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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

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.


TSX:SAM - Post by User

Comment by gpwildon May 16, 2022 8:48pm
91 Views
Post# 34687913

RE:POTENTIAL JOINT VENTURE INCOMING !

RE:POTENTIAL JOINT VENTURE INCOMING !Doesn't a 500K exploration budget on El Creston seem kinda small? Drilling/Exploration is really expensive and your not going to buy too many holes with that. I was expecting more.

The press release states that the El Creston focus will be on finding and expanding the copper resource. I'm assuming that they are not going forward with developing  a gold/silver resource after the underwhelming drill results from last year. (very low grades)

It will be interesting to see if this California JV sounds any good if it closes and we see some details. The 500K could be a cash component in addition to equity in Starcore if it's a decent asset. 
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