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Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or “the Company”) announces production results for the fourth fiscal quarter ended April 2024, at its San Martin Mine (“San Martin”) in Queretaro, Mexico.

“The fourth quarter results and its increase over the third quarter confirm the good performance and positive changes experienced at San Martin Mine,” stated Salvador Garcia, Chief Operating Officer of the Company. “This has been a process which started in the last two years in developing a new geological model. As a result, new exploration targets have emerged and new ore bodies were discovered, some of good grade and others of high volumes of economical ore.”

The new geological model was able to give us clarity to continue exploring the potential of the San Martin ore body to depth. Although the gold and silver is in carbonaceous ore, the high tonnage we have available and the high potential shown from the new model led us to begin an intensive exploration program focused on increasing the reserves of the economical carbonaceous ore.

As we stated in our last release, the carbonaceous ore has not been included in our reserves and resources estimates as we were previously unable to process it in our cyanidation plant. The industrial test carried out during this quarter in our process plant and some additional tests in outside labs have led to the conclusion that this carbonaceous ore is able to be treated for both gold and silver to be recovered economically. see & read more on
. You can find more information on the investor friendly website here: www.starcore.com