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Starcore International Mines Drills 40 meters Averaging 1.30 g/t Au at Toiyabe Gold Project
VANCOUVER, BRITISH COLUMBIA--(Oct. 24, 2016) - Starcore International Mines Ltd. (TSX:SAM) (the "Company" or "Starcore") is pleased to announce that it has comp
About this update from Starcore International Mines Ltd.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Oct. 24, 2016) - Starcore International Mines Ltd. (TSX:SAM) (the \"Company\" or \"Starcore\") is pleased to announce that it has completed Phase 1 drilling on its Toiyabe Project, located 10 kilometers south of the Cortez Hills Mine in northeastern Nevada. A total of 3,011 meters of RC/core were drilled in 15 holes. Partial geochemical results are in hand. Shallow RC drill holes have identified a possible extension of the near-surface resource and the first deep core hole has identified high-grade gold mineralization (1.5 m of 12.9 g/t Au) at depth (See below). Reverse Circulation (RC) drilling, including two pre-collar holes, consisted of fifteen holes for a total footage of 2,537 meters. Core drilling totaled 474 meters in two holes. A summary of assay results received to date are shown below. A map of drill hole locations can be found on the Company website https://www.starcore.com. Toiyabe Project 2016 Phase 1 Initial Assay Results Hole ID AZIMUTH INCL T DEPTH (m) FROM (m) TO (m) THICKNESS (meters) Au g/t T-1601 NA -90 140.2 77.7 112.8 35.1 0.31 T-1601C NA -90 390.4 269.1 294.1 40.2 1.30 includes 255.4 258.5 3 7.70 includes 255.4 256.9 1.5 12.90 T-1602 NA -90 134.1 67.1 80.8 13.7 0.16 T-1607 NA -90 196.6 13.7 16.8 3 1.90 T-1608 NA -90 208.8 120.4 123.4 3 0.16 132.6 138.7 6.1 0.32 146.3 164.6 18.3 0.46 179.8 192.0 12.2 0.13 T-1609 45 -60 91.4 32.0 33.5 1.5 0.88 T-1611 NA -90 213.3 NSV T-1612 NA -90 342.9 193.5 201.2 7.6 0.11 T-1613 NA -90 315.5 76.2 89.9 13.7 0.27 T-1615 45 -45 163.1 82.3 89.9 7.6 0.23 99.1 103.6 4.6 0.24 T1616 45 -45 152.4 41.1 48.8 7.6 0.13 36.6 76.2 39.6 0.15 T-1618 45 -45 91.4 7.6 12.2 4.6 0.28 82.3 83.8 1.5 0.82 T-1619 45 -45 121.9 38.1 44.2 6.1 1.07 T-1620 45 -45 121.9 108.2 114.3 6.1 0.16 T-1621 45 -45 121.9 68.6 74.7 6.1 1.08 T-1622 45 -45 121.9 50.3 53.3 3 3.10 Assays from T-1601C, the first deep core hole, show a broad mineralized zone from 254 to 294 meters (40 m) which averages 1.3 g/t Au. This zone includes 3 meters of 7.7 g/t Au (255.4-258.4 m) or 1.5 meters of 12.9 g/t Au (255'4-256.9 m). The mineralized intervals coincide closely with h...