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 12, 2021 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 fiscal quarter ended April 30, 2021, at its San Martin Mine (“San
Martin”) in Queretaro, Mexico.
“We are focused on two areas for exploration and development at the San Martin gold mine,” reported Salvador
Garcia, Chief Operating Officer of the Company . “The first is located in the northwest, at the bottom of the
mine, where we have drilled 8 positive holes and as a result, we are currently ready to start production. The
second area of exploration is located to the east of current operations where we have drilled 4 positive holes.
Although excess water has delayed the development of this area, our team is working steadily to address this
issue and we expect to resume development in the next two months.”
The diamond drill hole exploration continues in both zones where the potential to find additional mineralization
is open and the re are possibilities of expanding the life of the mine . Of particular note is the eastern zone,
where we will further explore the area identified by historical drilling from the surface , located 600 meters
from other recent positives holes that were drilled.
“Starcore continues with the philosophy of producing profitable ounces and generat ing positive cash flow
through its operational excellence programs. The impact of these programs has been reflected in the cost
savings and productivity reached over the past year”.
San Martin Production Q4 2021 Q3 2021 Q/Q Change YTD 2021 YTD 2020 Y/Y Change
Ore Milled (Tonnes) 52,403 57,271 -8% 225,504 229,830 -2%
Gold Equivalent Ounces 2,603 3,068 -15% 11,797 13,112 -10%
Gold Grade (Grams/Ton) 1.52 1.66 -8% 1.63 1.82 -10%
Silver Grade (Grams/Ton) 24.62 22.89 8% 24.71 30.49 -19%
Gold Recovery (%) 87.33 88.79 -2 88.39 87.67 1%
Silver Recovery (%) 57.52 57.08 1 56.99 54.36 5%
Gold: Silver Ratio 67.07 74.21 78.28 89.61
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 Responsibility 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.