March 12, 2012
Vancouver, B.C. — Starcore International Mines Ltd.
(the “Company”) is pleased to announce production results for the
second quarter of the fiscal year at its San Martin Mine in Queretaro,
The 3 months production, from November, 2011 through January, 2012 saw
78,824 tonnes milled at an average head grade of 2.14 g/t gold and 35
g/t silver resulting in the production of 6,068 gold equivalent ounces.
This production level meets the minimum target production of 2,000
equivalent ounces per month.
Second quarter production was the result of operating at an average mill
throughput of 857 tons per day and achieving recoveries of 90.3% for
gold and 74.2%for silver. These production figures show the improving
performance of the mine when compared to the average production data in
calendar year 2011which was 813 tons per day and recoveries of 86.6% for
gold and 71.8% for silver.
“Production results for the second quarter of fiscal 2011-2012 are
particularly good considering the number of holidays associated with
Christmas and the New Year ,” said Robert Eadie, Chairman of the
Company. “We are becoming much more consistent in our production results
due to our improving knowledge of the deposit and by the significant
investment we have made to capital equipment.”
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.
ON BEHALF OF STARCORE INTERNATIONAL
Signed “Robert Eadie”
Robert Eadie, Executive Chairman, Interim President and
Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935 / Facsimile: 1-604-602-4936
The Toronto Stock Exchange has not reviewed nor
does it accept responsibility for the adequacy or accuracy of this press
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