Starcore Updates Results from 2022 Sampling Program at its Ajax Property, British Columbia
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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
January 25, 2023 TSX: SAM
OTCQB: SHVLF
Starcore Updates Results from 2022 Sampling Program
at its Ajax Property, British Columbia
Vancouver, B.C. - Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”) today
announced the updated 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”. Samples that initially assayed over-limit for silver and tungsten were re-submitted to the laboratory
for ore grade analyses.
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, which began 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 table lists highlights from the 53- element inductively coupled plas ma –
emissions and 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,
transitional and vein mineralization including locating and sampling the 1926 underground workings at the
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 3.9 120
2948913 812 2.1 461.9 2.69 19.2 66.4 250
2948914 2499 1.6 2067.95 4.71 15.5 918.3 1870
2948918 210000 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 77.8 190
______________________________________________________________________________
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
Le Roy mineral occurrence that is situated on the Ajax property. Other styles of mineralization occur within
the area such as at Dolly Varden, 12 km to the north-northwest, Big Bulk, 7 km north-northeast and Surebet,
17 km west. Starcore’s Ajax property 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 occur.
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 fri endly
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