STARCORE ANNOUNCES 3rd Quarter Production Results
Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail: [email protected] website: www.starcore.com
February 18, 2020 TSX: SAM
STARCORE ANNOUNCES
3rd Quarter Production Results
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) ( “Starcore” or “ the Company”)
announces production results for the third fiscal quarter ended January 31, 2020, at its San Martin Mine (“San
Martin”) in Queretaro, Mexico.
“The results of our operational excellence programs at the San Martin mine are starting to gain traction and
have resulted in improved production, gold grade and gold recovery quarter over quarter” reported Salvador
Garcia, Chief Operating Officer of the Company. “Our focus is on strict cost and dilution control measures
that will result in better head grade.”
“In addition to these ongoing improvements, this is an exciting time for the Company as we explore the Santa
Elena target. The exploration program is using contractors to drill surface and underground targets and,
currently, we are awaiting our first assay results.”
San Martin Production Q3 2019 Q2 2019 Q/Q Change YTD 2019 YTD 2018 Y/Y Change
Ore Milled (Tonnes) 58,316 54,096 8% 173,234 229,900 -25%
Gold Equivalent Ounces 3,425 3,050 12% 10,187 12,300 -17%
Gold Grade (Grams/Ton) 1.84 1.78 3% 1.88 1.56 20%
Silver Grade (Grams/Ton) 30.06 34.19 -12% 32.17 42.12 -24%
Gold Recovery (%) 90.09 87.35 3% 87.37 86.32 1%
Silver Recovery (%) 50.93 52.27 -3% 53.99 59.34 -9%
Gold: Silver Ratio 86.32 84.81 86.94 81.53
Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company’s qualified
person on the project as required under NI 43-101and has prepared the technical information contained in this
press release.
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About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico.
This base of producing assets is complemented by exploration and development projects throughout North
America. The Company is a leader in Corporate Social Respons ibility and advocates value driven decisions
that will increase long term shareholder value. You can find more information on the investor friendly website
here: www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.
Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
EVAN EADIE
Investor Relations
Telephone: (604) 602-4935 x 203
Toll Free: 1-866-602-4935
Email: [email protected]
The Toronto Stock Exchange has not reviewed, nor does it accept responsibility
for the adequacy or accuracy of this press release.