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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

Starcore International Mines Ltd. is engaged in precious metals production with focus on Mexico. The Company is engaged in extracting and processing gold and silver in Mexico through the San Martin mine in Queretaro, Mexico. The San Martin mine is located about 47 about kilometers (km) in straight line, northeast of Queretaro City, Queretaro State, on local road No.100 and about 250 km northwest of Mexico City, near the towns of Bernal, Tequisquiapan and Ezequiel Montes. The San Martin mine complex consists of eight mining claims that cover 12,991.7805 hectares (ha). Its Kimourko Gold Project is located in the Lac region of central Ivory Coast, about 40 km south of the capital, Yamoussoukro. Its other projects include the El Creston Project, the Opodepe Project, and the Ajax Project. The El Creston molybdenum property is located in the State of Sonora, Mexico. The Ajax Molybdenum Property consists of about 11,718 ha and is located 13 km north of Alice Arm, British Columbia.


TSX:SAM - Post by User

Post by TheRock07on Jul 13, 2016 7:37am
186 Views
Post# 25047328

News...SAM drills Elephant Prospect in Nevada

News...SAM drills Elephant Prospect in Nevada

2016-07-13 06:27 ET - News Release

 

Mr. Robert Eadie reports

EXPLORATION DRILLING COMMENCES AT STARCORE'S TOIYABE GOLD PROJECT, NEVADA

Starcore International Mines Ltd. has commenced drilling on its Toiyabe project, located 10 kilometres south of the Cortez Hills mine in northeastern Nevada. Reverse Circulation (RC) drilling began on May 24, 2016 and core drilling on June 20th, 2016. To date, six RC holes have been completed including two pre-collar holes for core drilling. The core rig is drilling its first hole. Total footage drilled to date is 1,482 meters. Geochemical results are pending.

The drilling program will target Pipeline/Cortez Hills/Gold Rush style gold mineralization associated with CSMT resistivity highs, extensions of deep gold intercepts on Section 900 North associated with the 805 Fault, extensions of the near surface resource associated with the Courtney A and B faults, and gold anomalies associated with surface sampling or historic drilling. Previous drilling of the 805 Fault included T-0902C which averaged 3.62 g/t over 9.0 meters true width from 267 to 282 meters. Included within this interval is 0.9 meters true width of 16.19 g/t. The 2016 program will consist of 5,486 meters of RC and 1,219 meters of core drilling in 23 holes.

All RC drilling samples are collected in 1.5-meter intervals, logged and securely shipped to ALS Chemex Labs Inc. in Reno, Nevada to be analyzed for gold and silver by fire assay. A second sample split is kept on site for possible re-testing or future metallurgy. Standards and blanks are included with the sample submittals and numerous repeat assays conducted. The core is logged, sample intervals marked on the core either in five-foot lengths or geologic/structural breaks, sawed and half core assayed the same as the RC procedure mentioned above.

Richard Kern, Certified Professional Geologist (#11494) is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.

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