Starcore International Ventures Ltd.

Starcore International Ventures Ltd.

March 07, 2005 09:00 ET

Starcore International Closes on Property Transaction and Stakes 34 Additional Claims


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: STARCORE INTERNATIONAL VENTURES LTD.

TSX VENTURE SYMBOL: SAM

MARCH 7, 2005 - 09:00 ET

Starcore International Closes on Property Transaction
and Stakes 34 Additional Claims

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2005) - Starcore
International Ventures Ltd. (TSX VENTURE:SAM)

THIS RELEASE IS NOT FOR DISTRIBUTION TO U. S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.

Starcore International Ventures Ltd. ("Starcore") announces that it has
closed on its previously announced transaction to acquire a 100%
interest in the Black Silver Property located in southern Arizona,
subject to a 3% net smelter return royalty. The project is situated at
the western end of the Gila Mountains approximately 60 miles west of
Phoenix.

Terms of the acquisition call for a total payment of $120,000 over a
five year period. In addition 250,000 shares (the "Shares") are to be
issued to the property vendor, with 25,000 shares upon closing and the
balance scheduled over a three year period. The Shares will be subject
to a four month hold period. A work commitment of $500,000 is required
over a five year period, with $50,000 to be spent in the first year. No
finder's fee applied in this transaction.

The Black Silver Property is situated on a regional structure which also
hosts several gold/silver deposits. There is one shaft and one adit
visible on the property and evidence of some rudimentary prospecting,
but it has never been explored using modern mining methods. Recent
surface sampling has identified a gently dipping mineralized zone, which
appears to be approximately 50 feet thick and averages 5.2 oz/ton
silver. Management believes the property to be highly prospective for a
significant near surface silver discovery, and the flat topography
should make it an easily tested target.

The Company recently staked an additional 34 claims adjacent to the
existing Black Silver Property, bringing the total to 36 claims.

The Company trades on the TSX Venture Exchange under the symbol SAM.

Starcore International is dedicated to the principles of environmentally
sound mining practices and believes that environmental stewardship and
mining can co-exist.

ON BEHALF OF STARCORE INTERNATIONAL VENTURES LTD.

Robert Eadie, Chief Executive Officer


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Starcore International Ventures Ltd.
    Robert Eadie
    Chief Executive Officer
    (604) 602-4935
    (604) 602-4936 (FAX)
    info@starcore.com
    www.starcore.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.