Starcore International Ventures Ltd.

Starcore International Ventures Ltd.

October 22, 2007 10:00 ET

Starcore International Ventures Ltd.: New Zone Discovered at San Martin Gold Mine With 7.9 Au g/t and 38 Ag g/t Over 3.2 Meters

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2007) -


Starcore International Ventures Ltd. (the "Company") (TSX:SAM) is pleased to announce that a new vein structure was recently encountered at the Company's San Martin Gold Mine in Queretaro, Mexico, while advancing the main decline.

Cross-cuts were driven at this location, over the full width of the vein and in both directions. In one direction, a fault was encountered within a short distance, but the vein is otherwise open on strike. The resultant mini-bulk sample exposed 20 meters of strike length and produced 620 tonnes grading 3.42 g/t Au and 33 g/t Ag, at an average true width of 3.0 meters. There was approximately 10 % dilution in this sample.

Three underground diamond drill holes (LYSM-16 to -18) have examined the down dip extension of the structure. All three holes intersected the vein, with the best intersection in hole LYSM-16, at 50 m below the existing workings, as tabled below.

Au Ag Length (mts) width
DDH Number g/t from to mts
LYSM-16 intersection 1 7.9 38 122.2 126.9 3.2
LYSM-16 intersection 2 2.3 11 138.8 142.7 2.3
LYSM-17 intersection 1 8.5 182 152.0 152.8 0.4
LYSM-17 intersection 2 2.5 47 156.1 158.1 1.1
LYSM-18 intersection 1 0.5 4 89.3 95.7 6.6
LYSM-18 intersection 2 0.4 4 101.1 104.3 3.1

The cross section can be viewed at the Company's website at

The diamond drill has been moved to a second location and LYSM-19 is advancing. This new four-hole program will investigate an additional 150 meters of strike length as well as 100 vertical meters below grade.

Additional news will be issued as this program advances.

The technical content of this news release has been prepared by and approved by Gary Hawthorn, P. Eng, a director of Starcore and a qualified person under NI 43-101.

The Company has a rigorous QA/QC program consistent with NI 43-101 and using best industry practice. Core is prepared and assayed internally at the laboratories of the San Martin Gold Mine.

For more information on the Company visit our website at


Robert Eadie, Chief Executive Officer and Director

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Starcore International Ventures Ltd.
    Robert Eadie
    Chief Executive Officer and Director
    (604) 602-4935 or Toll Free: 1-866-602-4935
    (604) 602-4936 (FAX)