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Starcore Announces US$2 Million Exploration Program for 2022
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - Starcore International Mines L...
About this update from Starcore International Mines Ltd.
[{"type":"text","content":"Starcore Announces US$2 Million Exploration Program for 2022Vancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - Starcore International Mines Ltd. (TSX: SAM) (\"Starcore\" or \"the Company\") is pleased to announce that its Board of Directors has approved a US$2 million exploration budget for its most prolific projects.Firstly, Starcore has budgeted US$500,000 for El Creston, an advanced moly project located in Opodepe, Sonora Mexico, where Starcore will inject US$500,000 for studies to confirm the presence of a copper porphyry at depth. The program will include surveys, geophysical studies of magnetometry, and the development of new geological models from existing drillhole data.Fig 1) Zoom Model Lowell & Guilbert, 1970, representing geologic model of El Creston Porphyry Mo-Cu, and the open potential deep HB.(HB: Hydrothermal Breccia; IB; intrusive Breccia).To view an enhanced version of Fig 1, please visit:https://orders.newsfilecorp.com/files/4479/124062_e516782904ee19f7_001full.jpgSecondly, a budget of US$1 million has been allocated for the San Martin Mine concession with the following objectives: a. To search for the extension of the San Martin Breccia in the southwest and eastern part of the mine Fig 2) Geological Model San Martin Breccias, representing Eastern and Southern part of the deposit.To view an enhanced version of Fig 2, please visit:https://orders.newsfilecorp.com/files/4479/124062_e516782904ee19f7_002full.jpgb. To confirm the geological potential of the north part of the concessions in the areas of Cerro Azul (North Area)Fig 3) Claim Map representing Cerro Azul Area.To view an enhanced version of Fig 3, please visit:https://orders.newsfilecorp.com/files/4479/124062_e516782904ee19f7_003full.jpgLastly, the balance of the exploration budget of US$500,000 will be allocated towards new opportunities where Starcore has been invited to participate in potential joint ventures, such as the gold and silver project called California located in Durango, Mexico, a concession of 3, 211 hectares, which is part of the mineralization trend of the San Dimas District.Fig 4) California claim - a new target of Starcore International MinesTo view an enhanced version of Fig 4, please visit:https://orders.newsfilecorp.com/files/4479/124062_e516782904ee19f7_004full.jpgFig 5) Schematic mineralized band in Longitudinal Sec...