November 7, 2013
Vancouver, B.C. - Starcore International Mines Ltd.
(the “Company”) announces production results for the 2014 first quarter
ended October 31, 2013, at its San Martin Mine in Queretaro, Mexico. The Toronto Stock Exchange has not reviewed nor does it
accept responsibility for the adequacy or accuracy of this press
Over the 3 months of production we milled 76,958 tonnes of ore at an
average grade of 2.88 g/t gold and 27 g/t silver resulting in the
production of 6,920 gold equivalent ounces. This represents an increase in production of 605 equivalent ounces from the previous quarter.
Mill recoveries improved from last quarter and averaged 88.27% for gold
and 56.50% for silver during Q1. Silver recoveries returned to the
typical rates during the quarter, and the improved gold recovery was in
part due to the higher head grades than in previous quarters.
The quarter was characterized by all 3 months returning monthly
production records near or above 2,200 gold equivalent ounces, including
October production totaling 2,435 gold equivalent ounces.
“I am extremely pleased with the first quarter results, and the combined
efforts of our production team and corporate teams which made it
happen. The production results in the first quarter of fiscal 2014 show
that the results from the previous quarter were not an anomaly.
Positive cash flows from mine operations continue every month despite
the soft price of gold and tumultuous market conditions.” said Robert
Eadie, President & CEO of the Company.
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: 1-604-602-4935
Toll Free: 1-866-602-4935 / Facsimile: 1-604-602-4936
Back to the main News page, or press the Back button on your browser.