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Starcore Announces the Acquisition of the Teocuitla Claims Next to the El Creston Project in Opodepe, Sonora State, Mexico
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2021) - Starcore International Min...
About this update from Starcore International Mines Ltd.
[{"type":"text","content":"Starcore Announces the Acquisition of the Teocuitla Claims Next to the El Creston Project in Opodepe, Sonora State, MexicoVancouver, British Columbia--(Newsfile Corp. - August 17, 2021) - Starcore International Mines Ltd. (TSX: SAM) (\"Starcore\" or \"the Company\") is pleased to announce the acquisition of 3087.7691 hectares of the Teocuitla claims from Minera Teocuitla SA de CV of Hermosillo, Sonora, Mexico. The Teocuitla claims are located in Opodepe, Sonora, Mexico beside the El Creston Meztli 4 claim in the northwest part of Starcore's 11,000 Ha property. The El Creston deposit is a well-known and defined Molybdenum deposit, but the property has never been explored for precious metals. The Company refers its readers to the \"Preliminary Economic Assessment, El Creston Project, Opodepe, Sonora, Mexico\" dated December 16, 2010 (\"PEA\") prepared for Creston Moly Corp. and filed on SEDAR on December 20, 2010. The PEA provides information on El Creston that is historical and the Company cannot guarantee the accuracy of the data presented therein. The reader is cautioned not to place undue reliance on the historical data or its implications that have been derived from third-party sources. The PEA is referenced herein solely for historic context and background.\"We are extremely pleased to have made this acquisition and to be able to look at the El Creston Project in three different ways - one as a moly deposit; another as a property with gold showings; and thirdly, as a project with the potential for copper porphyry at depth,\" commented Robert Eadie, CEO and a director of the Company. \"The property offers exciting exploration potential in the friendly mining state of Sonora, Mexico.\" The Company conducted a six-month exploration plan which included more than 1600 samples taken in the outcrops of nine new discovered veins in the Teocuitla claims, with a focus on gold and silver orebodies. The initial results of the exploration program are outlined below:Table 1: Assay Results of the samples takenfrom MEZTLI4 and TEOCUITLA Claims# TargetsTargetClaimRecognized surface length (mt)Economic length (mt) SurfaceEconomic width (mt) SurfaceAu g/tAg g/t1Mana SystemMeztli 421003001.070.522502Karla System NW18152800.533.52133Karla System SW4801900.611.53644El Guerigo Breccia18001100.980.111625San GerónimoStockpile Samples0.402146Mid...