Starcore International Mines Ltd. announced the updated results of a limited rock sampling program completed at its Ajax Property located 12 km north of Alice Arm in northwestern B.C. at the southern end of the mineral belt known as the ‘Golden Triangle'. Samples that initially assayed over-limit for silver and tungsten were re-submitted to the laboratory for ore grade analyses. The property, 1,718 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 large Ajax porphyry molybdenum developed prospect that has been tested by 48 drill holes, which began in the mid 1960's. Samples collected by Starcore during the second week of August 2022 build on the Company's 2021 program where precious and base metal mineralization was recognized well beyond the limits of the known molybdenum mineralization. Mineralization is found exposed in old pits and trenches and in outcrop along the margins of ice and snow on the southeast spine and upper slopes of Mount McGuire.

This mineralization is about 1.7 km southwest from the known porphyry molybdenum mineralization and up to 540 metres higher in elevation. Assay samples collected in 2022 include values high in silver, promoted copper, lead and zinc and anomalous cobalt and tungsten. Highlights from the 53-element inductively coupled plasma - emissions and mass spectrometry assay analyses.

Starcore is planning additional fieldwork for 2023 to further explore the potential of the higher level porphyry, transitional and vein mineralization including locating and sampling the 1926 underground workings at the Le Roy mineral occurrence that is situated on the Ajax property. Other styles of mineralization occur within the area such as at Dolly Varden, 12 km to the north-northwest, Big Bulk, 7 km north-northeast and Surebet, 17 km west. Starcore's Ajax property is located within 1 to 3 km of the Triassic - Jurassic contact, termed the Red Line in this area, near which many of the Golden Triangle's mineralized systems occur.