VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 17, 2015) - Starcore International Mines Ltd. (News - Market indicators) (the "Company") announces production results for the fiscal 2015 second quarter, ending January 31, 2015, at its San Martin Mine in Queretaro, Mexico.
During Q2, a total of 79,815 tonnes were milled at an average grade of 2.22 g/t gold and 19 g/t silver resulting in the production of 5,130 gold equivalent ounces. Mill recoveries averaged 84.5% for gold and 48.2% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 73.62:1 during the quarter. Grades and recoveries continue to conform with those predicted in reserve estimates.
David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.
About Starcore
Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico. The Company is a public reporting issuer on the Toronto Stock Exchange. The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. The Company has interests in properties located in Mexico, Canada and the United States.
More information on Starcore is available at www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Robert Eadie, President & Chief Executive Officer
Neither the Toronto Stock Exchange nor its Regulation Services Provider (accepts responsibility for the adequacy or accuracy of this release.
