DGAP-News: Starcore International Mines Ltd.
/ Key word(s): Miscellaneous
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2020) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") is pleased to announce that the company has staked additional claims near its principal producing gold property, the San Martin gold mine, in Querétaro, Mexico. The geology department has completed a staking initiative that includes new claims to the west of the current mineral rights of the San Martin mine on private property, that holds exploration and development upside. The new surface area covers approximately 710 Ha. You can see a map of the Santa Elena target in proximity to the San Martin mine here. As recommended by the geology department, the Company has reduced its mineral rights on Ejido land by 7,403 Ha from the current 12,992 Ha package due to limited mineral discovery potential and to compliment the Company's overall cost cutting strategies. "We continue to meet important milestones at the San Martin mine and especially with the acquisition of these additional claims. The latter will bring exciting new exploration targets and test theories about the extending mineralization" said Salvador Garcia, Chief Operating Officer of the Company. "Our next milestone is to release an exploration plan in the first part of this year". About Starcore ON BEHALF OF STARCORE INTERNATIONAL Signed "Salvador Garcia" FOR FURTHER INFORMATION PLEASE CONTACT: EVAN EADIE The Toronto Stock Exchange has not reviewed, nor does it accept responsibility To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51340 Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/51340News Source: Newsfile
13.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Starcore International Mines Ltd. |
Canada | |
ISIN: | CA85525T2020 |
EQS News ID: | 952287 |
End of News | DGAP News Service |
952287 13.01.2020