November 19, 2014
Vancouver, B.C. - Starcore International Mines Ltd.
(the “Company”) announces production results for the fiscal 2015 first
quarter, ending October 31, 2014, at its San Martin Mine in Queretaro,
Mexico. Production for the first fiscal quarter at the San Martin mine
was 5,381 gold equivalent ounces using the realized gold:silver ratio of
67.6:1. The Toronto Stock Exchange has not reviewed nor does it
accept responsibility for the adequacy or accuracy of this press
During Q1, a total of 78,635 tonnes were milled at an average grade of
2.36 g/t gold and 18 g/t silver resulting in the production of 4,998
gold ounces and 25,900 silver ounces.
Mill recoveries during the quarter averaged 83.9% for gold and 56.2% for silver.
“While we experienced lower than expected ore grade and recoveries in
this last quarter, we fully expect to meet our annual projections for
2014,” said Robert Eadie, President of the Company. “We are continually
exploring new areas underground that we are confident will benefit our
production. Starcore maintains its strong cash position, and San Martin
not only has excellent exploration potential, but it is also a mine
that has continued to deliver consistent production year in and year
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, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935
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