Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces production results for the first quarter of fiscal 2018, ended July 31, 2017, at its San Martin Mine (“San Martin”) in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in Matehuala, Mexico.
During Q1 at San Martin, a total of 69,753 tonnes was milled at an average grade of 1.97 g/t gold and
12.6 g/t silver resulting in the production of 3,888 gold equivalent ounces. Mill recoveries averaged 85.0% for gold and 51.2% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 74.9:1 during the quarter.
During Q1 the Altiplano Facility received approximately 37.21 tonnes of concentrate and 24.2 tonnes of slag containing approximately 150 ounces of gold and 25,525 ounces of silver. During the quarter ended July 31, 2017, Altiplano sold 223 ounces of gold and 21,000 ounces of silver.