VANCOUVER, BRITISH COLUMBIA, Apr 1, 2008 (Marketwire via COMTEX News Network) --
Starcore International Mines Ltd. (the "Company") (TSX:SAM) is pleased to announce additional exploration data on the recently discovered Guadalupe vein.
Exploration drifting to date on the Guadalupe vein has extracted 3,040 tonnes, the majority of which has been sent to the mill. During February, a total of 1,760 tonnes, grading 3.76 g/t Au and 22 g/t Ag were broken and 2,140 tonnes, grading 3.26 g/t Au and 23 g/t Ag, were milled.
The majority of the mined material is from the 9 1/2 level where the vein width averages 2.2 meters.
The advancing decline has provided a third access to this vein. Below the 9 1/2 level, an exploration drift has advanced 9 meters on the structure, and has extracted 260 tonnes grading 2.14 g/t Au and 7 g/t Ag, with a vein width of 1.2 meters. Drifting is continuing.
Nine underground diamond drill holes (SM - 16 to - 24) have tested the down dip and strike extension of the structure. Four holes intersected the vein with economical values, as reported in the Company's news release dated March 25, 2008. A new diamond drilling station has recently been completed and drilling will commence within the next month.
Based on the data that had been collected prior to January 1, 2008, a probable reserve of 84,978 tonnes, grading 4.88 g/t Au and 34 g/t Ag, or 13,334 oz of gold and 92,900 oz of silver was estimated for the Guadalupe structure.
Robert Eadie, President and CEO of the Company stated, "We are pleased with the recent results from the Guadalupe vein and the efforts of the exploration team to process higher grades at the mill."
The cross sections and three dimensional models can be viewed at the Company's website at www.starcore.com.
The technical content of this release has been reviewed by Starcore director Gary Hawthorn, P.Eng., who is a Qualified Person as defined by NI43-101.
Starcore is dedicated to the principles of environmentally sound mining practices and believes that environmental stewardship and mining can co-exist. Details on the Company and its properties are available on SEDAR at www.sedar.com and the Company's website at www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Robert Eadie, Chief Executive Officer and Director