June 10, 2009
- Starcore International Mines Ltd. reports that ongoing exploration and development at the San Martin gold mine project in Queretaro, Mexico has produced some favourable results. The mine operates three underground drill rigs to provide information to assist with mine planning in addition to exploration, with the intent of increasing the reserves and resources on the property.
The proposed drill program for 2009 is expected to be roughly 10,000 meters of which 4,093 meters has been completed by the end of May. The most significant discovery this year has been the location of ore grade mineralization in the San Martin Wedge area. This area is at the northeast end of the San Martin area where the structure is offset by two faults, one of which offsets the structure to the zone 28 area. The two faults combine to form a wedge in long section where no mineralization has been observed to date. Three holes intersected mineralization:
DCSM 68 intersected 7.25 meters grading 5.13 g/t Au and 80 g/t Ag
DCSM 69 intersected 9.1 meters grading 28.8 g/t Au and 333 g/t Ag
DCSM 72 intersected 4.5 meters grading 4.74 g/t Au and 73 g/t Ag
Although none of these intersections is a true thickness, subsequent development of a ramp into the area has developed a 20 meter strike length with average grade of 5.57 g/t Au and 76 g/t Ag over the 3.13 meter face. During April and May, the small fault controlled block was completely mined out producing 3,905 tonnes with an average grade of 3.83 g/t Au and 46 g/t Ag. This particular segment of ore is somewhat small as it sits at the top “pointy end” of the wedge in an area with a lot of faults. Its discovery provides optimism that a previously unmined area in the upper levels (levels 1 to 5 were historically higher grade) of the deposit hosts mineralization which may extend throughout the entire wedge area.
Elsewhere on the property, level 10 has been developed along the Guadalupe vein about 20 meters below the previously developed level. The level has developed the vein along a 75 meter length. Chip sampling with a 1.5 meter line spacing has resulted in an average grade of 4.04 g/t Au and 26 g/t Ag over an average undiluted thickness of 2.06 meters. The vein is faulted as it was on the level above but shows the continuity of grade within the structure. Muck samples from the drift rounds are lower due to dilution but verify the chip samples. The grade appears to drop at the east end of the current drift similar to the level above; however no structural reason for this has been observed yet.
Drilling is focused now in the San Martin Wedge, the 29 Gap, and Zone 50 which are the most favourable areas likely to locate additional reserves.
David Gunning, P.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.
For more information on the Company visit our website at www.starcore.com
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.Signed “Robert Eadie”
Robert Eadie, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT: Robert Eadie
Toll Free: 1-866-602-4935 / Facsimile: 1-604-602-4936
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