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    SAM   CA85525T2020

STARCORE INTERNATIONAL MINES LTD.

(SAM)
  Report
Delayed Toronto Stock Exchange  -  03:02 2022-09-23 pm EDT
0.1400 CAD   -6.67%
09/15Starcore Reports Q1 Results
AQ
09/14Starcore International Mines Ltd. Reports Earnings Results for the First Quarter Ended July 31, 2022
CI
09/13NORTH AMERICAN MORNING BRIEFING : Hopes of -2-
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Starcore International Mines Ltd. Announces Results of Exploration At Its Ajax Property

01/17/2022 | 02:38pm EDT

Starcore International Mines Ltd. announced the results of an eight-day prospecting, soil and rock chip sampling program completed at its Ajax Property located 15 km north of Kitsault in northwestern B.C.'s well-known mineralized belt, the "Golden Triangle". The property, measuring 1718.65 hectares in size, was acquired by Starcore in 2015 through its purchase of Creston Moly Corp. and its subsidiary Tenajon Resources Corp.

The property hosts the very large Ajax porphyry molybdenum occurrence that has been tested by 48 drill holes, beginning in the mid 1960's. During the company's September 2021 limited field program, rock and soil sampling have revealed the potential for precious and base metal potential beyond the limits of the known molybdenum mineralization. Three rock samples collected from mineralization exposed in old pits along the south spine of Mt. McGuire, about 1.3 km from the known molybdenum mineralization, assayed up to 4.1 grams per tonne (g/t) silver, 0.23% copper, over limit for analysis method (greater than 100 g/t) tungsten and 794 g/t cobalt.

In addition, two quartz veins sampled downslope from these pits assayed over limit (greater than 100 g/t) silver and over limit (greater than 1%) lead and zinc and over limit (greater than 0.2%) bismuth. These samples have been resubmitted to the lab for analyses using an ore grade methodology. Mineralization sampled in the vicinity of a documented BC MINFILE occurrence Ida, northeast of Mt.

McGuire peak, assayed over limit (greater than 100 g/t) tungsten, 1.1 g/t silver and anomalous molybdenum and copper. Soil sampling during the 2021 fieldwork identified two areas to the southwest of the known molybdenum mineralization. The North Anomaly, as defined by the 50 ppm molybdenum in soil contour, is 300 metres (m) long by 500 m wide.

It trends westerly and is open along strike to the east and west. The South Anomaly is a 700 m long and open up to 500 m wide, east-west trend of anomalous gold, silver, copper, lead, zinc, cobalt and arsenic in-soil values.


© S&P Capital IQ 2022
All news about STARCORE INTERNATIONAL MINES LTD.
09/15Starcore Reports Q1 Results
AQ
09/14Starcore International Mines Ltd. Reports Earnings Results for the First Quarter Ended ..
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08/30Starcore Reports Mineral Reserves and Resources of 175,652 Ounces of Gold Equivalent
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08/30Starcore Reports Mineral Reserves and Resources of 175,652 Ounces of Gold Equivalent. U..
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08/23Starcore International Mines Ltd. Announces Production Results for the First 2023 Fisca..
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08/16Starcore Announces 1st Quarter Production Results
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08/15STARCORE INTERNATIONAL MINES : 1st Quarter Production Results
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08/03STARCORE INTERNATIONAL MINES : Amended OTCQB Certification
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Financials
Sales 2022 25,7 M 18,9 M 18,9 M
Net income 2022 2,41 M 1,77 M 1,77 M
Net cash 2022 8,41 M 6,20 M 6,20 M
P/E ratio 2022 4,34x
Yield 2022 -
Capitalization 7,79 M 5,74 M 5,74 M
EV / Sales 2021 0,29x
EV / Sales 2022 0,08x
Nbr of Employees 248
Free-Float 67,6%
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Robert Eadie Executive Chairman & Chief Executive Officer
Pierre Alarie President & Director
Gary Vittorio Arca Chief Financial Officer & Non-Independent Director
Salvador Garcia Ledezma Chief Operating Officer
Jorge Federico Villaseñor Independent Director
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