Starcore International Ventures Ltd.
TSX : SAM

Starcore International Ventures Ltd.

November 27, 2007 09:30 ET

Starcore International Ventures Ltd.: Additional Drill Hole Data From "New Zone" At San Martin Gold Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2007) - Starcore International Ventures Ltd. ("Starcore" or the "Company") (TSX:SAM) is pleased to report on additional diamond drilling data recently received from its ongoing underground exploration program on the "new zone" at the Company's San Martin Gold Mine in Queretaro, Mexico.

The underground diamond drill previously completed and reported data from holes LYSM-16 to LYSM-18, all from a single drill station. The program subsequently completed two of four holes (LYSM-19 to LYSM-22) at a second drill station along strike from the original location.

A second diamond drill is about to start another 4 drill hole program (LYSM-23 to LYSM-26) from an existing drill station a further 250 meters along strike.

Five underground diamond drill holes (LYSM-16 to LYSM-20) have examined the down dip and strike extension of the structure. Four of them intersected the vein, with the best intersections in holes LYSM-16, at 50m below the existing workings, and LYSM-20, at 200m northeast of LYSM-16. Duplicate assays for LYSM-20 are tabled below.



Assays Report

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Length (mts) Ag Au
------------- -------------- Au Eq
Status DDH from to width g/t g/t
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First Pulp LYSM-20 199.5 200.1 0.60 71.30 13.00 13.00
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LYSM-20 200.1 201.0 0.90 190.10 11.00 14.00
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LYSM-20 201.0 202.1 1.10 11.60 1.00 1.20
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LYSM-20 202.1 203.3 1.20 121.50 11.40 11.40
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LYSM-20 203.3 204.4 1.10 150.50 11.20 11.80
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Second Pulp LYSM-20 199.5 200.1 0.60 56.7 10.4 13.9
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LYSM-20 200.1 201.0 0.90 236.6 13.4 15.3
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LYSM-20 201.0 202.1 1.10 4.8 0.2 0.5
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LYSM-20 202.1 203.3 1.20 109 11.2 12.0
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LYSM-20 203.3 204.4 1.10 160.8 12.5 12.8
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Hole LYSM-19 did not intersect the projection of the new structure, and was terminated at the contact between the hosted limestone and the carbonaceous limestone horizon.

San Martin uses a well documented standard procedure to convert diamond drill data into mining reserves/resources. This involves both cutting of higher grade assays and applying a factor for dilution. This practice produced the data that is both tabled below and shown in the LYSM-19 and LYSM-20 cross section, which can be viewed at the Company's website at www.starcore.com.



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Au Ag Length (mts)
-------- ------------ true width Observations
DDH Number g/t from to mts
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LYSM-16 intersection 1 7.9 38 122.2 126.9 3.2
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LYSM-16 intersection 2 2.3 11 138.8 142.7 2.3
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LYSM-17 intersection 1 8.5 182 152.0 152.8 0.4
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LYSM-17 intersection 2 2.5 47 156.1 158.1 1.1
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LYSM-18 intersection 1 0.5 4 89.3 95.7 6.6
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LYSM-18 intersection 2 0.4 4 101.1 104.3 3.1
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LYSM-19 - - - - - No significant
Assays
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LYSM-20 First pulp 7.94 100 199.5 204.4 2.10
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LYSM-20 Second pulp 7.81 104 199.5 204.4 2.10
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"The results from hole LYSM-20 are very encouraging," said Robert Eadie, President & Chief Executive Officer of Starcore. "They confirm the continuity of the new structure for 200m, with the possibility of further strike length to the northeast and at depth."

Hole LYSM-21 is currently being drilled. This steep drill hole will investigate the continuity to a depth of 170m.

Core is prepared and assayed internally at the laboratories of the San Martin Gold Mine.

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

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

ON BEHALF OF STARCORE INTERNATIONAL VENTURES LTD.

Robert Eadie, Chief Executive Officer and Director

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts), that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Starcore expects or that are projected to occur in the future, are forward-looking statements. Although Starcore believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements, and positive drill results do not necessarily equate to positive production results. For more information on Starcore, investors should review Starcore's Annual Information Form and annual Management Discussion & Analysis in Canada available on the SEDAR website at www.sedar.com. Starcore does not undertake any obligation to release publicly any revisions to any "forward-looking statement" to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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)
    Email: info@starcore.com
    Website: www.starcore.com