Starcore Takes Important Steps Towards Acquisition of the Santa Fe Property
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anuary 11, 2017 TSX: SAM
Starcore Takes Important Steps Towards Acquisition of the Santa Fe Property
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (the “Company” ) is pleased to announce that it
has engaged Global Kompas (“GK”) to undertake a Preliminary Economic Assessment (“PEA”) of the Santa Fe
Project (“Santa Fe property”) located in Sinaloa, Mexico.
“We believe that moving ahead with a PEA is the next step to demonstrating value to our shareholders and a
quintessential step in our due diligence process”, said Robert Eadie, CEO and President of Starcore. “Our goal is
to identify the economic viability of an underground operation and the processing of material on our property.”
The Santa Fe property was previously optioned by another company that completed two exploration programs,
with the most recent one in 2014, and concluded with no mineral resources but the discovery of multiple veins
and mineral ore shoots. GK will complete the technical study with a mineral resource estimation prepared in
accordance with 43-101 standards that will allow several operating scenarios.
Global Kompas understands that Starcore has entered into a Letter of Intent (“LOI”) as announced on November
21, 2017 to acquire the Santa Fe Project. Details of the property and the press release can be viewed here.
About Global Kompas
Global Kompas’ professionals come from the geology, metallurgy, mining engineering and environment fields of
expertise, who are guided by the principles of Integrity, comp etence and Independence. The GK team is fully
familiarized with the NI 43 -101 requirements. Both individually and as a team , GK has extensive experience in
exploration and mining acquired in the mining private sector, including major and junior companies around the
world. Besides its group of professionals, GK has a support staff in its offices in Seville (Spain) and Durango
(Mexico).
A
bout Starcore
Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiaries,
Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico, and
Altiplano Gold Silver, S.A. de C.V., which operates the newly commissioned Altiplano Concentrate Processing
Plant located in Matehuala, Mexico. The Company is a public reporting issuer on the Toronto Stock Exchange.
The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and
either joint venturing or developing these properties further. The Company has interests in properties which are
exclusively located in North America.
Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Suite 700 - 350 Bay Street, Toronto, Ontario, Canada M5H 2S6
Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail. [email protected] website: www.starcore.com
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ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.
Signed “Robert Eadie”
Robert Eadie, President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
EVAN EADIE
Investor Relations
Telephone: (604) 602-4935 x230
Toll Free: 1-866-602-4935
This news release contains forward- looking statements. These statements may reflect management’s current
estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions
that all forward -looking statements are inherently uncertain and that actual performance may be affected by a
number of material factors, many of which are beyond the Company’s control. Accordingly, actual and future events,
conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or
implied in the forward- looking information. The Company undertakes no obligation to publicly update or revise
forward-looking information.
The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.