STARCORE ANNOUNCES 4th 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
May 16, 2018 TSX: SAM
STARCORE ANNOUNCES
4th Quarter Production Results
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”)
announces production results for the fourth quarter of fi scal 2018, ended April 30, 2018, at its San Martin
Mine (“San Martin”) in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in
Matehuala, Mexico.
During Q4 at San Martin, the Company reported that a total of 71,868 tonnes was milled at an average grade
of 1.69 g/t gold and 40.64 g/t silver resulting in the production of 4,140 gold equivalent ounces. Mill
recoveries averaged 88.4% for gold and 57.4% for silv er. Equivalent gold ounce calculation is based on the
average gold:silver ratio of 80.2:1 during the quarter.
During Q4 the Altiplano Facility received approximately 373 tonnes of concentrate containing approximately
805 ounces of gold and 26,813 ounces of silver. During th e quarter ended April 30, 2018, Altiplano sold 232
ounces of gold and 16,933 ounces of silver.
“The operational management team has sunk its teeth into productivity and efficiency. The results display a
significant improvement in production, recovery, and grades,” said Robert Eadie, President of the Company.
“Our focus remains on improving productivity through de velopment and exploration at the San Martin
mine, as well as creating relationships with new concen trate providers at Altiplano so that we can build
sustainable value for our shareholders and our future endeavors.”
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 h as prepared the technical information contained in
this press release.
About Starcore
Starcore is engaged in exploring, extracting a nd processing gold and silver through its wholly-owned
subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro,
Mexico. Through its wholly-owned subs idiary, Altiplano Goldsilver S.A. de C.V, Starcore also owns and
operates the Altiplano concentrate processing facility for pr ecious metals in Matehuala, Mexico. Starcore is
a public reporting issuer on the Toronto Stock Exchange . Starcore is also engaged in owning, acquiring,
exploiting, exploring and evaluating mineral properties, and either jo int venturing or developing these
properties further. Starcore has interests in properti es located in Mexico, Canada and the United States. For
more information concerning Starcore, see documents f iled under its profile on SE DAR, or visit its website
at www.starcore.com.
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ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.
Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
ROBERT EADIE:
Telephone: (416) 640-1936
EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935
The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.