Starcore International Mines Ltd. reported on the initial work undertaken at its Kimoukro Gold Project located in the West African country of Côte d'Ivoire (the "Kimoukro Project"). The initial visit to the Kimoukro Project by Starcore's exploration team aimed to verify the ground conditions and improve the map of existing mineworks in order to refine Starcore's exploration program and strategy for the project. The reconnaissance confirmed the presence of at least 11 main veins (0.5 to 2 m thick), object of artisanal exploitation.

New evidences of mineralization have been found in the southeast part of the permit. Overall, the vein system is recognized over a 1.5 km wide corridor, striking from outside the eastern border of the permit, to the Bandama river. The permit for the west side of the river covers an area that is largely unexplored.

Mineralization at Kimoukro occurs manly in NW-trending sheeted quartz which cross-cuts granodirite, microdiorite, and volcanoclastic meta-sediments. Fresh chip rock samples were collected from few accessible shafts and assayed with handheld XRF returning 7 to 22 g/t Au; one quartz vein sample crossing granodiorite returned an average value of 155 g/t Au. The showing and new findings enlarged the existing anomaly zone from surficial soil samples.

Samples from termite nests were collected in the part of the permit covered by alluvial deposits and sent for assay at the MSA labs in Yamassoukro, the capital of Côte d'Ivoire; assays returned with no significant values. The artisanal mining activity within the Kimoukro permit remains fairly intense in the middle-north area, where some 80 people are washing soil and working veins on granitic rocks. A large settlement of artisanal miners is located at the East border of the permit and includes milling and washing facilities, other than trenches and shafts to mine mineralized veins.