Starcore Announces Results of 2022 Exploration at its Ajax Property
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
December 19, 2022 TSX: SAM
OTCQB: SHVLF
Starcore Announces Results of 2022 Exploration at its Ajax Property
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”) today
announced the results of a limited rock sampling program completed at its Ajax Property located 12 km north
of Alice Arm in northwestern B.C. at the southern end of the mineral belt known as the “Golden Triangle”.
The property, 1,718 hectares in size, was acquired by Starcore in 2015 through its purchase of Creston Moly
Corp. and its subsidiary Tenajon Resources Corp. The property hosts the large Ajax porphyry molybdenum
developed prospect that has been tested by 48 drill holes, beginning in the mid 1960’s. Samples collected by
Starcore during the second week of August 2022 build on the Company’s 2021 program where precious and
base metal mineralization was recognized well beyond the limits of the known molybdenum mineralization.
Mineralization is found exposed in old pits and trenches and in outcrop along the margins of ice and snow on
the southeast spine and upper slopes of Mount McGuire. This mineralization is about 1.7 km southwest from
the known porphyry molybdenum mineralization and up to 540 metres higher in elevation. Assay samples
collected in 2022 include values high in silver, elevated copper, lead and zinc and anomalous cobalt and
tungsten. The following ta ble lists highlights from the 53 -element inductively coupled plasma – mass
spectrometry assay analyses.
Table of selected assay results. Silver and gold are in parts per billion (ppb); other elements in parts per
million (ppm).
Starcore is planning additional fieldwork for 2023 to further explore the potential of the higher level porphyry
mineralization. Other styles of mineralization occur within the area such as at Dolly Varden, 12 km to t he
north-northwest, Big Bulk, 7 km north-northeast and Surebet, 17 km west. Starcore’s Ajax property has the
potential to host other styles of mineralization and it is located within 1 to 3 km of the Triassic – Jurassic
contact, termed the Red Line in this area, near which many of the Golden Triangle’s mineralized systems are
situated.
Sample silver ppb gold ppb copper ppm lead ppm zinc ppm cobalt ppm tungsten ppm
2948912 1410 8.5 141.7 2.52 21.3 3.9 >100.0
2948913 812 2.1 461.9 2.69 19.2 66.4 >100.0
2948914 2499 1.6 2067.95 4.71 15.5 918.3 >100.0
2948918 >100000 27.3 142.53 2819.45 267.5 10.4 0.4
2948921 36825 5.2 81.72 444.55 262.1 4.6 3
2948922 3571 102.3 762.14 27.1 70 131.6 22.6
2948923 4465 2.2 2818.97 13.26 13 874.8 23.5
2948926 1169 0.8 681.94 5.43 19.9 77.8 >100.0
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Ian Webster P.Geo. is the Qualified Person, as defined by National Instrument 43-101, who has reviewed and
approved the technical contents of this release.
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.
(sgd.) Robert Eadie
Robert Eadie, Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
ROBERT EADIE
Telephone: (604) 602-4935 x 205
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.