EX-99.1 2 sam-ex991_7.htm EX-99.1 NEWS RELEASE - NOV 8, 2021 sam-ex991_7.htm

 

 

 

 

 

November 8, 2021TSX: SAM

 

 

Starcore Announces New Drilling Begins

on New Gold Target at El Creston in Opodepe, Sonora State, Mexico.

 

Vancouver, B.C. Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or “the Company”) is pleased to announce the start of DDH exploration on its MEZTLI 4 and TEOCUITLA claims located in Opodepe, Sonora, Mexico (see Fig.1). This first stage explores five different veins that were discovered after more than eight months of geological works with more than 2000 samples taken (see Fig. 2), and assays and metallurgical tests done (Fig. 3), the results of which formed the direction of the current exploration program (see Fig. 4).

 

 

As reported in its news release of August 17, 2021, the Opodepe project represents a three-dimensional prospect for Starcore with possibilities as a moly deposit, or as a property with gold showings, and thirdly as a project with the potential for copper porphyry at depth. These concessions of 11,364 hectares (the MEZTLI 4 claims) have never been explored for precious metals. With the acquisition of 3,087 hectares northwest of the MEZTLI 4 claims (the TEOCUITLA concessions), Starcore now has a total of 14,451 hectares to explore, with five veins identified thus far for the initial stage of drilling.

 

 

Suite 750 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6

Telephone: (604) 602-4935 Fax: (604) 602-4936   e-mail: investor@starcore.com   website: www.starcore.com

 


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Fig. 1 OPODEPE PROJECT LOCATION

 

 

 

Fig. 2 MAP SHOWING THE 5 VEINS TO BE EXPLORED FIRST STAGE

 

 

 

 

# Targets

Target

Claim

Recognized surface length (mt)

Economic length (mt) Surface

Economic width (mt) Surface

Au g/t

Ag g/t

1

Mana System

 

 

Meztli 4

2100

300

1.07

0.52

250

2

Karla System NW

1815

280

0.53

3.52

13

3

Nom

520

200

0.55

4.19

43

4

El Guerigo

1800

110

0.98

0.11

162

5

San Gerónimo

196

100

0.40

0.40

120

6

Midas Vein

New claims acquired

580

190

0.73

0.20

160

7

La Aurora - La Espinada Vein

old Dumps

0.21

241

8

La Última

Old mining non visited

9

El Oro

Other claim

500

70

0.53

10.30

5

Fig. 3 TABLE OF ASSAYS LAB RESULTS

 


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DDH SCHEDULE 2021

Target

Company

Claim

Holes

Category

Meters

Mana System

 

Contractor

Meztli 4

8

Greenfield

620

Nom

Meztli 4

7

Greenfield

630

El Guerigo

Meztli 4

7

Greenfield

450

Karlas

Meztli 4

3

Greenfield

500

Midas

 

Teocuitla

2

Greenfield

300

Total

27

 

2500

Fig. 4 DDH FIRST STAGE PROGRAM

 

 

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 43-101 and has prepared the technical information contained in this press 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.

 

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: eeadie@starcore.com

 

 

The Toronto Stock Exchange has not reviewed, nor does it accept responsibility for the adequacy or accuracy of this press release.

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