[ad_1]
IRW-PRESS: Starcore International Mines Ltd.
: Starcore releases the NI 43-101 compliant report for the San Martin mine with a new reserve and resource estimate of 267,306 ounces of gold equivalent (AuEq)
Starcore Compliant Report to NI 43-101 for the San Martin Mine with a new resource and reserve estimate of 267,306 ounces of gold equivalent (Aueq)
Vancouver, British Columbia – Starcore International Mines Ltd. (TSX: SAM) (Starcore or the Company) is pleased to announce that it has prepared a NI 43-101 compliant NI 43-101 technical report for its gold mine. San Martin in Queretaro, Mexico a. The report has been published on SEDAR and is also available on the Company's website at www.starcore.com. Here are the main conclusions of the technical report:
Starcore International Mines, Mineral Reserves and Resources
cen
at the San Martin Mine
Status: April 30
2018
Category Tonnes of Contents Contains
e
ounces, g
all
At g / tAg g / tOz AuÄq
detected and probable (19659002)
total
Derived and displayed, 1,493,812 1.94 25 112,924 [19659019] total
ounces contained, total 267,306
Mineral reserves and resources totaled 3,145,130 tons. The planned production capacity is currently about 300,000 tons per year.
The badumptions used to determine the mineral resource differ slightly from the rules established many years ago. In recent years, mining systems have been modified by the participation of various newly added mining industry professionals for the following reasons:
1. Much of the production comes from narrow to strong vein structures that fall heavily
2. Subhorizontal mineralized mantos structures are narrower than historic mantos; and
3. Renewed and extended development of bedded mineralization in old stems, where low-grade mineralization has not been degraded during periods of declining prices for gold and silver. l & # 39; money.
Assumptions in the estimate of reserves include:
1. The reserve limit values are based on the gold equivalent of 1.66 g / t (AuEq)
2. Metallurgical recoveries of 88% gold and 55% silver [19659002] 3. Minimum life of 1.5 meters
4. Dilution factor of 20%
5. Gold equivalents are based on a gold-silver ratio of 1:81
6. Price badumptions of $ 1,300 an ounce for gold and $ 16 an ounce for silver
7. Mineral resources are estimated without and in addition to mineral reserves .
Salvador Garcia, P.Eng., Said: San Martin has seen many positive developments over the past year. Our planning and development, coupled with operational excellence, have opened up new areas such as Cuerpo 28 and San Jose 2. Our team has done an excellent job here, and we look forward to continually transforming resources into reserves and to find new structures.
Erme Enriquez C.P.G., BSc, M.Sc., is a non-corporate consultant. He is a qualified person for the NI 43-101 project and has prepared the technical information in this press release.
About Starcore
Starcore International Mines focuses on the production of precious metals with an emphasis and experience in Mexico. These production badets will be complemented by exploration and development projects in North America. The company is a leader in corporate social responsibility and strives to make value-driven decisions that increase the value of the company in the long run. For more information, visit www.starcore.com
FOR STARCORE INTERNATIONAL MINES LTD.
Signature: Robert Eadie —–
Robert Eadie, President and Chief Executive Officer-
]] For more information, please contact:
EVAN EADIE
Investor Relations
Phone: (604) 602-4935 DW 230
Phone Number: 1-866-602- 4935
E-Mail: [email protected] –
The Toronto Stock Exchange has not reviewed this press release and accepts no responsibility for its accuracy or adequacy.
The source language (usually English) in which the original text is published is the official language, authorized and legal version. This translation is provided for a better understanding. The German version can be shortened or summarized. No responsibility or liability is accepted for the content, accuracy, adequacy or accuracy of this translation. From the translator's point of view, the message is not a recommendation to buy or sell! Please see the original report in English on www.sedar.com, www.sec.gov, www.asx.com.au/ or on the company's website!
The original message in English can be found on the following link:
http: / /www.irw-press.at/press_html.aspx?messageID=44078
The translated message can be found under the link Next:
http://www.irw-press.at/press_html.aspx?messageID=44078&tr = 1
REGISTER IN THE BULLETIN:
The Last press releases by this company directly into your mailbox:
http://www.irw-press.com/alert_subscription.php? lang = de & isin = CA85525T2020
Notice sent by IRW-Press.com. The sender is responsible for the content.
Free reprint with indication of the authorized source.
Source link
