Starcore International Mines Ltd.
TSX : SAM

Starcore International Mines Ltd.

June 10, 2009 09:00 ET

Starcore International Mines Ltd.: Exploration Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2009) -

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

Starcore International Mines Ltd. (TSX:SAM) reports that ongoing exploration and development at the San Martin gold mine project in Queretaro, Mexico has produced some favourable results. The mine operates three underground drill rigs to provide information to assist with mine planning in addition to exploration, with the intent of increasing the reserves and resources on the property.

The proposed drill program for 2009 is expected to be roughly 10,000 meters of which 4,093 meters has been completed by the end of May. The most significant discovery this year has been the location of ore grade mineralization in the San Martin Wedge area. This area is at the northeast end of the San Martin area where the structure is offset by two faults, one of which offsets the structure to the zone 28 area. The two faults combine to form a wedge in long section where no mineralization has been observed to date. Three holes intersected mineralization:



DCSM 68 intersected 7.25 meters grading 5.13 g/t Au and 80 g/t Ag
DCSM 69 intersected 9.1 meters grading 28.8 g/t Au and 333 g/t Ag
DCSM 72 intersected 4.5 meters grading 4.74 g/t Au and 73 g/t Ag


Although none of these intersections is a true thickness, subsequent development of a ramp into the area has developed a 20 meter strike length with average grade of 5.57 g/t Au and 76 g/t Ag over the 3.13 meter face. During April and May, the small fault controlled block was completely mined out producing 3,905 tonnes with an average grade of 3.83 g/t Au and 46 g/t Ag. This particular segment of ore is somewhat small as it sits at the top "pointy end" of the wedge in an area with a lot of faults. Its discovery provides optimism that a previously unmined area in the upper levels (levels 1 to 5 were historically higher grade) of the deposit hosts mineralization which may extend throughout the entire wedge area.

Elsewhere on the property, level 10 has been developed along the Guadalupe vein about 20 meters below the previously developed level. The level has developed the vein along a 75 meter length. Chip sampling with a 1.5 meter line spacing has resulted in an average grade of 4.04 g/t Au and 26 g/t Ag over an average undiluted thickness of 2.06 meters. The vein is faulted as it was on the level above but shows the continuity of grade within the structure. Muck samples from the drift rounds are lower due to dilution but verify the chip samples. The grade appears to drop at the east end of the current drift similar to the level above; however no structural reason for this has been observed yet.

Drilling is focused now in the San Martin Wedge, the 29 Gap, and Zone 50 which are the most favourable areas likely to locate additional reserves.

David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101 and has prepared the technical information contained in this press release.

For more information on the Company visit our website at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.

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 Mines Ltd.
    Robert Eadie
    Chief Executive Officer and Director
    604-602-4935 or Toll Free: 1-866-602-4935
    604-602-4936 (FAX)
    info@starcore.com
    www.starcore.com