Starcore Produces 4,207 Equivalent Gold Ounces in 1st Fiscal Quarter Ended July 31, 2016

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/426-tsx/sam/23748-starcore-produces-4-207-equivalent-gold-ounces-in-1st-fiscal-quarter-ended-july-31-2016.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 22, 2016) – Starcore International Mines Ltd. (the “Company”) (TSX:SAM) announces production results for the first quarter, ending July 31, 2016, at its San Martin Mine in Queretaro, Mexico.

During Q1, a total of 66,176 tonnes were milled at an average grade of 2.17 g/t gold and 16 g/t silver resulting in the production of 4,207 gold equivalent ounces. Mill recoveries averaged 86.46% for gold and 45.73% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 71.61 during the quarter.

“Although production issues led to over 10,000 fewer tonnes being milled this past quarter, we still raised our ore grade to average over 1,400 ounces per month,” said Robert Eadie, President & CEO of the Company. “The discoveries of high grade zones announced earlier this year have helped smooth out production at San Martin.”

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