Starcore International Mines Ltd.TSX:SAM

As a growth-oriented mining company, Starcore is focused on continued mineral production and development at our San Martin Mine, while aiming to identify, acquire, and develop additional high-quality gold and silver properties. Starcore intends to remain a leader in the Mexican mining industry by combining an unwavering commitment to social and environmental stewardship with a proven mineral production and exploration model. With significant claim holdings totaling 12,992 hectares, San Martin maintains strong operating reserves in addition to excellent exploration potential.



 

San Martin Mine

The flagship property of Starcore International Mines is the San Martin gold and silver mine. The mine has been in operation since 1993 at 350tpd and currently operates at 850tpd. The mine was acquired by Starcore in February of 2008 from Goldcorp who had acquired the asset through the takeover of Wheaton River. The mine is an underground epithermal deposit with gold quartz based limestone and has an average gold grade of 2.31 grams and 18 grams of silver ( NI 43-101 2014 Dave Gunning, Joe Campbell). The historical production of the mine is over half a million ounces and the mine sits on 100% owned land package of 12,992 hectares, which offers the upside of exploration and the possibility of discovering the source of the current mineralization.

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Toiyabe Project

The Toiyabe Project is located approximately 78 miles south-southwest of Elko, Nevada and is located only six miles south of Barrick's Cortez Hills gold discovery. Other recent nearby discoveries include the ET Blue project 6 miles east and Red Hill about 10 miles east. Each of these discoveries are currently under development by Barrick, and are similar in genesis and host rocks to Toiyabe. Golden Oasis Exploration, Corp. (now American Consolidated Minerals Incorporated or ACM) has conducted a drilling program over the past 3 years to test near-surface gold anomalies and determine the location of favorable stratigraphy for bulk minable mineralization. American Consolidated holds 165 claims totalling 3,330 acres.

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Lone Ranch

The Lone Ranch Property consists of 54 unpatented mineral claims located in Ferry County, Washington, approximately 3 miles south of the Canadian border. The property is accessible by paved and gravel roads from Grand Forks, British Columbia (approximately 12 miles) or Curlew, Washington (approximately 15 miles). The property is bisected by a number of unimproved logging roads. We believe the property has the potential to host significant mineralization. The host rocks within the sulfide zone are metamorphosed banded siliceous sediments. Within the principal mineralized zone and its northerly extension, the host rocks are strongly banded due to metamorphic differentiation.

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