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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 tovitekovichon Oct 21, 2022 3:30pm
182 Views
Post# 35039828

DEEP VALUE OF STARCORE INTERNATIONAL MINES

DEEP VALUE OF STARCORE INTERNATIONAL MINES

FINANCIALS

Current marketcap: $9,100,000 CAD

Current cash position: $8,000,000 CAD

Current Debt: Nil

Outstanding shares fully diluted: 58,646,851

 

PROPERTIES AND LANDHOLDINGS

Total landholdings: 29160 hectare or 112.58 square miles

 

SAN MARTIN PROPERTY

Landholding: 12991 hectare

Current status: Producing

Metals: Gold & Silver

Production numbers: 11,000+ equivalent gold ounces / year & 80,000+ equivalent silver ounces/ year

Potential: Production + Exploration upside

 

EL CRESTON PROPERTY / OPODEPE PROJECT

Landholding: 14,451 hectare

Current status: Exploration

Metals: Molbdenum, Copper, Gold & Silver

Exploration numbers: 335+ million pounds of molybdenum and 280+ million pounds of copper in the measured and indicated category

Potential: Exploration upside.  Copper porphry at depth + Gold & Silver potential on the property

 

AJAX PROPERTY

Landholding: 1718 hectare

Current status: Exploration

Metals: Molybdenum

Exploration numbers: 98+ million pounds of molybdenum in the indicated category and 649+ million pounds in the inferred category

Potential: Exploration upside. During a recent field work program rock samples assayed up to 4.1 g/t silver, 0.23% copper, greater than 100 g/t tungsten and 794 g/t cobalt.

 

OTHER

Starcore has an significant shareholding in an external exploration company 4,100,000 shares or 8.85% of the company which is currently valued at $328,000 CAD

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