-based company, which is engaged in exploring, extracting, and processing gold and silver. The Company through its wholly owned subsidiary, Compania Minera Pena de Bernal, S.A. de C.V. (Bernal), which owns the San Martin mine in Queretaro, Mexico. It is also engaged in acquiring mining related operating assets and exploration assets in North America. Its San Martin mine is located approximately 50 kilometers (km) east of the City of Queretaro, Mexico, and consists of mining concessions covering approximately 13,077 hectares (ha), which includes seven underground mining units and four units under exploration. Its Ajax Molybdenum property, approximately 1,718 hectares in size, hosts the Ajax Porphyry Molybdenum Deposit. Its Opodepe project consists of the Teocuitla and El Creston properties. Its El Creston molybdenum property is located in the State of Sonora, Mexico. Its Toiyabe Gold Project is located in Lander County, Nevada, United States.

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Starcore International Mines Ltd

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Post by tovitekovichon Apr 06, 2022 3:18pm

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Post# 34581687

Exploration update - San Martin Mine + Opodepe Project

Vancouver, British Columbia--(Newsfile Corp. - April 6, 2022) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or "the Company") is pleased to provide this update on the diamond drilling exploration work in San Martin Mine and Opodepe, Sonora, Mexico. The update for San Martin covers the exploration work done last year, and for the Opodepe Project, the update covers the exploration work started in October 2021 to the present day.

San Martin Mine in Queretaro, Mexico

A total of 9,410 meters were drilled in 2021 until the end of March, 2022 which focused on two areas of the mine: the first focusing on the northwest part of the operating mine, and the second searching for the extension of the orebodies of high - grade discovered during the 30 years of the mine's life.

DRILLING HIGHLIGHTS - BDD AREA 33

#8 - DC3221-10; 3.00 m @	7.36 g/t Au	28 g/t Ag
#10 - DC3221-11; 8.00 m @	2.21 g/t Au	26 g/t Ag
#12 - DC3221 - 12; 0.50 m @	16.27 g/t Au	7 g/t Ag
#16 - DC3221 - 15; 0.60 m @	12.20 g/t Au	10 g/t Ag

See Figure 1.

FIGURE 1. BDD AREA 33

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4479/119433_b6c60bfc94dd895c_001full.jpg

This other area is in the eastern part of the operating mine. See Figure 2.

DRILLING HIGHLIGHTS BDD AREA 28

#2 - DC2820 - 214; 2.40 m @	2.14 g/t Au	57 g/t Ag
#3- DC2820 - 215; 2.95 m @	2.42 g/t Au	21 g/t Ag
#4 - DC2820 - 217; 2.15 m @	8.08 g/t Au	15g/t Ag

FIGURE 2. BDD AREA 28

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4479/119433_b6c60bfc94dd895c_002full.jpg

This new vein was discovered last year with 4 DD holes and the development works continue. This new vein is related to a vein discovered more than 15 years ago through a hole located 500 meters far away. Exploration continues with the development of drilling stations along the projection vein.

Opodepe Project in Sonora, Mexico

A total of 3,289.6 m has been drilled in 25 short holes. The first stage of drilling focused on the upper part of the veins of the zone and has been considered as recognition drilling. However, in this year 2022, the drilling is focused on the zone of the veins which the geologists have considered as favorable zones to find economic reserves. These holes will be longer than the first stage including two new veins, MIDAS and El ORO, both in the Teocuitla concession recently acquired by Starcore. See Figure 3.

DRILLING HIGHLIGHTS